CERTIFIED IPSAS PROFESSIONAL

Mike is a UK Chartered Accountant, US Certified Public Accountant and Certified Financial Analyst (CFA) and an expert facilitator specializing in IFRS, US GAAP and IPSAS. He has a long track record of delivering tailor made training solutions around the world with more than 20 years of experience spanning the Big 4 accounting firms as well as private and public entities. Mike is responsible for the design and development of various IFRS, IPSAS and US GAAP training courses around the world from fundamental to advanced stages and has delivered workshops in most continents and across a wide range of cultures.Mike was the co-founder, course designer, examiner and facilitator for the US GAAP Diploma for Chartered Accountants Ireland from 2008 to 2010. He co-authored a complete set of training materials in US GAAP. Delegates on this program were experience qualified accountants that attended 20 days of training to comprehensively cover US GAAP standards and pronouncements. Over the past four years, he has delivered more than 300 training days training for the Institute of Chartered Accountants of England and Wales (ICAEW) in Bangladesh (IFRS), Cambodia (IFRS & IPSAS), Ghana (IFRS), Korea (IFRS) Nigeria (IFRS), Myanmar (IFRS & IPSAS), Philippines

(US GAAP, IFRS and COSO control framework), Sri Lanka (IFRS), and Tanzania (IFRS & IPSAS). During a three year period, he personally provided 200 training days to the majority of NATO finance staff, developed key sections of the IPSAS (IFRS equivalent for the public sector) NATO specific accounting manual, and served as a technical advisor on NATO implementation issues.He has developed a 6 week IFRS training program in IFRS under a World Bank funded project for ICAEW for the Nigerian SEC in 2013. Each delegate received 30 days training over a 12 month period, and Mike personally developed the materials and questions for his training experience. He will provide a blend of technical knowledge and practical experience as he himself offers such a skill set combination that will be invaluable to the overall success of the program. He brings not only unparalleled technical expertise but also a unique ability to integrate technical financial accounting and management issues into the training environment through tailored, real-life exercises that underscore the practicalities of achieving agreed-upon learning objectives.

Mike Turner

Expert Trainer

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LEORON Professional Develop-ment Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing pro-fessional education on the Na-tional Registry of CPE Sponsors.

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Com-plaints regarding registered sponsors may be submit-ted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

5 KEY TAKE AWAYS

1Improved knowledge and understanding of the global trends for public sector account-ability and reporting

2Practical understanding the transition challeng-es and approaches in moving to Internationally accepted reporting norms such as IPSAS

3Apply IPSAS standards to ensure Improved Accountability via providing a complete and accurate view of an entities operations and performance

4Achieve Greater Transparency within your entity’s regarding your use of primary re-sources and resulting liabilities

5Achieve greater harmony within the entity’s reporting and financial statements as a way to encourage and enhance organisational goal congruence

+Pragmatic case studies and exercises on all major topics for participants to gain a working knowledge of how to apply and implement both cash and accrual based IPSAS and the challenges other entities face in adopting IP-SAS and how those challenges are overcome.

This course has been specifically designed for the benefit of:

» Organisations seeking improved credibility in the international arena with improving fiscal transparency and accountability

» Organisations, including governments and public sector entities, that are currently implementing or considering implementing IPSAS as a basis for accounting

» Organisations wishing to gain an overview of IPSAS and understand what implications adopting these standards may have on their organisation

» Financial professionals operating within the finance departments of public entities

» Increasing your staff’s awareness about IPSAS through considering the benefits and challenges associated

WHO SHOULDATTEND?

The International Academy of Busi-ness and Financial Management™ is one of the world’s

fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designa-tions to candidates who meet the highest professional standards and assessment criteria.

The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.

IN-HOUSE If interested to run this course in-house please contact Goran Gakidev at +971 4 447 5711 or e-mail: goran.gakidev@leoron.com

DISTANCE LEARNING PROG. If interested to run this course with our distance learning program please contact Agron Kurtishi at +971 4 447 5711 or e-mail: agron.kurtishi@leoron.com

PROGRAM TIMINGS

Registration will begin at 08.00 on Day One.

The program will commence at 08.30 each day and continue until 16.30.

There will be two refreshment breaks and lunch at ap-propriate intervals.

Delivery Type Group Live

Pre-requisites None

Level Advanced Training

This Program is worth 35 NASBA CPE credits

November 04-08, 2018 | Abu Dhabi, UAE

3www.leoron.com

COURSE OVERVIEWThe recent financial crisis and associated financial safeguards implemented across all business sectors have seen even greater pressures exerted on public budgets with governments and public sector entities encountering growing pressure to provide high-quality transparent financial statements, clear and decisive financial management approaches and en-hanced operational allocation and performance measures related to public funds.

IPSAS (International Public Sector Accounting Standards) provides a sounds basis for public entities to demonstrate sound accrual accounting and budgeting techniques, and with its emphasis on performance-based management being a core competency, requires entities to adopt a fresh and innovative approach to developing new skill sets.

