Accounting Standards (IFRS/IPSAS) and Regulatory Reporting Course

Introduction

The Accounting Standards (IFRS/IPSAS) and Regulatory Reporting Course is a comprehensive professional program designed to equip participants with advanced knowledge in international financial reporting standards and public sector accounting frameworks. It focuses on enhancing accuracy, transparency, and compliance in financial reporting across both private and public sector organizations.
This course provides a deep understanding of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). Participants will learn how these frameworks govern financial statement preparation, presentation, and disclosure to ensure consistency, comparability, and accountability in financial reporting globally.
A key focus of the training is financial statement preparation and interpretation under IFRS and IPSAS. Participants will gain practical skills in preparing income statements, balance sheets, cash flow statements, and notes to accounts while ensuring full compliance with applicable accounting standards and regulatory requirements.
The program also emphasizes regulatory reporting requirements, equipping participants with knowledge on statutory reporting obligations, audit readiness, and compliance reporting frameworks. It highlights how organizations meet local and international regulatory expectations while maintaining transparency and financial integrity.
In addition, the course integrates practical case studies and real-world financial reporting scenarios to enhance understanding of complex accounting issues. Participants will develop analytical skills to interpret financial data, resolve accounting challenges, and ensure compliance with evolving global reporting standards.
By the end of this course, participants will be able to apply IFRS and IPSAS effectively in financial reporting and regulatory compliance. They will be equipped with the expertise to prepare accurate financial statements, ensure compliance with standards, and support sound financial decision-making.

Who Should Attend

• Accountants and Chief Accountants
• Finance Managers and Financial Controllers
• Internal and External Auditors
• Government Finance Officers
• Compliance Officers
• Financial Analysts
• Tax Officers and Revenue Officers
• NGO Finance Managers
• Banking and Investment Professionals
• Corporate Reporting Specialists

Duration

5 Days

Course Objectives

• Equip participants with comprehensive knowledge of IFRS and IPSAS frameworks to ensure accurate financial reporting and compliance with international accounting standards.
• Develop strong ability to prepare, analyze, and interpret financial statements in accordance with IFRS and IPSAS requirements for both private and public sector entities.
• Enhance understanding of regulatory reporting requirements to ensure timely, accurate, and compliant submission of financial reports to regulatory authorities.
• Strengthen skills in applying accounting standards to complex financial transactions, ensuring consistency, transparency, and reliability in financial reporting.
• Enable participants to identify and resolve accounting issues arising from changes in IFRS and IPSAS standards and interpretations.
• Improve competence in financial disclosure requirements to ensure full transparency and compliance with regulatory expectations and audit requirements.
• Equip learners with analytical skills to evaluate financial performance using standardized reporting frameworks for informed decision-making.
• Strengthen ability to ensure audit readiness through proper documentation, reconciliation, and adherence to accounting standards.
• Enhance understanding of convergence between IFRS and IPSAS and their implications on financial reporting systems and organizational compliance.
• Prepare participants to support organizations in implementing robust financial reporting systems that meet global standards and regulatory requirements.

Comprehensive Course Outline

Module 1: Introduction to Accounting Standards

• Overview of IFRS and IPSAS frameworks
• Importance of global accounting standards
• Regulatory environment in financial reporting
• Objectives of standardized reporting

Module 2: IFRS Framework and Principles

• Conceptual framework of IFRS
• Recognition and measurement principles
• Financial statement presentation
• Disclosure requirements

Module 3: IPSAS Framework for Public Sector

• Introduction to IPSAS standards
• Cash vs accrual accounting in public sector
• Financial reporting in government entities
• IPSAS compliance requirements

Module 4: Financial Statement Preparation

• Income statement preparation
• Balance sheet structuring
• Cash flow statement preparation
• Notes to financial statements

Module 5: Revenue and Expense Recognition

• Revenue recognition principles
• Expense classification and treatment
• Timing and matching concepts
• Complex transaction recognition

Module 6: Regulatory Reporting Requirements

• Statutory reporting obligations
• Compliance with regulatory bodies
• Filing deadlines and procedures
• Reporting formats and standards

Module 7: Financial Disclosure and Transparency

• Disclosure requirements under IFRS/IPSAS
• Risk disclosure and reporting
• Corporate governance reporting
• Transparency in financial statements

Module 8: Consolidation and Group Reporting

• Consolidated financial statements
• Intercompany transactions elimination
• Group accounting principles
• Subsidiary reporting requirements

Module 9: Audit and Compliance in Reporting

• Role of audits in financial reporting
• Audit preparation and documentation
• Compliance review processes
• Error detection and correction

Module 10: Emerging Issues in Financial Reporting

• Digital financial reporting systems
• AI in accounting and reporting
• Sustainability and ESG reporting
• Global convergence of accounting standards

Training Approach

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

Certification

Upon successful completion of the training, participants will be awarded a certificate of completion by Steady Development Center.

Training Venue

The training will be held online. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, tutorials and all required training manuals. Any other personal expenses are catered by the participant.
For registration and further enquiries, contact us on:

• Tel: +254 701 180 097
• Email: training@steadytrainingcenter.com

Tailor-Made Option

This course can be customized to suit the specific needs of your organization and be delivered on-line to any convenient location.

Terms Of Payment

Upon agreement by both parties’ payment should be made to Steady Development Center’s official account at least 3 working days before training begins to facilitate adequate preparation.

Our Upcoming Training Schedule