IPSAS - Accrual Basics

Cover image: property of the UN

This course introduces participants to the basic working-level accrual accounting concepts and principles that underpin IPSAS, the financial statements required by IPSAS and the elements of those statements. 

Course objectives

By the end of this course, you will be able to:

• State the purpose of accounting.
• Explain how full accrual accounting under IPSAS differs from the cash, modified cash, and modified accrual bases.
• Identify the five key elements of the financial statements.
• Summarize how the treatment of each key element under IPSAS differs from UNSAS.
• Name the five financial statements required by IPSAS and explain the importance of each.
• Discuss key areas of change.