Revenue and Transfer Expense Recognition in the Public Sector | 2-Day IPSAS Training Course
Revenue and transfer expenses sit at the core of public sector financial reporting. At the same time, many supranational bodies and public sector organisations face reduced or uncertain funding. As a result, accounting judgements have become more complex and more closely scrutinised under IPSAS 47 and IPSAS 48.
Funding constraints, delayed disbursements, and changing eligibility conditions place pressure on how ongoing programmes and multi-year projects are reported. If these factors are not assessed carefully, recognition errors can distort financial performance, weaken accountability, and increase audit risk.
This 2-Day IPSAS 47 & IPSAS 48 Training Course provides a practical framework for applying revenue and transfer expense requirements in volatile funding environments. In particular, participants gain clarity on recognising revenue under IPSAS 47 and accounting for transfer expenses under IPSAS 48 across a wide range of public sector activities.
The programme focuses on grants, subsidies, taxes, fees, fines, and inter-governmental transfers linked to active and continuing projects. Moreover, it explains how changes in funding affect recognition, measurement, and disclosure throughout a project’s lifecycle.
Participants learn how to assess enforceable arrangements, identify present obligations, and distinguish conditions from restrictions. Consequently, they can determine when revenue or transfer expenses should be recognised as projects evolve or funding is scaled back.
Finally, the course is delivered by experienced IPSAS practitioners and supported by applied case studies and guided discussion. These examples link accounting decisions directly to financial statements, budget execution, and audit outcomes. By the end of the programme, participants can apply IPSAS 47 and IPSAS 48 with confidence while reducing audit findings and strengthening transparency.
Key Learning Features
- Practical application of IPSAS 47 (Revenue) and IPSAS 48 (Transfer Expenses) in the public sector
- Clear treatment of exchange and non-exchange transactions, including taxes, fees, grants, and subsidies
- Accounting for funding reductions, delays, and changes affecting ongoing projects
- Recognition of present obligations, conditions, and enforceable arrangements
- Impact of revenue and transfer accounting on financial statements, budgets, and disclosures
- Identification of key audit risk areas and common implementation errors
- Real-world case studies reflecting government and supranational environments
For More Information
We would be delighted to provide you with further details on the workshop and assist you with the enrollment process. Our dedicated customer service team is committed to delivering exceptional service and addressing any inquiries you may have. Contact our customer service team today to learn more and enroll in our program!
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective fields, who share their hands-on implementation experience through our technical and professional development programs.
This IPSAS 47 & IPSAS 48 Training Workshop is led by one of Shasat’s senior public sector accounting experts, with extensive global experience supporting governments, public institutions, and supranational organisations in IPSAS implementation and accrual-based financial reporting. The instructor brings strong practical expertise in revenue recognition, transfer expense accounting, and public financial management, providing applied insights, real-world case studies, and implementation guidance to strengthen transparency, compliance, and audit readiness.
Our faculty combine real-world expertise with academic rigour, ensuring every session is interactive, relevant, and outcomes-driven. Participants gain practical tools, case-based insights, and strategic frameworks that can be immediately applied to enhance sustainability reporting and corporate governance within their organisations.
Our Partners
Course Description
- Session 2: Revenue Recognition under IPSAS 47
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Binding arrangements and enforceable rights
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Recognition timing for taxes, fees, fines, and service revenue
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Assessing revenue where delivery depends on continued funding
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Case study: UN agency service agreements where member-state contributions are reduced mid-programme
- Session 3: Transfer Expenses under IPSAS 48
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Grants, subsidies, social transfers, and inter-governmental payments
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Present obligations and eligibility criteria
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Distinguishing conditions from restrictions
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Case study: Suspension or scaling back of transfer payments following donor withdrawal or policy changes
- Session 4: Funding Curtailment and Project Accounting
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Accounting for delayed, reduced, or withdrawn funding
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Impact on ongoing and multi-year projects
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Reassessment of recognition and measurement decisions
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Case study: UN humanitarian and development projects affected by reduced member-state funding and revised donor conditions
- Session 5: Judgement, Controls, and Audit Risk
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Key judgement areas under IPSAS 47 and IPSAS 48
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Internal controls and governance expectations
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Common audit findings in revenue and transfer expense accounting
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Case study: Auditor observations on revenue deferrals and transfer expense recognition in supranational entities
- Session 6: Financial Statement Impact and Disclosures
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Effects on surplus or deficit, liabilities, and deferred balances
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Disclosure requirements and transparency expectations
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Links between financial reporting, budgeting, and accountability
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Case study: Public reporting implications of funding volatility in international organisations
- Session 7: Applied Case Studies and Practical Application
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Integrated case covering revenue recognition and transfer expenses
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Group discussion on judgement, documentation, and audit defence
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Practical takeaways for implementation in participants’ organisations
This course agenda and related content are proprietary to Shasat. Unauthorised copying, reproduction, distribution, or use of this material, in whole or in part, is strictly prohibited without prior written consent.
© Shasat 2026. All rights reserved.
Why you must attend?
Public sector organisations operate under increasing pressure to demonstrate transparency, fiscal discipline, and accountability, particularly as funding becomes more constrained and scrutiny intensifies. IPSAS 47 and IPSAS 48 directly influence how financial performance, project sustainability, and public value are reported, making correct application essential for credibility and decision-making.
This course enables participants to strengthen professional judgement in areas that frequently attract audit findings, regulatory challenge, and donor scrutiny. By attending, you gain the ability to interpret complex revenue and transfer arrangements with confidence, respond effectively to funding changes, and ensure financial reporting remains robust even when projects are delayed, scaled back, or restructured.
Beyond technical compliance, the programme helps finance leaders and practitioners align accounting outcomes with operational reality. Participants leave better equipped to support management decisions, engage constructively with auditors and stakeholders, and reduce reporting risk across programmes funded by governments, donors, or supranational bodies.
Attending this course is an investment in financial resilience and institutional credibility. It equips you with practical insight that improves reporting quality, strengthens governance, and supports informed decision-making in a challenging public sector environment.
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration, and fostering a deeper understanding of the material.
- Discussions on GAAP differences, industry issues, and diversity in practices provide attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
This course is designed for:
- Public sector senior executives: Chief Financial Officers, Finance Directors, Accountant General, Auditors General, etc.
- Practitioners involved in public sector accounting: accountants, auditors, finance and non-finance staff, budget officers, controllers, treasurers, etc.
- Public Sector accounting conversion project managers and experts, etc.
- Academics, accountancy students, etc. and any person who wants to develop a good understanding and working knowledge of the public sector accounting requirements and its challenges.
No matter your background or experience level, this workshop provides valuable knowledge and skills that will help you stay ahead in today’s global reporting environment. Join us today and gain the competitive edge you need to succeed.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analysing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details. Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
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Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