This course offers the learner a comprehensive understanding of the essential elements of IPSAS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards and then looking at these concepts within the framework of the public entity established by IFAC and the IPSASB. The course develops key skills competencies through the applica-tion of sound theoretical content within a practical, real-life inspired case-study based environment.

DAY 1 IPSAS – Overview and Context

» Summary of current events in the area of public sector accountability and reporting

» What IFAC and the IPSASB is all about » Discussion on the current status of the global adoption of IPSAS cash and accrual based standards – countries that have adopted and countries in the process of adoption

IPSAS – Concepts and Core Principles » Summary of current events in the area of public sector accountability and reporting

» IPSAS principle based approach compared to rules based approach

» Core concepts of assets, liabilities, equity

IPSAS – Implementation Challenges » How to best use lessons from the private sector » Implementation issues and practical solutions » UK central government – transition to accrual

IPSAS Cash » Core concepts and principles » Scope of standards » Application of IPSAS Cash » IPSAS Cash / Modified Cash (not IPSAS compliant) and how to transition to full accrual based IPSAS

Presentation of Financial Statements (IPSAS 1 / IAS 1) » Required financial statements » Structure » Content

Accounting Policies, Changes in Accounting Estimates and Errors (IPSAS 3 / IAS 8)

» Selection of accounting policies » Changes in accounting estimates » Changes in accounting policies » Correction of errors » Items requiring separate financial statement disclosure

INTRODUCTION: Classification as Inventory or Property, Plant and Equipment

» Core concepts and principles » Capitalisation thresholds » Practical application of grouping assets for capitalisation threshold

DAY 2 Inventories (IPSAS 12/IAS 2)

» Public sector entity inventories » Inventories held for sale » Inventories held for distribution at no or nominal charge

Property, Plant and Equipment (IPSAS 17/IAS 16) » Initial recognition » Subsequent valuation » Depreciation » Treatment of assets acquired in a non-exchange transaction » Treatment of heritage assets

Intangible Assets (IPSAS 31/IAS 38) » Initial recognition » Subsequent valuation » Public sector issues

Borrowing Costs (IPSAS 5/IAS 23) » Expensing » Capitalisation

DAY 3 Investment Property (IPSAS 16/ IAS 40)

» Initial recognition » Subsequent valuation » Transitional provisions for initial adoption

Cash Flow Statements (IPSAS 2/ IAS7) » Cash and cash equivalents » Operating, investing and financing activities

Service Concession Arrangements: Grantor (IPSAS 32) » Core concepts and principles » Accounting treatment

Leases (IPSAS 13/ IAS 17) » Lessee and lessor financial reporting requirements » Sale and leaseback transactions

DAY 4 Impairment of Cash-Generating Assets (IPSAS 26/ IAS 36)

» Definitions » Identifying an asset that may be Impaired

November 04-08, 2018 | Abu Dhabi, UAE

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» Measuring recoverable amount » Recognizing and measuring an impairment loss of an in-dividual asset

» Cash-generating units » Reversing an impairment loss » Disclosure » Income statement issues

Impairment of Non-Cash-Generating Assets (IPSAS 21) » Impairment identification » Recognition and measurement » Impairment reversals » Disclosure requirements

Revenue from Exchange Transactions (IPSAS 9/ IAS 8 or IFRS 15)

» Accounting treatment for exchange transactions

Revenue from Non-Exchange Transactions (Taxes and Transfers) (IPSAS 23)

» Recognition and measurement of tax revenue » Recognition of revenue from transfers » Reflecting conditions and restrictions in the financial statements

Construction Contracts (IPSAS 11/ IAS 11 or IFRS 15) » Commercial and non-commercial contracts » Allocation of contract costs » Contract revenue recognition » Associates and joint ventures

Presentation of Budget Information in Financial State-ments (IPSAS 24)

» Required disclosures » Comparison of budget and actual amounts » Material differences; Assets and liabilities

Employee Benefits (IPSAS 25/ IAS 19) » Definitions » Short-term employee benefits » Postemployment benefits » Distinction between defined contribution plans and de-fined benefit plans

» Recognition and measurement of plan assets » Termination benefits » Presentation and disclosure

Financial Instruments: Disclosure and Presentation (IPSAS 15/IFRS 9)

» Core issues relevant in the public sector (excluding fi-nancial services area)

» Financial assets, liabilities or equity classification

Overview of Consolidation Process, Group Accounts, In-vestments in Associates and Joint Ventures (IPSAS 6, 7& 8 / IAS 28, 31 & IFRS 10)

» Concepts of public sector control » Equity method accounting » When to use joint venture accounting (rare in public sector) » Determining whether control exists

Disclosure of Financial Information about the General Government Sector (IPSAS 22)

