One-Day Practical Training Programme for Government Accountants and Finance Officers
Improve Financial Reporting, Transparency, and Compliance in the Public Sector
Sri Lanka Public Sector Accounting Standards (SLPSAS) have been introduced to improve the quality, consistency, transparency, and accountability of financial reporting within government institutions and public sector organizations. Understanding and implementing SLPSAS is essential for accountants, finance officers, auditors, and management personnel responsible for preparing and reviewing financial statements.
This practical training programme provides participants with a comprehensive understanding of SLPSAS requirements and their application in day-to-day public sector accounting and financial reporting.
More Details
Phone: 0777889838
Why SLPSAS is Important
Public sector organizations are increasingly expected to provide accurate, transparent, and reliable financial information. SLPSAS helps improve financial management practices by establishing uniform accounting principles and reporting standards across government institutions.
Benefits of SLPSAS implementation include:
- Improved financial transparency
- Enhanced accountability for public funds
- Better decision-making through reliable financial information
- Consistent financial reporting practices
- Improved audit outcomes
- Increased stakeholder confidence
- Better management of public resources
Who Should Attend?
This programme is ideal for:
- Accountants
- Chief Accountants
- Finance Managers
- Finance Officers
- Internal Auditors
- Directors Finance
- Administrative Officers
- Treasury Officers
- University Finance Staff
- Provincial Council Officers
- Municipal Council Finance Officers
- State Corporation Officers
- Government Department Officials
- Public Enterprise Finance Personnel
Learning Objectives
At the end of this programme, participants will be able to:
- Understand the principles and objectives of SLPSAS
- Apply SLPSAS requirements to financial reporting
- Prepare financial statements in compliance with standards
- Recognize and measure assets and liabilities correctly
- Improve financial disclosure practices
- Address common accounting and audit issues
- Strengthen financial management and governance
Course Content
Introduction to SLPSAS
- Background of Public Sector Accounting Standards
- Objectives of SLPSAS
- Benefits of Standardized Financial Reporting
- Role of Financial Reporting in Public Sector Governance
Conceptual Framework
- Objectives of Financial Reporting
- Users of Financial Statements
- Qualitative Characteristics of Financial Information
- Recognition and Measurement Principles
Presentation of Financial Statements
- Structure and Components of Financial Statements
- Statement of Financial Position
- Statement of Financial Performance
- Cash Flow Statement
- Statement of Changes in Net Assets/Equity
- Notes to Financial Statements
Accounting Policies and Estimates
- Selection of Accounting Policies
- Changes in Accounting Policies
- Accounting Estimates
- Error Corrections
- Disclosure Requirements
Property, Plant and Equipment
- Asset Recognition
- Initial Measurement
- Depreciation Methods
- Asset Revaluation
- Disposal of Assets
- Disclosure Requirements
Inventory Accounting
- Inventory Recognition
- Measurement and Valuation
- Inventory Control Systems
- Inventory Reporting
Revenue Recognition
- Exchange Transactions
- Non-Exchange Transactions
- Grants and Contributions
- Revenue Measurement Principles
Employee Benefits
- Short-Term Employee Benefits
- Retirement Benefits
- Recognition and Disclosure Requirements
Provisions and Contingencies
- Recognition of Provisions
- Contingent Assets
- Contingent Liabilities
- Disclosure Requirements
Cash Flow Statements
- Operating Activities
- Investing Activities
- Financing Activities
- Preparation Techniques
- Common Reporting Issues
Common SLPSAS Challenges Discussed
Participants will learn how to address common issues such as:
- Asset valuation difficulties
- Incomplete asset registers
- Revenue recognition problems
- Inadequate disclosures
- Cash flow statement preparation errors
- Audit observations relating to financial statements
- Accounting policy inconsistencies
- Weak documentation practices
Practical Areas Covered
The training includes practical examples on:
- Preparing financial statements
- Asset accounting and depreciation
- Cash flow statement preparation
- Disclosure requirements
- Audit readiness
- Financial statement analysis
- Compliance with accounting standards
Benefits of Attending
Participants Will Learn How To:
✔ Prepare SLPSAS-compliant financial statements
✔ Improve the quality of financial reporting
✔ Reduce accounting errors and audit findings
✔ Strengthen transparency and accountability
✔ Understand practical applications of standards
✔ Enhance professional knowledge and skills
✔ Improve financial governance within organizations
✔ Support effective management decision-making
Why Choose PRAG Institute?
PRAG Institute has extensive experience in delivering professional training programmes for government institutions, ministries, provincial councils, universities, local authorities, and state-owned enterprises.
Our programmes combine practical applications, case studies, current accounting developments, and public sector best practices to ensure participants gain valuable knowledge that can be immediately applied in their workplace.
Frequently Asked Questions
Is this programme suitable for beginners?
Yes. The programme covers both fundamental and advanced SLPSAS concepts, making it suitable for officers with varying levels of experience.
Will practical examples be discussed?
Yes. Real-life examples and financial reporting scenarios are included throughout the programme.
Is this training relevant to government institutions?
Absolutely. The programme is specifically designed for public sector organizations and government institutions in Sri Lanka.
Will audit-related issues be covered?
Yes. Common audit observations relating to SLPSAS implementation and financial reporting will be discussed.
Register for the SLPSAS Training Programme
Strengthen your knowledge of public sector accounting standards and improve financial reporting quality within your organization.
Contact PRAG Institute
Phone: 0777 889838
Email: info@pragservice.com
Website: www.pragservice.com