It was very gratifying to receive such positive response on a recent trip to Dublin to meet with acountingcpd.net’s partners CPA Ireland and ANAN (from Nigeria). We are jointly developing a Certificate in IPSAS Financial Reporting which will be released later this year and this was the first opportunity to showcase it to a potential user. So we were particularly delighted at the response we received and at confirmation that we have our first major partner on board. Welcome to the project, ANAN!
IPSAS – the public sector version of IFRS – has been around for a while, but it is only recently that adoption has gathered pace. Driven in part by IFAC, part by governments in developing countries and part by the World Bank, public sector accountants throughout the developing world have an urgent need to develop an understanding of what is in most cases a radically new approach.
Returning home, however, I was struck by the need not to imagine that we are so perfect ourselves. I was presented with a set of management accounts from a local school and spent a frustrating hour trying to disentangle capital spending from general monthly overheads - a lack of clarity that rendered the accounts almost meaningless for management decision making purposes. Great news for the project, of course, that there may be demand at home as well as in emerging markets, but we really need to get our house in order with regard to public accounts.
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