Training on Public Procurement and Asset Disposal Regulation

This course provides a comprehensive understanding of the Public Procurement and Asset Disposal (PPAD) regulatory framework, guiding participants through the legal, procedural, and ethical dimensions of procurement in the public sector. It explores how public entities can ensure transparency, fairness, value for money, and compliance with regulatory requirements in procurement and asset disposal activities. Through real-world examples and practical sessions, participants will gain the knowledge to apply the PPAD Act and Regulations effectively in their daily operations. By the end of the course, participants will have the confidence to manage procurement processes and asset disposals in line with established laws and good governance principles.

Duration

10 Days

Who Should Attend

• Procurement and supply chain officers

• Members of tender and evaluation committees

• Auditors and compliance officers

• Legal and finance professionals in public institutions

• Policy makers and regulators overseeing procurement functions

Organizational Impact:

• Strengthens compliance with national procurement and disposal laws

• Promotes transparency and accountability in public spending

• Reduces procurement risks and audit queries

• Improves efficiency in asset management and disposal processes

Individual Impact:

• Enhances understanding of procurement laws and ethical standards

• Builds capacity to interpret and apply PPAD regulations effectively

• Improves ability to manage procurement and disposal processes professionally

• Strengthens integrity and accountability in procurement roles

By the end of this training, participants will be able to:

• Understand the principles and framework of public procurement and asset disposal laws.
• Apply relevant legal and procedural requirements of the PPAD Act and its Regulations.
• Manage procurement planning, tendering, and contract implementation in compliance with the law.
• Handle asset disposal processes efficiently and transparently.
• Identify and mitigate common risks and non-compliance issues in procurement activities.

Module 1:Introduction to Public Sector Entities

• Nature of Public Sector Entities
• Difference between Public and Private Sector Accounting
• Importance of Budgeting in the Public Sector
• Public Financial Management Framework
• Overview of IFAC and IPSASB
• Introduction to IPSAS
• Case Study: A national government transitions from cash-based accounting to accrual accounting. What challenges do they face, and how do they resolve them?

Module 2 :Basis of Accounting

• Cash Basis of Accounting
• Accrual Basis of Accounting
• Modified Cash Basis
• Modified Accrual Basis
• Case Study: A municipal government faces challenges in implementing accrual accounting. Analyzing their transition plan and the outcomes.

Module 3 :Accounting for Assets

• Property, Plant & Equipment
• Inventory
• Intangible Assets
• Investment Property
• Leases and Borrowing Costs
• Agriculture Accounting
• Impairment of Cash and Non-cash Generating Assets
• Service Concession Arrangements
• Case Study: A government agency procures new assets but fails to account for depreciation. How does this affect financial statements?

Module 4 :Accounting for Revenue Recognition

• Revenue from Exchange Transactions
• Revenue from Non-Exchange Transactions
• Case Study: A government receives donor funds for infrastructure development. How should this revenue be recognized under IPSAS?

Module 5 :Accounting for Liabilities

• Provisions
• Contingent Liabilities
• Lease Liabilities
• Employee Benefits
• Case Study: A public hospital incurs a legal liability. How should it be recorded under IPSAS?

Module 6 :Financial Instruments

• Financial Assets, Financial Liabilities & Equity
• Recognition of Financial Instruments
• Fair Value Measurement
• Impairment of Financial Assets
• Hedging and Hedge Accounting
• Case Study: A public university invests in treasury bonds. How should these financial instruments be recorded?

Module 7:Presentation of Financial Statements

• Presentation of Financial Statements
• Statement of Cash Flows
• Interim Financial Reporting
• Selection of Accounting Policies and Accounting Estimates
• Events After the Reporting Period
• Consolidated Financial Statements
• Budget Information in Financial Statements
• Case Study: A local government presents budget information in financial statements. How does this enhance transparency?

Module 8 :Financial Reporting under Cash Basis

• Cash Basis IPSAS
• Presentation and Disclosure Requirements
• General Requirements
• First-time Adoption of Accrual Basis IPSAS from Local Cash Basis Standards
• Foreign Currency Transactions and Balances
• Case Study: A developing country shifts from cash basis to IPSAS cash basis accounting. What reporting improvements are seen?

Module 9 :IPSAS Financial Performance

• Non-exchange Revenue (IPSAS 23)
• Exchange Revenue (IPSAS 9)
• Construction Contracts (IPSAS 11)
• Property, Plant, and Equipment (IPSAS 17)
• Intangible Assets (IPSAS 31)
• Investment Property (IPSAS 16)
• Impairment of Assets (IPSAS 21 & 26)
• Borrowing Costs (IPSAS 5)
• Inventories (IPSAS 12)
• Case Study: A government entity applies IPSAS standards to measure financial performance. What changes do they observe?

Module 10 :First-Time Adoption of IPSAS

• First-time Adoption of Cash Basis IPSAS
• Transitioning from Cash Basis to Accrual Basis IPSAS
• Adoption Challenges and Best Practices
• Case Study: A government institution adopts IPSAS for the first time. What lessons can be learned from their experience?