ducharme capacity building support q4... · 2020. 1. 24. · ipsas implementation manual: easi-book...
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DUCHARME CAPACITY BUILDING SUPPORT
COMPREHENSIVE IPSAS LEARNING MATERIAL AND APPROACH
FOR ONSITE & DISTANCE LEARNING SUPPORT
In our aim to assist Public Sector entities with improving their ability to comply with finance legislation and
regulations, and in specific the International Public Sector Accounting Standards (IPSAS) reporting framework,
Ducharme has developed various learning solutions in this regards. Our solutions include:
A comprehensive and up-to-date 1200 page IPSAS Implementation Manual available in EASI-book mobile
application edition (currently available in Android devices and Windows PCs) and hard copy edition, and
Our e-learning platform with facilitated recordings and examples of the IPSAS requirements.
Please refer to sections 1 and 2 below respectively for more information on this.
Since our establishment in 2003,
Ducharme has always strived to assist
entities to put finance theory into practice.
In addition to practical implementation
support with various accounting reporting
frameworks, we have assisted various
entities with tailored training and capacity
building support on IPSAS and the South
African GRAP standards (which is aligned to
the IPSAS standards).
Our learning approach is that the theory
provides the building blocks upon which we
add the practical discussions for the day-to-
day implementation thereof. We are also
actively involved to ensure that this
foundation is continuously improved.
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 2
Ducharme’s experience in assisting public sector entities has evolved from the traditional face-to-face solutions to
a blended approach which also provides for an electronic solution, through the use of our EASI-book offline mobile
learning solution as well as comprehensive e-learning courses, providing public officials access to training when
and where they need it.
We have presented numerous IPSAS / GRAP programmes to entities over the past 16 years, supported by
our practical implementation experience and our continuous update of the material.
The facilitation support include both client direct approach (e.g. to public entities and municipalities
directly) or on behalf of entities to specific parties (e.g. on behalf of South African National Treasury, the
Auditor General of SA (AGSA), The South African Institute of Chartered Accountants (SAICA), the South
African Institute of Government Auditors (SAIGA), Chartered Institute for Government Finance and Risk
Officers (CIGFARO), Gauteng Provincial Treasury, Mpumalanga Provincial Treasury, Free State Provincial
Treasury, Western Cape Provincial Treasury, KZN Provincial Treasury and North West Provincial Treasury,
Northern Cape Provincial Treasury.
We also assisted with facilitation of tertiary institutions programmes focussed on IPSAS / GRAP
(University of Pretoria’s Enterprises and University of Stellenbosch’s School of Public Leadership) or with
prescribed course material (Mangosuthu University of Technology).
Ducharme’s focus on practical implementation as part of public sector capacity building, is further supported by
our sister company Credo Business College which focusses on professional qualifications and designation
training. The focus is to assist delegates in obtaining their professional registrations be it as in support of AT(SA)’
Accounting Technicians qualifications to become a professional accountant or various tax qualifications in
support of become registered tax practitioners. Our EASI-book and e-learning platforms host both the Ducharme
and Credo programmes.
CONTACT US TO HELP YOU PUT FINANCE THEORY INTO PRACTICE
For more information on our IPSAS capacity building support and e-solutions, get in touch with us.
Daniel Erasmus CA(SA)
+27 722 58 12 45
derasmus@ducharme.co.za
George Ducharme CA(SA)
+27 82 335 7319
gducharme@ducharmeconsulting.co.za
Margott Terblanche CA(SA)
+27 72 847 3935
mterblanche@ducharme.co.za
Anton Slabbert CA(SA)
+27 72 232 5335
aslabbert@ducharme.co.za
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 3
SECTION 1: COMPREHENSIVE IPSAS IMPLEMENTATION MANUAL EASI-BOOK & HARDCOPY EDITIONS
Our 1200 page IPSAS Implementation manual is a comprehensive technical
and implementation guide which sets out per applicable IPSAS standards. It
covers the accounting of transactions, assets, liabilities, revenue, expenditure,
funds and reserves, with detailed focus on the requirements and practical
application and implementation issues.
