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Dr. Jesse Hughes, CPA, COA, CGFM ICGFM Winter Conference 7 December 2010
Public Financial Management Improvements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Auditing Standards ,[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Education Standards ,[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
The Purpose of Accounting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
The Accounting System and Accounting Standards ,[object Object],[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Benefits of Accrual Accounting ,[object Object],[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Benefits of Accrual Accounting (continued) ,[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Applicability of IPSAS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Transition Steps for IPSAS Implementation Dr. Jesse Hughes, CPA, COA, CGFM 7. Prepare proforma Statement of Financial Performance. 6. Prepare IPSAS-compliant opening and closing Statements of Financial Position. 5. Pilot test IPSAS policies and procedures in the new/upgraded information system. 4. Prepare Policy and Procedures Manual for approved IPSAS policies. 3. Assess the information system changes required.  2. Train staff.  1. Develop organizational transition plan and coordinate with auditors. 8. Prepare proforma Statement of Net Assets/Equity. 9. Prepare proforma Statement of Cash Flows. 10. Prepare proforma Statement of Comparison of Budget to Actual Amounts. 11. Prepare proforma IPSAS-complaint statements for controlled entities. 12. Prepare proforma Consolidated Statements.
Future IPSAS (?) ,[object Object],[object Object],[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, COA, CGFM
Key Indicators in Public Sector Financial Statements ,[object Object],[object Object],[object Object],Dr. Jesse Hughes, CPA, CGFM
 
 
 
ICGFM Standards Committee ,[object Object],[object Object],[object Object]

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Hughes implementing ipsas to improve public financial management

  • 1. Dr. Jesse Hughes, CPA, COA, CGFM ICGFM Winter Conference 7 December 2010
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  • 10. Transition Steps for IPSAS Implementation Dr. Jesse Hughes, CPA, COA, CGFM 7. Prepare proforma Statement of Financial Performance. 6. Prepare IPSAS-compliant opening and closing Statements of Financial Position. 5. Pilot test IPSAS policies and procedures in the new/upgraded information system. 4. Prepare Policy and Procedures Manual for approved IPSAS policies. 3. Assess the information system changes required. 2. Train staff. 1. Develop organizational transition plan and coordinate with auditors. 8. Prepare proforma Statement of Net Assets/Equity. 9. Prepare proforma Statement of Cash Flows. 10. Prepare proforma Statement of Comparison of Budget to Actual Amounts. 11. Prepare proforma IPSAS-complaint statements for controlled entities. 12. Prepare proforma Consolidated Statements.
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