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To ensure it is successfully implemented, we need your help and support. IPSAS Presentation to AG Senior Managers 1. Countries and stage of adoption of IPSAS: Africa 14 4. The International Public Sector Accounting Standards (IPSAS) are a series of 32 financial reporting and accounting standards issued by the International Public Sector Accounting Standards Board (IPSASB), which represents more than 160 member bodies in 120 countries. • CBT 2 – Accrual Accounting under IPSAS – the basics. This course primarily relies on lecture and class discussion, although we also utilize in-class individual and group exercises to illustrate theory and practice relevant to financial decision-making regarding International Public Sector Accounting Standards (IPSAS). *The Standards: IFRS and IPSAS DATE: 13 th-14 th July 2017. Questions Role Conclusion: Due to magnitude of change involved and the significant input required from users, the role of Senior Management is crucial. Knowledge and contacts that Project does not have – need to work together User requirements Document Procedures Testing Implementation Support Change – provide us with honest feedback, raise issues Project will introduce a lot of change We provide training and procedures Need your help to manage this transformation Keep open mind Training Change the way we do things Organizational change (business process owners) Communicate Two way exchange Issues Initiatives 3. PBE IPSAS 6 (PS) Consolidated and Separate Financial Statements. Objectives and key assumptions This guidance note is by no means another “best practice” for IPSAS implementation. Consistency between IPSAS financial reporting and systems of national accounts (2) IPSASB’s cooperation with statistical community: 2004:IPSASsand Statistical Bases of Reporting –Analysis of Differences and Recommendations for Convergence 2004 -2006: Task Force For Harmonisationof Public Sector Accounting They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. IPSAS Accrual Accounting Workshop- Jabatan Akauntan Negara 28-29 Aug2012. 1st year of compliance is 2012 2. Countries and stage of adoption of IPSAS: Asia 8 2. The Cash Basis IPSAS. IPSAS online training The United Nations system organisations created the following online training courses for IPSAS: • CBT 1 – Orientation to IPSAS. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. IPSAS 8: Interests in Joint Ventures (superseded) IAS 31: IPSAS 9: Revenue from Exchange Transactions: IAS 18: IPSAS 10: Financial Reporting in Hyperinflationary Economies: IAS 29: IPSAS 11: Construction Contracts: IAS 11: IPSAS 12: Inventories: IAS 2: IPSAS 13: Leases: IAS 17: IPSAS 14: Events After the Reporting Date: IAS 10: IPSAS 15 1 Introduction. Subsequent to a system-wide Steering Committee decision, system-wide IPSAS training courses are being distributed by email and will not be available from the CEB/Accounting Standards website. Option 2: Accrual only PEMPAL Baku 2012 15 Accrual accounting system Reporting under accrual basis IPSAS and for GFS or ESA 95 Advantages 1. Project has mandate to streamline/automate where possible .We are addressing their needs. TIME: 8am to 5pm. UN mandate Finance Division - AFF 4. Presentation Summary : IPSAS 16 Investment property. Comprehensive – includes all flows, assets & liabilities 4. IPSAS Project presentation to AG Department 09 September 2009 FAO I nternational P ublic S ector A ccounting S tandards 2. IPSAS No. Overview of IPSAS Standards - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. At this point, I am happy to answer any of your questions? Ipsas 16 Investment Property. Therefore, FAS replacement has been integrated. This video reviews IPSAS 1 : Presentation of Financial Statement . Provides an awareness of IPSAS. embracing IPSAS. Structure of the Standard Part 1 is Mandatory Part 1 of this Standard sets out the requirements for reporting under the cash basis of accounting. Introduces accrual accounting and the major changes it will bring to reporting financial information. Again we focus on org needs, not just accounting. IPSAS Disclosure Checklist 2018 2 IPSAS 26 — Impairment of Cash-generating Assets Mandatory February 2008 1 April 2009 IPSAS 27 — Agriculture Mandatory December 2009 1 April 2011 IPSAS 28 — Financial Instruments: Presentation Mandatory January 2010 1 January 2013 IPSAS 29 — Financial Instruments: Recognition and Measurement Mandatory January 2010 1 January 2013 This paper summarises the key differences between IPSAS and the current set of IFRS-based In addition to describing the principal presentation and disclosure requirements of financial statements prepared under IPSAS it also includes a comprehensive review the Recommended Practice Guideline (RPG 2) Financial Statement Discussion and Analysis. Challenges and success factors: Africa 15 5. The European Commission decided to provide the administration with a modern ... To draft EC accounting rules which customise IPSAS / IAS to EC environment ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 17e734-ZDc1Z The should be used a Preface Examples of synergies: Baseline Consolidation project – sharing Requirements/testing tool and may coordinate testing COIN/FPMIS – requirements for procurement and delivery Results-based management – communication and training Culture Change – sharing communication strategy IPA communication – participate in FAO Renewal communication Business Intelligence tool – mobilization of resources and reporting tools Manage risks Addressing key risks Resource constraints Ownership of major processes – Receiving and PP&E Consolidation Oracle standard functionality in the field, Now we will talk about Project Activities 1. Intangible assets IPSAS online training courses for IPSAS: • CBT 2 – Accounting... 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