Public Sector Accounting

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Short Overview

The program intends to link Greek practice with international trends in public sector financial management. The program presents and analyses concepts such as the alternative accounting bases (cash basis - accrual basis) and the financial statements in the public sector, as well as relevant concepts (assets, liabilities, equity, revenues and expenses), the different budget types applied (line-item budget, performance-based budget, zero-based budget), the conceptual framework of the International Public Sector Accounting Standards (IPSAS) and their basic accounting principles. All the above are analysed using examples and comprehension exercises.

Moreover, the program presents new methods of providing public sector accounting information to the users (popular reporting, integrated reporting) and the framework of the European Public Sector Accounting Standards (EPSAS). Finally, the accounting and budgeting systems applied in Greece at the central and local government level are presented, and a short introduction is made to the Presidential Decree (PD) 54/2018. The educational material is split into two categories. The core material consists of lectures in the form of PowerPoint presentations, reading material and exercises. The in-depth educational material includes further references to bibliography that can be used to study specific topics more in-depth.

Learning Goals

With the completion of the program, the trainees will be able to understand:

The particularities of the public sector in relation to financial management and accounting,
The accounting systems and the financial statements used in the public sector,
The budgeting process and the different types of budgeting used in the public sector,
The International Public Sector Accounting Standards (IPSAS) and the European Public Sector Accounting Standards (EPSAS),
The accounting, budgeting, and auditing systems applied at the central and the local government levels in Greece.

Program Value

The linkage between Greek reality and international trends as regards public sector financial management systems. The program presents new methods of providing public sector accounting information to the users of this information, as well as the IPSAS, EPSAS and Greek Public Sector Accounting Standards frameworks.

Teaching Material

The trainees receive as complementary material the book with the title S. Cohen and S. Karatzimas, Public Sector Accounting: Trends and Practices, AUEB Publishing, Athens, 2020, ISBN 978-618-83313-5-8 (in Greek).

Evaluation Method And Final Grade Computation

The evaluation of the trainees takes places at the end of the lectures. Trainees will be required to submit an assignment which will include a series of exercises covering the topics covered during the program as well as answering a series of multiple choice questions. Successful completion of the program and conferral of the training certificate requires a final grade of at least 50%.

Learning Method Description

The program uses the eLearning educational method: learning takes place purely asynchronously (that is, on days and hours that serve the trainee, without mandatory attendance at a specific time or day), exclusively remotely (using a special educational platform via the internet from the trainee's area) and using digital educational tools such as video lectures, interactive self-assessment exercises, and other elearning tools that ensure effective and flexible individual self-learning. The program's training material becomes available at specific time periods, based on the training path followed, and then remains available on the training platform without restrictions throughout the duration of the program.

Teaching Language

Greek

Application deadline: 16/10/2024

Program start: 23/10/2024

Program completion: 19/01/2025

Scientific area

Finance and Accounting

Way to follow

eLearning

ECTS units: 2

Hours of asynchronous training: 40
Includes training hours (indicative) using an asynchronous distance learning (eLearning) platform.

Additional hours of employment: 20
Additional hours of work are included (indicative) and may include individual study, writing assignments, participation in field visits, participation in exams, etc.

Total hours: 60
The total hours include hours of synchronous and asynchronous training, as well as additional hours of employment.

Weeks of training: 12
Weeks in which activities of any kind are planned are included.

Vocational Education and Training Certificate

Trainees who successfully complete the program are granted a Vocational Education and Training Certificate of the Center for Education and Lifelong Learning of the Athens University of Economics and Business, which is accompanied by a Supplement to the Certificate, detailing the subject of the program, the thematic units attended by the trainee , as well as the training methodology followed.

Target Audience

Financial management executives in general government entities (central government, Local governments, Universities, Hospitals, etc.) who are interested in enriching their knowledge and in getting informed about new trends in the area.
Students interested in learning specialised accounting and financial management issues of the public sector.
Accountants and auditors interested in getting familiar with public sector accounting.

The program targets trainees interested in getting an overview of public sector accounting at national and international levels. It presents international accounting trends (referring to International Public Sector Accounting Standards - IPSAS), different types of budgeting systems (for example, program-based budgeting) as well as modern financial reporting systems. At a parallel level, the program presents the state of public sector financial management in Greece. The program is an introduction to the most recent developments in public-sector accounting.

Note: The relevant eLearning program "New Accounting framework for the General Government - PD 54/2018" targets trainees who wish to get specialised knowledge on the new accounting framework that the PD 54/2018 introduces. The program emphasises the operation of the new accounting framework in practice focusing on the new accounting plan, which differentiates from the previously applied plans by general government entities, the way transactions are recorded, the accounting principles and rules that govern it, as well as the new financial statements. The program prepares the trainees for the implementation of PD54/2018 in terms of practical application.

Scientific Responsible

Cohen Sandra

Program Tutors

Mode And Frequency Of Communication

Communication between trainers and trainees is purely asynchronous, via e-mails and/or personal messages through the training platform.

Cost

ELEARNING: 300€

Installements

The total amount of tuition is €300 and is paid in two installments. The first installment, of €150, is paid as an advance before the start of the courses, to secure the place, and the second, of €150, is paid before the program is half completed. In the event of a discount, the above amounts are reduced proportionally. Especially in the case of a 20% discount, the above amounts are set at €240 (total amount), €150 (first installment - ??advance payment) and €90 (second installment).

Trainees are informed of the installment amounts and related deadlines via email upon their acceptance into the program.

Public Sector Accounting

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Public Sector Accounting

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