IPSAS Certification

IPSAS Certification is pivotal in upholding the credibility of financial reports, guaranteeing high quality. IPSAS (The International Public Sector Accounting Standards) serves as top-notch accounting guidelines designed to streamline reliable financial reporting, ensuring transparency. These standards help users to scrutinize governments and other public entities effectively. More than 80 countries have already initiated this change.

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  • 27 Jul, 2024 / 27 Jul, 2024
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What is This IPSAS Certification All About?

The IPSAS Certification is an accrual-based guideline crafted by the IPSAS Board. These standards are essential for public sector entities worldwide. They help in the preparation of financial statements. This certification ensures adherence to these robust standards in financial reporting. 

Why is This IPSAS Certification Important?

Recognized globally, IPSAS Certification ensures compliance with these best practices. It was developed by an independent global accounting body. It stands as the gold standard for public sector financial accounting and reporting. The standards enforce comprehensive presentation, covering assets, liabilities, and expenses in public sector financial reporting. IPSAS-certified professionals are trained to follow the guidelines needed for authentic financial reporting. 

How Can an IPSAS Certification Help You Get Hired by Top Companies?

IPSAS standards aim to boost the quality of financial reporting in the public sector. With IPSAS Certification, public entities enhance transparency and the precision of financial data. This adoption fosters consistency across governments and non-governmental organizations. Thus providing a robust foundation to evaluate both current financial standing and past performance. IPSAS-certified professionals are much in demand owing to their knowledge and expertise in financial reporting. 

 

Industry Trends

The demand for more transparent and accountable government financial reporting has led to a rise in IPSAS adoption. IPSAS Certification brings its own set of advantages and opportunities in the market, reflecting its significance in the financial landscape.

Market trends

IPSAS Certification holds significance amid the notable impact of COVID-19 on public finances. While governments have taken measures to support individuals and businesses, 11% of associated jurisdictions fully embrace IPSAS, with 52% partially implementing standards. The industry anticipates around 135,000 annual job openings for accountants, making it an appealing choice for professionals.

Salary Trends

Earning certifications enhances the value and career prospects of accounting professionals. IPSAS Certification, among others, elevates career mobility and increases earning potential. These are some of the salaries earned by professionals in the MENA region. The list is as follows:

  • Dubai: AED 10,000 - AED 14,000 per month
  • Saudi Arabia: SAR 233,000 annually
  • Bahrain: BHD 3,000 - BHD 7,000 monthly

These figures showcase the lucrative opportunities and financial rewards that come after attaining the IPSAS Certification. This makes it a valuable investment in one's career.

Demand & Opportunities

The rising adoption of IPSAS globally has led to a growing demand for IPSAS experts. Obtaining IPSAS Certification assures the competency required for relevant roles, making it easier to access these expanding opportunities.

Some of the in-demand job roles are listed below:

  1. IPSAS Specialists
  2. Accounting Leads
  3. Finance Specialists
  4. Finance Officers
  5. Internal Auditors

Course Outcome

Successful completion of the IPSAS Certification will enable you to:

  • Gain proficiency in the accrual-based IPSAS framework and its requisites
  • Understand and embrace the fundamental values that underpin IPSAS
  • Skillfully apply IPSAS recognition and measurement rules for assets, liabilities, revenues, and expenses
  • Strategically implement key approaches for transitioning to IPSAS standards
  • Master the requirements for presenting IPSAS financial statements and associated disclosures

Course Module

  • An overview of the work of the Board (IPSASB), including its organization, the characteristics of public sector entities, the relationship between IPSAS and the corresponding International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), the purpose of financial statements and any ongoing projects.

Provides an understanding of:

  • Non-exchange revenue (IPSAS 23)
  • Exchange revenue (IPSAS 9)
  • Construction contracts (IPSAS 11)

Delivers training around:

  • Consolidated and separate financial statements (IPSAS 6)
  • Interests in joint ventures (IPSAS 8)
  • Investments in associates (IPSAS 7)
  • Translation of financial statements of foreign operations (IPSAS 4)
  • Financial reporting in hyperinflationary economies (IPSAS 10)
  • Disclosure standards and other topics, presentation of budget information (IPSAS 24)
  • Segment reporting (IPSAS 18)
  • Related party disclosures (IPSAS 20)
  • Disclosure of financial information about the general government sector (IPSAS 22)
  • Service concessions (IPSAS 32)

