Overview of IPSAS Course in Muscat
International Public Sector Accounting Standards (IPSAS) are a set of standards followed by public sectors worldwide to manage account books and prepare financial statements. The key goal of IPSAS is to improve the quality of general-purpose financial reporting in the public sector, thereby increasing transparency and accountability.
IPSAS training is crucial for professionals in public sector accounting, equipping them with the necessary skills and knowledge to tackle the complexities of public sector accounting. Edoxi's IPSAS Training in Muscat introduces the latest International Public Sector Accounting Standards to accounting professionals within the public sector.
Our training focuses on providing in-depth knowledge in auditing and accrual accounting. Our expert trainers provide practical guidance on the best practices to Improve transparency in financial reporting which ultimately leads to better decision-making for public sector entities.
Benefits of IPSAS Training
- Update Your Knowledge & Skills: Our IPSAS Training will help you stay updated and skilled in International Public Sector Accounting Standards.
- Career Advancement Opportunity: If you are an Accounting or Finance professional working in the public sector our IPSAS Training can help you advance in your career.
- Implementation of Financial Risk Management Policies: Understanding IPSAS helps in implementing effective financial risk management policies on time.
- Improved Financial Reporting Quality: Our IPSAS training aims to enhance the quality and transparency of financial reporting in the public sector.
- Compliance with International Standards: Our IPSAS training ensures that organisations adhere to international best practices in public sector accounting.
Features of IPSAS Training
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Learn the Latest Syllabus
We follow the latest syllabus and help you stay updated with the latest public sector accounting standards.
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Teaches Test-Taking Strategies
After finishing IPSAS Training you will receive globally recognised credentials and a Course Completion Certification.
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Interactive Learning Opportunity
Our highly interactive training methodology offers an engaging and stimulating learning experience.
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Flexible Timing Option
Participants can choose a flexible timing option based on their convenience. They can also choose between weekend and weekday classes.
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Exam-Oriented Coaching
We offer Exam-Oriented Coaching that will help learners prepare for IPSAS Exam.
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Customisation Option
We customise the training option for the participants based on their level of skills and knowledge.
Areas Looking for Experts in IPSAS
Ministry of Finance
National Audit Office
Professional Accountancy Organizations
Professional Audit Organizations
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NGOs who are planning to adopt IPSAS
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Universities
Academic Institutions
Prerequisites for joining the IPSAS Course
Edoxi’s IPSAS Training is for,
- Department heads, directors, senior managers, managers, accountants and finance professionals.
- Accounting staff of the Ministry of Finance, National Audit Office and other government agencies can be a part of this training.
IPSAS Course Modules
- 1. Introduction to Public Sector Accounting
- a. What is Accounting
- b. Basis of Accounting
- c. Evaluation of Public Sector Accounting
- d. Accounting Standards
- 2. International Public Sector Accounting Standards (IPSAS)
- a. History of IPSAS
- b. Scope of IPSAS
- c. To whom IPSAS apply
- d. Authority of IPSAS
- 3. Cash Basis IPSAS
- a. Cash Basis of Accounting
- b. Mandatory Disclosures
- c. Encouraged Disclosures
- d. A step towards Accrual IPSAS
- 4. Accrual Basis IPSAS and Its Presentation
- a. Accrual Basis of Accounting
- b. IPSAS 1 - Presentation of Financial Statements
- c. IPSAS 2 - Cash Flow Statements
- d. IPSAS 3 - Changes in Accounting Policies, Estimates & Errors
- 5. Revenues & Expenses
- a. IPSAS 9 - Exchange Transactions
- b. IPSAS 23 - Non-Exchange Transactions
- c. IPSAS 11 - Construction Contracts
- d. IPSAS 42 - Social Benefits
- 6. Assets
- a. IPSAS 12 - Inventories
- b. IPSAS 17 - Property, Plant & Equipment
- c. IPSAS 31 - Intangible Assets
- d. IPSAS 16 - Investment Property
- e. IPSAS 43 - Leases
- f. IPSAS 21 & 26 - Impairments
- g. IPSAS 32 - Service Concession Assets
- 7. Liabilities
- a. IPSAS 39 - Employee Benefits
- b. IPSAS 19 - Provisions, Contingent Liabilities & Contingent Assets
- 8. Financial Instruments
- a. Definitions
- b. Classification of Financial instruments
- c. Recognition & Impairment
- d. Derecognition & Disclosures
- 9. Consolidation and Combinations
- a. Investments in Associates & Joint Ventures
- b. Separate & Consolidated Financial Statements
- c. Disclosures of Interest in various entities
- d. Public Sector Combinations
- 10. Disclosure Standards
- a. IPSAS 18 - Segment Reporting
- b. IPSAS 20 - Related Party Disclosures
- c. IPSAS 22 - Disclosures about the General Government Sector
- d. IPSAS 24 - Presentation of Budget Information in Financial Statements
- 11. Transition to Accrual IPSAS, IPSAS 33
- a. Migration from Cash basis to Accrual basis
- b. Exemptions & Transition Provisions
- c. First-time adoption
- d. Change management
- 12. Implementation & Updation of IPSAS
- a. Selection of Strategy for Implementation
- b. Phases in implementation
- c. Support Analysis for Transition
- d. Updation of Changes
How to Get IPSAS Certification?
Review & Ratings
FAQs
Edoxi’s IPSAS Course aims to help you master key strategies for migration to IPSAS standards and set clear steps toward implementation.
- Our IPSAS course can help government organisations prepare financial statements effectively by following IPSAS.
- Helps in evaluating performance and providing recommendations for improving the transparency in financial reporting.
International Organisations and Intergovernmental Organisations like OECD, United Nations, NATO, UNICEF and UNESCO follow International Public Sector Accounting Standards.
No, our IPSAS Training is not a career-oriented course. It is to help professionals update their knowledge.
Edoxi’s IPSAS Training in Muscat, Oman is conducted by experienced trainers who help you gain a thorough knowledge of IPSAS. You will receive practical exposure to face the challenges in the implementation of IPSAS. Join our valuable sessions and empower yourself with Edoxi’s IPSAS Training.