Financial Reporting for Public Sector Compliance

Upcoming Schedules

Date	Venue	Duration	Fee (USD)
27 Jan - 31 Jan 2025	Live Online	5 Day	2750
31 Mar - 04 Apr 2025	Live Online	5 Day	2750
28 Apr - 02 May 2025	Live Online	5 Day	2750
02 Jun - 06 Jun 2025	Live Online	5 Day	2750
28 Jul - 01 Aug 2025	Live Online	5 Day	2750
29 Sep - 03 Oct 2025	Live Online	5 Day	2750
20 Oct - 24 Oct 2025	Live Online	5 Day	2750
08 Dec - 12 Dec 2025	Live Online	5 Day	2750

Course Overview

In today’s rapidly evolving financial landscape, public sector organizations face increasing pressure to uphold transparency, accountability, and efficiency in financial reporting. The Financial Reporting for Public Sector Compliance training by Pideya Learning Academy is designed to equip professionals with the expertise needed to implement best practices in financial management and reporting. This comprehensive program aligns with International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), which have become essential frameworks for public sector financial accountability worldwide.
Recent data from the International Federation of Accountants (IFAC) reveals that over 80% of governments globally are transitioning to accrual-based accounting systems in compliance with IPSAS to enhance financial reporting and decision-making. This shift is critical for ensuring accuracy in financial data, strengthening governance, and fostering public trust. However, many professionals encounter challenges in implementing these standards due to their complexity and the dynamic regulatory environment. This training bridges that gap by offering a structured, hands-on approach to understanding IFRS and IPSAS principles and their real-world applications.
Throughout the course, participants will explore key aspects of financial statement preparation, compliance measures, risk management strategies, and performance analysis techniques. They will develop a deep understanding of financial policies and regulatory requirements, enabling them to navigate the complexities of public sector financial reporting with confidence.
Key highlights of this Pideya Learning Academy training include:
A comprehensive overview of IFRS and IPSAS frameworks and their impact on public sector financial reporting.
Best practices for preparing and analyzing financial statements in compliance with international standards.
Strategies for identifying and managing financial risks within public entities.
Techniques for implementing effective budgeting, forecasting, and cost control measures.
Strengthening internal financial controls to enhance transparency and accountability.
Performance measurement techniques tailored for public sector financial management.
Case studies and real-world scenarios demonstrating practical applications of IFRS and IPSAS principles.
By the end of this course, participants will have gained the necessary expertise to enhance financial integrity, improve operational efficiencies, and drive sustainable financial management practices within public institutions.

Key Takeaways:

A comprehensive overview of IFRS and IPSAS frameworks and their impact on public sector financial reporting.
Best practices for preparing and analyzing financial statements in compliance with international standards.
Strategies for identifying and managing financial risks within public entities.
Techniques for implementing effective budgeting, forecasting, and cost control measures.
Strengthening internal financial controls to enhance transparency and accountability.
Performance measurement techniques tailored for public sector financial management.
Case studies and real-world scenarios demonstrating practical applications of IFRS and IPSAS principles.

A comprehensive overview of IFRS and IPSAS frameworks and their impact on public sector financial reporting.
Best practices for preparing and analyzing financial statements in compliance with international standards.
Strategies for identifying and managing financial risks within public entities.
Techniques for implementing effective budgeting, forecasting, and cost control measures.
Strengthening internal financial controls to enhance transparency and accountability.
Performance measurement techniques tailored for public sector financial management.
Case studies and real-world scenarios demonstrating practical applications of IFRS and IPSAS principles.

Course Objectives

Upon completing the Pideya Learning Academy training, participants will be able to:
Understand the fundamental principles and applications of IFRS and IPSAS in public sector financial management.
Develop proficiency in preparing, analyzing, and interpreting financial statements for public entities.
Identify and manage financial risks while ensuring compliance with international accounting standards.
Implement effective budgeting, forecasting, and cost control strategies.
Strengthen internal financial control mechanisms to enhance transparency and accountability.
Apply performance measurement tools for improved financial reporting and management in the public sector.

Personal Benefits

Participants will personally benefit from this course by:
Gaining in-depth knowledge of IFRS and IPSAS applications in the public sector.
Enhancing their ability to prepare and analyze financial statements.
Increasing confidence in financial decision-making and risk management.
Expanding career opportunities within the public sector and financial management roles.
Networking with industry peers and financial experts.

Organisational Benefits

Who Should Attend

This course is ideal for:
Financial Controllers, Accountants, and Auditors working in the public sector.
Finance Managers and Directors in governmental agencies.
Professionals involved in public sector budgeting, reporting, and compliance.
Public sector regulators and policymakers.
Internal auditors and compliance officers.
Consultants providing financial advisory services to public institutions.
By enrolling in this Pideya Learning Academy training, professionals will develop the skills needed to enhance financial governance, ensure compliance with international standards, and drive efficiency in public sector financial management.

