PSAR 1 & 2 Chapter 2 Part 2: Provisions and Financial Instruments | IPSAS 19, 28, 41, 30

Chapter 2 of CPFM PSAR 1 and PSAR 2 (Public Sector Accounting and Reporting), Part 2 of 3: provisions and contingencies, then financial instruments from the definitions to credit losses and hedging, with real KASNEB questions. 2.6 Provisions, contingent liabilities and contingent assets (IPSAS 19) - PSAR 1 The three conditions, the recognise-disclose-ignore ladder, onerous and executory contracts, disclosures 2.7 Financial instruments (IPSAS 28 and 41) - PSAR 1 & 2 Definitions, classification, concessionary loans, presentation, the amortised cost method Worked: April 2026 terms, a concessionary loan, the Ufanisi Fund bond schedule (April 2025), the infrastructure bond (August 2025) 2.8 Credit losses, hedging and disclosures (IPSAS 41 and 30) - PSAR 2 Expected credit losses and the three stages, the provision matrix (April 2026), IPSAS 29 against IPSAS 41 Hedge accounting: qualifying, fair value and cash flow hedges; embedded derivatives; the IPSAS 30 disclosures Timestamps 0:00 Welcome 0:11 2.6 Provisions and contingencies (IPSAS 19) 0:40 The three conditions for a provision 1:49 The contingent liability 2:44 The ladder: recognise, disclose, ignore 3:47 Question 1: provision, contingency or nothing 6:57 Question 2: contingent assets (November 2020) 9:32 Question 3: executory and onerous contracts (November 2015) 12:15 Question 3: four disclosures for provisions 14:10 2.7 Financial instruments (IPSAS 28 and 41) 14:45 What makes a financial instrument 16:06 Question 1: four terms (April 2026) 18:50 Question 2: a concessionary loan 23:48 Presentation: substance and offsetting 25:24 Question 3: classifying financial assets (May 2019) 28:01 The amortised cost method 30:25 Question 4: Ufanisi Fund bond schedule (April 2025) 36:06 Question 5: the infrastructure bond (August 2025) 40:36 2.8 Credit losses, hedging and disclosures (PSAR 2) 41:07 Where each category's movements go 42:47 The concession in substance 44:13 Expected credit losses 45:19 The three stages 46:40 Question 1: the provision matrix (April 2026) 50:47 Question 2: IPSAS 29 against IPSAS 41 (November 2020) 53:54 Why hedge accounting exists 54:51 Question 3: qualifying for hedge accounting (November 2018) 57:22 Question 4: fair value and cash flow hedges (May 2017) 1:00:16 Question 5: embedded derivatives (May 2017) 1:03:04 The disclosures under IPSAS 30 More at https://learnipsas.com If this helped you, please subscribe and share it with your colleagues and classmates. #IPSAS #PublicSectorAccounting #CPAYussuf