By Admin User

Cash to Accrual Transition - Year 2 - Complete (Archived)

• 2:24 total hours
• Featured

Completion of Year 1 Cash to Accrual Transition course recommended

• Apply accounting treatments for current liabilities including trade payables, deposits, prepayments, and employee provisions
• Apply accounting treatments for non-current assets including PPE additions, disposals, depreciation, and intangible assets development
• Apply adjustment entries for current assets including cash, receivables, and inventories in the Statement of Financial Position
• Master accrual accounting adjustments for revenue recognition, expense recognition, and gains/losses
• Apply IPSAS requirements to real-world transition scenarios and case studies
• Understand the components and structure of accrual-based financial statements
• Prepare transitional IPSAS financial statements including Statement of Financial Position
• Prepare accurate financial statements incorporating inventories and non-financial elements
• Implement transition procedures from Year 1 to Year 2 requirements
• Apply recognition criteria for non-financial liabilities
• Identify and classify non-financial assets in the public sector context
• Understand the principles of inventory recognition under accrual accounting

By Admin User

Cash to Accrual Transition - Year 2 - Part 1

• 2:35 total hours
• Featured

Completion of Year 1 Cash to Accrual Transition course recommended Note: This is Part 1 of the Year 2 course, covering Module 1 and Module 2.

• 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

By Admin User

Cash to Accrual Transition - Year 2 - Part 2

• 2:24 total hours
• Featured

Completion of Year 1 Cash to Accrual Transition course recommended Note: This is Part 2 of the Year 2 course. It is recommended to complete Part 1 first.

• Statement of Financial Position: Prepare and analyse a comprehensive statement of financial position incorporating all assets, liabilities, and net assets/equity in line with IPSAS requirements.
• Gratuity: Learn the recognition, measurement, and accounting treatment of gratuity obligations as employee benefits with practical examples.
• Financial Assets: Understand the examples of the financial assets common in the public sector
• PPE: Gain knowledge of the definition, recognition criteria, and measurement (historical cost or current value model) of PPE, including depreciation and impairment, with practical examples.
• Intangible Assets: Master the definition, recognition criteria, and measurement of intangible assets, including practical examples.
• Agriculture: Learn the definition, recognition criteria, and fair value measurement of biological assets and agricultural produce through practical examples.
• Leases: Understand the definition, recognition criteria, and measurement (right-of-use model) of leases with practical examples for lessees and lessors.

By Admin User

Introduction to Internal Audit

• total hours
• Beginner

Basic understanding of accounting and finance principles