Delivers training covers the following areas:

  • Migrating from cash to accrual basis
  • First-time adoption of IPSAS (IPSAS 33)
  • Change management and the adoption of IPSAS

Develops an overview of:

  • Financial statements (IPSAS 1)
  • Cash flow statements (IPSAS 2)
  • Accounting policies, changes in accounting estimates, and errors (IPSAS3)

Delivers teaching around a wide range of topics including:

  • Property plant and equipment (IPSAS 17)
  • Intangible assets (IPSAS 31)
  • Investment property (IPSAS 16)
  • Impairment of cash-generating assets (IPSAS 26)
  • Impairment of non-cash generating assets (IPSAS 21)
  • Borrowing costs (IPSAS 5)
  • Inventories (IPSAS 12)
  • Leases (IPSAS 13)
  • Financial instruments (IPSAS 28, 29, 30)
  • Provisions
  • Contingent liabilities and contingent assets (IPSAS 19)
  • Events after the reporting date (IPSAS 14)
  • Employee benefits (IPSAS 25)
  • Agriculture (IPSAS 27)

Teaches students about Part 1 of the cash basis IPSAS, covering required information in:

  • The statement of cash receipts and payments
  • Disclosures
  • Consolidation under the cash basis
  • Presentation of budget information in the financial statements
  • The additional (non-mandatory) disclosures encouraged in Part 2 of the
  • Cash basis IPSAS

  • Teaches students about the public sector financial crisis and IPSAS, IPSASB’s strategic direction, and forthcoming proposals from the IPSASB

Program Dates

27 Jul
  • 11:00 AM
  • Sat
  • Online Live
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Expert Instructors & Teaching Methods

Dr Srinivas is a leading industry professional in the field of finance and accounting. He is an established corporate trainer with demonstrated experience in his field. He is the holder of some of the world’s most valued professional credentials such as CMA, CPA, PMP, CCA, CFE, etc. He has an extensive educational background as well in finance which establishes his mettle in designing, developing and delivering excellent training programs. His training records mark exceptional results in guiding and teaching professionals of all experience levels and from diversified backgrounds. He integrates his excellent presentation skills with the knowledge of educational theories and methodologies to provide onsite and virtual training that is of unparalleled quality. His high community services contribution also ascertains his commitment to training potential aspirants to become tomorrow’s professionals.

Education

  • ⦾ Ph.D. in Management, 2018 (Provisional yet to be received) OPJS University, India
  • ⦾ M.Sc. in Applied Psychology 2016, Bhartiyar University, India
  • ⦾ MBA in Finance 2012, Nagarjuna University, India
  • ⦾ LLB 1998, Osmania University, India
  • ⦾ M.Com 1994, Osmania University, India
  • ⦾ B. Com 1990, Osmania University, India

 

Professional Qualifications

 

  • ⦾ Certified Public Accountant, (CPA), The American Institute of Certified Public Accountants, U.S.A
  • ⦾ Certified Management Accountant, (CMA), The Institute of Management Accountants, USA
  • ⦾ Certified Fraud Examiner, (CFE), Association of Fraud Examiners, USA
  • ⦾ Certified Cost Accountant (ICWA-Inter), The Institute of Cost and Works Accountants of India, India
  • ⦾ Project Management Professional (PMP), Project Management Institute

Dr. Srinivas, PhD, MSc, MBA, LLB, CMA, CPA, PMP

Why Count on Learners Point?

Being the leading provider of the IPSAS Certification, at Learners Point we help professionals master the necessary skill sets to complete the IPSAS Certification.

Following are the USPs our IPSAS Certification offers you:

  • We look at real-world scenarios organizations face and formulate our IPSAS training course evaluating practical requirements
  • Apart from theoretical knowledge, we also focus on practical case studies to give you a reality check and insight into what exactly will be asked of you while delivering in a demanding role
  • Our bespoke IPSAS Certification also equips you with hands-on experience by offering assignments related to the actual work environment
  • Apart from organizing group sessions, we also offer a guided learning experience to enhance the quality of our certification
  • We also take a discrete approach to career guidance so that one can be successfully placed as a professional

Learners Experience

"IPSAS Certification not only boosted my skills but also my confidence. Learners Point's approach to practical learning ensures you're job-ready. I secured a position I love!"

