Our Publications
Browse our special publications crafted to elevate your expertise in accounting and financial management and keep you ahead of the pack
IPSAS IMPLEMENTATION AND THE SYSTEM CHALLENGE: THE NIGERIAN EXPERIENCE
A PRACTICAL GUIDE FOR HASSLE-FREE IPSAS IMPLEMENTATION
Nigeria’s decision to adopt the International Public Sector Accounting Standards (IPSAS) in 2010 can only be considered the first step in the march towards accountability and transparency in the management and reporting of public finance. Along the way are a myriad of challenges—human, environmental, cultural, and technological—that are already threatening to derail the program, compromise the objectives of IPSAS, and void its expectations.
IPSAS is expected to provide a transparent, universal accounting framework and policies needed to ensure uniform accounting and financial reporting among all the public sector entities in Nigeria. As of the end of 2020, Nigeria was already seven years into IPSAS adoption. The first three years were spent on implementing the Cash-based Standard, while the Accrual Standards came into effect in 2016. However, every honest assessment of the results so far will lead to only one conclusion: The IPSAS train is tottering.
Implementation of IPSAS and holistic compliance with IPSAS policies go beyond executive proclamations. Successful implementation and compliance with IPSAS require conscious efforts, determination, and discipline to create the right environment needed to drive and embed the change in the system. This involves education, change management, and the deployment of bespoke information technology management tools to address all possible domestication issues and constraints that could stall or derail the project.
IPSAS IMPLEMENTATION AND THE SYSTEM CHALLENGE: THE NIGERIAN EXPERIENCE is not about accounting theories. It is about real-life challenges you will encounter during the implementation of IPSAS and how to resolve them. It is your practical guide for the smooth and successful implementation of IPSAS, based on painstaking field experience and study. The book provides a clinical analysis of issues, problems, and their solutions by a system analyst with more than two decades of experience in the design, development, and implementation of accounting systems. Although the case studies are drawn from the Nigerian experience, the materials in this book can be applied to IPSAS implementation projects in any jurisdiction, anywhere in the world.
You can click the link to order from Amazon or call 09132312209 to purchase locally.
MAKE IT REAL: IFRS ACCOUNTING AND FINANCE FOR REAL ESTATE
A PRACTICAL MANUAL ON IFRS ACCOUNTING AND FINANCE FOR REAL ESTATE AND INVESTMENT PROPERTY
Real Estate accounting demands holistic compliance with all the relevant provisions of the International Financial Reporting Standards (IFRS). The core Standards applicable to Real Estate include IAS 40 (Investment Property), IAS 16 (Property, Plant, and Equipment), IAS 2 (Inventory), IFRS 16 (Leases—formerly IAS 17), IFRS 15 (Revenue from Contracts with Customers—which merges what was formerly Revenue (IAS 18) with The Construction Contract (IAS 11) and all the previous Interpretations (IFRICs) on Revenue. Apart from accounting for Investment Properties meant for sale or lease, Real Estate entities that are also engaged in the construction of Real Estate projects must comply with IFRS 15 in accounting for these projects—from Work-in-Progress to completion.
The last chapter of this book focuses on financial calculations relevant to Real Estate—something many people find intimidating. We have simplified these calculations by providing detailed explanations and solved examples to aid practical understanding for both professionals and non-professionals. The list of calculations included in this book is as follows: Future Value (FV), Sinking Fund Factor (SFF) and Sinking Fund Schedule, Present Value (PV), Annuity, Discounted Cash Flow (DCF), and Internal Rate of Return (IRR).
We hope this book will add tremendous value to your skill and expertise as a player in the Real Estate sector.
To order this book from Amazon, click the link or call 09132312209 to purchase locally.