Professional Qualifications
Advance Your Financial Skills with IPSAS Expertise
Why IPSAS
The IPSAS programme equips you with the necessary skills for the effective application of standards and improving public sector financial management.
Open doors to roles in Public Administration, Financial Resource Management, Auditing, and Financial Policy-making.
Covers a wide range of topics, providing practical skills in interpreting and applying IPSAS.
Internationally recognised standards that enhance your career mobility and credibility in the public sector.
Connects you with a global network of public sector professionals, offering valuable networking and professional development opportunities.
Emphasises ethical standards and professional behavior, strengthening your credibility with employers and colleagues.
Programme Overview
The IPSAS training programme is divided into two levels:
Covers IPSAS similar to International Financial Reporting Standards (IFRS).
- IPSAS 34: Separate Financial Statements
- IPSAS 2: Cash Flow Statements
- IPSAS 3: Accounting Policies, Changes in Accounting Estimates and Errors
- IPSAS 4: The Effects of Changes in Foreign Exchange Rates
- IPSAS 14: Events After the Reporting Date
- IPSAS 18: Segment Reporting
- IPSAS 20: Related Party Disclosures
- IPSAS 35: Consolidated Financial Statements
- IPSAS 36: Investments in Associates and Joint Ventures
- IPSAS 37: Joint Arrangements
- IPSAS 38: Disclosure of Interests in Other Entities
- IPSAS 5: Borrowing Costs
- IPSAS 26: Impairment of Cash-Generating Assets
- IPSAS 31: Intangible Assets
- IPSAS 12: Inventories
- IPSAS 19: Provisions, Contingent Liabilities and Contingent Assets
- IPSAS 39: Employee Benefits
- IPSAS 10: Financial Reporting in Hyperinflationary Economies
- IPSAS 43: Leases
Focuses on IPSAS that significantly differ from IFRS and are tailored to address public sector issues.
- IPSAS Conceptual Framework: Applicability of IPSAS
- IPSAS 1: Presentation of Financial Statements
- IPSAS 22: Disclosure of Financial Information about the General Government Sector
- IPSAS 24: Presentation of Budget Information in Financial Statements
- IPSAS 40: Public Sector Combinations
- IPSAS 17: Property, Plant and Equipment
- IPSAS 16: Investment Property
- IPSAS 21: Impairment of Non-Cash-Generating Assets
- IPSAS 32: Service Concession Arrangements: Grantor
- IPSAS 9: Revenue from Exchange Transactions
- IPSAS 23: Revenue from Non-Exchange Transactions (Taxes and Transfers)
- IPSAS 11: Construction Contracts
- IPSAS 28: Financial Instruments: Presentation
- IPSAS 29: Financial Instruments: Recognition and Measurement
- IPSAS 41: Financial Instruments
- IPSAS 30: Financial Instruments: Disclosures
- IPSAS 42: Social Benefits
- IPSAS 27: Agriculture
- IPSAS 33: First-time Adoption of Accrual Basis IPSAS
- RPG 1: Reporting on the Long-term Sustainability of an Entity’s Finances
- RPG 2: Financial Statement Discussion and Analysis
- RPG 3: Reporting Service Performance Information
What You Need to Know
- Employees in the public and wider public sector who need to apply IPSAS.
- Financial policy-makers in the public and wider public sector.
- Employees of auditing firms offering Accounting/Auditing Services to the public and wider public sector.
- Individuals seeking to work in the public and wider public sector with IPSAS knowledge.
- For more information, please visit the official IPSAS website.
- Seminars focus on IPSAS examination and offer the option to attend either both levels or one, based on knowledge and needs.
- Seminars are independent; therefore, candidates can attend in any order they wish.
Proof of Knowledge:
Certifies proficiency in IPSAS application.
Professional Recognition:
Enhanced professional recognition and opportunities.
Prerequisites:
Success in exams of recognised professional accounting bodies (e.g., ACCA, ACA).
Process:
Exam on Level 2 IPSAS for the Level 6 Diploma from TQUK.
Alternative:
Exams on both levels for those without recognised certification.
Title Use:
Right to use the Dip IPSAS title next to your name.
Requirements:
Attend at least 75% of sessions.
Additional Credits:
47 CPD units for full attendance.
Recognition:
Certified by Ofqual, England.
Purpose:
Official certification and recognition of IPSAS knowledge.
Process:
Exam prepared by SPS and approved by TQUK.
Candidates will receive notes in English with important terminology listed in Greek. These notes have been prepared by the SPS instructor, an expert in IPSAS topics. (The notes are in English for those who wish to sit the English examination to obtain the Level 6 Diploma in International Public Sector Accounting Standards (Dip IPSAS).
The notes will be used during the seminar and include practical examples and interactive exercises that will significantly facilitate the participants’ better understanding of the content. Additionally, the notes refer to the revised accounting policies prepared by the General Accounting Office of the Republic of Cyprus.
Candidates may, if they wish, download for their reference the Handbook of International Public Sector Accounting Pronouncements issued by the International Public Sector Accounting Standards Board (IPSASB).
You can find the handbook here
The teaching method will be hybrid, allowing candidates to attend the class either in person or remotely. The classes will be recorded, and the recordings will be available until the completion of the study programme. This provides candidates the option to review the material presented by the instructor at their own pace, ensuring better coverage of their educational needs.
