The FIPSA program is a technical and transformative course centered on the International Public Sector Accounting Standards (IPSAS). It addresses the legal and professional requirements for public entities to provide a "true and fair" view of their financial health. The training covers the end-to-end process of financial reporting, including the recognition of assets and liabilities, the use of the Standard Chart of Accounts (SCOA), and the integration of these standards into the Integrated Financial Management Information System (IFMIS).
About the Course
Aim of the Course
To equip public service professionals with the technical competencies and practical skills required to transition from cash-based accounting to the IPSAS Accrual basis, thereby enhancing transparency, accountability and the quality of financial reporting in the public sector
Target Audience
Accountants and Finance Officers in National and County Governments. Internal and External Auditors responsible for reviewing IPSAS-compliant statements. Accounting Officers (PSs and CECs) who bear the ultimate responsibility for institutional financial reports. Finance Directors and Managers in State Corporations and Semi-Autonomous Government Agencies (SAGAs). ICT and IFMIS Officers who support the technical systems required for accrual reporting.
Learning Outcomes
- Differentiate Systems: Clearly distinguish between cash-based and accrual-based accounting and explain the benefits of the latter for Public Financial Management (PFM)
- Apply IPSAS Standards: Interpret and apply specific standards (e.g., IPSAS 1, 17, and 31) to correctly recognize and measure assets, liabilities, revenues, and expenses.
- Prepare Financial Statements: Successfully draft a complete set of accrual-based financial statements.
- Navigate the Transition Roadmap: Implement the National Treasury’s phased roadmap for cash-to-accrual migration within their respective entities.
- Enhance Audit Readiness: Prepare high-quality documentation and disclosures that withstand the scrutiny of the Office of the Auditor General.
- Utilize IFMIS for Accrual: Leverage financial management systems to automate reporting processes and ensure data integrity.
Mode of Delivery
Available delivery modes across campuses:
Duration: 5 Days
Campuses
Select your preferred campus to view schedules and apply:
Admission Criteria
Candidates must meet the minimum entry requirements as specified by the Kenya School of Government.
Language of Instruction: English
