Financial Management Programmes and Workshops IPSAS, IFRS, IFMIS and Strategic Tax Management
Improving financial management systems in your organisation
International Accounting Standards: IPSAS and IFRS International Accounting Standards are being introduced in almost every country across the world. This is being carried out under the auspices of either International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS). The standards are very closely linked and both are concerned with the introduction of a common accrual-based approach to financial reports.
International Accounting Standards run much deeper than the mere introduction of accrual-based accounting. The standards cover a wide range of often complex approaches to financial reporting including accounting for assets, financial instruments and employee benefits. The implementation of IPSAS and IFRS will also promote accountability, transparency in governance and improve the credibility rating.
At RIPA International we can help you to introduce International Accounting Standards with the clear objective of improving the management of national and organisational resources in a way that will bring real and demonstrable benefits.
This programme comprises of three one-week modules that can be taken as individual workshops, though it is recommended participants enrol for all three modules to gain a comprehensive understanding of IPSAS and IFRS. The modules are: Module 1 – Getting Ready For IPSAS and IFRS Module 2 – The Standards Module 3 – Implementation and Benefits Realisation Benefits of attending – You will be able to:
Modules 1+2+3 3 weeks: £4,950 Modules 1+2 or 2+3 2 weeks: £3,850
• Better understand financial information, decision making and resource allocation • Better perform financial and resource management roles within your organisation • Understand effective corporate governance better, improve monitoring and reporting
Accredited by:
• More easily secure external investment and external aid • Participants can count this programme as part of their annual CPD requirement.
Tel: +44(0)20 7470 9100 | www.ripainternational.co.uk
2015
Save almost 30% when booking all three modules
Module 1
Module 2
Getting Ready for International Accounting Standards
IPSAS and IFRS: The Standards
This module considers the main requirements of International Accounting Standards and shows how they affect affect financial reports and published accounts.
This module builds on the work of Getting Ready for International Accounting Standards, although it can be taken in isolation.
The module will deal specifically with the implications of the introduction of accrual-based accounting in technical, human resource and systems terms. The workshop will assist both finance managers and general managers whose organisations and departments will be affected by IPSAS or IFRS. Benefits of attending – You will be able to: • Apply IPSAS and IFRS to your organisation • Better understand how IPSAS and IFRS affect financial reports and published accounts • Better understand what implications IPSAS and IFRS hold for internal and external audits London, 1 week: £2,300 1 Jun - 5 Jun 2015 3 Aug - 7 Aug 2015 23 Nov - 27 Nov 2015
This intensive workshop will examine each of the standards and consider the implications for participants’ organisations. The consequences for managing the finances of public organisations will be examined, together with the requirements for compliance and even potential unintended consequences. The workshop will also look at the likely cost of implementation and will consider the possible consequences of non-compliance. Participants will be equipped with a business case approach to counter possible opposition voicing the concern that accounting reforms are not a priority. They will leave with a detailed understanding of the accounting requirements of IPSAS and IFRS and will have considered and recorded the required actions for their own organisations which they will be encouraged to formulate into a documented action plan. The workshop is designed to support accountants and finance managers, but will also be of value for senior managers responsible for substantial financial resources. Benefits of attending – You will be able to: • Understand the likely cost of implementation
To learn more about IPSAS and IFRS read our blog post:
‘The importance of International Accounting Standards/Working with accrual-based accounting’ ripainternational.blogspot.co.uk
• Better understand the consequences of non-compliance • Meet possible opposition to implementation from within the organisation by building a strong business case London, 1 week: £2,300 8 Jun - 12 Jun 2015 10 Aug - 14 Aug 2015 30 Nov - 4 Dec 2015
Module 3 IPSAS and IFRS: Implementation and Benefits Realisation This module will consider how to implement the Standards effectively and economically, and with minimal disruption. The approach will be to understand the advantages to the organisation from implementing the Standards, and how benefits realisation can be ensured both for internal and external stakeholders. The workshop will focus on practical implications for public sector organisations, including strategic management and the medium term financial planning framework. Management of the necessary changes and the implications on major systems and processes will also be considered. The workshop will deal with the practical aspects of capacity development and the identification and management of the risks associated with IPSAS implementation. Participants will be shown how to create development plans for the introduction of IPSAS or IFRS in their own organisation and will also consider their own further developmental requirements. Upon completion of this module participants will have had the opportunity to develop skills to aid implementation, capacity development, benefits realisation and risk management plans for the introduction of accounting standards in their organisation. Participants who have completed the full three-week programme should be in a position to provide wider training in their organisations and to contribute to the strategic approach to accounting and financial management as well as the practical implications of implementation. Benefits of attending – You will be able to: • Deal with practical aspects of capacity development • Identify and manage the risks associated with IPSAS and IFRS implementation • Work on development plans for the introduction of IPSAS and consider further developmental requirements 1 week: £2,300 15 Jun - 19 Jun 2015 17 Aug - 21 Aug 2015 7 Dec - 11 Dec 2015