Accounting Standard Focus Practical Approach
accounting definitions,
recognition requirements,
measurement (initial &
subsequent) requirements
disclosure requirements
Our standard operating
procedure format aligns the
theory with practical
implementation considerations.
Includes various practical
examples and case studies.
Our manual is updated and aligned annually. The hard copy and EASI-book editions speaks towards the 2019/20
reporting period for standards applicable for implementation for transactions and balances from1 April 2019. For
users of the GRAP Accounting Framework, which is based on the IPSAS standards but tailored for specific South
African considerations, we have also included the paragraph references to both the applicable IPSAS and GRAP
accounting standards. Please find below the table of contents of the manual:
1. ACCOUNTING FOR TRANSACTIONS - GENERAL ............................................................................................
1.1 Accounting Framework ............................................................................................................................ 8
1.1.1 The Conceptual Framework for General Purpose Financial Reporting
1.1.2 The accounting reporting frameworks applicable to South African Entities in 2019/2020
1.1.3 International Accounting Framework for Public Sector: IPSAS 33 - First-Time Adoption
1.2 GRAP 3/IPSAS 3: Changes in Accounting Policies, Changes in Accounting Estimates & Errors .............. 62
1.3 GRAP 2/IPSAS 2: Cash Flow Statement ...................................................................................................... 77
1.4 GRAP 14/IPSAS 14: Events after the Reporting Date ................................................................................ 95
1.5 GRAP 100: Discontinued Operations ......................................................................................................... 108
1.6 GRAP 4/IPSAS 4: Foreign Exchange Transactions .................................................................................... 115
1.7 GRAP 25 and IPSAS 39: Employee Benefits ............................................................................................. 144
1.8 GRAP 104/IPSAS 28,29,30: Financial Instruments ................................................................................. 173
1.9 GRAP 6,7,8: The Preparation of Consolidated Annual Financial Statements ......................................... 281
1.10 GRAP 34/IPSAS 34 – Separate Financial Statements ........................................................................... 411
1.11 GRAP 35/IPSAS 35 – Consolidated Financial Statements .................................................................... 416
1.12 GRAP 36/IPSAS 36 – Investments In Associates And Joint Ventures ................................................... 426
1.13 Overview of GRAP/IPSAS 6-8 vs GRAP/IPSAS 34-38 ............................................................................. 432
1.14. Suspense Accounts ................................................................................................................................. 441
1.15 VAT ............................................................................................................................................................. 447
1.16 GRAP 20/IPSAS 20: Related Party Disclosures ...................................................................................... 468
1.17 GRAP 5/IPSAS 5: Borrowing Cost ............................................................................................................ 511
1.18 GRAP 1/IPSAS 1: Presentation of Financial Statements ....................................................................... 519
1.19 GRAP 18/IPSAS 18: Segment Reporting ................................................................................................. 536
1.20 GRAP 24/IPSAS 24: Budget Information ................................................................................................ 559
1.21 GRAP 108: Statutory Receivables ........................................................................................................... 573
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
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1.22 GRAP 109: Principals and Agents ............................................................................................................ 597
1.23 GRAP 32/IPSAS 32: Service Concession Arrangements: Grantor
IFRIC 12: Service Concession Arrangements: Operator ........................................................................ 632
1.24 IGRAP 17 : Service Concession Arrangements: Grantor’s Significant Residual Interest .................... 663
1.25 GRAP 10/IPSAS 10: Financial Reporting In Hyperinflationary Economies ............................................ 666
1.26 IPSAS 22: Disclosure of Financial Information about the General Government Sector ....................... 674
1.27 GRAP 37/IPSAS 37: Joint Arrangements ................................................................................................ 686
1.28 GRAP 38/IPSAS 38: Disclosure of Interests in Other Entities................................................................ 699
2. ACCOUNTING FOR ASSETS .............................................................................................................................
