Assets Construction Acc policy & Rev (NATO-NCIA)

Off-Site, Belgium, Sapienza Consulting [AAS-2022-0017]

Field(s) of expertise
Project and Service Management Business Administration and Finance
Job type

About this job

Sapienza Consulting, a tpgroup company, is recruiting an Assets under Construction accounting policy & revenue recognition review for NATO – NCIA in Mons, Wallonia, Belgium.


NCIO will Disclose Assets under Construction (AuC) / Development (AuD)

  • self constructed assets – within the NCIO Financial Statements 2022 hence following advice and output will be required in relation to AuC
  • Understand process, Oracle ERP setup, asset grouping and accounting events for Assets under Construction
  • Review and validate considering IPSAS, NCIO FRPs and NATO Accounting Framework
  • Advise and update on condensed accounting policy as published within Financial Statements
  • Create a more detailed accounting policy (incl. accounting schema) related to Assets under Construction in line with IPSAS, NCIO FRPs and NATO Accounting Framework
  • Analyse the current method and accounting of revenue recognition related to the deferral of revenue for Assets and Assets under Construction and provide a recommended method (incl. accounting schema) and way forward in line with applicable IPSAS/FRP/NAF rules. E.g. Establish approach to reconcile statutory (Financial Statements) and performance reporting (Project Execution).
  • Review current approach and provide recommendations considering IPSAS, NCIO FRPs and NATO Accounting Framework
  • To account for AuC and the in-service assets from AuC including the impact on Statement of Position/Performance/Net Assets/Cash Flow statement and Notes disclosures
  • For the restatement of FS2021 required to disclose AuC
  • To transfer Assets
  • To process Impairments
  • For disposal / write-off / retirement of Assets

The period of performance shall be 9 May 2022 to 12 September 2022


  • Required Security Clearance: NATO Secret


Required Profile

  • Deliverable based contract required with company specialised in IPSAS

The proposed team must have demonstrated skills, knowledge and experience as follows:

  • IPSAS expertise on Assets under Construction
  • Proven past experience on IPSAS implementation/accounting policy implementation with international Public Sector Organizations
  • Experience in developing accounting policies and IPSAS compliance reviews
  • Experience and in-depth understanding of NATO Accounting Framework
  • Excellent English writing skills and the ability to brief work in English to a diverse audience


Desirable Profile

The candidates should also ideally have knowledge and experience in the following areas:

  • Prior experience within NATO


If you are interested in applying then please click apply and one of the recruitment team will be in touch.

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