THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
FINANCIAL INSTRUMENTS WORKSHOP
DATE: 9th – 10th March 2017
VENUE: Nairobi Safari Club, Lilian Towers
TIME: 8am to 5pm
IFRS 9 was issued in July 2014 and replaces earlier versions of IFRS 9 and IAS 39 and is effective for annual periods beginning on or after 1 January 2018 however entities can choose to apply the standard before then. Entities need to prepare and assess the possible impact the new IFRS will have on the financials.
Some of the changes introduced include a logical model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model and a substantially-reformed approach to hedge accounting among other things.
ICPAK has organized this Workshop to provide an elaborate understanding on the requirements of IFRS 9 and to get stakeholder/member feedback on the possible impact the adoption will have on the financial position.
Learning Outcomes:
- Scope of the standard, effective date and major differences between IFRS 9 and IAS 39
- Classification and measurement of financial assets and financials liabilities
- Recognition and De-recognition of Financial assets and liabilities
- Impairment of financial assets under IFRS 9
- Assessing Possible Implications of interest rate capping under IAS 39/IFRS 9 requirements
- Hedge accounting
- Transitioning and Disclosures-Are you ready for the adoption in 2018 and steps you can put in place as well as providing disclosures in year 2017]
1.0 Target Audience:
Accountants in listed companies, Pension scheme funds & Insurance companies’ personnel, Personnel of organizations applying full IFRS, Audit practitioners and Bankers
2.0 Online Booking
Kindly note that booking for the Financial Instruments 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 March 2017 at 1700 hrs
3.0 Financial Instruments Workshop Charges:
The Charges for Financial Instruments Workshop which cover workshop materials, meals, and e-certificates of attendance is as provided under;
| Category | Early Bird Registration
Booked & Paid for before 28th February 2017 |
Normal Registration
Booking & Payments or LPOs / LSOs received after 28th February 2017 |
| Associate Members | 9,950 | 10,950 |
| Members | 13,950 | 14,950 |
| Non Members | 23,950 | 24,950 |
| International Delegates | USD. 340 | USD. 350 |
4.0 Continuous Professional Development Units – 14
Members of ICPAK and other reciprocating professional bodies will earn 14 CPD points upon successfully attending The Financial Instruments Workshop
5.0 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).
6.0 Sponsorship Opportunities & additional information
The Financial Instruments Workshop attracts over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com
Further requests for The Financial Instruments Workshop can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to emma.opiyo@icpak.com . We encourage you to regularly visit our website www.icpak.com for more updates