2.1 GRAP 17/IPSAS 17: Property, Plant And Equipment
(incorporating GRAP/IPSAS 21 and 26 Impairment of assets) ...................................................................... 717
2.2 Guideline on accounting for landfill sites .................................................................................................. 793
2.3 GRAP 12/IPSAS 12: Inventories................................................................................................................ 799
2.4 GRAP 16/IPSAS 16: Investment Property ................................................................................................. 835
2.5 GRAP 31/IPSAS 31: Intangible Assets ....................................................................................................... 865
2.6 GRAP 27/IPSAS 27: Agricultural Assets .................................................................................................... 892
2.7 GRAP 110: Living and Non-Living Resources ............................................................................................ 903
2.8 GRAP 103: Heritage Assets ........................................................................................................................ 925
2.9 GRAP 11/IPSAS 11: Construction Contracts ............................................................................................. 957
2.10 IGRAP 18 : Recognition and Derecognition of Land .............................................................................. 972
2.11 Accounting Guideline for Arrangements for The National Housing Programme ................................... 978
3. ACCOUNTING FOR LIABILITIES .......................................................................................................................
3.1 GRAP 19/IPSAS 19: Provisions, Contingent Liabilities and Contingent Assets....................................... 992
3.2 IGRAP 19: Liabilities to Pay Levies ...........................................................................................................1021
3.3 Accounting and Disclosure Requirements Relating To Trust Funds ......................................................1026
3.4 GRAP 13/IPSAS 13: Leases .....................................................................................................................1027
3.5 Consumer Deposits ...................................................................................................................................1096
4. GRAP/IPSAS 9 AND GRAP/IPSAS 23: ACCOUNTING FOR REVENUE ................................................... 1106
5. ACCOUNTING FOR UNAUTHORISED, IRREGULAR, FRUITLESS AND WASTEFUL EXPENDITURE ........... 1166
6. ACCOUNTING FOR FUNDS AND RESERVES ..................................................................................................
6.1 Accounting for The Revaluation Reserve .................................................................................................1182
6.2 Accumulated Surplus ................................................................................................................................1193
7. ACCOUNTING FOR PUBLIC SECTOR COMBINATIONS ...................................................................................
7.1 GRAP 105, 106 and 107 : Accounting for Transfer of Functions: Entities Under Common Control, Entities
not under common control, and Accounting for Mergers .......................................................................... 1200
7.2 IPSAS 40: Public Sector Combinations …………………………………………….……………………………1249
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 5
IPSAS Implementation Manual: Hard copy edition
Our hard copy edition is professionally printed and bound manual. It is currently used as the prescribed training
manual for public sector accounting training by various tertiary institutions and professional bodies, such as:
the University of Pretoria’s Enterprises: IPSAS / GRAP programme (2017 – current)
The Mangosuthu University of Technology (2019)
The South African Institute of Chartered Accountants’ GRAP Accounting programme (2019)
IPSAS Implementation Manual: EASI-Book edition
The Ducharme EASI-book platform is an offline
mobile distance learning solution, which allow for
interactive audio-visual enhanced mobile learning.
Various of our niche training manuals are available
and in development for roll-out on this platform,
which include our IPSAS Implementation manual.
With the focus on user driven learning, the EASI-
book allows users to download the comprehensive
technical material to the device (such as the
theory, incorporated videos and notes) which is
accessible later without need for data access to
‘stream’ the content.
We can also assist with the roll-out and support of
tailored facilitation of books, courses and
qualifications.
‘
IPSAS book on Easi-book App Linked table of contents
Embedded Audio-Visual content: In addition to the comprehensive technical
manual, we have embedded videos and
recording facilitations in the books, to
provide facilitated context and
considerations to the material for the users,
as well as some examples.