» Disclosure requirements

Events after the Reporting Date (IPSAS 14/IAS 10) » Adjusting events » Non-adjusting events

Segment Reporting (IPSAS 18/IFRS 8) » Distinguishable activities

Related Party Disclosures (IPSAS 20/IAS 24) » Identification of related parties » Disclosure requirements

Service Concession Arrangements: Grantor (IPSAS 32) » Core concepts and principles » Financial liability model » Grant of a right to the operator model » Arrangements outside the scope where IPSAS 13 may apply » Postemployment benefits

DAY 5 Provisions, Contingent Liabilities and Contingent Assets (IPSAS 19/IAS 37)

» Definitions » Recognition and measurement » Disclosures

November 04-08, 2018 | Abu Dhabi, UAE

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TERMS & CONDITIONS

1. Payment Terms for LEORON Professional Development Institute (hereafter LEORON PDI)a. 100% payment of the amount in maximum 15 days upon the receipt of the invoice. b. The payment shall be conducted either in cash, credit/debit card, cheque or bank transfer. c. The stated amount is exclusive of Withholding Tax and other duties, taxes and transfer related charges which if

applicable are payable by the client in addition to the stated amount.2. Cancelation and Postponement Policy

a. All cancelations and postponements shall be done in written form.b. In case of client cancelation:

i. No cancelation fee if the cancelation takes place not less than 14 days prior to the beginning of the course,ii. 50% cancelation fee if the cancelation takes place between 7 days and 14 days prior to the beginning of the course,iii. 100% cancelation fee if the cancelation takes place less than 7 days prior to the beginning of the course,

c. In case of client postponement, i. LEORON PDI issues a credit note which states that the paid amount can be used for participation in any of the

company’s courses which are scheduled in a period of 12 months from the date of the credit note.ii. A 25% postponement fee if the postponement takes place less than 10 days prior to the beginning of the course

d. In case of LEORON PDI cancelation:i. A 100% refund shall be applicable if LEORON PDI decides to cancel the event - the client has an option to receive

a credit note which can be used for any course for a period of 12 months.ii. In case of LEORON PDI postponement - the client may choose to participate on the same course at the later date or

to be issued a credit note which states that the paid amount can be used for participation of any of the company’s courses which are scheduled in a period of 12 months from the date of the credit note.

3. Selection of Trainer and LocationSelection of the trainer and training location shall be at the discretion of LEORON PDI. Every effort shall be made to maintain continuity, but, if necessary, LEORON PDI can change the trainer and training location any time prior to commencement of the course.

4. Intellectual PropertyThe copyright, intellectual property and design rights of the learning materials are property of LEORON PDI and its expert trainers. It cannot be copied, shared or reproduced without prior written consent of LEORON PDI.

5. Health and SafetyThe clients must conform to and comply with the Health and Safety Policy and Procedures as laid down by LEORON PDI or its partner organizations when the course is delivered in leased premises. Breaches of these policies and procedures may result with the client being suspended or excluded from the course and premises.

6. Complaints and Refunds Procedurea. LEORON PDI shall deem relevant the following types of complaints:

i. If the contents of a course or the training materials are incorrect or inappropriate.ii. If the duration of the course is significantly different to that invoiced.iii. If the conduct or actions by the LEORON PDI trainer are inappropriate or offensive.iv. If the training delivery is not on a satisfactory level

b. Enquiries and complaints shall be made in written form and have to contain sufficient detail to allow LEORON PDI to compile an official written response.

c. All official enquiries and complaints shall be submitted electronically to Val Jusufi, Managing Director of LEORON PDI, at val@leoron.com

d. LEORON PDI shall officially respond to the complaint no later than 7 days from the date of its reception.7. Force Majeure

LEORON PDI shall not be liable to the clients or be deemed to be in breach of any agreement it has concluded with them for any delay in performing or failure to perform any of the LEORON PDI’s obligations in respect of the services if the delay or failure was due to any cause such as war, warlike activities, fire, storm, explosion, national emergency, labor dispute, strike, lock-out, civil disturbance, actual or threatened violence by any terrorist group, newly enacted law or regulation or any other cause not within the control of LEORON PDI.

8. Governing LawThis contract shall be governed by and construed in accordance with the Laws and Regulations of the DMC-CA Authority in Dubai, UAE.

I have read and agreed to the following terms and conditions!

COURSE DETAILSCERTIFIED IPSAS PROFESSIONAL

Date: November 04-08, 2018 Location: Abu Dhabi, UAE

Signature:

leoron.comREGISTRATION FORM

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COURSE FEE: US$ 4390SAVINGS & DISCOUNTS

GET US$ 400 DISCOUNT if you register 2 months before the course

GET US$ 200 DISCOUNTif you register 1 months before the course

GROUP DISCOUNTS*

3-4 Delegates 20%

5 Delegates 25%

*please note that all group discounts are given on the original course fee** all prices are VAT-exclusive.

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