Developing and Implementing European Public Sector Accounting Modules (5cr)

Objectives

After performing the course the student understands the basics of public sector financial and budgetary accounting and their differences compared to corresponding accounting in enterprises (for-profit-organisations). Learning objectives include the elementary features and principles of public sector accounting. The students learn to know the conceptual Frameworks of public sector accounting. Learning objectives include, in addition, the following:- the present regimes of public sector financial and budgetary accounting in Europe,- the history, framework and content of the International Public Sector Accounting Standards of IFAC,- the framework and content of the EPSAS standards (European Public Sector Accounting Standards) planned by the European Commission and Eurostat, - the differences between the IPSAS and EPSAS standards, and- the content and practices of consolidated book closures in the public sector.