IPSAS ACCRUAL & IFRS
OVERVIEW OF CERTIFICATION COURSE IN IPSAS
The diversities in practice of accounting and reporting in the Public sector is affecting the Pragmatic (effect of language), Semantic (meaning of language) and Syntactic (symbols and grammatical rules) of the reporting language globally. International Public Sector Accounting Standards (IPSAS) is a provision to ensure that Accountants in the Public sector entities communicate in a uniform reporting language, globally. Professionals who fail to meet the challenges of globalization of accounting standards stand the risk of being out-dated in the practice of accounting.
International Public Sector Accounting Standards (IPSAS) are high quality global financial reporting standards for application by public sector entities other than Government Business Enterprises (GBEs).
OVERVIEW OF CERTIFICATION COURSE IN IFRS
Financial services is transcending national boundaries and becoming global. Professionals require training to universal educational levels; utilize even more harmonized accounting and business standards and report in US$ as well as their local currencies. The losers will be nations, enterprises and professionals who fail to meet the challenges of globalization.
International Financial Reporting Standards (IFRS) is a set of standards promulgated by the International Accounting Standards Board (IASB), an international standard-setting body based in London, United Kingdom. The IASB places emphasis on developing standards based on sound, clearly-stated principles, on which interpretations may be required (sometimes referred to as principles-based standards).