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- Tasks: Join us to explore International Accounting Standards and their major applications in finance.
- Company: Civil Service College is dedicated to enhancing public sector financial management through expert training.
- Benefits: Gain insights into global standards while enjoying a collaborative learning environment in London.
- Why this job: This course empowers you to improve financial reporting and governance, making a real impact.
- Qualifications: No specific qualifications required; just a passion for finance and learning!
- Other info: Course runs from 4-8 August 2025, with a fee of £2,850.
The predicted salary is between 36000 - 60000 £ per year.
- International Accounting Standards – Major Application Areas, Systems and Processes
International Accounting Standards – Major Application Areas, Systems and Processes
Dates:
- 4 – 8 August 2025 – London (£2,850)
Course Outline
International Accounting Standards are being implemented widely across the world – IFRS primarily aimed at the private sector with IPSAS tailored to the public sector’s specific circumstances. Understanding the major applications areas, and systems and processes are key to ensuring that your organisation adopts and applies the Standards effectively – to optimise the benefits and remain compliant. The Standards are designed to improve financial reporting, financial management, transparency and accountability, and introduces a common accrual-based approach enhancing financial accountability and corporate governance.
This course builds on core knowledge relating to the Standards. It looks at particular major areas of accounting and sets out the Standards’ requirements and their implications for organisations. The areas examined will include Foreign Currency, Financial Instruments, Public Private Partnerships, Pensions, Agriculture and Oil and Gas. The course will also examine how to achieve compliance and the full benefits of improved financial management.
The course will address the actions that are required to make a success of adopting the Standards. This will include the use of systems and the development of the organisations’ capability and capacity in dealing with the Standards. It will examine the reporting and decision-making implications and benefits of the application of the Standards and explore the assurance processes including with respect to External Audit.
Course Objectives
On completion, you will be able to:
- Understand financial reporting under the IFRS and IPSAS regimes and the consequences for governments, organisations etc.
- Explain the specific requirements of the Standards in key areas
- Apply new approaches and improve financial management
- Enhance systems to improve financial monitoring and control in an accruals environment
- Understand systems requirements and plan for successful implementation
Key Topics
- The Standards’ requirements relating to major specific areas that affect many organisations
- Approaches to achieving compliance and improved financial and resource management including project management, training and changes to governance arrangements
- Role and application of systems in supporting compliance
- Enhancing reporting, decision making and assurance processes
- Adoption actions, lessons and implementation planning
In order to ensure the highest learning standards for delegates, Civil Service Collegedelivers training courses using excerpts from the official IFRS Standards under licence from the IFRS Foundation.
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Registered in England: 07835721. Registered Office: Civil Service College , 25 Queen Anne\’s Gate , St James\’s Park , London , SW1H 9BU , United Kingdom
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Financial Management Portfolio employer: Civil Service College Ltd.
Contact Detail:
Civil Service College Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Management Portfolio
✨Tip Number 1
Familiarise yourself with the latest International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). Understanding these standards will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial management sector, especially those who have experience with IFRS and IPSAS. Attend relevant workshops or webinars to make connections and gain insights that could give you an edge during the application process.
✨Tip Number 3
Prepare to discuss real-world applications of IFRS and IPSAS in your previous roles. Be ready to share specific examples of how you've contributed to compliance and improved financial management in past positions.
✨Tip Number 4
Research StudySmarter’s approach to financial management and their values. Tailoring your conversation to align with our mission can show that you’re a good fit for our team and understand what we stand for.
We think you need these skills to ace Financial Management Portfolio
Some tips for your application 🫡
Understand the Course Content: Before applying, make sure you thoroughly understand the course outline and objectives. Familiarise yourself with International Accounting Standards, their applications, and implications for organisations.
Tailor Your CV: Highlight relevant experience in financial management, accounting standards, or related fields. Make sure to emphasise any specific knowledge of IFRS or IPSAS that aligns with the course content.
Craft a Strong Cover Letter: In your cover letter, express your motivation for attending the course. Discuss how it will benefit your career and how your background makes you a suitable candidate for this training.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise.
How to prepare for a job interview at Civil Service College Ltd.
✨Know Your Standards
Make sure you have a solid understanding of the International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). Be prepared to discuss how these standards apply to various sectors and their implications for financial reporting.
✨Demonstrate Practical Knowledge
Be ready to share examples from your past experiences where you've successfully implemented or worked with financial management systems. Highlight any specific projects that involved compliance with IFRS or IPSAS, as this will show your hands-on expertise.
✨Showcase Your Analytical Skills
Prepare to discuss how you approach financial analysis and decision-making. Employers will be interested in your ability to enhance financial monitoring and control, so think of scenarios where you've improved processes or outcomes through analytical thinking.
✨Ask Insightful Questions
At the end of the interview, ask questions that demonstrate your interest in the role and the organisation's approach to financial management. Inquire about their current challenges with IFRS compliance or how they plan to enhance their systems, which shows you're engaged and forward-thinking.
