2 IPSAS Benefits to UNAIDS Foreword In keeping with the commitments to harmonize business practices across the United Nations (UN) system, and in response to General Assembly Resolution 60/283 of July 2006 on the adoption of International Public Sector Accounting Standards (IPSAS), the UNAIDS Secretariat, in 2012, successfully implemented IPSAS for financial accounting and reporting. The following table lists the FM chapters which are Doing this will take you to the course registration screen. (The WFP is audited by the NAO) Read more about NAO: IPSAS Compliance Guide (December 2007) IPSAS Policy Framework Revision - 30 December 2016 The International Public Sector Accounting Standards Board® (IPSASB®) works to improve public sector financial reporting worldwide through the development of IPSAS®, international accrual-based accounting standards, for use by governments and other public sector entities around the world. You can skip to any topic you need and get step-by-step procedures for the of the GA-mandated change initiatives (UN Contractual Reform and the new Administration of Justice system). The National Audit Office (NAO) of the United Kingdom has produced this IPSAS Compliance Guide in order to support IPSAS Adoption by the United Nations World Food Programme. What are IPSAS? Extension 1 environments. You must start and finish each course in one sitting. Note that this course matter is veryspecific.Â, CBTs 1 and 2 are recommended for those wanting an overview of IPSAS. This FM is designed to be task oriented. While the subject name may indicate that this relates to finance and accounting, I wish to point out that English and French are the working languages of the United Nations Secretariat. etc. This FM is intended for internal Certifier, Requisitioner (including for Policies, changes in Estimates & Errors, Finance accounting User The strategy for IPSAS adoption by UNICEF translates the vision of management reform within the United Nations into a mission statement, goals and objectives. Accounts Division is responsible for the The UN IPSAS Implementation Team commenced work on the IPSAS Training Plan and other preparatory activities to support the successful transitioning of the organization to the new accounting standards. IPSAS is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms IPSAS - What does IPSAS stand for? Covers treatment of liabilities. International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements. Click on the course name to start the course. Password: UNSAS Since the adoption of the International Public Sector Accounting Standards (IPSAS) in 2006 by the United Nations system through High-level Committee on Management (CEB/2006/3), twenty-one organizations across the United Nations system have completed IPSAS implementation successfully and obtained unqualified audit opinions on their first and subsequent IPSAS-compliant financial … Although most IPSAS standards will be adopted in 2012, the analysis and documenting of UNDP’s policy positions for the applicable 22 IPSAS/IAS … Consultant/IC Services), Sales Distribution User/Sales Any questions relating to the FM can be The UN Treasury is a SWIFT participant and maintains desktop access to the SWIFT Alliance portal in-house. The Institute of Public Management of the Zurich University of Applied Sciences is involved in IPSAS adoption within the Swiss public sector. Changes to Umoja process which are primarily The UNICEF IPSAS Project addresses all of the goals and objectives – and aims to move UNICEF towards improved transparency, accountability and governance. Knowledge of another official United Nations language is an advantage. in the UN IPSAS Policy Framework. status of the International Public Sector Accounting Standards (IPSAS) in United Nations system organizations and to show how this process has been carried out by each organization, with a focus on identifying best practices and possible risks. (GL/AR/AP/CO), Finance accounting Senior Instrument - Accounts Payable, Provisions, International Public Sector Accounting Standards. Secretariat purposes. Project: (1) Encyclopedia article on IPSAS and IPSASB; (2) benefits of IPSAS adoption by United Nations system organizations; and. Accounting User, FM Earmarked Funds Documents This training is especially applicable to 5th Committee members, as it details what will be included in financial statements after IPSAS adoption.