Course Outline

Module 1: Fundamentals of International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards (IFRS)

Overview of International Public Sector Accounting Standards (IPSAS) and IFRS Objectives and Scope of IPSAS and IFRS Frameworks Importance of Standardization in Public Sector Financial Reporting Comparative Analysis of IFRS and IPSAS Frameworks Regulatory Compliance and Public Sector Governance Strategic Roadmap for IPSAS Implementation Impact of Global Trends on Public Sector Financial Reporting

Module 2: Public Sector Financial Statements Preparation and Presentation

Structure and Components of Public Sector Financial Statements Recognition and Measurement of Assets and Liabilities Public Sector-Specific Reporting Requirements Preparation of Balance Sheet, Income Statement, and Cash Flow Statement Consolidation of Financial Statements for Government Entities Accounting for Fixed Assets, Intangible Assets, and Lease Agreements Disclosure and Compliance Requirements under IPSAS Financial Statement Notes and Their Interpretation

Module 3: Public Sector Budgeting, Financial Planning, and Forecasting

Budget Formulation and Approval Process in the Public Sector Public Sector Budgeting Techniques and Approaches Line-Item Budgeting Zero-Based Budgeting (ZBB) Performance-Based Budgeting (PBB) Medium-Term Expenditure Framework (MTEF) Financial Forecasting for Revenue, Expenditures, and Liabilities Variance Analysis and Budget Adjustments Cost Control Strategies and Resource Allocation Optimization Transparency and Accountability in Budgeting Practices Multi-Year Budgeting and Long-Term Financial Planning

Module 4: Financial Risk Management in the Public Sector

Identification and Assessment of Public Sector Financial Risks Regulatory and Compliance Risk Mitigation Strategies Internal Control Mechanisms for Risk Prevention Public Sector Fraud Detection and Prevention Techniques Ethical Considerations in Public Finance Management Governance and Oversight for Risk Management Audit Procedures for Assessing Financial Risks

Module 5: Performance Measurement, Financial Reporting, and Sustainability

Key Performance Indicators (KPIs) in Public Sector Financial Management Evaluating Financial and Operational Performance Integrated Reporting for Financial and Non-Financial Performance Public Sector Sustainability Reporting Benchmarking Financial Performance Against Best Practices Enhancing Public Accountability Through Performance Audits Stakeholder Engagement and Transparent Financial Reporting

Module 6: Strengthening Internal Controls and Ensuring Compliance

Establishing Effective Internal Control Frameworks Role of Internal Audits in Public Financial Management Ensuring Compliance with IPSAS, IFRS, and Regulatory Standards Addressing Audit Findings and Implementation of Corrective Actions Ensuring Data Integrity, Accuracy, and Financial Transparency Governance Mechanisms for Strengthening Accountability

Module 7: Public Sector Procurement and Contract Financial Management

Procurement Process and Financial Implications in the Public Sector Financial Controls in Procurement and Contract Execution Managing Supplier Relationships and Contractual Obligations Ensuring Regulatory Compliance in Public Procurement Cost Control and Value-for-Money Procurement Strategies Auditing and Monitoring Procurement Activities Risk Mitigation in Public Sector Procurement

Module 8: Capital Project and Asset Financial Management

Accounting for Public Sector Capital Projects Under IPSAS Infrastructure Investment and Capital Budgeting Lifecycle Management of Public Assets Depreciation, Impairment, and Disposal of Public Sector Assets Reporting Capital Expenditures and Cost-Benefit Analysis Evaluating Project Viability Through Financial Analysis Sustainability and Green Financing in Public Sector Investments

Module 9: Digital Transformation and Technology in Public Financial Management

Adopting Digital Tools for Public Sector Financial Reporting Automation of Financial Data Collection and Reporting Utilizing Data Analytics for Informed Decision-Making Implementation of Public Sector Financial Management Information Systems (FMIS) Cybersecurity and Data Protection in Public Finance Emerging Technologies: AI, Blockchain, and Cloud Computing in Financial Management Future Trends in Digital Public Sector Financial Governance

Module 10: Ethical Standards, Governance, and Accountability in Public Finance

Ethical Considerations in Government Financial Management Building a Culture of Financial Transparency and Accountability Managing Conflicts of Interest in Public Finance Regulatory and Legislative Frameworks for Public Sector Ethics Whistleblowing Mechanisms and Fraud Prevention Policies Best Practices for Upholding Public Trust in Financial Governance

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