Accounting and Auditors Board of Ethiopia (AABE)

IFRS and IPSAS training tentative program

Monday (Hidar 28) Tuesday (Hidar 29) Wednesday (Hidar 30) Thursday (Tahisas 1) Friday (Tahisas 2)
Underlying concepts Measurement Non-financial asset Financial instruments IPSAS Cash Basis
impairments
09:00 Purpose, structure, scope Presentation and disclosure Principles of Impairment of cash- Financial instruments IPSAS Cash Basis of
and use of GPFI (IPSAS, presentation generating assets: scope Accounting
IFRS and the IFRS for SMEs)  financial statement presentation recoverable amount is >
 budget information of: (i) value in use; and
 use around the world
 going concern
 objective (ii) fair value less costs to
 fair presentation
 qualitative characteristics sell
 accounting policies,
estimates and errors
 IPSAS hierarchy
Principles of disclosure
 Most significant judgements
 major sources of estimation
uncertainty
 events after the reporting period
 related party disclosures
10:30 Coffee coffee Coffee coffee Coffee
11:00 Purpose, structure, scope Cross-cutting measurement issues Impairment of non-cash- Financial liabilities IPSAS Cash Basis of
and use of GPFI (IPSAS, generating assets: Accounting (continued)
 historical cost
IFRS and the IFRS for SMEs) recoverable service
 cost model
amount is > of:
 elements  revaluation model
(i) value in use; and
 sub-classification of  fair value model
(ii) fair value less costs to
elements (presentation)  amortised cost
sell
 variable consideration
12:30 Lunch Lunch lunch lunch lunch

Afternoon: Afternoon Afternoon: Non-financial Afternoon: Overarching case Afternoon Transitioning from
Presentation and disclosure Fair value measurement liabilities, combinations and study and first-time adoption IPSAS Cash Basis to IPSAS
 consolidations of IPSAS accrual Accrual Basis
13:30 Purpose, structure, scope and Fair value measurement: Non-financial liabilities: Financial assets Transitioning from Cash Basis
use of GPFI (IPSAS, IFRS  non-financial assets IPSAS to Accrual Basis
 provisions
and the IFRS for SMEs)  non-financial liabilities IPSAS
 contingent liabilities
 financial instruments
 recognition criteria  onerous contracts
(assets and liabilities)
 measurement  employee benefits
 disclosure  leases
 entity specific  foreign currency translation
assessment thresholds
15:00 coffee coffee coffee coffee coffee
15:30 Reporting financial Agriculture Consolidated financial Investment assets outside the First-time adoption of Accrual
performance statements scope of IPSAS 29 Basis IPSAS
 functional currency
 public sector combinations
 revenue from non-
 goodwill and ‘negative
exchange transactions
goodwill’
 revenue from exchange
 special purpose entities
transactions
 investments in associates
 construction contracts
and joint ventures
 other income and
 joint arrangements
expense
16:30 Separate financial statements Q&A, participant feedback

17:00 close close close close close