Â. functions that may involve changes in systems and procedures; Upgrades and changes to Umoja Foundation solution; User name: IPSAS The United Nations has implemented the International Public Sector Accounting Standards … How to access the training material 3.6.2 The reversal entry then would be as follows: 3.6.3 Annex A: Valuation class, Inventory Account, Consumption Account*, 2.1 Recognition, Derecognition and Measurement of FVTSD, 3.1 Treasury and Risk Management Lifecycle, 3.1.2 Transaction Execution - Foreign Exchange, 3.1.3 Investment Accounting - Daily Process, 3.1.4 Investment Accounting - Period End Process, 3.1.5 Master Data Maintenance - Exchange Rates, 3.1.6 Master Data Maintenance - Reference Interest Rates and Security Prices, 3.1 Introduction to Cash Management Module, 3.2 Cash and Liquidity Management: Reports and Tools, 3.2.1 Cash Position and Liquidity Forecast Reports and Tools, 3.2.1.4 Cash Planning Tool - Memo Records, 3.3.1.1 Process Outgoing Payments - House Bank Method (Method 1), 3.3.1.1.2 Cash Sufficiency Check and Create Payment Release List, 3.3.1.1.5 Review and Manage Payment Batches Following Approval, 3.3.1.2 Process Outgoing Payments- Cash Journal (Method 2), 3.3.1.2.1 Disbursement from the Main Cashier's Imprest, 3.3.1.2.2 Disbursement from Petty Cash Account, 3.3.1.3 Process Outgoing Payments - Payment through UN Agency (Method 3), 3.3.2.2 Confirm the Purpose of the Payment, 3.3.2.3 Examine the Validity of Cash and Cheques, 3.3.2.4 Post Receipt of Payment in Cash Journal, 3.3.2.5 Issue of Receipt, Deposit Cheque and Cash Desk Closing, 3.4.1 Bank Reconciliation - Incoming Payments, 3.4.1.1 Case 1: Incorrect Reference on Bank Statement, 3.4.1.4 Case 4: Payments Received before Receivable is Raised, 3.4.1.5 Case 5: Rejected Outgoing Payment, 3.4.1.6 Case 6: Payments Received in Error, 3.4.2 Bank Reconciliation - Outgoing Payments, 3.4.2.1 Case 1: Incorrect Reference on Bank Statement, 3.4.2.2 Case 2: Bank debits UN accounting error, 3.4.3 Bank Reconciliation - Bank to Bank Transfers, 3.4.3.1 Transfer to a Zero-Balance Account, 3.4.3.2 Transfer to a Non Zero-Balance Account, 3.4.3.3 Posting ZR Document Not Appearing in FEBAN, 3.4.4 Bank Reconciliation - Payroll Related Entries, 3.5.1 Master Data Maintenance - Payee Bank, 3.5.2 Master Data Maintenance - House Bank, 3.5.3 Master Data Maintenance - Bank Reference List, 2.1 Recognition, Derecognition and Measurement of Loans and Receivables, 2.2 Identification of Financial Instruments - Assets, 3.1 Introduction to Accounts Receivable Module, 3.1.2 Document Status, Workflow Status and Workflow Routing, 3.1.4 General Ledger (GL) Account Used in Accounts Receivable, 3.1.4.2 Non-Exchange Contributions and Loans Payable (Borrowings), 3.1.7 Enterprise Roles Involved in Accounts Receivable, 3.2.1.1 Customer Invoice Processing through Manual Entry, 3.2.1.2 Customer Invoice Processing through Interface, 3.2.1.3 Customer Invoice Processing from Upstream Processes, 3.2.2.1 Customer account is identified along with specific invoice to be cleared, 3.2.2.2 Customer account is not identified, 3.2.2.3 Customer account is identified, no specific invoice can be cleared, 3.2.2.4 Customer account and open invoice are subsequently identified, 3.2.2.5 Reconcile incoming payments in customer accounts sub-ledger, 3.2.2.6 Incoming payment posted to Unapplied Cash was received in error, 3.2.2.7 Issuance of CRV (Cash Receipt Voucher) for assessed contributions, 3.3 Subsequent Measurement - Write Offs and Allowance, 3.3.1 Allowance for Doubtful Accounts (AFDA), 2.1.1 Financial Liabilities - Classification and Measurement, 2.2 Identification of Financial Instruments - Liabilities, 3.1 Introduction to Accounts Payable Module, 3.1.4 General Ledger (GL) Account used in Accounts Payable, 3.1.4.2 Advances Paid and Loans Receivable, 3.2.1 Invoice Processing with Purchase Order (PO), 3.2.1.1 Invoice Processing with PO with VAT and with Retention, 3.2.1.2 Invoice Processing with PO with Invoice Reduction, 3.2.1.3 Invoice Processing with PO with Unplanned Charges, 3.2.1.7 Evaluated Receipt Settlement (ERS), 3.2.3 Adjustment for Credit Invoices with Vendors, 3.2.3.2 Credit Memo Processing without PO, 3.2.4.1 Invoice Processing with VAT Reimbursable by Government, 3.2.4.5 Invoice Processing with VAT Non-Reimbursable by Government, 3.2.5.1 Replenishment of the UN Agency (UNDP) Account, 3.2.5.2.2 Accounts Payable (AP) - Invoice without PO, 3.2.5.2.3 Accounts Payable (AP) - Invoice with PO, 3.2.5.3 Financial Authorization (FA) Form, 3.2.5.4 Upload the Service Clearing Account (SCA) File, 3.2.5.5.1 Reconciliation of the Advance/Replenishment Document, 3.2.5.5.2 Reconciliation of Funds Commitment (FC) Document, 3.2.5.5.2.2 Rejection of a SCA Line that is a credit, 3.2.5.5.2.3 Rejection of a SCA Line in foreign currency, 3.2.5.5.2.4 Confirmation of payment rejection, 3.2.5.5.2.5 Post