Cash to Accrual Transition - Year 2 - Part 1

Cash to Accrual Transition in Kenya - Year 2 - Part 1

2:35 hours 21 lectures Updated Jan 2026
Course Introduction
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Cash to Accrual Transition - Year 2 - Part 1

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This course includes:
  • 2:35 hours of content
  • 21 lectures
  • Full lifetime access
  • Access on mobile and desktop
  • Certificate of completion

What you'll learn

  • Identify and account for different inventory types in public sector
  • Prepare financial statements with inventory components
  • Apply inventory costing methods (FIFO, Weighted Average)
  • Master IPSAS 12 inventory recognition and measurement
  • Understand the transition from Year 1 to Year 2 accrual accounting

Course Description

Part 1 of the Year 2 Cash-to-Accrual Transition course focuses on building essential foundations for public sector entities.

Module 1: Introduction to Year 2 Transition
Provides a comprehensive overview of the transition process, building on Year 1 concepts and preparing entities for advanced accrual accounting requirements.

Module 2: IPSAS 12 - Inventories
Covers inventory recognition, measurement, and disclosure requirements. Learn to apply costing methods (FIFO, Weighted Average) and prepare financial statements with proper inventory components.

This course combines theoretical knowledge with practical exercises and real-world examples from Kenyan public sector entities.

Course Content

2 modules • 21 lectures
1
Module 1: Introduction to Year 2 Transition
12 lectures
  • 1.1 Overview of Year 2 Transition
  • 1.2 Year 2 Focus: Three Core Asset Categories
  • 1.3 Implementation Approach
  • 1.4 Critical Success Factors
  • 2.1 Scope Definition
  • 2.2 Specific Objectives with Success Criteria
  • 2.3 Expected Outcomes
  • 2.4 Alignment with National Development Goals
  • 3.1 Legal and Regulatory Framework
  • 3.2 Applicable IPSAS Standards
  • 3.3 Institutional Roles and Responsibilities
  • 3.4 Compliance Requirements and Monitoring
  • 1.1 Definition & Scope: Defining "Inventory"
  • 1.2 The Measurement Rule: Two-Track System
  • 1.3 Components of Inventory Cost
  • 1.4 Cost Formulas: FIFO and Weighted Average
  • 1.5 Measurement Techniques: Standard Cost and Retail Method
  • 1.6 Accounting Basis: The Shift from Cash to Accrual
  • 1.7 Special Measurement Situations
  • 1.8 Disclosure Requirements
  • 1.9 Knowledge Check: IPSAS 12 Quiz

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