Hughes implementing ipsas to improve public financial management
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Dr. Jesse Hughes
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Hughes implementing ipsas to improve public financial management
- 1. Dr. Jesse Hughes, CPA, COA, CGFM ICGFM Winter Conference 7 December 2010
- 10. Transition Steps for IPSAS Implementation Dr. Jesse Hughes, CPA, COA, CGFM 7. Prepare proforma Statement of Financial Performance. 6. Prepare IPSAS-compliant opening and closing Statements of Financial Position. 5. Pilot test IPSAS policies and procedures in the new/upgraded information system. 4. Prepare Policy and Procedures Manual for approved IPSAS policies. 3. Assess the information system changes required. 2. Train staff. 1. Develop organizational transition plan and coordinate with auditors. 8. Prepare proforma Statement of Net Assets/Equity. 9. Prepare proforma Statement of Cash Flows. 10. Prepare proforma Statement of Comparison of Budget to Actual Amounts. 11. Prepare proforma IPSAS-complaint statements for controlled entities. 12. Prepare proforma Consolidated Statements.