International Public Sector Accounting Standards (IPSAS)

Master IPSAS-Compliant Financial Reporting, Including the Newly Issued IPSAS 43, 46, 47, and 48

Platform:

Online

In-class

Date	Venue	Duration
12 - 16 October 2026	Sandton, Gauteng	5 Days
23 - 27 November 2026	Durban, KZN	5 Days

Course Introduction

This enhanced IPSAS training course provides a comprehensive and up-to-date understanding of International Public Sector Accounting Standards (IPSAS). Designed to equip participants with the practical tools needed to implement IPSAS, the course integrates real-world case studies and the latest global trends affecting public sector accounting.

Participants will explore key IPSAS principles, from the fundamentals of accrual-based accounting to advanced financial reporting topics, including financial instruments, leases, consolidation, and pension liabilities. The Prospen International Public Sector Accounting Standards (IPSAS) Training course also addresses contemporary challenges such as sustainability reporting, digital transformation in financial reporting, and transparency requirements in public finance.

By the end of this IPSAS Training, participants will have a strong grasp of IPSAS-compliant financial statement preparation and understand how IPSAS impacts governance, decision-making, and public accountability.

Course Objectives

Upon completing this course, participants will:

Understand the core principles, structure, and global importance of IPSAS in public sector financial reporting
Apply accrual-based IPSAS in preparing and interpreting financial statements
Identify key differences between cash-based and accrual-based IPSAS accounting
Gain expertise in asset, liability, revenue, and expense treatment under IPSAS
Navigate complex IPSAS topics, including financial instruments, leases, consolidation, and pension liabilities
Stay updated with the latest IPSAS updates, regulatory changes, and global best practices, including the newly issued IPSAS 43, 46, 47, and 48
Examine case studies on IPSAS implementation, challenges, and emerging trends

Who should attend?

This course is designed for professionals involved in public sector finance, accounting, and policy-making, including:

Public Sector Accountants
Finance Managers and Directors
Auditors
Budget Analysts
Policy Makers and Government Advisors

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Training Outline — IPSAS & Public Sector Financial Reporting

Module 1: Introduction to IPSAS and Public Sector Financial Reporting

The Role of IPSAS in Public Sector Financial Management
Differences Between Cash-Based and Accrual-Based Accounting
IPSAS Scope, Framework, and Compliance Challenges
Overview of the IPSASB (International Public Sector Accounting Standards Board)
Case Study: IPSAS Adoption in Emerging Economies

Module 2: IPSAS Accrual Basis Framework

Understanding the Accrual Basis of Accounting in IPSAS
Recognition and Measurement of Revenues and Expenses
Transitioning from Cash Basis to Accrual Basis in IPSAS
Common Pitfalls in Accrual Implementation
Case Study: Government Transition from Cash to Accrual Accounting

Module 3: Financial Statement Presentation Under IPSAS

Structure of IPSAS-Compliant Financial Statements
Statement of Financial Position (Balance Sheet)
Statement of Financial Performance (Income Statement)
Statement of Cash Flows and Notes to Financial Statements

Module 4: Accounting for Assets and Liabilities

IPSAS Treatment of Property, Plant, and Equipment
Recognising and Measuring Liabilities under IPSAS
Accounting for Intangible Assets and Investment Properties
Impairment of Assets and Fair Value Measurement
IPSAS 46, Measurement — the current, unified measurement standard now underpinning asset and liability measurement across the IPSAS suite
IPSAS 43, Leases — the current standard for lessee and lessor accounting in the public sector
Case Study: Public Infrastructure Accounting Challenges

Module 5: Revenue Recognition and Grant Accounting in IPSAS

IPSAS Guidelines for Revenue from Exchange and Non-Exchange Transactions
Accounting for Government Grants and Donations
IPSAS 23: Revenue from Non-Exchange Transactions (Taxes and Transfers), read alongside IPSAS 47, Revenue — the IPSASB's newly issued, unified revenue standard delegates should be aware of
IPSAS 48, Transfer Expenses — the corresponding new standard governing the transferring entity's side of grants and transfers
Deferred Income and Provisions for Revenue
Case Study: Revenue Recognition Challenges in Public Health Funding