a SCA Line on a different Funds Commitment or directly to expense, 3.2.5.5.2.7 Reverse an incorrectly posted SCA Line and manually create new document, 3.2.5.5.2.8 Post the SCA Line against Accounts Payable (with PO) invoice, 3.2.5.5.3 Reconciliation of Accounts Payable (AP) Document, 3.2.5.5.3.1 Error log is: 'PRK-NO clearing doc', 3.2.5.5.3.2 Post a SCA Line on the AP found, 3.2.5.5.3.5 Post a SCA Line on bank charges account, 3.2.5.5.3.6 Post a SCA Line (partially and fully) on expense account, 3.2.5.5.3.7 Reverse an incorrectly posted SCA Line and manually create new document, 3.2.5.5.3.8 Post the SCA Line against Funds Commitment, 3.2.5.5.4 Reconciliation of Purchase Order (PO) Document, 3.2.5.5.4.2 Confirmation of payment rejection, 3.2.5.5.4.3 Post a SCA Line on a different Purchase Order, 3.2.5.5.4.4 Post a SCA Line on bank charges account, 3.2.5.5.4.5 Reverse an incorrectly posted SCA Line and manually create new document, 3.2.5.5.5 Reconciliation of Incoming Deposit, 3.2.5.6 Clearing of SCA Advance Account (GL 18105010), 3.2.5.7 Virtual Payment of Outstanding Payable to UNDP, 3.2.7.1 Replenish or Establish Petty Cash Fund, 3.2.7.4 Process Cash Journal Transactions, Chapter 15 - Provisions, Contingent Liabilities and Contingent Assets, 2.1 Provisions, Contingent Liabilities and Assets, 2.1.3 Adjusting, Utilizing and Reversing of Provisions, 3.1.5 Discounting and Unwinding Provisions, 3.4.3 Step 2: Identification and measurement, 3.4.5 Step 4 & 5: Accounting assessment and Umoja accounting entry, 3.5 Desktop Procedures: Events after the Reporting Date, 5.1 Reassessment Analysis and Summary (Cases Handled Outside of UNHQ), 5.2 Assessment of Pending AoJ Cases before UNDT (Handled Outside of UNHQ), 5.3 Assessment of Pending Non-AoJ Cases (Handled by Offices/Missions), 6 The United Nations Internal Justice System Chart, Chapter 16 - Presentation of Financial Statements and Disclosures, 2.2 Preparation and Presentation of General Purpose Financial Reports, 3 UN Volume I's Model Financial Statements, 3.1 Statement I: Statement of Financial Position, 3.2 Statement II: Statement of Financial Performance, 3.3 Statement III: Statement of Changes in Net Assets, 3.4 Statement IV: Statement of Cash Flows, 3.5 Statement V: Statement of Comparison of Budget and Actual Amounts, 4.2 Note 2: Basis of preparation and authorization for issue, 4.3 Note 3: Significant accounting policies, 4.9 Note 9: Assessed contributions: receivables from non-exchange transactions, 4.10 Note 10: Voluntary contributions: receivables from non-exchange transactions, 4.11 Note 11: Other accounts receivable: receivables from exchange transactions and loans, 4.15 Note 15: Property, plant and equipment, 4.17 Note 17: Accounts payable and accrued liabilities, 4.19 Note 19: Employee benefit liabilities, 4.21 Note 21: Tax Equalization Fund liability, 4.23 Note 23: Activities controlled by the Organization, 4.26 Note 26: Revenue from non-exchange transactions, 4.28 Note 28: Health and dental self-insurance plans, 4.30 Note 30: Financial instruments and financial risk management, 4.31 Note 31: Financial instruments: cash pools, 4.34 Note 34: Contingent liabilities and contingent assets, 4.35 Note 35: Events after the reporting date, 5 Business Planning and Consolidation (BPC) Procedures, 5.2 Generate Notes to the Financial Statements, 5.3 Update or Modification to Report/Input Form Worksheet, 5.3.1 Hide or Remove Empty Rows or Columns or Rows or Columns with Zero Values, 5.3.2 Manually Add Excel Formula into Blank Member Cell, 5.3.4 Customize Member Name in the Report, 5.3.5 Remove Dimension's Member(s) from Existing Report, 5.3.6 Generate Several Reports or Input Form Reports into Several Worksheets, Chapter 17 - Accounting Policies, Changes in Estimates and Errors, 2.6 Enterprise Roles Involved in General Ledger, 3.2.3.3 Reversing an Incorrectly Posted Accrual Document, 3.2.4.2 Setting Recurring Entry for Multiple Documents, 3.3 Review of Open Item Managed (OIM) GL Accounts, 3.3.1 Cash Payment Rejected by Bank - GL 11479997, 3.3.2 Cash Journal Clearing - GL 11711000, 3.3.3 Invoice Reduction Clearing - GL 19901010, 3.3.5 Accrued Discount Clearing - GL 35109910, 3.3.6 Cash Payment Clearing - GL 35109920, 3.3.7 AP Exch Goods Receipts Payable GR-IR - GL 35401010, 3.3.8 AP Exch Goods Receipts Payable GR-IR - Conversion - GL 35401014, 3.3.9 Progen Payroll Net Pay Clearing - GL 35591010, 3.3.10 Progen Payroll Various Clearing - GL 355910XX, 3.3.12 AP Unapplied Cash Journal - GL 39201020, 5.1.1 Phase 1: Pre-closing Check / Readiness, 5.1.3 Phase 3: Reconciliation and Adjustment. 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