IPSASs Training

The practice of public financial management is critical in combating corruption, alleviating poverty, and ensuring the effective use of internal and external resources in accordance with the policies of the republic of Tanzania.

In order for the IPSASs to be successfully implemented public accountants and their supervisors need to have competency in the spirit and letter of the standards, its application methodologies and use of computers in an accounting environment.

Introduction

The course is designed to provide a balanced theoretical foundation for the use of IPSASs and the rational for its application. It also creates learning opportunities for the knowledge prerequisite to fully understand and appreciate the IPSASs application context.

The overall aim is that by the end of the course the participants will be able to demonstrate an understanding of the theory, process, procedures, legislation and ethic consideration of IPSASs. It will be achieved by attaining the following learning outcomes: -

·         Develop a high standard of public accounting performance

·         Produce acceptable public financial statements

·         Produce departmental and ministerial financial reports in accordance to the public audit needs

·         Demonstrate a high level of accounting ethics 

·         Prevent opportunities for corrupt practices

The course will be most beneficial to the following officers; -

·         Accountants

·         Accounts Supervisor & Finance Managers

·         Treasures

·         Public Internal & External Auditors

·         Budgeting Officers

·         Purchasing & Inventory Control Officers

The participants will be able to: -

·         Demonstrate the difference from government accounting, government business entities and that of normal business entities

·         Work with the full set of Financial Statement as stipulated by the IPSASB

·         Demonstrate the compliance, capacity and ability to prepare general purpose financial statement as according to IPSAS

·         Apply IPSASs and differentiate them with international financial reporting standards (IFRS)

·         Understand the treatment of C (Recruitment) and D (Development) Fund Accounts under IPSAS

·         Assess/Interpret government’s fiscal condition from the reports prepared under IPSAS

·         Incorporate budget information in the Financial Statements.

·         Incorporate budget previous year’s operating results in the current year financial statement in a systematic manner as per IPSAS

The course will cover the following topics

·         IPSAS & IFRS Overview and Objectives

·         The government accounting environment

·         Recognizing revenues in government entities

·         Recognizing expenditure in government entities

·         Treatment of various government accounts and various matters arising

·         Recognition, Presentation, Measurement and Disclosure requirement as required by IPSAS

·         Financial Reporting under the Cash and Accrual Basis of Accounting in IPSAS and Components of Financial Statements

·         Major difference between IPSAS for Accrual and Cash basis

·         Acquisitions and Disposals of Controlled Entities and Other Operating Units

·         Disclosures in IPSAS Reported Financial Statements

·         Qualitative Characteristics of Financial Reporting in IPSAS

·         Governance and Administration

·         Public Auditing

·         Auditing requirements for government entities in consideration of IPSAS

·         Advanced Excel for Accountants

·         Accounting Ethics standards and customised treatment of particular items under IPSAS

 

The course main reading texts will is: -

  1.      Course File (Collection of key text, academic papers, assignments)

2.      Main Text: Handbook for International Public Sector Accounting Standards

3.      Financial reporting under the cash basis of accounting

4.      The united Republic of Tanzania (2001): The Public Finance Act no 6 Government Printer

 

The course delivery process will be made of: -

 

·        Formal Lectures: The course is made of out 75% lectures that will cover the theoretical content, look at the applicable legislations and examples of best practice.

·        Special Presentations: Experts from the field will make special presentation to allow the participants to have insight on the actual application of theory.

·        Case Study Analysis: The participants will read research reports on the application of IPSASs in Tanzania and other countries. In order to consolidation the learned concepts and principles

·        Group Discussions: The participants will discuss questions set by the facilitators. The purpose of the discussion is to develop financial critical thinking abilities and for peer teaching.

·        Individual Assignments:  Participants will be given take away assignments. He purpose of which is to focus the participants on course reading text and also for the internalizations of the concepts.

·        End of course Assessment:  The participants will have a 30 minutes evaluation paper. That will be a combination of one word and short sentences answers. 

 

 

Sivumelwano Agreement Nyembe	Training Director, qualified in the development of training curriculums, human resource development. Trained in education, human resource development,
Amani Misho	AN information technology expert, specializing in IT training. Studied the development of e-learning material. He lectures on computerized accounting packages, advanced excel, graphic designs among other things
Omary Kakiva	A professional accountant specializing in internal auditing, accounts teaching to senior students (CPA classes)
Allen Mibazi	A lecturer for public procurement

 

CP-DEV is a registered and accredited provider of training courses in all of Africa. In 2008 we provide training to government departments in Tanzania, Rwanda and Lesotho. The organization develops e-learning material for the SME sector and facilitates tutorials for CPA classes and ACCA.

CP-DEV Arusha campus is fully equipped with teaching and learning aids. The lecture rooms have egoistically designed furniture and fittings, data projectors, computers with wireless internet connection, photocopying and printing facilities.  The campus environment is tranquil, suitable for learning. All course participants receive morning tea and continental lunch. All courses include a cultural visit to educational destination.

 

Tuition:  Tzh 950,000.00 per person                                                Duration: 5 Days  

Dates: March 23rd - 27th, 2009 & August 3^rd – 7^th, 2009

It is inclusive of learning material, Tax, meals, transport from hotels, and cultural visit (Free trip to Ngorongoro National Park)