Module 2: Assets

Description

This module provides a structured exploration of key International Public Sector Accounting Standards (IPSAS) that govern the recognition, measurement, and disclosure of assets  and related transactions in the public sector. The training is designed to strengthen participants’ technical knowledge and practical application of IPSAS in financial reporting.

Topics Covered

IPSAS 12 – Inventories. IPSAS 16 – Investment Property
IPSAS 21 – Impairment of Non-Cash-Generating Assets
IPSAS 26 – Impairment of Cash-Generating Assets
IPSAS 27 – Agriculture
IPSAS 31 – Intangible Assets
IPSAS 32 – Service Concession Arrangements: Grantor
IPSAS 43 – Leases
IPSAS 45 – Property, Plant and Equipment
IPSAS 51 – Tangible Natural Resources Held for Conservation

Learning Outcomes

By the end of this module, participants will:

Understand the principles underpinning IPSAS standards related to assets.

Apply impairment testing methodologies for both cash-generating and non-cash-generating assets.

Gain practical insights into specialized areas such as agriculture, leases, and service concession arrangements.

Strengthen their ability to prepare transparent, compliant financial statements in line with IPSAS.