THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IFRS Seminar (Mandatory Training) -Eastern Branch
Theme: Financial reporting considerations for a resilient economy
Date: 7th – 8th March 2024
Time: 09.00am -3.30pm
Venue: Kyaka Hotel, Machakos
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
Evolving business demands and the dynamic global trends call for continued accurate monitoring and reporting of business performance. These developments coupled with the rapid changes in the standard setting environment have created many challenges to preparers and users of financial statements. The post covid-19 pandemic period has equally created more complexity due to the uncertainties created across businesses because of the impact of the pandemic on businesses.
This has resulted to various entities in business looking for new ways of conducting business because of the disruptions and the unprecedented approach towards business operations. This has equally impacted the way transactions are recorded and reported in the annual reports and financial statements.
Despite all these realignments, the need for high-quality and reliable financial reports cannot be over-emphasized. ICPAK aims to improve the quality of general-purpose financial reporting by organization across all sectors of the economy to ensure that there is better informed assessments of resource allocation and utilization decisions, thereby enhancing transparency and accountability.
The two-day IFRS seminar has been carefully tailored to meet the financial reporting requirements in view of the recent and current developments in corporate reporting under the IFRS framework. The Branch seminar will give the participants an opportunity to learn some of the latest developments in financial reporting and get details on the existing reporting standards.
Additionally, the course will explore the impact of non-financial reporting for businesses and treatment of various accounting and financial transactions.
The seminar sessions will also capture a review of the disclosure requirements for the various standards, which our specialist facilitators will provide guidance on the necessary requirements.
The seminar will focus on the following areas:
- IAS 1 – Preparation and presentation of financial statements and recent amendments
- IFRS 13 – Fair Value Measurement
- IAS 8 – Accounting policies, changes in accounting estimates and Errors
- IFRS 3 – Business combinations
- IFRS 15 – Revenue from contracts with Customers
- IFRS 16 – Leases
Practical illustrations and interactive discussions will be used during the presentations.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the workshop.
FINANCIAL COMMITMENT:
The workshop charges are Kshs. 10,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.
TARGET AUDIENCE:
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, IFRS Experts, Transaction Advisors, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit, Professionals working in County Governments and private sectors, Academia, Financial Reporting Consultants.
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training 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, +254 719 074 100, or via email to Everlyne Maingi at everlyne.maingi@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
