GID 22028 – Public Sector Accounting Immersion Workshop (3 days): 28-30 March 2021 @ Dubai


GID 22028 – ورشة عمل حول الانغماس في محاسبة القطاع العام (3 أيام): 28-30 مارس 2021 @ دبي


Course Introduction

The increasing importance of Public Sector accounting

The Accrual accounting and Cash Basis accounting requirements focus on the accounting and financial reporting needs of governments and public sector entities.

These public sector accounting standards set out recognition, measurement, presentation and disclosure requirements dealing with transactions and events in the general-purpose financial statements of all public sector entities. The accrual and cash basis accounting requirements are inspired by the International Financial Reporting Standards (IFRS) issued by the IASB but also deal with accounting issues that are specific to the public sector. This ensures that organisations in the public sector that adopt accrual/cash basis accounting have financial reports that are consistent and comparable with the private-sector entities and at the same time also benefiting from guidance and interpretation for specific public-sector issues such as revenue from non-exchange transactions, presentation of budget information in the financial statements etc.

Lessons learned from the sovereign debt crisis and the increasing pressure on governments and public sector organisations to better manage public resources, have made a global case for action, highlighting the need for more transparent, consistent and globally comparable financial reporting in the public sector.  Accrual accounting is now being adopted by a large number of public sector entities all over the world. International organisations have been at the forefront of the move towards accrual accounting, but the trend is also clear for governments, with an increasing number of them adopting accrual accounting practices with public sector accounting serving as a reference point. In Europe, the European Commission is conducting a project to develop European Public Sector Accounting Standards (EPSAS) with Public Sector accounting requirements as a reference point.

Understanding public sector accounting requirements and being able to apply them is therefore key for all public sector finance professionals.

Key features of the workshop

  • Hands-on approach to learning, with real-life case studies, illustrative examples taken from the instructors’ practical experience in implementing and applying accrual/cash basis accounting requirements, and group exercises.
  • Highly experienced Public Sector accounting instructors, which bring a wealth of practical experience to the course.
  • An optimal balance between theory and practice.
  • Interactive training: participants are encouraged to participate through group discussions, question sessions and group exercises.
  • Top quality training material, hand-outs, examples and real-life case studies.

Instructor Bio

Instructor for this course

To be announced

Your feedback

All delegates will receive an evaluation questionnaire upon completion of the course. The feedback from these questionnaires allows us to conduct trend analysis and continuously approve the quality of its learning solutions.

Course Description

Conceptual framework, presentation and disclosures, and converting to Accrual/modified cash basis accounting in practice

Introduction to public sector accounting developments and conceptual framework

  • Overview of the public sector accounting requirements;
  • Structure of the public sector accounting requirements and standard-setting process
  • Current stage of accrual/modified cash basis accounting implementation across the globe (link with PwC global survey on government accounting and reporting)
  • Overview of the conceptual framework and key accounting principles
  • Differences and similarities with IFRS
  • Discussion of the recognised benefits of accrual accounting
  • Accounting policies, changes in accounting estimates and errors

Presentation of financial statements and specific disclosure requirements

  • The statement of financial position
  • The statement of financial performance
  • The statement of changes in net assets/equity
  • The statement of cash flows
  • Events after reporting date
  • Segment reporting
  • Related party disclosures
  • Presentation of budget information
  • Case study: analysis of public sector financial statements of a government and an international organisation

Implementing accrual/modified cash basis accounting in practice – the transition step by step

  • Public sector accounting conversion methodology
    • Gap analysis and roadmap – understanding the main challenges and developing the detailed project plan
    • Conversion – implementing the change at all levels and preparing the first compliant financial statements
    • Embedding – ensuring changes last, adapting systems, processes, information flows to accounting requirements and making sure that public sector accounting knowledge is spread across the organisation
  • Project planning and resources
  • Impact on IT systems and budgets
  • Discussion of implementation challenges

Q&A session

Property, plant and equipment

  • Discussion of main items of PP&E
    • Analysis of PP&E life cycle
      • Recognition of PP&E – elements to be included in the acquisition cost, use of materiality thresholds, borrowing costs, self-constructed assets
      • Initial measurement and measurement subsequent to recognition – cost model versus revaluation model
      • Depreciation, applying the components approach
      • Impairment of cash-generating assets and non-cash-generating assets: how to distinguish them, how to apply the principles
      • De-recognition of items of PP&E
  • Case studies: identification and measurement of PP&E
  • Key disclosure requirements
  • Discussion on practical implementation challenges (focusing on key issues for governments and other public sector entities: infrastructure and military assets, heritage assets, land and buildings, project assets, opening balance sheet preparation and availability of historical data, etc.)

