IFRS 5-Non-Current Assets Held for Sale and Discontinued Operations webinar

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

IFRS 5-Non-Current Assets Held for Sale and Discontinued Operations
Date: 21st April 2026
Time: 4:00- 6:00PM
Venue: Virtual

Overview

Today’s business environment is increasingly dynamic, characterized by frequent restructurings, divestments, mergers, and strategic exits. These developments have significantly increased the occurrence of assets held for sale and discontinued operations, making their correct accounting more critical than ever. Accurate classification, measurement, and presentation under IFRS 5 are essential to safeguarding the credibility of financial statements and ensuring transparent communication to investors and other key stakeholders.

IFRS 5 provides the authoritative framework for the consistent and transparent accounting of such transactions. However, its practical application often presents complex judgment areas, particularly in fast-evolving business situations. This webinar is therefore designed to equip professional accountants with a clear, practical, and compliance-focused understanding of IFRS 5. The emphasis is on real-world implementation challenges encountered during asset disposals, business restructuring, and strategic repositioning.

The session will focus on how to:

• Determine when an asset or disposal group qualifies as “held for sale”
• Apply the appropriate measurement requirements at fair value less costs to sell
• Identify and present discontinued operations accurately
• Assess the impact on profit or loss, cash flows, and the statement of financial position
• Navigate complex judgment areas, including abandoned sales, reclassification, and impairment interactions

The webinar will adopt a practical, application-driven approach, highlighting common misclassifications, disclosure gaps, and key audit and regulatory expectations. Participants will also gain insight into how IFRS 5 interfaces with other relevant standards, including IFRS 3, IAS 36, IFRS 16, and IFRS 10.

By the end of the session, participants will be better positioned to apply IFRS 5 with confidence and by so doing enhance the quality and transparency of financial reporting. This is envisaged to minimize compliance risk and communicate more effectively on discontinued operations and asset disposals.

Target Audience

This training is primarily meant for preparers of financial statements and assurance professionals although not limited to accountancy practitioners only, staff from other units are highly encouraged to attend.

Continuous Professional Development Units
Members of ICPAK and those from other reciprocating professional bodies will earn 2 CPD units upon successfully attending all conference sessions.

Financial Commitment:

Note: This is virtual training and therefore training materials, meals and other related provisions are not required.

Online Booking:

We call on seminar participants to note that booking is available only online at www.icpak.com/events. Delegates are reminded to note that online booking for training sessions 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.

National Industrial Training Authority (NITA) Reimbursement:

The Institute is registered as a trainer with the 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 marketing@icpak.com.

We encourage members to regularly visit our website https://www.icpak.com for updates.