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Courses / Finance and Accounting Courses

Latest Government Accounting Standards

Online

Duration: 3 to 21 training days
Delivery: Online

About the Program

The Latest International Public Sector Accounting Standards program introduces participants to accounting standards and their relationship with local systems. It covers how international accounting standards are set, their importance and benefits, the changes and amendments made to them in response to financial crises, the general framework of international public sector accounting standards, and the requirements for applying them in government accounting.

Program Objectives

  1. Learn about international accounting standards, their origins and the bodies that issue them.
  2. Understand the relationship between international standards and local accounting systems.
  3. Grasp the general framework of public sector accounting standards.
  4. Learn the main standards and their effect on government financial statements.
  5. Understand the requirements and stages of moving to the accrual basis.

What you will learn

  • Explain the importance of international accounting standards and the benefits of applying them.
  • Identify the main differences between the cash and accrual bases.
  • Apply the requirements of key standards to practical cases.
  • Read government financial statements prepared under international standards.
  • Take part in your organisation’s transition plan to international standards.

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