DiEPSAm: A Project on
Public Sector Accounting
in Europe
Lisbon, 26/27 April 2017
The project in a nutshell
Prof. Dr. Peter C. Lorson
ACRONYM
DiEPSAm means
D eveloping and
To do‘s
i mplementing
E uropean
Regional reference
P ublic
S ector
Object
A ccounting
m odules [and a complementary textbook]
26/27 April 2017
Intellectual outputs
University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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Overview
5 partner countries
with different PSA traditions
• Cash vs. accrual accounting
• Local standards vs. IPSAS
• Prudence vs. Fair value
[risk aversion vs. risk neutrality]
The journey towards harmonised
standards in Europe
26/27 April 2017
University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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Outline
1
• Key facts
2
• Details on the modules
3
• Timeline
4
• Dissemination
5
• Contact
26/27 April 2017
University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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1 Key facts: Funding
• Funding body:
EU Erasmus+
• Project duration:
35 months (ending in August 2019)
• Maximum grant:
375,430 EUR
• Project coordination:
University of Rostock / Germany
• Consortium of
Five European universities
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University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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1 Key facts: Partners
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University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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1 Key facts: Advisory Board
EU Improvement Goals
Advisory Board Members
Foreign language competences
Jürgen HANDKE
Philipps University Marburg, Germany
Digital competences
Rui LOURENÇO
University Coimbra, Portugal
Understanding and responsiveness to social, political,
cultural diversity within the EU
Eugenio CAPERCHIONE
University of Modena, Italy; CIGAR
Positive attitude towards the EU and its values
Hanna SILVOLA
Aalto University, Finland; EAA
Opportunities for professional development
26/27 April 2017
Thomas MÜLLER MARQUES-BERGER
E&Y, Germany; Accountancy Europe (FEE)
Alison SCOTT
CIPFA, UK
University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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1 Key facts: Project outputs
Intellectual Outputs
University modules
No. 1:
Scalable:
• Intermediate (Bachelor's) and
advanced (Master's) level
• from ‘mini modules’ up to 3
semester hours per work
(e.g. from 2 hours up to 6 ECTS)
Comprehensive course
materials - Ready to use:
Lesson plans, worksheets, lecture
slides, video lectures/podcasts,
instructional recommendations, case
study, exercises, essay subjects
Textbook „European Public Sector Accounting“
No. 2:
26/27 April 2017
Integrating comparative views of the partners’ diverse national public
sector accounting traditions
University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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2 Details on the modules: Structure
Topic Public Sector Accounting No. Preliminary module structure
Motivation
1
Introduction & glossary / outline
2
3
4
5
Development of PSA
Accounting theory
Harmonisation challenges
6
Conceptual frameworks
7
IPSAS
Accounting Cycle
Consolidated accounts
Harmonisation perspectives
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8
9
10
11
12
13
14
History of PSA & alternatives
Reasons for differences to the private sector
Theoretical approaches to accounting purposes (incl. budgeting)
Harmonisation influenced by private sector standards & statistical
requirements (GFS) across EU-public sector (EPSAS)
Public accounting objectives & norms / conceptual frameworks in
partner countries
IPSAS: History, spread & use
IPSAS: Standards introduction / original IPSAS
IPSAS: Case study
Process of PSA, reporting & auditing
Consolidated financial statements
Consolidation methods & reporting
Closing lecture / EPSAS progress
University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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3 Timeline
2016
Q4
2017
Q1
Q2
Q3
2018
Q4
Q1
Q2
Q3
2019
Q4
Q1
Q2
Q3
Preparation of module
contents
First time
module
implementation
Module
evaluation,
enhancement,
dissemination
Second time
module
implementation
(European wide)
Textbook creation
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University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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4 Dissemination
• Awareness raising by
• EU-wide multiplier events
• mini modules (target audience: students and practitioners)
• Open access to all project outputs incl. lecture videos
• Other European universities can make use of module
output from Q3/2018 onwards
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University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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5 Contact
Prof. Dr. Peter Christoph Lorson
University of Rostock
Faculty of Economic and Social Sciences
Chair for Financial and Management Accounting, Management Control and Auditing
Center for Accounting and Auditing | Executive Director
Thank you very much
• for the opportunity to
present the DiEPSAm
project and
• for your attention
Ulmenstr. 69
18057 Rostock
GERMANY
+49 (0)381 – 498 4417
[email protected]
https://www.wiwi.uni-rostock.de/diepsam/home/
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University of Rostock | Prof. Dr. Peter C. Lorson | Fourth meeting of the Eurostat Working Group on EPSAS
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