International Public-Sector Accounting Standards (IPSAS) Seminar

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

International Public-Sector Accounting Standards (IPSAS) Seminar

Date: 26th – 27th July 2018

Venue:  Hilton Hotel, Nairobi

TIME: 9am to 4pm

Overview

International Public-Sector Accounting Standards (IPSASs) accounting standards are aimed at improving the quality of financial reporting by public sector entities. The Accrual accounting and Cash Basis accounting requirements focuses on the accounting and financial-reporting needs of governments and public-sector entities. It is expected that these requirements will lead to informed assessments of resource allocation decisions made by governments, hence increase transparency and accountability. While IPSASs are largely consistent with International Financial Reporting Standards (IFRSs), many public sector entities have had challenges implementing these standards. It is with this background that ICPAK has organized this 2 days’ workshop.

This workshop will highlight on:

1. Preparation and Presentation of Financial (Cash/Accrual) and Application of IPSAS Financial Statement requirement to public sector entities.
   – IPSAS 22: “Disclosure of Financial Information about the General Government Sector”
2. A practical session on reporting with a look at IPSAS 39: Employee benefits
3. IPSAS 32: Service Concession Arrangements: Grantor  (discussion on Private and Public Partnership)
4. Case study on presentations: a look at different statements with examples on disclosures
5. Changes related to IPSAS and expected future changes-Practical issues that commonly arise when implementing IPSAS from cash or modified cash basis to the accrual basis of accounting for a public sector.
6. Addressing Social and Environmental Performance in Organizations

Key learning Outcomes

At the end of the course, you will be able to:

• Understand the accrual accounting concepts, as well as key accounting concepts such as recognition, measurement, presentation and disclosure requirements
• Understand real-life accrual/cash basis accounting financial statements
• Understand the strategic implications of accrual accounting adoption
• Implement and apply accrual accounting in practice

1.0 About the Seminar

This is an ICPAK’s IPSAS Seminar

2.0 About Nairobi-The Events Venue. (City Information for International Delegates)

Nairobi is considered one of the most prominent cities in Africa, housing many multinational companies and organizations. It is a financial hub. It has very unique tourist attractions that you may want to enjoy after your training: These include: The Nairobi National Park, Animal Orphanage, Bomas of Kenya, Karen Blixen Museum, The Uhuru Park, Nairobi Railway Museum, Jamia Mosque, Uhuru Gardens, Snake Park Nairobi, Jeevanjee Gardens, Oloolua Nature Trail, Ngong Forest, The Judiciary Museum, The Giraffe Center, Paradise Lost, Karura Forest, Africa’s Largest Slum – Kibera and the Maasai Market.

3.0 Continuous Professional Development Units (CPD Units)

Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all workshop sessions

4.0 Target Audience:

Accountants in the public sector (especially those under the regulation of PSAB), Audit practitioners involved in the public sector, Scholars and consultants for public entities

5.0 Financial Commitment

The workshop charges for The IPSAS Seminar as follows:

Charges for The IPSAS Seminar which cover workshop fees, materials, meals, meals and e-certificates of attendance

6.0 Workshop Travel and Accommodation Information (VERY IMPORTANT)

International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost

Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs

7.0 Special Needs

If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on emma.opiyo@icpak.com

8.0 Dress Code

The workshop dress code is Business Formal/ Business Professional

9.0 Online Booking

We call on Seminar participants to note that booking for the IPSAS Seminar is available only online at www.icpak.com/events and will close on the 25^th July 2018 at 1700 hrs.  Delegates are reminded to note that online booking for events is mandatory.   This 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.

10.0 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).

 11.0 Sponsorship’s, Partnership Opportunities & Additional Information

This Seminar presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorship’s, exhibitions, advertising and sub-event sponsorship within the major event

The seminar intends to attract over 80 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through raphael.nguli@icpak.com

Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or emma.opiyo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.