The program provides a comprehensive framework for applying global financial reporting standards specifically tailored for the public sector. It covers the interpretation and application of both Cash Basis and Accrual Basis IPSAS, focusing on the recognition, measurement, and disclosure of assets, liabilities, revenue and expenses within government frameworks.
About the Course
Aim of the Course
The primary aim of the program is to enhance transparency, accountability, and the quality of financial reporting within the public sector by equipping participants with the technical competencies required to implement and maintain internationally recognized accounting standards.
Target Audience
Accounting and Finance Officers in National and County Governments. Accountants and Internal Auditors in State Corporations and Semi-Autonomous Government Agencies (SAGAs). Finance Managers in Constitutional Commissions and Independent Offices. Members of Public Sector Boards who oversee financial governance. Professionals from NGOs and the Private Sector who interact with or audit public sector financial statements.
Learning Outcomes
- Interpret the IPSAS Framework: Understand the role of the International Public Sector Accounting Standards Board (IPSASB) and the conceptual framework underlying public sector reporting.
- Apply Accrual Accounting: Correctly recognize and measure key financial elements such as Property, Plant, and Equipment (PPE), inventories, and employee benefits.
- Prepare Compliant Financial Statements: Develop and present General Purpose Financial Reports (GPFRs) that meet international transparency and comparability requirements.
- Execute Transition Strategies: Navigate the complexities of migrating from cash-based systems to full accrual IPSAS compliance.
- Strengthen Internal Controls: Utilize IPSAS principles to improve risk management, audit processes, and overall fiscal discipline.
- Align Budgeting with Reporting: Integrate budgetary information within financial statements to demonstrate compliance and performance.
Mode of Delivery
Available delivery modes across campuses:
Duration: 10 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
