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International Public Sector Accounting Standards Finance Division – CSF
IPSAS Projectfor
Field Offices
FAOInternationalPublicSectorAccountingStandards
International Public Sector Accounting Standards Finance Division – CSF
What is IPSAS?
International Public Sector International Public Sector Accounting StandardsAccounting Standards
International Public Sector Accounting Standards Finance Division – CSF
What is IPSAS?
A UN mandateA UN mandate
International Public Sector International Public Sector Accounting StandardsAccounting Standards
International Public Sector Accounting Standards Finance Division – CSF
What is IPSAS?
A UN mandateA UN mandate
International Public Sector International Public Sector Accounting StandardsAccounting Standards
A step towards A step towards “One UN”“One UN”
International Public Sector Accounting Standards Finance Division – CSF
What is IPSAS?
A Priority A Priority ““Immediate Plan of Action” Immediate Plan of Action”
ProjectProject
International Public Sector Accounting Standards Finance Division – CSF
Benefits for FAO
Finance Division - AFFFinance Division - AFF
International Public Sector Accounting Standards Finance Division – CSF
Benefits for FAO
confidenceconfidence
Finance Division - AFFFinance Division - AFF
International Public Sector Accounting Standards Finance Division – CSF
Benefits for FAO
confidence
credibilitycredibilitycredibilitycredibility
Finance Division - AFFFinance Division - AFF
International Public Sector Accounting Standards Finance Division – CSF
Today’s Challenges in the Field
Disbursements increasing non-linearlyDisbursements increasing non-linearly
FAS Disbursements by Year
0
100
200
300
400
500
600
2004 2005 2006 2007 2008 2009
Year
$ M
illi
on
International Public Sector Accounting Standards Finance Division – CSF
Today’s Challenges in the Field
Disbursements increasing non-linearlyDisbursements increasing non-linearly
FAS Disbursements by Year
0
100
200
300
400
500
600
2004 2005 2006 2007 2008 2009
Year
$ M
illi
on
International Public Sector Accounting Standards Finance Division – CSF
Today’s Challenges in the Field
Current processes andCurrent processes andprocedures unsatisfactoryprocedures unsatisfactory
International Public Sector Accounting Standards Finance Division – CSF
Today’s Challenges in the Field
Current processes andCurrent processes andprocedures unsatisfactoryprocedures unsatisfactory
Inadequate support Inadequate support systemssystems
International Public Sector Accounting Standards Finance Division – CSF
What will IPSAS mean in Field offices?
QualityFinancial Reporting
High-levelHigh-levelrequirement..requirement..
International Public Sector Accounting Standards Finance Division – CSF
InventoryProperty and Equipment
Receiving
What will IPSAS mean in Field offices?
QualityFinancial Reporting
High-levelHigh-levelrequirement..requirement..
delivereddeliveredby new by new
processesprocesses
International Public Sector Accounting Standards Finance Division – CSF
New Field Accounting
System
InventoryProperty and Equipment
Receiving
What will IPSAS mean in Field offices?
QualityFinancial Reporting
High-levelHigh-levelrequirement..requirement..
delivereddeliveredby new by new
processesprocesses
andandsupportedsupported
bybyClear
Procedures
Better Access to
Information
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Integrated systemsIntegrated systems data entered only once data entered only once reduces the need for reduces the need for
off line reports and off line reports and tracking toolstracking tools
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Improved usage of resourcesImproved usage of resources goodsgoods assetsassets inventoryinventory
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Improved usage of resourcesImproved usage of resources goodsgoods assetsassets inventoryinventory
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Improved usage of resourcesImproved usage of resources goodsgoods assetsassets inventoryinventory
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Finance Division supportFinance Division support
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Better decision capabilityBetter decision capabilitywith information that iswith information that is
improvedimproved completecomplete comprehensivecomprehensive
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Better decision capabilityBetter decision capabilitywith information that iswith information that is
improvedimproved completecomplete comprehensivecomprehensive
local commitments
Financial transactions
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Better decision capabilityBetter decision capabilitywith information that iswith information that is
improvedimproved completecomplete comprehensivecomprehensive
local commitments
Procurement
Financial transactions
Asset information
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Building for the futureBuilding for the future changing business needschanging business needs future office requirementsfuture office requirements
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Improved access to Improved access to corporate informationcorporate information
International Public Sector Accounting Standards Finance Division – CSF
Benefits for Field Offices
Improved access to Improved access to corporate informationcorporate information
International Public Sector Accounting Standards Finance Division – CSF
Your role in IPSAS
InvolvementInvolvement
International Public Sector Accounting Standards Finance Division – CSF
Your role in IPSAS
CommunicationCommunication
InvolvementInvolvement
International Public Sector Accounting Standards Finance Division – CSF
Your role in IPSAS
ChangeChange
CommunicationCommunication
InvolvementInvolvement
International Public Sector Accounting Standards Finance Division – CSF
Thank youThank you
[email protected]@fao.org
intranet.fao.org/ipsasintranet.fao.org/ipsas