Investment property

  • Scope and definition, identification of investment property
  •  Recognition and measurement
  • Case study: identification of investment property
  • Key disclosures requirements
  • Intangible assets
  • Key items of intangible assets in the public sector (concessions, development costs, etc.)
  • Recognition and measurement of intangible assets
  • Case study : accounting for internally developed software
  • Key disclosure requirements
  • Discussion on practical implemenation challenges Leases
  • Classification of operating and finance leases
  • Accounting for operating leases:
  • Lessee accounting
  • Lessor accounting
  • Accounting for finance leases
  • Lessee accounting
  • Lessor accounting
  • Case study:
  • lease classification
  • finance lease accounting and effective interest rate
  • Key disclosure requirements
  • Discussion on practical implementation challenges (free rental arrangements, etc.) Concession arrangement and public-private partnerships (PPPs)
  • Scope and discussion on concessions and public-private partnerships in the public sector
  • Recognition and measurement of service concession assets
  • Recognition and measurement of service concession liabilities
  • Worked example
  • Key disclosures requirements
  • Discussion on practical implementation challenges
  • Inventories
  • Key items of inventory
  • Recognition and measurement: inventory valuation methods, net realisable value concept
  • Case study: inventory year-end valuation
  • Key disclosure requirements
  • Discussion on practical implementation challengesConstruction contracts
  • Definition of construction contract
  • Measurement of contract costs
  • Measurement stage of completion and contract revenue
  • Case study
  • Key disclosure requirements
  • Discussion on implementation challenges 
  • Revenue for non-exchange transactions
  • Revenue from exchange and non-exchange transactions
  • Definition non-exchange transaction transactions
  • Key sources of non-exchange revenue: taxes and transfers
  • Measurement of non-exchange revenue and performance obligations
  • Case study: accounting for tax revenue and transfers
  • Key disclosure requirements
  • Discussion on implementation challenges (evaluation of revenue taxes, grants, goods-in-kind, concessionary loans, impairment on receivables, etc.)

Revenue for exchange transactions

  • Definition exchange transaction transactions
  • Key sources of exchange revenue
  • Measurement of exchange revenue
  • Case study: revenue from the rendering of services
  • Key disclosure requirements
  • Discussion on implementation challenges (principal versus agent, etc.)

Q&A Session 

Provisions, contingent liabilities and contingent assets

  • Definition of a provision
  • Main categories of provisions
  • Recognition – concept of present legal or constructive (non-legal) and measurement of provision
  • Case study
  • Key disclosure requirements
  • Discussion on practical implementation challenges (environmental provisions, etc.)

Expenses from exchange and non-exchange transactions

  • Discussion main categories of expenses in the public sector:
    • Non exchange transactions : grant programmes, social benefits
    • Exchange transactions: receipt of goods and services, etc.
  • Exchange transactions: practical application of the delivery principle and year-end cut-off
  • Non-exchange transactions: recognition of multi-annual expenditure programmes, grant programmes, social benefits
  • Worked examples
  • Key disclosure requirements
  • Discussion on practical implementation challenges

Employee benefits

  • Scope and classification of employee benefits
  • Recognition and measurement of short-term, long-term, post-employment and termination employee benefits
  • Defined contribution versus defined benefit pension plans
  • Worked example: accounting for public sector pensions
  • Key disclosure requirements
  • Discussion on practical implementation challenges (discount rate, actuarial assumptions, etc.)

Foreign currency transactions

  • Definition of presentation and functional currency
  • Monetary and non-monetary assets
  • Measurement of foreign currency transactions
  • Worked example
  • Disclosure requirements
  • Discussion on practical implementation challenges

Q&A Session

Financial instruments

  • Overview of financial instruments in the public sector
  • Classification of financial assets
  • Classification of financial liabilities
  • Recognition and measurement of financial assets
  • Recognition and measurement of financial liabilities
  • Worked examples:
    • Classification and measurement of financial assets and liabilities
    • Calculation of amortised cost
  • De-recognition of financial assets and financial liabilities
  • Hedge accounting
  • Disclosure requirements
  • Worked examples: disclosures on financial instruments
  • Discussion on practical implementation challenges (financial guarantees, concessionary loans, the concept of fair value, etc.)

