THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
IFRS Workshop
Date: 9th February 2018
Venue: Sarova Panafric, Nairobi
Time:7:30am to 5:00pm
1.0 Overview
This one-day Technical Workshop organized by ICPAK provides a rigorous and detailed overview of selected major technical IFRS requirements. The technical workshop is geared to take participants through the current changes in the reporting standards, adoption and challenges that may come about with the changes.
The workshop will be through presentation of illustrative practical examples in an interactive environment. Delegates will benefit from updates on major standard changes and their probable impact upon adoption.
1.1 Objectives
The specific training objectives will be as follows;
Delegates will get to learn more on Borrowing Costs (loans, credits)
- Accounting treatment of borrowing costs under the revised IAS 23
- Key issues related to capitalization: qualifying assets, capitalization period and capitalization rate.
- A practical approach: Case study
Appreciate Changes in accounting policies, estimates and Errors:IAS8/IPSAS3
- Selection of Accounting policies and treatment of accounting estimates and errors in financial statement.
- Practical disclosures for private and public sector entities
Learn how to Put IFRS 9 into practice
- Classification and measurement
- Impairment
- Disclosure requirements
- Transition requirements
- IFRS 9 Implementation Challenges
- Effects of IFRS 9 on the Kenyan Financial Service Sector
2.0 Target audience:
Chief Finance Officers (CFOs’), Finance Officers (FOs’), Finance professionals in the Public Sector (state agencies, County Government, parastatals among others), financial accountants, general accountants, auditors and other professionals responsible for preparing financial reports that complies with IFRS.
3.0 Online Booking
Kindly note that booking for the IFRS Workshop is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone based application that is available from google store. Delegates are urged to note that the bookings close on 8th February 2017 at 1700 hrs
4.0 Charges:
The Charges for IFRS Workshop which cover workshop materials, meals, and e-certificates of attendance is as provided under;
| Category | Early Bird Registration
Booked & Paid for before 26th January 2018 |
Normal Registration
Booking & Payments or LPOs / LSOs received after 26th January 2018 |
| Associate Members | 6,950 | 7,950 |
| Members | 7,950 | 8,950 |
| Non-Members | 17,950 | 18,950 |
| International Delegates | USDs 250 | USDs 300 |
5.0 Continuous Professional Development Units
Members of ICPAK and other reciprocating professional bodies will earn 7 CPD points upon successfully attending the IFRS Workshop
6.0 National Industrial Training Authority (NITA) Reimbursement
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).
7.0 Partnership Opportunities & additional information
IFRS Workshop attracts over 50 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring can reach us through raphael.nguli@icpak.com
Further requests for The IFRS Workshop can be channeled to us via telephone calls on +254 733 856 262/ 719 074311 or via email to brenda.imali@icpak.com . We encourage you to regularly visit our website www.icpak.com for more updates