Our compression technology allows for
1 hour of recordings to be captured to 10 mb
of data, for enhanced offline reading and
learning.
The videos and audio plays directly out of the
application, not needing any further
streaming or data access to be required.
Embedded audio-visual content Advanced video compression
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 6
Interactive and reference support: Users
can also add their own voice notes and text
notes on each page for reminders or focus
areas for implementation. These can be
access via the list menu,
The EASI-book allows for search functionality
within the applicable text.
For the entity bespoke manuals, we could
include other external reading links through
the inclusion of clickable URL links for further
interaction.
Search functionality Voice recording functionality
Electronic edition: Our mobile application
currently available for Android Devices and
Window PCs. The iOS roll-out in development.
Once the Ducharme EASI-book app is
downloaded, users can navigate to the books
drop-down. A 10 minute demonstration
version is available for the books on the app,
to which an access code can be bought
through the app itself. Should bulk codes be
required for entities, please get in contact
with our team.
Search for ‘Ducharme’ on
the Google Play store for
Ducharme / Credo EASI
book app or scan the
QR code or via short URL:
TINY.CC/LMVJGZ
A free 10 minute viewing
period has been activated
per manual before access
code is required for further
use. The 10 minute viewing
period can be used to
assess the functionality of
the content as well as the e-
solution.
2019/20 IPSAS
EASI-BOOK
ZAR 1,207.50
(VAT INCL.)
Costing: The retail cost for the 2019/20 IPSAS EASI-book edition on the EASI-
book platform amounts to R1,207.50 (VAT Inclusive) per manual.
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 7
SECTION 2: E-LEARNING PLATFORM IPSAS PROGRAMME
In support to our face-to-face training support as well as our comprehensive training manuals, we also make
provision for flexible and accessible learning through the provision of some of our course on our e-learning
platform.
Website domain: ducharme.online
Our web-based e-learning platform provides for pre-recorded facilitation videos, reading material and self-
assessments. This provides for quick roll-out of new changes or additions to multiple users, at a fraction of the
costs or having to physically host such a session. E-learning also allows for learning with more flexible timing as
well as the option to repeat specific sessions. This also results in a more cost effective approach, through savings
in venue hire, delegate travel and accommodation costs and delegate day packages.
For the past 3 years, one of our clients ran the comprehensive IPSAS e-learning course across 5 continents for
100 delegates per annum, together with standardised examination, providing for greater efficiencies and
consistency within the organisation.
Some of the key e-learning functionality can be summarised as follows:
Flexible Learning: e-Learning allows for material
and knowledge to be made accessible for learning
at your own pace, in your environment of choice
and at any time in your busy schedule.
Facilitated sessions: Our e-learning makes provision
for both recorded sessions by an expert, together with
technical training material which can be accessed
online, to allow for combination training.
More effective: e-Learning allows for time & costs
to be managed more effectively. This is through
reduction in travel time, venue and accommodation
costs and related administration.
Mobile access: Our platform allows for access to
learning through a laptop, tablet or a smartphone
which is connected to the internet.
Online courses: As an alternative to in-house and
classroom training, Ducharme Online offers various
online courses so your learning can fit in with your
lifestyle, subject to agreed learning parameters.
CPD: Our e-learning also allows for Continuous
Professional Development (CPD) which can also be
used as part of professional bodies' requirement for
verifiable CPD hours. We have timed online exam
functionality.
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 8
Overview: Ducharme’s public sector accounting focussed e-learning
The public sector accounting framework e-learning
courses include:
Fundamentals of Accrual accounting.
Detailed accounting framework training
(approx. 45 – 60 facilitated hours / 80 – 100
notional hours) for IPSAS & GRAP (see below)
Refresher training (approx. 4 – 6 facilitated
hours / 10 notional hours) for GRAP & IPSAS.
Bespoke training sessions
Our IPSAS / GRAP e-learning programmes support run
as either stand-alone distance learning programmes
or form part of a blended approach together with
face-to-face training.
