Government agencies around the world are facing increasing pressure to be more accountable for their public budgets and to produce accurate, meaningful and transparent financial statements. There are also substantial shortcomings in financial reporting practices in the public sector emphasizing the need for comprehensive, reliable, and timely financial reporting by governments. Government entities ought to provide legislators, citizens’ and other stakeholders with information required to make effective financial decisions and to hold governments and their agencies accountable for their performance. This training on International Public Sector Accounting Standards (IPSAS) enables public sector entities to show clear accrual accounting and budgeting techniques and demonstrate results-based monitoring and reporting.
Course benefits
By the end of this training Participants should be able to;
- Appreciate the benefits of IPSAS adoption for the Organization and for stakeholders
- Apply IPSAS to the organization’s accounting practices and process to ensure a complete and accurate view of an entities operations and performance
- Promote increased transparency and meet the international requirements of banks and donors and multi-lateral agencies
- Achieve greater transparency within the organization regarding your use of primary resources and resulting liabilities
- Develop a strong perfomance based management systems in the organisation.
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