Consolidated financial statements

  • Definition of control and scope of consolidation – current and revised standards
  • Joint control (joint ventures versus joint operations) and significant influence
  • Worked example: definition of scope of consolidation
  • Consolidation methods and processes: full consolidation (harmonisation of accounting policies, elimination of intragroup transactions and balances, best consolidation practices, etc.), equity method
  • Concept of whole-of-government accounts (the UK example)
  • Worked example: consolidation technique
  • Key disclosure requirements
  • Disclosure of financial information on the general government sector and relationship with government statistics
  • Discussion on practical implementation challenges (application of the concept of control, government agencies, trust funds, government business enterprises (GBEs), etc.)

First-time application of accrual-basis accounting

  • Scope and definition (date of adoption, etc.)
  • General retrospective application rule and exemptions to this general rule (exemptions that affect fair presentation and compliance, and exemptions that do not affect fair presentation and compliance)
  • Comparative information
  • Period of transition – how to manage it, transitional accrual accounting based financial statements
  • Disclosure requirements
  • Worked example

Preparation of the opening balance sheet and first accrual accounting based financial statements: discussion on practical implementation challenges (availability and reliability of data, etc.)

Why you must attend?

Public sector accounting compliance demands full adherence with all the applicable requirements. In order to be in compliance, an organisation must faithfully represent transactions, events, and conditions in accordance with the requirements. Auditors must determine that the accounting and reporting practices of the public sector entity have been carried out in accordance with the requirements stated in the pertinent standards.  As a professional, you must have the required knowledge and skills to implement accrual accounting, and to be able to understand how this transition affects your entity’s reporting, and what it means moving forward.

Key learning objectives

At the end of the course, you will be able to:

  • Understand the accrual accounting concepts, as well as key accounting concepts such as recognition, measurement, presentation and disclosure requirements,
  • Understand real-life accrual/cash basis accounting financial statements,
  • Understand the strategic implications of accrual accounting adoption,
  • Assess the impact of the application of accrual accounting on your organisation,
  • Understand the practical implications and challenges of an accounting conversion project,
  • Implement and apply accrual accounting in practice, drawing from best implementation practices learned during the course.
  • Grasp new career opportunities in relation to public sector accounting.

Who should attend

This course is designed for:

  • Public sector senior executives: Chief Financial Officers, Finance Directors, Accountant General, Auditors General, etc.
  • Practitioners involved in public sector accounting: accountants, auditors, finance and non-finance staff, budget officers, controllers, treasurers, etc.
  • Public Sector accounting conversion project managers and experts, etc.
  • Academics, accountancy students, etc. and any person who wants to develop a good understanding and working knowledge of the public sector accounting requirements and its challenges.

Venue & other info

All the training courses are organised at one of the professional training facilities or training facilities at one of the 4 to 5 star hotels in the city. You will receive the joining instructions with venue details at least 2 weeks before the commencement of the training program.  Tea/coffee, snacks and lunch will be provided during the duration of this course. You are responsible to organise your accommodation.

Changes to the conference

Shasat may (at its sole discretion) change the format, speakers, participants, content, venue location and program or any other aspect of the Conference at any time and for any reason, whether or not due to a Force Majeure Event, in each case without liability.

CPD hours

Each participant will be issued a training certificate, signed by Shasat and PwC, which will certify that you have successfully completed the training course and the number of hours you spent to complete this training course


If you are seeking to profile your products, expertise and experience in the field of Financial Instrument then the Shasat will endeavour to assist your business objectives with opportunities such as:

 Brand exposure 

  • Targeted brand awareness and the association of your company with this area of expertise.

 Thought leadership 

  • Present your expertise to a targeted group of industry leaders.

 Product demonstrations 

  • Exhibit your products to new prospective clients already attending this conference.

Terms and Condition

Please read all the terms and conditions on our website including cancellation policy on our website.


In order to enrol for this programme, you can either make the payment online through our website or you can opt to make the payment via bank transfer/Demand draft/Cheque payment. Our payment web page will give you all the necessary options at the time of check out. Should you face any difficulty, please do not hesitate to contact us with your selected course and our customer services team will be happy to guide you through the payment process. You must also bear all the bank charges in relation to the payment of course fees and payment must be made at least 3 weeks before the course date. Registration will be confirmed upon receipt of payment and completion of registration form only.

Group discount

We offer a group discount of 15% if you book a course for 5 or more people. Please contact our customer services desk at to discuss further on how to obtain a group discount code.

CPD hours

Each participant will be issued a training certificate which will certify that you have successfully completed the training course and the number of hours you spent to complete this training course.


Please contact our Customer Service for further assistance at

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