Some of the Ducharme support programmes where
our e-learning modules were utilised:
United Nations’ International Organisation for Migration: IPSAS Module (2017 - 2019)
South African Institute of Government Auditors: GRAP Module (2018) as part of their RGA qualification
and GASP Programme
Auditor-General of South Africa – GRAP Update training (blended model: 2019)
Northern Cape Provincial Treasury: GRAP Module (2018) as part of GRAP AFS Preparation training
Western Cape Provincial Treasury: GRAP Update (2017 & 2019) as part of blended learning
City of Windhoek: IPSAS Module (2017)
Overview: Credos’ professional designation support e-learning
Of the courses developed by Credo Business College,
one include their online Tax Technician courses
accredited by the South African Revenue Service
(SARS), which include following:
Phambili Tax Technician Course
Intela 3 Tax Technician Programme
Credo SARS Tax Technician Course
Credo Tax Technician Distance Learning
Bespoke e-learning support
We are seeing an increase in the receptiveness of
the Public Sector role players for online learning
initiatives and we are now continuously developing,
uploading and managing online learning modules for
various clients, with tailored focussed, timing
allowances for assessments, case studies and
bespoke question banks.
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 9
Programme information: Detailed IPSAS e-learning (45 – 60 facilitated hours / 80 – 100 notional hours)
Our comprehensive IPSAS e-learning programme makes provision for facilitation of the core IPSAS standards,
addressing the underlying accounting considerations such as definitions, recognition, measurement and
disclosure requirements. The sessions are facilitated by a technical expert. Separate training modules are
provided per IPSAS standard, to allow for easy navigation as well as focussed assessment. The facilitated
sessions of the course provides for approximately 45 – 60 hours of facilitator led discussions. Together with self-
reading of the technical manual for each section and questionnaires, the total course duration can amount to
minimum of 80 - 100 hours per delegates of detailed IPSAS training. The focus of this course is:
Detailed discussion per standard on Recognition, measurement and disclosure requirements
Extensive Practical Implementation discussion
Detailed illustrative examples and facilitation thereof
Online assessment
Costing for detailed IPSAS e-learning
2019/20 IPSAS
E-LEARNING
ZAR 4,312.50
(VAT INCL.)
A single user license (9 months) for the detailed IPSAS e-learning
programme amounts to R 4,312.50 (VAT inclusive) per delegate.
Due to our entity focussed approach and support, we understand that
entities are responsible for delegate enrolment, administration and
settlement of invoices. As such, we currently make provision for group
registrations only, which is coordinated through discussion by the entity
training officer / coordinator and our our team (with direct contact
details above) or sending an email to
elearning@ducharmeconsulting.co.za.
Demo access for e-learning
We have provided access to one of the IPSAS e-learning modules, for practical overview of the system and
functionality.
USER NAME: demo@ducharmeconsulting.co.za
PASSWORD : Ducharme1234
DUCHARME CAPACITY BUILDING DYNAMIC E-SOLUTIONS: EASI-BOOK & E-LEARNING
WE HELP YOU PUT FINANCE THEORY INTO PRACTICE 10
IPSAS 19 - Provisions, contingent assets and contingent liabilities
About This Course
This module aims to enlighten the delegates as to the requirements of IPSAS 19: Provisions,
Contingent Liabilities and Contingent Assets. The objective of IPSAS 19 is to ensure that appropriate
recognition criteria and measurement bases are applied to provisions, contingent liabilities and
contingent assets and that sufficient information is disclosed in the notes to the financial statements.
This module answers questions such as:
What are the differences in definition between provisions, contingent assets and contingent
liabilities?
What are the recognition criteria and measurement bases that are applied to provisions,
contingent liabilities and contingent assets?
Which disclosure requirements are prescribed in IPSAS 19 for provisions, contingent
liabilities and contingent assets?
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