Our Blog Posts are professionally selected and expertly crafted to equip you with the extra knowledge and skills you need to stay on top of the charts always…
IPSAS Budget Presentation and Management: Practical Implementation Issues and Challenges
Budget is one of the most important elements of public sector accounting, as it expresses government intentions and plans in financial terms. We can easily…
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Custom Cashbook Template For IPSAS Accounting
n theory and practice, Cash-based IPSAS accounting may not present a serious bookkeeping challenge because it is based on recognising all inflows as Receipts (Revenue)…
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IPSAS Accounting Template for a Centralised, Consolidated System
Preparing the consolidated accounts based on input from various government ministries, agencies, and departments (MDAs) is one of the high points of IPSAS accounting. The…
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The Challenge of Transitioning from Cash-Based Accounting to Accrual IPSAS (Part 2)
Successful implementation of the transition from cash-based accounting to an accrual-based accounting system requires a change in methods and procedures. The accounting manual and procedures…
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The Challenge of Transitioning from Cash-based Accounting to Accrual IPSAS (Part 1)
Nigeria's public sector accounting system has known nothing other than Cash-based accounting since its inception more than sixty years ago. The Nigerian Generally Accepted Accounting…
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IPSAS Transition Management: The First-Time Adoption Requirements
First-time adoption is a standard procedure required for all entities adopting IPSAS or IFRS for the first time as the mandatory first step towards full…
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IPSAS Implementation and Compliance Framework
Although both IFRS and IPSAS have provided the relevant implementation guidelines under the First-Time Adoption of the standards (IFRS 1 and IPSAS 33), these guidelines…
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IPSAS National Chart of Accounts: Implementation and Maintenance Issues and Challenges
The FAAC Sub-Committee on IPSAS did an excellent job in their overall performance, preparing Nigeria for the takeoff of IPSAS. The present coding and structural…
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Understanding the IPSAS National Chart of Accounts
One of the goals of IPSAS is the attainment of uniform accounting measurements and reporting across the various tiers of government to enable comparability of…
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IPSAS Adoption, Implementation, and Compliance in Nigeria: Uncharted Journey Plagued with Lethargy
The International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) were adopted as the official accounting standards for Nigeria in 2010, under…
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Is This President Tinubu’s “Nigeria First” Agenda?
President Tinubu's policy of Nigeria First in the procurement of goods is a welcome development. But what are its implications for the implementation of IPSAS…
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