Public Accounting and Financial Reporting According to IPSAS
Course contents:
Purpose of the course is that students will develop a deeper knowledge in advanced accounting and financial reporting, with particular focus on issues related to the compilation of financial statements in public sector organizations (i.e. State, Regions, local governments as well as international organizations). A special focus will be devoted on the adoption of International Public Sector Accounting Standards (IPSAS).
The following topics related to financial accounting and reporting according to IPSAS will be covered:
- Rules, users and theories of public sector accounting
- Changes and modernization of the accounting and financial reporting of public organizations based on IPSAS
- Theories and methods of consolidation in the public sector
- International trends and experiences
Learning outcomes (in terms of knowledge, skills, general competence):
Upon successful completion of this course, the student will be able to:
- Explain comparative and international aspects of accounting and financial reporting for public sector organisations
- Explain similarities and differences in financial reporting in the public sector
- Evaluate relevant issues and practical working associated with IPSASs
- Analyse how public sector organisations compile financial report data under with IPSAS
- To link the aforementioned learning outcomes to work with own master thesis
Assignment - group (letter grades A-F, counts 50%)
Oral exam - presentation (letter grades A-F, counts 50%)