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RECENT TRAINING COURSE ON IPSAS: TRANSITION AND IMPLEMENTATION
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Adamawa State Government commissioned COINMAC to run the above named training course for the officers of the key functionaries of the state.

DATE:      21 - 25 March, 2016

VENUE:    Taraba Palms Hotel, Jimeta, Yola

ABOUT THE COURSE

What is IPSAS? IPSAS is an acronym for International Public Sector Accounting Standards. IPSASs are a set of accounting Standards issued by the International Public Sector Accounting Standards Board (IPSASB) for use by public sector entities around the world in the preparation of Financial Statements. IPSASs are a set of professionally developed, high quality, global Accounting Standards that require accounting on cash basis or accrual basis.

What is the brief history of adoption of IPSAS in Nigeria?
The Federal Executive Council (FEC) at its meeting of 28th July, 2010 approved that Nigeria should adopt the provisions of the International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) for Private and Public Sectors respectively.

  The adoption of IPSAS in Adamawa State of Nigeria will give the following benefits:

  • Improve accountability and transparency hence, quality service delivery;
     
  • Ensure credibility/integrity  that will build confidence in donor agencies, lenders and other stakeholders;
     
  • Secure political  & economic leverage;

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