Advanced IPSAS for Governmental Accounting Systems

Day 1:

The Comprehensive Framework of Governmental Accounting:

• Characteristics and objectives of governmental accounting.

• Interpretative theories of accounting in governmental units.

• Accrual accounting measurement principles in governmental accounting.

• Governmental accounting rules.

• Technical components of governmental accounting system (documents, books, records, reports).

• Practical applications on managing and implementing activities of the governmental accounting system.

Day 2:

Accounting Principles and Rules:

• Basic accounting concepts and principles.

• Foundations and elements of the accounting function.

• Financial accounting terminology (assets, expenses, audited profit, cash flow, etc.).

• Financial data: definition and uses.

• Difference between cash basis and accrual basis accounting.

Day 3:

Accrual-Based Accounting Adjustments and Entries:

• Principles of accrual-based accounting.

• Account reconciliations.

• Expense reconciliations.

• Revenue reconciliations.

• Determining accruals and deferrals.

• Preparing trial balance after adjustments.

• Various practical cases.

Day 4:

Closing Accounts, Preparing Financial Statements, and Reports:

• Preparing adjusting entries.

• Preparing closing entries for accounts.

• Post-closing trial balance after closing entries.

• Preparing financial statements and final accounts from the adjusted trial balance.

• Using accounting worksheets to prepare adjusting and closing entries.

Day 5:

Accrual and Entry Preparation for Various Financial Operations:

• Preparing accruals and entries for salaries and wages.

• Preparing accruals and entries for commitments and trusts.

• Preparing accruals and entries for loans and expenses.

• Preparing accruals and entries for revenues.

• Preparing accruals and entries for assets.

• Various practical applications and case studies.

Day 6:

Financial Reporting and Analysis in Governmental Accounting:

• Understanding financial reports and their components.

• Analyzing financial statements for governmental entities.

• Ratios and indicators for evaluating financial performance.

• Interpretation of financial data in a governmental context.

• Case studies and practical exercises on financial analysis.

Day 7:

Budgeting and Planning in Governmental Accounting:

• The importance of budgeting in public financial management.

• Types of budgets (operating, capital, etc.) in the government context.

• The budget preparation process and cycle.

• Monitoring and controlling budget execution.

• Budget variance analysis and corrective actions.

• Practical budgeting exercises and simulations.

Day 8:

Internal Control and Audit in Governmental Accounting:

• Principles of internal control in the public sector.

• Designing effective internal control systems.

• Role of internal audit in governmental entities.

• Conducting internal audits and assessments.

• Risk management and fraud prevention in governmental accounting.

• Case studies on internal control and audit.

Day 9:

Compliance and Accountability in Governmental Accounting:

• Ensuring compliance with laws, regulations, and policies.

• Accountability mechanisms in government financial management.

• Reporting on compliance and accountability.

• Evaluating and addressing compliance risks.

• Real-world examples and practical exercises on compliance.

Day 10:

Case Studies and Practical Application:

• Comprehensive case studies integrating all concepts covered.

• Real-world scenarios and simulations of governmental accounting challenges.

• Group discussions and problem-solving sessions.

• Review of key takeaways from the entire training program.

• Q&A and open discussion on participants' experiences and insights.