IPSAS 41: Public Sector’s Toughest Challenge in Financial Reporting

Thursday, October 5th, 2023

Shasat, a renowned name in the field of professional training and development, has recently unveiled an extensive workshop designed to navigate the intricacies of IPSAS 41. Titled “IPSAS 41 Workshop: Classification, Measurement, Impairment, and Hedge Accounting,” this program is set to make waves in the world of financial reporting.

IPSAS 41 Financial Instruments, which came into effect for annual reporting periods commencing on or after January 1, 2023, marks a significant departure from its predecessor, IPSAS 29 Financial Instruments: Recognition and Measurement. The new standard introduces a classification and measurement model for financial assets, an expected credit loss model for impairment testing, and a more comprehensive hedge accounting model.

This change is expected to have a profound impact on public sector entities, given the increasing integration of finance-related functions. The primary shake-up comes from alterations to the Impairment Methodology, making it crucial for organizations to equip themselves with the necessary knowledge and strategic insights to navigate these changes successfully.

The IPSAS 41 workshop offers participants an opportunity to benefit from the expertise of seasoned instructors who will provide valuable insights into the development and direction of IPSAS 41. The program will highlight key differences between previous and revised approaches and address emerging challenges faced by the industry.

Read More: https://prfree.org/@shasat/ipsas-41-public-sectors-toughest-challenge-in-financial-reporting-ui5egqs3cn21