Integrated Financial Management Systems (IFMIS): Re-Engineering & Implementation The need for accurate management information has never been greater. There is no shortage of data but information is often in short supply. The opportunity now exists to integrate traditional financial information with service and product information to provide managers with a comprehensive and cohesive view of the business as a whole. This should enable managers to manage productivity and service delivery much more effectively. International Financial Management Information Systems (IFMIS) applications are important in improving both financial management and administration. Their benefits include: • Bringing together data into collated meaningful information • Enabling automated and self-service processes that reduce costs, improve accuracy and generate much more up to date information • Linking processes so that they occur in a seamless way (e.g. procurement to purchasing to accounts payable) • Introducing controls that reduce risks associated with financial transactions There is a range of systems on the market varying in functionality and scale. The most high profile providers are SAP and Oracle but there are many others of differing scales and functionality. The most suitable will depend on your organisation’s activities, scale and specific requirements. Just as important, however, is to implement them in a way that best fits the organisation’s requirements. This includes system set-up, process redesign, training, compliance and design of reporting facilities. All of these need careful planning and implementation if success is to be secured. They have also to be introduced within the overall information and ICT strategies of the organisation. What you will learn: • What can IFMIS do to transform your organisation • How the principal parts of IFMIS work together • How data can be stored at the lowest level to facilitate reporting and accurate allocations of income and expenditure • The importance of compliance with international accounting standards and best practice • The need for systems re-engineering to obtain the best results from the investment in software • The importance of links between financial data and service data Benefits of attending – You will be able to:
Working with accrual-based accounting
• Identify the benefits of IFMIS and the need for investment in systems and training • Understand the potential to measure performance and productivity and to compare with other similar organisations • Identify risks and trends in performance over time • Improve the comparability with partner organisations
Tel: +44(0)20 7470 9100 | www.ripainternational.co.uk
1 week: £2,300 18 May – 22 May 2015 9 Nov – 13 Nov 2015
Strategic Tax Management In the aftermath of the global financial crisis, effective tax administration is an essential element in ensuring, restoring and sustaining sound public finances. In the global economy, tax authorities need to be alert and responsive to changing demands and challenges from taxpayers. A strategic approach to tax management provides the most effective way to respond to challenges in an integrated and holistic manner. This programme will give senior managers the opportunity to review their current performance and develop strategies for modernising tax administration. Participants will be able to adopt a comprehensive and strategic approach to modernising tax administration, whilst addressing the key issues that practically improve taxpayer compliance, increase yield and strengthen organisation capacity. The programme’s interactive style is ideal for senior officials, directors and managers keen to develop the necessary knowledge and attributes to support their organisation’s capabilities in delivering an effective and efficient tax administration service. What you will learn: • Identify and develop a common view of the key challenges facing the organisation • Analyse key stakeholders and their different interests • Identify strategic revenue goals and how to plan to achieve them
• Develop an integrated approach to compliance management • Adopt risk analysis and yield management techniques • Review organisational structure to meet future requirements • Ensure sound financial systems and accounting Benefits of attending – You will be able to: • Understand the challenges faced by your organisation and the drivers for change • Adopt a strategic approach to change and modernisation • Understand the needs of different customer groups • Develop an integrated approach to compliance ranging from improving customer service and support to tackling fraud and avoidance • Review policies, processes and HR practices in line with the ones that exist in your organisation • Manage effective communications with key stakeholder groups • Develop workable action plans to deliver strategic goalsconsider further developmental requirements 2 weeks: £3,850 2 Nov – 13 Nov 2015
• Set high level performance targets with supporting information systems • Review and strengthen tax policy to deliver strategic goals • Minimise non-compliance and tax avoidance opportunities • Develop strategies for dealing with major and global businesses • Enable simplification and streamlining of processes
Reserve your place now... RIPA International Barnard’s Inn, 86 Fetter Lane London, EC4A 1EN, United Kingdom Telephone: +44 (0)20 7470 9100 Email: ripa.training@capita.co.uk Web: www.ripainternational.co.uk
We can come to you! We recognise that sometimes organisations are presented with unique development needs. For these situations we can offer tailored learning solutions and deliver the programme in your country. Get in touch with us today!
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Tel: +44(0)20 7470 9100 | www.ripainternational.co.uk
Quote "Finance15" when making a booking.
Financial Management and Procurement Faculty schedule Programme name
Start date End date
Strategic Tax Management
02/11/2015
13/11/2015
Financial Risk Management
29/06/2015
03/07/2015
Public Financial Management: Planning and Control
Internally Generated Revenue (IGR)
06/04/2015 20/07/2015 12/10/2015 03/08/2015
17/04/2015 31/07/2015 23/10/2015 07/08/2015
Payroll Management: Costs and Control
27/07/2015
31/07/2015
International Accounting Standards: IPSAS and IFRS
01/06/2015 03/08/2015 23/11/2015 01/06/2015 03/08/2015 23/11/2015 08/06/2015 10/08/2015 30/11/2015 15/06/2015 17/08/2015 07/12/2015 18/05/2015 09/11/2015
19/06/2015 21/08/2015 11/12/2015 05/06/2015 07/08/2015 27/11/2015 12/06/2015 14/08/2015 04/12/2015 19/06/2015 21/08/2015 11/12/2015 22/05/2015 13/11/2015
The Complete Procurement Cycle
13/04/2015 12/10/2015
01/05/2015 30/10/2015
A Modern Approach to Procurement: A Strategic Perspective
13/04/2015 12/10/2015
17/04/2015 16/10/2015
Effective Tendering, Award of Contract and Managing your Provider
20/04/2015 19/10/2015
24/04/2015 23/10/2015
Procurement Audit
27/04/2015 26/10/2015
01/05/2015 30/10/2015
Developing National Pension Policies
28/09/2015
02/10/2015
Getting Ready for International Accounting Standards
IPSAS and IFRS: The Standards
IPSAS and IFRS: Implementation and Benefits Realisation
Integrated Financial Management Systems (IFMIS): Re-Engineering & Implementation
RIPA International is a division of Capita Services Limited. Registered office: 71 Victoria Street, Westminster, London SW1H 0XA. Part of Capita plc