Financial Management for Higher Education Sector Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Financial Management for Higher Education Sector Workshop

Theme: “Accountability in Higher Education”

DATE: 20^th -21^st April 2017

VENUE: Hilton Hotel

TIME: 8am to 5pm

Higher education systems worldwide are currently faced with a number of challenges because many governments are seeking to reduce public expenditure on higher education, normally the most costly level of education. Governments are demanding greater efficiency, effectiveness and accountability in the management of higher education institutions. Given the decrease in funding for the sector, managing budgets within higher education context brings particular challenges and requires a unique understanding of how organisations operate and the financial systems which support their activities.

The education sector reforms and regulatory framework places new and increasingly heavy demands upon institutions, and particularly upon the management function, as they try to respond to diverse forces in the current and anticipated environment. With expansions in enrolments, building projects, faculty and staff numbers; financial management is mandatory and not an option for all institutions. Financial leaders in higher education sectors are turning their attention to finding ways toward solid, long-term financial stability. Even institutions with strong financial results are concerned about the long haul, and those already in financial straits must move with haste to regain financial health and avoid the risks of closure.

To address the salient financial management and reporting issues affecting this sector ICPAK has organized a two-day workshop focusing on the financial management and budgeting practices internal to institutions of higher education. This workshop will provide the delegates with expert knowledge on the practical challenges affecting higher education financial management in Kenya and guidance on compliance with both the regulatory and reporting requirements. Some of the issues that will be addressed include;

• Financial Management Systems and Guidelines
• Investment models for higher education institutions
• The Innovations in higher education resource mobilisation
• Preparation and maintenance of proper financial statements/ books of account.
• Role of Internal Audit and Audit Committees in Financial Management
• Regulatory and reporting requirements
• Role of automation in higher education institutions’ financial management
• Corporate governance

Learning outcomes:

By the end of the workshop participants will be able to:

• Understand challenges facing higher education institutions ‘financial management.
• Appreciate institutional resources forecasting
• Comprehend institutional, regulatory and reporting requirements in the education sector.
• Appreciate compliance challenges and way forward.
• Understand how to assimilate the auditors’ reports.

1.0 Target Audience:

Finance Managers & Internal Auditors in higher education institutions; Practicing Auditors, Accountants from higher education institutions; Academia, Representatives from regulatory bodies (MOE, TVETA, CUE TSC, NITA), Finance consultants and any persons seeking knowledge in higher education institutions’ financial reporting matters.

2.0 Online Booking

Kindly note that booking for the Financial Management for Higher Education Sector 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 19^th April 2017 at 1700 hrs

 3.0 Financial Management for Higher Education Sector Charges:

 The Charges for Financial Management for Higher Education Sector which cover workshop materials, meals, and e-certificates of attendance is as provided under;

 4.0 Continuous Professional Development Units – 14

Members of ICPAK and other reciprocating professional bodies will earn 14 CPD points upon successfully attending the 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 Management for Higher Education Sector will draw 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 for this 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