THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Financial Instruments Workshop
Date: 8th–9th March 2018
Venue: Hilton Hotel – Nairobi
TIME: 9am to 4pm
Themed “Financial Instruments for Market Stability”,
IFRS 9 -Financial instruments 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, earlier adoption was permitted
Some of the changes introduced in the new standard include model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model as well as a substantially-reformed approach to hedge accounting
ICPAK has organized this Workshop to provide an elaborate understanding on the requirements of IFRS 9 the possible impact the adoption will have on the Kenyan financial services sector.
Learning Outcomes:
- Scope of the standard, effective date and major differences between IFRS 9 and IAS 39
- Classification and measurement of financial instruments
- Recognition and De-recognition of Financial instruments
- Impairment of financial assets under IFRS 9 (Part I & Part II)
- Effects of IFRS 9 implementation on the Kenyan financial services sector
- An overview of Hedge accounting
- Transitional provisions and Disclosures
1.0 About the Workshop
This is an ICPAK’s Financial Instruments Workshop
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:
Auditors, Preparers of IFRS Financial Statements, CFOs of Banking Institutions, Corporate Finance Managers, Professionals in SACCOs, banks, insurance companies, Financial services regulators (CBK, SASRA, IRA, KBA), Stock brokerage firms, Compliance professionals and Anti Money laundering professionals.
5.0 Financial Commitment
The workshop charges for The Financial Instruments Workshop as follows:
| Category | Early Bird Registration
Booked & Paid for before 27th February 2018 |
Normal Registration
Booking & Payments or LPOs / LSOs received after 27th February 2018 |
| Associate Members | 9,950 | 10,950 |
| Members | 13,950 | 14,950 |
| Non-Members | 23,950 | 24,950 |
| International Delegates | USDs 340 | USDs 350 |
Charges for Financial Instruments Workshop 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 or Business Professional
9.0 Online Booking
We call on workshop participants to note that booking for the Financial Instruments Workshop is available only online at www.icpak.com/events and will close on the 7th March 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 Sponsorships, Partnership Opportunities & Additional Information
This workshop 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 sponsorships, exhibitions, advertising and sub-event sponsorship within the major event
The workshop intends to attract over 50 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.
