THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
The Financial Reporting Workshop – Western Branch
Date: 14th – 15th July 2022
Time: 09.00am -3.30pm
Venue: Golf Hotel, Kakamega
OVERVIEW
The COVID-19 pandemic has created a lot of business disruptions resulting to entities exploring new ways of conducting business. This has equally impacted the way transactions are recorded and reported in the annual reports and financial statements.
Despite all these realignments, the need for high-quality and reliable financial reports cannot be over-emphasized. ICPAK aims to improve the quality of general-purpose financial reporting by organization across all sectors of the economy to ensure that there is better informed assessments of resource allocation and utilization decisions, thereby enhancing transparency and accountability.
The financial reporting training for the branches has been carefully tailored to meet the financial reporting requirements in view of the recent and current developments under the COVID-19 pandemic environment, and the emerging developments in reporting under IFRS. This interactive Financial Reporting training course will give the participants an opportunity to learn some of the latest development in financial reporting and get details on the new reporting standards under the different financial reporting frameworks.
Additionally, the course will explore the impact of COVID-19 on financial reporting and treatment of various accounting and financial transactions.
Active participation by all participants through a combination of different approaches will be included. This will entail direct instruction, analysis and evaluation of practical case studies, examples, and exercises to illustrate application of the standards as well as current and future developments.
The two-hour sessions will also capture a review of the disclosure requirements for the various standards, which our specialist facilitators will provide guidance on the necessary requirements.
The Branch IFRS Seminar will focus on the following areas:
- IAS 1 – Preparation and presentation of financial statements
- IAS 8 – Accounting policies, changes in accounting estimates and Errors
- IAS 10 – events after Reporting Period
- IFRS 3 – Business combinations
- IFRS 10 – Consolidated financial statements
- IFRS 13 – Fair Value Measurement
- IFRS 16 – Leases
- Financial Instruments: Presentation and
Financial Instruments: Disclosure – IAS 32 and IFRS 7
- IFRS 15 – Revenues from Contracts with Customer
- IAS 16 & IAS 40 – Plant, Property and Equipment & Investment Property
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the workshop.
FINANCIAL COMMITMENT:
The workshop charges are Kshs. 10,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.
TARGET AUDIENCE:
Professionals working in Government and private sectors, Accountants in Academia.
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.
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).
Further requests can be channeled to us via telephone calls on +254 723 237885, +254 719 074 100, or via email to Linet Andeyo at linet.andeyo@icpak.com with a copy to memberservices@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates
