THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
International Public Sector Accounting Standards (IPSAS) Seminar
DATE: 13th -14th July 2017
VENUE: Hilton Hotel, Nairobi
TIME: 8am to 5pm
Overview of the Seminar
This seminar aims to improve the quality of general purpose financial reporting by public sector entities, leading to better informed assessments of the resource allocation decisions made by governments, thereby increasing transparency and accountability. The seminar will be a refresher on reporting standards of the above target audience and also provide guidance on compliance
Why the seminar is beneficial to you?
- The seminar will enable you understand the current requirements for presentation of accrual-based and cash based IPSAS financial statements and related disclosures
- Provision of information on how have IPSASs changed recently, and what changes can be expected going forward?
- Highlight the practical issues commonly arise when implementing IPSASs.
- Understand requirements for transitioning from cash or modified cash basis to the accrual basis of accounting.
- Achieve greater transparency within your entity’s regarding your use of the various sources and resulting liabilities & expenditure.
Objectives
At the end of the seminar covered, participants should be able to:
- Understand the accrual accounting concepts, as well as key IPSAS recognition, measurement, presentation and disclosure requirements,
- Improve overall management and planning via the application of more precise estimates of income and expenditure and effective usage of assets and liabilities
- Understand the strategic implications of IPSAS adoption,
- Assess the impact of the application of IPSAS on your organisation,
- Understand the practical implications and challenges of an IPSAS conversion project,
- Implement and apply IPSAS in practice, drawing from best implementation practices learned during the course.
The seminar will address the following topics:
| Standard | Content to be covered |
| Revenue Recognition
|
IPSAS 9 establishes requirements for the accounting treatment of revenue from exchange transactions.
IPSAS 23- |
| Presentation of financial statements
|
To set out the manner in which general-purpose financial statements shall be prepared under the accrual basis of accounting, including guidance for their structure and the minimum requirements for content. |
| Provisions, Contingent Liabilities and Contingent Assets | nsure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount
nsure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount Ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount. |
1.0 Target Audience:
Accountants in the public sector, Audit practitioners involved in the public sector, Scholars and consultants for public entities.
2.0 Online Booking
Kindly note that booking for the IPSAS seminar 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 12th July 2017 at 1700 hrs
3.0 IPSAS seminar Charges:
The Charges for IPSAS seminar which cover workshop materials, meals, and e-certificates of attendance is as provided under;
| Category | Early Bird Registration
Booked & Paid for before 30th June 2017 |
Normal Registration
Booking & Payments or LPOs / LSOs received after 30th June 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 IPSAS seminar
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
IPSAS seminar attracts over 200 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 Income IPSAS seminar can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to emma.opiyo@icpak.com . We encourage to regularly visit our website www.icpak.com for more updates
