DUCHARME CAPACITY BUILDING SUPPORT Q4... · 2020. 1. 24. · IPSAS Implementation Manual: EASI-Book edition The Ducharme EASI-book platform is an offline mobile distance learning

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

[email protected]

George Ducharme CA(SA)

+27 82 335 7319

[email protected]

Margott Terblanche CA(SA)

+27 72 847 3935

[email protected]

Anton Slabbert CA(SA)

+27 72 232 5335

[email protected]

mailto:[email protected]






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



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



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



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.



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.



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.



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

[email protected].

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: [email protected]

PASSWORD : Ducharme1234





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?

Documents

DUCHARME CAPACITY BUILDING SUPPORT Q4... · 2020. 1. 24. · IPSAS Implementation Manual: EASI-Book edition The Ducharme EASI-book platform is an offline mobile distance learning