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University of Cape Town

Public Sector Financial Reporting

University of Cape Town via GetSmarter

Overview

Gain an in-depth understanding of the intricate frameworks that form the foundation of public sector financial reporting.

On completion of this course, you’ll walk away with: The ability to work with a financial reporting team and implement processes to create annual public financial statements. A thorough comprehension of the differences between the GRAP framework, IFRS, and the modified cash basis relevant to public sector financial reporting. The skills to navigate and manage budget information, cash flow statements, accounting policies, and changes and errors. The accounting principles driving public sector imperatives and methods to accurately report on revenue, assets, liabilities, and working capital. Unlimited access to edX’s Career Engagement Network, offering you exclusive resources and events to support your professional journey and drive your career forward.

Syllabus

  • Orientation module: Welcome to your Online Campus
  • Module 1: Reporting environment for public sector entities
  • Module 2: Conceptual framework for public sector financial reporting
  • Module 3: Preparing financial statements for public sector entities
  • Module 4: Accounting for revenue: Exchange transactions
  • Module 5: Accounting for revenue: Non-Exchange transactions
  • Module 6: Accounting for non-current assets: Property, Plant, Equipment (PPE), and investment property
  • Module 7: Accounting for non-current assets: Intangible, heritage, and living and non-living assets
  • Module 8: Accounting for non-current assets: Impairment of assets
  • Module 9: Accounting for liabilities, provisions, contingent liabilities, and contingent assets
  • Module 10: Disclosures for liabilities, provisions, contingent liabilities, and contingent assets
  • Module 11: Accounting for construction contracts and working capital
  • Module 12: Modified cash basis

Taught by

Shelly Herbert

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