Public Finance and Public Sector AccountingModule Details

Module Description

This module introduces students to public sector accounting, the constitutional and regulatory framework within which it operates and the international public sector accounting standards (IPSAS) including for cash basis and accrual basis accounting.

Module Aim

This module aims to enable students to understand, interpret and use public sector accounting standards and to apply them within the public sector.

Module Learning Outcomes

After completing the module students should be able to:

1. Explain the principles and objectives of public sector accounting
2. Explain the differences between public sector accounting and commercial accounting
3. Apply the principles and international standards of public sector accounting within existing legal and institutional frameworks
4. Describe and evaluate public sector budgetary accounting, and accrual accounting