# IFRS and IPSAS: Interpretation and Application

> Apply current IFRS and IPSAS standards correctly in financial reporting for private and public entities.

- **Provider:** Afriskora Training Solutions
- **Category:** Finance, Accounting & Audit
- **Duration:** 5 days
- **Formats:** classroom (cities across Africa), live virtual (Zoom/Teams), in-house for teams
- **Certificate:** Afriskora Certificate of Completion, verifiable online
- **Booking:** request dates and a quote; invoice and EFT payment
- **Web page:** https://afriskora.co.za/courses/finance-accounting-audit/ifrs-and-ipsas
- **Request dates:** https://afriskora.co.za/request-training?course=ifrs-and-ipsas

## Overview

This course updates accountants on key International Financial Reporting Standards and International Public Sector Accounting Standards, including recent changes. It focuses on practical application, disclosure and the transition from cash to accrual accounting in the public sector, with worked examples.

## Who should attend

- Accountants and financial reporting staff
- Auditors
- Public-sector finance officers
- CFOs and finance managers

## Learning outcomes

- Apply key IFRS standards to transactions
- Apply IPSAS in public-sector reporting
- Manage the move to accrual accounting
- Prepare compliant disclosures
- Stay current with standard updates

## Course outline

### Day 1: Framework and presentation

- Conceptual framework
- Presentation of financial statements
- Recent and upcoming changes
- IFRS vs IPSAS

### Day 2: Revenue, leases and assets

- IFRS 15 revenue
- IFRS 16 leases
- Property, plant and equipment
- Impairment

### Day 3: Financial instruments

- IFRS 9 classification
- Expected credit losses
- Hedging basics
- Disclosures

### Day 4: Public-sector specifics

- Non-exchange revenue
- Cash to accrual transition
- Consolidation in government
- Budget reporting

### Day 5: Practice and review

- Case studies
- Common audit findings
- Disclosure checklist
- Implementation plan