IPSAS Certification in Nigeria

IPSAS Certification in Nigeria plays a crucial role in maintaining the trustworthiness of financial reports, ensuring high-quality standards. These standards, known as the International Public Sector Accounting Standards (IPSAS), serve as reliable guidelines for transparent financial reporting.

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

The IPSAS Certification in Nigeria is a set of guidelines developed by the IPSAS Board. It focuses on accrual-based and cash-based accounting. These standards are crucial for public sector entities globally. This aids in the creation of accurate financial statements. Achieving IPSAS Certification in Nigeria guarantees strict adherence to these robust standards. The certified professionals ensure integrity in financial reporting.

Why is This IPSAS Certification in Nigeria Important?

IPSAS Certification in Nigeria is a globally recognized certification. Developed by an independent global accounting body, it stands as the benchmark for public sector financial accounting and reporting. It is the gold standard, emphasizing comprehensive presentation covering assets, liabilities, and expenses in public sector financial reports. 

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

IPSAS standards are designed to elevate the quality of financial reporting. Obtaining IPSAS Certification in Nigeria enhances transparency and accuracy in financial data for public entities. It provides a strong foundation for evaluating both current and previous financial performance.

Industry Trends

The increasing need for transparent and accountable government financial reporting has increased the widespread adoption of IPSAS. IPSAS Certification in Nigeria opens doors to various opportunities in the market, underscoring its importance in the financial landscape. 

Market trends

Amid the significant impact of COVID-19 on public finances, IPSAS Certification in Nigeria has gained importance. About 11% of relevant jurisdictions fully embrace IPSAS. The industry foresees approximately 135,000 annual job openings for accountants, making it an appealing choice for professionals.

Salary Trends

Acquiring certifications boosts the value and career opportunities for accounting professionals. This certification not only enhances career mobility but also increases earning potential. Upon completing the course, individuals can earn an annual salary of NGN 2,936,260.

Demand & Opportunities

The increasing global acceptance of IPSAS has created a demand for IPSAS Certification in Nigeria. This certification guarantees the competence needed for relevant roles, simplifying access to the growing opportunities in the field.

 

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

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

Course Outcome

Successful completion of the IPSAS Certification in Nigeria will enable you to:

  • Master proficiency in the accrual-based IPSAS framework and its essentials
  • Understand the fundamental values that consist of IPSAS
  • Apply IPSAS recognition and measurement rules for assets
  • Learn to 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 in Nigeria, at Learners Point we help professionals master the necessary skill sets to complete the IPSAS Certification.

Following are the USPs our IPSAS Certification in Nigeria 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 in Nigeria 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

“Learners Point's IPSAS Certification was a career-defining move for me. The course content, coupled with personalized guidance, made the learning experience enriching. It's an investment that pays off in career growth.”

Shabir Seikh

Financial Analyst

“IPSAS Certification opened doors to new opportunities for me. The Learners Point course not only covered the theoretical aspects but also provided insights into the practical application of IPSAS standards. Highly recommended.”

Nazim Deol

Accounting Lead

"The IPSAS training at Learners Point is unmatched. The instructors are knowledgeable, and the practical case studies prepared me for real-world challenges. It's a must for professionals aiming to stand out in the financial sector."

Devika Naik

Internal Auditor

"Completing IPSAS Certification in Nigeria at Learners Point was a transformative experience. The comprehensive course structure, coupled with expert guidance, equipped me with the skills needed for global roles in financial accounting."

Rensil D’Costa

Finance Officer

"The IPSAS Certification at Learners Point exceeded my expectations. The hands-on approach and real-world scenarios provided a practical understanding. It's a game-changer for anyone aspiring to excel in public-sector financial management."

Henry D’Silva

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 in Nigeria

The IPSAS Certification in Nigeria holds global recognition, aligning with international accounting standards. It boosts the profile of public financial management experts, preparing them for global roles.
Learners Point's IPSAS Certification training in Nigeria is interactive, immersive, and hands-on. Choose from three delivery modes: instructor-led classroom coaching, one-to-one training, or live online sessions for flexibility and convenience.
Upon registration for IPSAS Certification in Nigeria, candidates have the option for a full refund if they choose not to proceed with the training. A written refund request within two days of registration ensures approval and processing. Reimbursement, from the withdrawal date, will be completed within four weeks.
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