INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
THE INAUGURAL DEBT MANAGEMENT SEMINAR
Date: 17th -19th August 2016
Venue: Acacia Premier Hotel – Kisumu City
Theme: “Reaping the benefits of debt finance – A Cost Benefit Analysis Approach
1.0 About the Seminar
Debt financing is a reality for corporations as it is for individuals in their day to day operations. Without doubt debt injects into the business additional resources to forestall short term liquidity challenges or even support long term growth beyond capacity of internally generated resources. Nearly all modern corporations offer services and goods on credit as a business norm. Credit sales create an opportunity and a risk to the organization in the manner in which it signs up and manages the credit value chain with its suppliers and other providers of debt finance. A number of developments have occurred in this useful area of company operations. National and even county governments are not left out as they too seek debt financing either to bridge gaps in their recurrent budgets or support development and infrastructure projects with a longer term repayment horizon.
It is in the backdrop of this concerns and the need to converge a wide range of resourceful persons, diverse perspectives and experiences that for the second time ICPAK has organized the Debt Management Seminar. The theme of this year’s seminar as well as the pool of selected facilitators will gear the seminar in debates, presentation and discussions on how best to reap the benefits of debt financing without attracting the disciplining nature of excess gearing or an ineffective organizational credit policy.
2.0 Learning Outcomes
A number of outcomes have been planned to equip seminar attendees with newer approaches in debt management both at organizational and at individual levels. This include:
2.1 The place of effective credit policies for maximum benefits
Debate and resolution as to whether one is to apply a stringent or a relaxed credit policy depends on a number of variables such as a firm’s appetite for risk, its cash flow position and cycles, nature of business, industry practices and norms as well the cultural context in which a firm operates. That being the case, this presentation will delve into ingredients of an effective credit policy and the frequency of assessment and re-tuning to ensure credit policy is alive to business realities and supports rather than impedes the overall goals of the organization.
2.2 Management of receivables in Kenya
Management of receivables operates within the cultural constraints and the risk appetite of a given organization. This presentation is primed to invoke debt on managing receivables from a practical stand point.
2.3 Managing personal debt finance
Nearly all working class people are in some form of debt financing, be it personal unsecured loans, asset finance, mortgage, SACCO and Micro-Finance Loans. Other forms of credit available to individuals include chamas and credit cards. This presentation will dwell on the optimal mix and the considerations one should take into account in choosing one form of debt over the others.
2.4 National Debt Management
Questions on sustainability of our national debt portfolio continue to occupy minds of those interested in the welfare our nation. Armed with figures and taking both lines of argument, the duo presentation will elicit debate and possibly policy pointers on the direction we ought to take as a nation in matters debt finance.
2.5 Credit Scoring and the Role of Credit Reference Bureaus
Just how credit worthy are you? How many bank accounts do you operate? Are all active or are some dormant? Did you finalize repayment of your University Student Loan? Are you tax compliant? And just how many people have you guaranteed to take loans from SACCOS, Chamas and Microfinance Institutions? In partnership with a CRB delegates will be assisted to review their actions in order to enhance their credit ratings.
2.6 Credit Risk Management – Experiences of lenders
Credit risk is the potential for those who owe us or a counter-party fails to meet its obligations in accordance with agreed terms. Such failures where they are pervasive they threaten the very existence of entities especially those in lending business. The goal of credit risk management is maintaining credit risk exposure within acceptable parameters. Drawing from a practitioner involved in credit management, participants will delve into strategies for effective credit management.
2.7 Debt Management for County Governments
Most county governments inherited accounts of the defunct city/municipal and local authorities and since then focus has been only on the liability side of the statement of financial position. This presentation will shift gears to focus on what was due to county governments and review the progress that has been made so far. Additional snippets will on the borrowing capacity for County Governments including bridging finance and how this impacts on the overall national debt portfolio.
3.0 Target Audience:
The Debt Management Seminar is useful for Compliance and Enforcement Officers from National & County Governments, Credit Managers and Controllers from both private and public entities, Heads & Members of Finance & Strategy Committees public and private sectors, Debt Managers and arrangers of debt finance from Commercial Banks, Micro – Finance Institutions, SACCOS, Investment, Real Estate and other property companies. Heads of Revenue Collection and other collectibles will find the presentations apt in improving their day to day operations.
4.0 Debt Seminar Charges
The charges for 2nd Debt Management Seminar are as provided below
| Category | Early Bird Registration
Booked & Paid Before 10th August 2016 KShs |
Normal Registration
Booking & LPOs / LSOs received after 10th August 2016 |
| Associate Members | 26,950 | 36,950 |
| Members | 33, 950 | 36,950 |
| Non Members | 36,950 | 46,950 |
| International Delegates | 350 USDs | 450USDs |
5.0 Gala Dinner
The seminar will end with a gala dinner as from 7.00 pm on 19th August 2016 at a hotel to be communicated in due course.
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).
For more information or enquiries please email memberservices@icpak.com or visit www.icpak.com
7.0 Online Booking
Kindly note that booking for the Debt Management Seminar is available only online at www.icpak.com/events and will close on 10th August 2016 at 1700 hrs.