Nafisa Khariyat

Internal Auditor

"IPSAS Certification was a stepping stone for me. The comprehensive modules, especially on no-exchange transactions, set the stage for my success in public sector finance."

Taufiq Deol

Finance Officer

"IPSAS training at Learners Point is a game-changer. The course structure, along with career guidance, landed me a fulfilling role in financial reporting. Truly grateful!"

Savi Khan

Finance Specialist

"Highly recommend IPSAS Certification! The hands-on assignments prepared me for the challenges of the financial landscape. Learners Point provided the perfect blend of theory and real-life application."

Nazima Khiraq

Accounting Lead

"IPSAS Certification at Learners Point transformed my career! Practical insights and real-world scenarios made learning enjoyable. Now, I confidently navigate complex financial reporting."

Ravith Shah

IPSAS Specialist

Our Graduates

Our graduates are from big companies, small, companies, they are founders, career changers and life long learners. Join us and meet your tribe!

FAQs on IPSAS Certification

IPSAS is the acronym for International Public Sector Accounting Standards. These are established guidelines that provide professionals with the knowledge needed for public financial reporting.

The target audience who can apply for IPSAS Certification are as follows: 1) Public sector employers and employees globally 2) Accountants working or wishing to work in the public sector 3) National and local governments 4) Policymakers specialising in the public sector

There are 25 multiple-choice questions in the IPSAS Certification examination.

Individuals can attempt to clear IPSAS Certification three times during the 12-month registration period.

The benefits of the IPSAS course are as follows: 1)Greater Accountability and Transparency 2)Better Decision-Making 3)Professionalisation and Access to Talent 4)Improved Efficiency 5)Sound Financial Management

IPSAS is a close-book examination.

The basic differences between IPSAS training and IFRS training are as follows: 1)IPSAS deals with the public sector 2)IFRS deals with the private sector

Apart from theoretical sessions, the IPSAS training consists of: 1)Face-to-Face Doubt Clearing Sessions 2)Interaction with Industry Experts 3) Tips to ace the examination on the first attempt

Yes, IPSAS training covers the latest standards and updates.

Apart from expert guidance from our trainers, a candidate should ideally dedicate 80 hours of self-study to prepare for the IPSAS course.

The course content for the IPSAS Course is as follows: 1)Module 1: IPSASB 2)Module 2: Financial Statement Presentation and Accounting Policy 3)Module 3: Financial Performance 4)Module 4: Accounting for Assets & Liabilities 5)Module 5: Consolidation 6)Module 6: Cash Basis IPSAS



 



7)Module 7: First-Time Adoption of Accrual-Based IPSAS 8)Module 8: Forthcoming Proposals for Change

Many training institutes offer IPSAS training. However, Learners Point Academy is a pioneer institution providing IPSAS training and is considered one of the best institutions. 

Learners Point Academy is a pioneer institution for the IPSAS course for these reasons: 1)Certified Instructors 2)Affordable Pricing 3)Customized Training Programs 4)Flexible Dates 5)Accredited Training

To apply for IPSAS Certification, one must remember these points: 1) No specific degree is required 2) Having a basic understanding of financial reporting is recommended

The exam duration of IPSAS Certification is one hour.

The passing score to achieve IPSAS Certification is 60%.

Yes, online training is available for IPSAS.

After completing IPSAS training, individuals can choose to work in any of the following roles: 1)Financial Analyst 2)Auditor 3)Consultant 4)Accountant

The IPSAS course is important for individuals for these reasons: 1)Better Pay Package 2)Enhancing Skill Set 3)Global Recognition

IPSAS is based on the cash basis of accounting.

Yes, a course completion certificate is provided by our training institute Learners Point Academy after completion of the IPSAS Course.

The skills set one can learn after completion of IPSAS are as follows: 1)Problem-Solving 2)Cross Cultural Awareness 3)Emotional Intelligence

Our training is designed in such a manner that personal guidance and individual attention are provided to every individual who enrol for our course. 

Yes, IPSAS is globally recognized.

The target audiences for IPSAS are as follows: 1)Finance Staff 2)Trainers 3)External Auditors 4)Consultants

The major differences between the IFRS & the IPSAS Course are as follows: 1)IFRS primarily focuses on providing investors, lenders, and other users with knowledge about the overall financial performance and position 2)IPSAS Course  primarily provides information regarding the resources utilized by the entity and the cost of service delivery



 

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