Cert IPSFR

Online learning programme designed to help you meet the demands of public sector financial reporting.

What is the Cert IPSFR?

Level: Certificate
Duration: 12 months access
Cost: £595 + VAT
Dates: Anytime

A certificate-level, online learning and assessment programme that provides a practical insight into two sets of standards - international financial reporting standards (IFRSs) and their public sector equivalents, international public sector accounting standards (IPSASs).

CIPFA and ICAEW have combined their expertise in developing the Cert IPSFR, to ensure that if you work in or advise the public sector, you are prepared for the impact of these international reporting frameworks. While supporting both direct IPSASs adoption and implementation of IFRSs modified for the public sector, the programme provides knowledge what will help guide you and your organisation throughout, and beyond, the transitional and embedding period.

Certificate in International Public Sector Financial Reporting brochure (PDF 649KB/4 pages)

Syllabus

Module 1

Financial reporting context

Module 2

IFRS framework

Module 3

Presentation of financial statements

Module 4

Accounting policies

Module 5

Cash flow statements

Module 6

Presentation of budget information in the financial statements

Module 7

Revenue from exchange transactions

Module 8

Revenue and expenditure from non-exchange transactions

Module 9

Inventories

Module 10

Property, plant and equipment

Module 11

Borrowing costs

Module 12

Government grants

Module 13

Non-current assets held for sale

Module 14

Investment property

Module 15

Intangibles

Module 16

Leases

Module 17

Service concession arrangements

Module 18

Impairment

Module 19

Provisions and contingencies

Module 20

Employee benefits

Module 21

Retirement benefit plans

Module 22

Financial instruments

Module 23

Consolidation

Module 24

Entity combinations

Module 25

Associates

Module 26

Joint ventures

Module 27

Operating segments

Module 28

Related party disclosures

Module 29

Disclosure of information about the general government sector

Module 30

Events after the reporting date

Module 31

Foreign exchange

Module 32

Hyperinflationary economies

Module 33

First-time adoption

Module 34

Taxation

Module 35

Interim reporting

Module 36

Earnings per share

Module 37

Construction

Module 38

Mineral resources

Module 39

Insurance

Module 40

Agriculture

Module 41

Concordance and further reading

Who is it for?

The Cert IPSFR will benefit anyone who requires an understanding of international financial reporting standards within the public sector.

In particular it is suitable for:

accountants and finance staff at all levels involved in the preparation of financial statements
IFRS and IPSAS implementation and maintenance teams
internal auditors and consultants dealing with financial reporting
trainers wishing to refresh their knowledge of the standards

Develop specialist knowledge

Developed by public sector financial reporting experts, the Cert IPSFR provides a comprehensive overview of IFRSs and IPSASs and will develop your knowledge and expertise in this important area. You will be able to:

understand and apply IFRSs and IPSASs principles, concepts and knowledge;
assess the standards’ impact across your organisation;
embed the standards within your organisation;
make informed decisions and provide practical advice; and
produce and interpret financial statements and information.

Flexible learning

The programme is available online, providing flexible and self-taught learning so you can study at a convenient time for you. You will receive access to the programme for 12 months, which will give you:

41 modules with illustrations and examples to help you understand and apply the standards. Each module is supported by a set of practice questions that you can take when you finish each module. The practice questions will help you put theory into practice and implement immediately in your workplace. You can also test your knowledge in preparation for the final online assessment;
quarterly updates that will bring your knowledge right up to date. While not forming part of the assessment, you will have access to technical updates throughout your 12-month access; and
the opportunity to demonstrate your understanding and knowledge in public sector financial reporting by taking the online assessment. It contains 60 multiple questions and is two hours long. You can take the assessment at anytime and you will receive your results immediately. On successful completion, you can download and print your CIPFA and ICAEW recognised certificate.

Key topics covered in the programme

Topics covered in the programme are:

Context of IFRSs and IPSASs
Financial statement presentation
Funding, revenue and expenditure
Asset and liability reporting
Entity consolidation and combination
Disclosure and other matters

Certificate in International Public Sector Financial Reporting (Cert IPSFR)