Public Sector Accounting and Finance (Paper 2.5)
This course is designed to provide candidates with the technical knowledge and skills required to perform straightforward financial reporting responsibilities within the public sector.
Instructor
John Lotsa
What You'll Learn
Course Curriculum
Context of Public Sector Entities
This lesson is an introduction to public sector accounting and finance. It lo...
Introduction to the PFM Cycle and the Planning Phase
This lesson introduces the Public Financial Management (PFM) cycle in Ghana, ...
Budget Preparation
This lesson covers the budget preparation process in Ghana's public sector, h...
Budget Execution - Part 1
This lesson examines the budget execution phase, focusing on how the governme...
Budget Execution - Part 2
This lesson continues the study of budget execution, examining cash managemen...
Accounting, Recording and Financial Reporting
This lesson covers the record-keeping, accounting, and financial reporting st...
Review, Audit and Oversight
This lesson examines the review and audit processes that close the PFM cycle ...
The PEFA Framework
This lesson introduces the Public Expenditure and Financial Accountability (P...
Group Learning Space_Past Question Discussion
This is a live group discussion of the past questions from November 2024 to M...
Public Financial Laws of Ghana
This lesson covers the full legal architecture of Ghana's PFM system, from th...
Ethics Management in the Public Sector
This lesson covers the systematic approach organisations use to promote ethic...
Ethical Issues: EOCO, OSP, PAC and FIC
This lesson examines ethical issues in public sector accounting with focus on...
Technology in Public Sector Accounting: GIFMIS
This lesson examines the impact of technology on public sector accounting in ...
Objectives, Users and Qualitative Characteristics of General Purpose Financial Reports
This lesson introduces the Conceptual Framework for General Purpose Financial...
Reporting Entity, Elements, Recognition and Measurement
This lesson covers the characteristics of the reporting entity in the public ...
Role of the IPSASB and Overview of IPSAS
This lesson examines the International Public Sector Accounting Standards Boa...
Group Space Discussion
This is a live group discussion of the past questions from November 2024 to M...
IPSAS 17 Property, Plant and Equipment
This lesson covers the recognition criteria and initial measurement of proper...
IPSAS 31: Intangible Assets; Non-Current Assets Held for Sale and Discontinued Operations
This lesson covers the recognition, measurement and amortisation of intangibl...
IPSAS 16: Investment Property
This lesson covers the recognition and measurement of leases in the public se...
IPSAS 21 and IPSAS 26: Impairment of Non-Cash-Generating and Cash-Generating Assets
This lesson covers impairment accounting in the public sector, IPSAS 21 for n...
IPSAS 44: Non-Current Assets Held for Sale and Discontinued Operations
This lesson focuses on the criteria for classifying a non-current asset or di...
IPSAS 12: Inventories and IPSAS 27: Agriculture
This lesson covers the accounting treatment for inventories held by public se...
IPSAS 9 and IPSAS 23: Revenue from Exchange and Non-Exchange Transactions
This lesson focuses on distinguishing exchange transactions (fees, rent, sale...
IPSAS 11: Construction Contracts
This lesson focuses on accounting for construction contracts under IPSAS 11, ...
IPSAS 47: Revenue, & IPSAS 41 and 29 Financial Instruments
This lesson focuses on IPSAS 47, the consolidated revenue standard that will ...
IPSAS 39: Employee Benefits
This lesson focuses on classifying employee benefits into short-term, post-em...
IPSAS 5: Borrowing Costs
This lesson focuses on the benchmark and allowed alternative treatments for b...
IPSAS 42: Social Benefits
This lesson focuses on the general approach to recognising and measuring a li...
IPSAS 48: Transfer Expenses
This lesson focuses on accounting for transfer expenses and resources given t...
IPSAS 19: Provisions, Contingent Liabilities and Contingent Assets
This lesson focuses on the three recognition conditions for a provision (pres...
D1: Foundations of Public Sector Financial Statements in Ghana
This lesson focuses on the framework for public sector financial reporting in...
Walkthrough Session - Preliminaries
This lesson walks through how the financial statement questions are set and p...
D2: Preparing the Financial Statements of the Consolidated Fund - Part 1
This lesson focuses on preparing the financial statements of the Consolidated...
D2: Preparing the Financial Statements of the Consolidated Fund - Part 2
This lesson focuses on preparing the financial statements of the Consolidated...
D3: Preparing the Financial Statements of a Government Department (Ordinary Entity)
This lesson focuses on how government departments are funded and how they pre...
D4: Preparing the Financial Statements of a Subvented Entity
This lesson focuses on entities that combine government subvention with inter...
D5: Preparing the Financial Statements of Local Government (MMDAs)
This lesson focuses on the financial statements of Metropolitan, Municipal an...
D6: The Cash Flow Statement: The Indirect Method
This lesson focuses on preparing the cash flow statement using the indirect m...
Group Space Discussion
This is a live group discussion of the past questions. The discussion centere...
E1: Introduction to Financial Statement Analysis
This lesson focuses on the purpose, users, and techniques of analysing public...
E2: Budget Performance Analysis
This lesson focuses on assessing how well public entities carry out their bud...
E3: Common Size Analysis
This lesson focuses on expressing items in the financial statements as percen...
E4: Ratio Analysis
This lesson focuses on using ratios to evaluate the financial performance, po...
Group Space Discussion
This is a live group discussion of the past questions from November 2024 to M...
Regulatory Roles: Ministry of Finance and Controller and Accountant-General's Department
This lesson examines the regulatory and governance roles of the Ministry of F...
Regulatory Roles: Internal Audit Agency, SIGA and Bank of Ghana
This lesson covers the regulatory and governance roles of three additional ov...
Internal Audit and External Audit in Public Sector Governance
This lesson examines the distinct but complementary roles of internal audit a...
Key Stakeholders, Sources of Funding and Their Impact on Governance
This lesson defines public sector governance, identifies the key stakeholders...
The Seven Principles of Public Life
This lesson covers the seven principles of public life (selflessness, integri...
Social Responsibility, Sustainability and Comparison with Private Sector Governance
This final lesson compares the key elements of social responsibility and sust...
Group Space Discussions
This is a live group discussion of the past questions from November 2024 to M...
Student Feedback
With about 4 years of experience preparing ICAG students for the exams, complemented by about 5 years of hands-on experience in both the private and public sectors in auditing and accounting roles, respectively, I bring both examination expertise and practical, real-world insight to every session. Holding the NTC license as a professional teacher speaks volumes about my pedagogical skills.
John Lotsa
InstructorWith about 4 years of experience preparing ICAG students for the exams, complemented by about 5 years of hands-on experience in both the private and public sectors in auditing and accounting roles, respectively, I bring both examination expertise and practical, real-world insight to every session. Holding the NTC license as a professional teacher speaks volumes about my pedagogical skills.