Public sector entities in Kenya have been reporting using International Public Sector Accounting Standards, Cash or Accrual, except for commercial Public sector entities that report using International Financial Reporting Standards. This standardized reporting has enhanced quality and comparability within the public sector.

Since 2014, some public sector entities have been reporting on a modified cash basis of accounting. The gaps experienced in cash accounting have led to the need for accrual accounting. 

       

       

Objective of the Course

The goal of this course is to equip public sector entities with the knowledge and skills to transition from cash to IPSAS-compliant accrual accounting for improved transparency, accountability, and financial management.

Specific Objectives

• Define accrual accounting and differentiate it from cash accounting.
• Identify benefits and justifications for moving to accrual accounting.
• Formulate IPSAS-compliant accounting policies and apply judgment where needed.
• Explain alignment between accrual accounting and budgeting.
• List benefits of accrual reporting for operations and service delivery.
• Describe transition process prerequisites and readiness factors.
• Compare Big Bang and phased transition approaches under IPSAS 33.
• Apply the phased transition roadmap to asset and liability recognition.
• Implement transition requirements for asset valuation and deemed cost.
• Participate in discussions to share experiences and feedback on the module.