News
IASCA Holds IPSAS Expert Qualifying Exam for the Second Time in 2021
04-Oct-2021
AMMAN - The International Arab Society of Certified Accountants (IASCA) held the qualifying exam for the IPSAS Expert certificate for the second time in 2021, as a training course has previously been held in March 2021.
The IPSAS Expert aims at introducing comprehensive professional knowledge of IPSAS, focusing on the practical applications and interpretations. The certificate also includes several examples of the application of IPSAS by governments and public sector entities that issue financial statements in accordance with IPSAS. The certificate aims at becoming a comprehensive reference to how the accrual and the modified cash basis IPSAS are applied by providing examples and highlighting the accounting and financial reporting practices.
This curriculum consists of two main pillars as follows:
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The first pillar - the government financial system as well as the budgets, IAS, recognition, and measurement of the items of the financial statements according to IPSAS, issued by IFAC.
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The second pillar - financial statements and financial instruments reporting, as well as budgets and special standards according to IPSAS, issued by IFAC.