GRAP/IPSAS : Application, Interpretation And Analysis

The aim is to enhance participants’ technical knowledge of GRAP/IPSAS principles and improve their ability to interpret and apply data from public financial statements. Each day will feature focused sessions that blend theory with practical examples to ensure that participants gain the necessary skills for real-world application.

Course Information

Day 1: Foundation of GRAP/IPSAS and Financial Statements

Participants will be able to prepare and present financial statements, including cash flow statements, in compliance with GRAP.
Understanding the accounting treatment of borrowing costs, investments in associates, and interests in joint ventures.

Day 2: Revenue Recognition, Provisions, and Specific Asset Classes

Participants will be able to apply GRAP/IPSAS to revenue recognition, inventories, leases, provisions, and related party transactions.
Improved understanding of agricultural accounting and related party disclosures.

Day 3: Employee Benefits, Hyperinflation, and Specialized Accounting Topics

Participants will be able to account for employee benefits, hyperinflation adjustments, construction contracts, and decommissioning liabilities under GRAP/IPSAS.
Gained understanding of handling complex revenue transactions like barter exchanges and loyalty programs

Day 4: Special Topics and Linkages Between Accounting and Economic Frameworks

Participants will be able to apply GRAP/IPSAS to specialized topics such as non-cash asset distributions, heritage assets, and related party transactions.
Understanding the linkages between accounting data and economic statistics in the public sector.

Day 5: Application, Interpretation, and Review

Participants will have enhanced skills in interpreting and analyzing public financial statements under GRAP/IPSAS.
Greater understanding of applying GRAP/IPSAS to improve the quality of public finance statistics and link accounting data with economic-statistics frameworks.

This comprehensive outline ensures all the specified topics are covered, and participants gain both technical knowledge and practical skills that are essential for interpreting, applying, and enhancing public sector financial reporting.