Post-Summit Workshop D – Thursday, 29 May 2008

IFRS And IPSAS – Driving A Change Programme Of
Accounting Reform For The Not-For Profit Sector


Workshop Timings – Registration will commence at 08:00 with the workshop commencing at 08:30 and concluding at 14:30. There will be two breaks at appropriate times for refreshments and lunch will be served at the end of the day.

Introduction
International Financial Reporting for the not-forprofit sector is rapidly taking a pace to align with developments in international accounting standards, such as US GAAP and IFRS.

This workshop focuses on the specific accounting and reporting requirements of not-for-profit entities.

Comparisons with US GAAP (primarily FAS 116 “Accounting for Contributions Received and Contributions Made”, FAS 117 “Financial Statements of Not-for-Profit Organisations” and Statement of Position 98-2 “Accounting for Costs of Activities of Not-for-Profit Organisations and State and Local Governmental Entities That Include Fund Raising”) are integrated throughout the workshop to ensure that you are well informed on international best practices.

More and more countries, and international organisations have adopted or plan to adopt the IPSAS or IPSAS-compliant standards: Canada, United Kingdom, New Zealand, France, European Commission, Vietnam, Switzerland, Australia and organisations like the United Nations and NATO (by 2010).

Workshop Highlights
• Overview of key accounting issues in accounting for not-for-profit entities
• Overview of IPSAS
• Differences between IPSAS and IFRS
• Future developments
• Challenges when implementing IPSAS

Agenda
• Financial statement presentation and disclosure issues
• Receivables
• Revenue
• Grants
• Expenses
• Joint costs allocation
• Introduction to International Public Sector Accounting Standards
• Cash based IPSAS
• Accrual IPSAS
• Future developments
• Implementing IPSAS

At The End Of This Workshop, You Will:
• Have a clear insight into the key accounting issues in the not-for-profit sector
• Learn practical answers to typical not-for-profit sector questions on financial statement
  presentation, consolidation, receivables, inventory, long-lived assets, website
  development, leases, financial assets and liabilities, revenue and expenses including
  employee compensation
• Develop the skills to appropriately allocate indirect costs to programmes
• Know the essential differences between IFRS and IPSAS
• Gain an insight into the countries and entities who use or plan to adopt IPSAS
• Understand the challenges facing the transition to IPSAS

Led By:
Perry Pahladsingh is currently an audit manager in the Public Sector Services Department of Deloitte. As a chartered accountant he is engaged in various high-profile engagements in the Public Sector, including ministries, not for-profit organisations and foundations of Deloitte. Apart from an audit manager, he works also for the Technical Department of Deloitte in the fields of Government Auditing and IPSAS and is a certified trainer at Deloitte.

Perry has an extensive international career in the fields of accounting, forensic accounting and auditing, including a stay of seven years in Suriname (South-America). He is currently a lecturer at the distance-learning University of LOI in the Netherlands, and has been a lecturer in the fields of accounting and auditing at the Anton de Kom University of Suriname and the Ichthus University in Rotterdam. Perry is also an examiner of both the post-graduate controllers’ and chartered accountants course of the Erasmus University at Rotterdam.


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