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...
IPSAS 12: Inventories and IPSAS 27: Agriculture
This lesson covers the accounting treatment for inventories held by public se...
IPSAS 17 Property, Plant and Equipment Part 1: Recognition and Initial Measurement
This lesson covers the recognition criteria and initial measurement of proper...
IPSAS 17 Property, Plant and Equipment Part 2: Depreciation, Revaluation and Disposal
This lesson continues the study of PPE under IPSAS 17, covering depreciation ...
IPSAS 31: Intangible Assets; Non-Current Assets Held for Sale and Discontinued Operations
This lesson covers the recognition, measurement and amortisation of intangibl...
IPSAS 13: Leases and 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 3: Accounting Policies, Changes and Errors; IPSAS 14: Events After Reporting Period
This lesson covers the selection, application and disclosure of accounting po...
IPSAS 4: Effects of Changes in Foreign Exchange Rates; IPSAS 5: Borrowing Costs
This lesson covers the translation of foreign currency transactions and the t...
IPSAS 9: Revenue from Exchange Transactions
This lesson covers the recognition and measurement of revenue from exchange t...
IPSAS 23: Revenue from Non-Exchange Transactions and Transfer Expenses
This lesson covers the recognition and measurement of revenue from non-exchan...
IPSAS 25: Employee Benefits and IPSAS 42: Social Benefits
This lesson covers the recognition and measurement of all categories of emplo...
IPSAS 19: Provisions, Contingent Liabilities and Assets; IPSAS 20: Related Party Disclosures
This lesson covers the recognition and measurement of provisions, contingent ...
Financial Instruments Part 1: Recognition and Presentation (IPSAS 28 & 29)
This lesson introduces the recognition and presentation requirements for fina...
Financial Instruments Part 2: Measurement (IPSAS 30)
This lesson covers the measurement of financial assets and financial liabilit...
IPSAS 32: Service Concession Arrangements and Construction Contracts
This lesson covers the grantor's accounting for service concession arrangemen...
IPSAS 2, 24, 40 and 41: Cash Flows, Budget Disclosures, Combinations and Measurement
This lesson covers four interconnected IPSAS: preparation of cash flow statem...
Financial Reporting Structure of the Government of Ghana
This lesson explains the financial reporting structure of the Government of G...
Accrual Basis Accounting Policies and the Government Chart of Accounts
This lesson examines the accounting policies appropriate for accrual-basis pu...
Financial Statements for Central Government Entities Part 1: Statement of Financial Position
This lesson covers the preparation of the Statement of Financial Position (ba...
Financial Statements for Central Government Entities Part 2: Financial Performance, Cash Flows and Notes
This lesson covers the preparation of the Statement of Financial Performance,...
Financial Statements for Local Government (MMDAs)
This lesson focuses on the preparation of financial statements for local gove...
Financial Statements for Non-Commercial State-Owned Enterprises
This lesson covers the preparation of financial statements for non-commercial...
IPSAS 22 General Government Disclosures and IPSAS 24 Budget Information Disclosures
This lesson covers the disclosure of information about the general government...
Impact of Accounting Policy Choices and Sustainability/ESG Reporting
This lesson evaluates how alternative accounting policy choices, for revenue ...
Users of Public Sector Financial Statements and Limitations of Financial Information
This lesson identifies the users of public sector financial statements and ex...
Scope of Financial Statement Analysis and Common Size Statement Analysis
This lesson explains the scope and purpose of financial statement analysis fo...
Ratio Analysis Part 1: Efficiency and Working Capital Ratios
This lesson covers the calculation and interpretation of efficiency ratios an...
Ratio Analysis Part 2: Solvency, Liquidity and Borrowing Ratios
This lesson covers the calculation and interpretation of short-term solvency,...
Fiscal Policy Indicators
This lesson covers the calculation and interpretation of the fiscal policy in...
KPIs, Benchmarking and the Practical Role of Ratios in the Public Sector
This lesson examines the role, strengths and weaknesses of accounting ratios,...
Budget Analysis and Professional Scepticism in Financial Analysis
This lesson covers budget analysis, comparing actual results with approved bu...
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...
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.