THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations Webinar
Date: 12th May 2022
Venue: Webinar
Time: 04.00pm – 06.00pm
OVERVIEW
Venue: Virtual
When a company (or another entity) plans to sell an asset and / or stop some part of its business, then it might affect its future cash flows, profitability and overall financial situation. Therefore, the users of financial statements, mainly investors, should be informed about these events. IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations highlights the results of discontinued operations and separates them from the results of ongoing or continuing activities.
IFRS 5 non-current assets held for sale and discontinued operations deals with presentation of discontinued operations in the statement of profit and loss and other comprehensive income. It also covers measurement and presentation of non-current assets (and disposal groups) held for sale in the statement of financial position. Other standards that may have minor sequential amendments to IFRS 5 include IFRS 11 joint arrangements 2011, IFR13 fair value measurement May 2011, presentation to items of other comprehensive income amendments to IAS 1 June 2011 and a few other more.
The following topics will form the key areas of discussion in this webinar.
- Scope of IFRS 5
- Measurement requirements, classification , presentation and disclosures
- Accounting treatment for Non-current Assets Held for Sale and Discontinued Operations
- Disclosure requirements for Non-current Assets Held for Sale and Discontinued Operations
- Impairment of non-current assets within a disposal group
- Exemptions in IFRS 5
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions 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 +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
