1.1.

1 IPSAS Milestone 5 Financial Instruments

This two-day course provides an overview of the IPSASs related to the accounting of financial instruments. The covered IPSASs accounting and disclosure requirements are explained in clear, simple language and illustrated with model financial statements and real-world examples. Application of the standards is illustrated through the use of short case studies, questions and quizzes. This program answers questions such as:

What is an equity and financial instrument in the public sector? What are financial liability and a puttable instrument in the public sector? What are the differences between disclosure and recognition under IPSASs and IFRS/IAS? How to classify financial instruments in the public sector? What are the current and future developments regarding financial instruments under IPSASs? Where can guidance on the specific IPSASs are found? What practical issues commonly arise when implementing the specific IPSASs?

1.1.1.1 Prerequisites

Understanding of advanced accounting principles based on any national standards in the public sector. Knowledge of the related course IPSAS Foundation 3 and 4 is highly recommended. No advance preparation is required for this course.

1.1.1.2 Topics

IPSAS 15 Financial Instruments: Disclosure and Presentation Presentation Liabilities and Net Assets/Equity Classification of Compound Instruments by the Issuer Interest, Dividends, Losses and Gains Offsetting of a Financial Asset and a Financial Liability Disclosure Disclosure of Risk Management Policies Terms, Conditions and Accounting Policies Interest Rate Risk Credit Risk

Fair Value Financial Assets Carried at an Amount in Excess of Fair Value Hedges of AnticipatedFuture Transactions OtherDisclosures TransitionalProvisions IPSAS 28 Financial Instruments: Presentation Liabilities and Net Assets/Equity Compound Financial Instruments Treasury Shares Interest, Dividends, or Similar Distributions, Losses and Gains Offsetting a Financial Asset and a Financial Liability Transitional Provisions IPSAS 29 Financial Instruments: Recognition and Measurement Embedded Derivatives Recognition and Derecognition Measurement Hedging TransitionalProvisions IPSAS 30 Financial Instruments: Disclosures Classes of Financial Instruments and Level of Disclosure Significance of Financial Instruments for Financial Position and Financial Performance Nature and Extent of Risks Arising from Financial Instruments Transitional Provisions

1.1.1.3 Course Benefits

Understand the IPSAS requirements, including accounting policies and disclosures regarding financial instruments. Understand how to classify compound financial instruments. Guidance on how to disclose risk management policies regarding financial instruments.

1.1.1.4 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 in the Public Sector. Financial Controllers in the Public Sector.

1.1.1.5 Number of days and CPE Credits

This two days course is eligible for 16 CPE Credits.

Course IPSAS Milestone 5 IPSAS Milestone 5 IPSAS Milestone 5 IPSAS Milestone 5 IPSAS Milestone 5 IPSAS Milestone 5 IPSAS Milestone 5 Days 2 2 2 2 2 2 2 City Mumbai Singapore Miami Cairo Paris Accra Colombo Country India Singapore USA Egypt France Ghana Sri Lanka Start 27-6-2011 19-10-2011 10-10-2011 23-11-2011 7-11-2011 16-11-2011 7-12-2011 Finish 28-6-2011 20-10-2011 11-10-2011 24-11-2011 8-11-2011 17-11-2011 8-12-2011 Fee $1.500 $1.500 $1.500 $1.500 $1.500 $1.500 $1.500