Module 6: Consolidation and Group Financial Statements

Principles of Consolidation in the Public Sector
IPSAS 35: Consolidated Financial Statements
Accounting for Joint Ventures, Associates, and Interests in Other Entities
Eliminating Inter-Entity Transactions in Consolidated Financials
Case Study: Best Practices in Governmental Financial Consolidation

Module 7: Financial Instruments and Liabilities

IPSAS 41: Financial Instruments—Classification and Measurement
Recognising Financial Liabilities and Debt Instruments
Hedge Accounting and Derivative Instruments in the Public Sector
Disclosure Requirements for Financial Instruments
Case Study: Managing Public Debt and Financial Instruments

Module 8: Employee Benefits and Pension Liabilities

IPSAS 39: Accounting for Employee Benefits
Recognising Short-Term and Long-Term Employee Benefits
Accounting for Pension Plans and Retirement Benefits
Actuarial Valuations and Disclosures for Pension Liabilities
Case Study: Pension Fund Sustainability in the Public Sector

Module 9: Segment Reporting and Budgetary Information

IPSAS 18: Segment Reporting in the Public Sector
Reporting Budgetary Information and Variances
Disclosure of Budgetary Comparisons in Financial Statements
Best Practices for Segmental and Budgetary Reporting
Case Study: Budget Transparency and Performance Reporting

Module 10: Emerging Trends and Future of IPSAS

ESG and Sustainability Reporting in the Public Sector
Digital Transformation in Public Sector Accounting
Artificial Intelligence and Automation in IPSAS Compliance
The Future of Public Finance Management and Global IPSAS Trends
Case Study: Implementing AI in Government Financial Audits

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FAQs – International Public Sector Accounting Standards (IPSAS)

Master the principles and application of International Public Sector Accounting Standards (IPSAS) to improve financial reporting, strengthen accountability, ensure compliance, and promote transparency in public sector organisations.

What topics are covered in the International Public Sector Accounting Standards (IPSAS) course?

The course covers accrual-basis and cash-basis IPSAS frameworks, financial statement presentation, revenue recognition (IPSAS 9 & 23), non-financial asset accounting, public sector liabilities, transition strategies, and recent updates from the IPSAS Board (IPSASB).

Who should attend the International Public Sector Accounting Standards (IPSAS) training?

This course is designed for public sector accountants, finance directors, state auditors, municipal financial officers, ministry officials, treasury specialists, and finance staff in international non-governmental and intergovernmental organizations adopting IPSAS.

How does IPSAS adoption improve public sector transparency and accountability?

Delegates learn how transitioning to IPSAS delivers standardized, transparent, and internationally comparable financial reporting, providing governments with clearer insights into sovereign assets, liabilities, and long-term fiscal sustainability.

How long is the International Public Sector Accounting Standards (IPSAS) masterclass?

The programme is delivered as an intensive 3 to 5-day practical masterclass featuring comprehensive standard-by-standard evaluations, practical disclosure exercises, implementation roadmap planning, and public sector case studies.

What practical skills and implementation tools will delegates gain?

Delegates gain practical skills to map existing public accounting records to IPSAS standards, draft compliant note disclosures, execute asset valuation and impairment models, and manage the end-to-end conversion from cash to accrual-based accounting.

Can Prospen Africa deliver this IPSAS course as customized in-house training?

Yes. Prospen Africa can tailor the masterclass to align with your country's specific public finance reform mandate, national treasury transition timelines, and government department structures.

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International Public Sector Accounting Standards (IPSAS)

Master IPSAS-Compliant Financial Reporting, Including the Newly Issued IPSAS 43, 46, 47, and 48

Course Introduction

Course Objectives

Who should attend?

Training Methodology

Training Outline

Training Outline — IPSAS & Public Sector Financial Reporting

Our Categories

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Success Stories

IFRS Updates Trainings

Financial Analysis, Modelling and Forecasting

Mastering Payroll Preparation, Analysis, and Management

Financial Analysis, Modelling and Forecasting

GRAP training

FAQs – International Public Sector Accounting Standards (IPSAS)

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