IFRS for the public sector

Course Overview

This course explains the impact of IFRS in a public sector context, with case studies and practical guidance for implementation. Our trainers work closely with HM Treasury's Financial Reporting Policy Team to ensure that the course content is relevant and up-to-date.

Audience

• Accountants working in the public sector
• Auditors of public sector entities

Skills Gained

Attending this course with give you a clear insight into key IFRSs and the likely impact areas of this major change.

Course Outline

• The IFRS implementation plan - an outline
• Background to IFRS adoption in the UK
• IFRS accounting principles
• Presentation under IFRS - what the accounts will look like
• Likely impact areas: assets held for sale, segmental reporting, non-current assets, leasing and PFI issues, employee benefits, revenue recognition, financial instruments and foreign exchange
• IFRS 1 - First time adoption
• The IFRS implementation plan - revisited