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Event Details

About

Introduction

This three-day course gives delegates an overview of the concepts of governmental accounting. For financial and non-financial professionals and officers working at the government, this course will give them a good understanding of the concepts of financial accounting, budgeting, control and auditing in a governmental environment. 

Apart from the differences between accounting for business and governments, this course also gives and insight in the key phases of the budget cycle and how budgets can enhance  control. It gives an understanding of how governments use the modified accrual basis, how the different sources of revenue (such as taxes, nonexchange revenues, investment gains, 

interests and dividends, and voluntary nonexchange revenues) and expenditures (such as wages and salaries, pensions and other postemployment benefits, claims and judgments, prepayments and non-exchange expenditures) should be accounted for.

Also the course gives an insight in how to account for capital projects and debt service.  

Delegates will gain an understanding of the differences between permanent funds and fiduciary funds, including specifically Postemployment benefits. The course looks into the role accountants play in the management cycle of governments and the characteristics of sound operational objectives. Delegates will learn how program budgets relate expenditures to operational objectives.

Participants learn how the audits of governments and not-for-profits differ from those of businesses and what approach auditors generally take in performing audits. 

The course also includes pronouncements from the International Public Sector Accounting Standards Board (IPSASB), which focuses on the accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. 

Prerequisites

  • None, practical experience in Public Sector Accounting is beneficial.

Topics

The course gives answer to questions like:

  • How do governments compare with businesses?
  • What other characteristics of governments have accounting implications?
  • Why are performance budgets necessary?
  • How does encumbrance accounting prevent overspending?
  • What issues are critical as to Investments in marketable securities and other financial instruments?
  • What constitutes a governments’ long-term bond?
  • Should business type activities be accounted for differently than governmental activities?
  • What are permanent funds and how are they distinguished from fiduciary funds?
  • How does a defined contribution plan differ from a defined benefit plan?
  • How can a government’s fiscal condition be assessed?
  • What are split interest agreements and how should they be accounted for?
  • How are capital expenditures planned and budgeted within a framework of 
  • operational objectives?
  • What types of audits do governments conduct?
  • What reports result from single audits?

Delegates for this course are encouraged to raise questions and interact with other delegates; therefore learning from the practical experiences of working at the government or for a public sector entity.

The program covers the following topics:

  • The Government Environment.
  • Fund Accounting.
  • Budget and Control.
  • Recognizing revenues in Government Funds.
  • Recognizing Expenditures in Governmental Funds.
  • Accounting for Capital Projects and Debt Service.
  • Fiduciary Funds and Permanent Funds.
  • Issues of Reporting, Disclosure and Financial Analysis.
  • Managing for Results.

Course Benefits

  • Understand the differences between accounting for profit entities and entities in the public sector.
  • Have knowledge and understanding of the accounting concepts of the government sector.
  • Have knowledge of budgeting in the Public Sector.
  • Understand the management cycle of governments and the characteristics of sound operational objectives. 
  • Understand how program budgets relate expenditures to operational objectives.
  • Have knowledge of how the audits of governments differ from those of businesses and what approach auditors generally take in performing audits.

Who should attend?

This course is especially interesting for:

  • Any professional in a Finance Position in the Public Sector.
  • Auditors and Accountants serving the Public Sector.
  • Consultants serving the Public Sector.
  • Chief Accountants.
  • Public Sector Finance Directors.
  • Heads of Finance in the Public Sector.
  • Finance Managers.
  • Financial Controllers.

Number of days and CPE Credits

This three days course is eligible for 18 CPE Credits.Governmental 

About us

We are a global emerging training company, dedicated to give first-class international trainings to professionals. We constantly improve and develop our trainings based on the feedback we get and new developments happening around the globe. Started off in March 2009 we have slowly become a strong provider in a niche market. 

Our firm is dedicated and specialized in providing training courses and consultancy services, across the globe. We offer public courses on International Public Sector Accounting Standards (IPSAS), as well as tailor-made in-house trainings and public courses.

In our consulting engagements we always find it key to transfer knowledge; we have excellent skills to work with people of different cultural backgrounds and education. This is what we find important when working on a project: learn from all participants and transfer knowledge to make a lasting improvement and obtain sustainable results.

We don’t believe in investing huge amounts in bricks and overhead; our key asset is our staff. We therefore invest most in training materials; evaluate each and every training thoroughly to have it updated as soon as it needs to be delivered again. 

This has been our strongest asset and has been recognized by our clients.

Our values

As a company, and as individuals, we value integrity, honesty, openness, personal excellence, constructive self-criticism, continual self-improvement, and mutual respect. We are committed to our customers and partners and have a passion for training. 

We take on the big challenges, and pride ourselves on seeing them through and develop our trainings. We hold ourselves accountable to our customers, shareholders, partners, and employees by honoring our commitments, providing results, and striving for the highest quality and ethics. If this means we may have to refuse a prospect or discontinue our relationship, we will accept this at all cost and effort.

We believe in global market with local presence, that is why we continuously seek for local partnerships. Our people and our clients define what we can do and how we show do it.

Unique selling points

We believe that training is not only about the exchange of knowledge, between both the facilitator and the delegates, but also a unique opportunity to meet likeminded professionals. Our training experiences therefore differentiate with other courses, by including:

  • A full set of contact details of all delegates (unless delegates have indicated not to share)
  • A photo-session of all delegates.
  • All our courses are eligible for CPE-credits, based on our course descriptions and certificates issued, as endorsed by the Royal Netherlands Institute of Chartered Accountants.
  • All our courses are located in known branded locations such as Marriott, Best Western, Novotel, Hilton or Golden Tulip.
  • Apart from lunches during the training sessions, we offer one complimentary dinner with all the delegates on the last day.
  • Our courses include one social event, varying on the location and 
  • season.
  • All delegates receive soft copies of all materials on a personal USB-flash drive, apart from a course binder and an international reference or exercise  book.
  • All delegates of an  IPSAS course receive a complimentary copy of the current IPSAS Handbook issued by the IPSAS Board.
  • Our public courses have a maximum of 12 delegates.
  • We always have two facilitators to conduct our highly interactive courses, irrespective the size of the training group.
  • All our courses are updated after having received the feedback and based on current developments.

For more information visit www.pahladsingh or email us at info@pahladsingh.in and info-india@pahladsingh.in. 

See our website for our cancellation policy.

Contact

Mr. Kamhall Jhangiani, info-india@pahladsingh.in, 00919833740760

Prince Osei-Tutu
PD-Group Ltd
No: 6 Lagos Ave.East Legon,
P.O.Box SK 82, Sakumono.
Accra
Ghana
Telephone: +233 302 942187
Cell:+233264888317
Email: info-ghana@pahladsingh.in

www.pahladsingh.in/images/Governmental-AccountingPublic-Sector-Accounting-A-Management-Perspective-Miami-January-2012.pdf

Schedule

May 13, 2013 — 9:00 am to
May 15, 2013 — 5:00 pm

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Venue

TBD
Dubai, United Arab Emirates

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