IPSAS for Public Sector Organizations

Accounting and Financial Reporting under IPSAS

The full title of the program is “Accounting and Financial Reporting in Accordance with International Public Sector Accounting Standards (IPSAS) on the Accrual Basis.”

IPSAS are international standards that set out how public sector organizations recognize, measure and disclose assets, liabilities, revenue and expenses on the accrual basis. In Russia, federal accounting standards for public sector organizations are developed with IPSAS approaches in mind, so knowing the international standards also helps you understand Russian requirements more deeply.

HSE IPAA offers training under this program. It gives accountants and finance staff of state and municipal institutions a systematic knowledge of accounting and practical skills in preparing separate and consolidated accrual-basis financial statements.

Course objective: to study the principles, procedures and rules of accounting and financial reporting for public sector organizations based on IPSAS.

Target audience: chief accountants and accountants of state and municipal institutions, and specialists in the accounting and finance departments of public sector organizations.

Course goals

• explain the core principles, methods and rules of accrual-basis accounting and reporting;
• review the requirements for accounting policies, the chart of accounts and reporting forms with respect to the recognition, measurement, presentation and disclosure of financial statement elements;
• show how to prepare separate and consolidated financial statements.

Program length

• for chief accountants: 80 academic hours;
• for accountants and specialists in accounting and finance departments: 48 academic hours.

Course structure

3 modules, 24 topics:

• Module 1. Accounting principles
• Module 2. Accounting rules
• Module 3. Preparing organizations' financial statements and consolidated financial statements

Format: in person, with lectures and practical assignments.

The course ends with a comprehensive test (30 questions, two attempts), and HSE IPAA certificates are issued: one for course attendance and one for successfully passing the final test.

Instructors: practicing professional accountants and auditors, including holders of international qualifications.

Fee

The fee depends on the participant category (chief accountant or specialist). Current prices are listed in the schedule; for details, please contact our managers.

The fee includes:

• training under the course program;
• handouts;
• coffee breaks;
• the final exam (two attempts);
• two HSE IPAA certificates: one for course attendance and the main certificate.