THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
THE ANNUAL NPO FINANCIAL MANAGEMENT CONFERENCE
Theme: Re-Adjusting for Efficiency
Date: 13th -15th November 2019
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
World over, there is a growing shift from donor funding to trade, resulting in limited funding for Non-Governmental Organizations (NGO), Non-Profit Organizations (NPO) or Public Benefits Organizations (PBO) sector. How do NPOs adapt to this shift while retaining their core objective? This shift demands for a reshaping the role of the board to promote sustainable development programs and outcomes that portend increased business opportunities.
Back home, NPOs have recently found themselves at crossroads with the requirement that they prepare and file financial reports in full compliance with IFRSs. This requirement has in several instances not been in tandem with the reporting required by donors and financiers, resulting in increased cost of doing business, impacting the look and contents of financial statements, accounting for sector specific items such as monetary and non-monetary donations, how boards of directors “read” financial statements, and how board members and others may understand a nonprofit’s financial reports.
It’s also important to deliberate on the taxation issues of the sector as it continues to attract the attention of financiers’ reporters as well as the regulatory authorities.
NPOs in Kenya have been faced with questions such as; which specific standards do they apply in their reporting? How do they marry their near-cash reporting to the accrual-based accounting called upon by IFRSs? How will the donor reports be aligned to the IFRSs compliant financial statements? What interest does the tax authority have in NPOs?
Strength in Numbers – How do NPOs collaborate for better outcomes as opposed to “competing for declining/focused donor funding”? This session will focus on creating NPOs that are capable of negotiating with donors on development outcomes as opposed to “micro-organizations that are only seeking funding opportunities”.
Core Thematic Areas
- Financial Reporting
- Regulatory Space – Taxation and Money Laundering Issues
- Innovation and Partnerships – Dealing with the Age of Reduced Donor Funding
- Accountability for Results – Role of ‘Wanjiku’
Objectives of the Training
The specific training objectives will be as follows;
- To improve the quality of financial information disclosed by NPOs for increased accountability;
- Find out the linkage between donor reporting and IFRS compliant financial statements;
- Overview of compliance requirements of the NGOs Coordination Board;
- Compliance with tax laws and taxation requirements for NPOs
- Explore avenues for collaboration and partnerships for better humanitarian and development outcomes; and
- For inclusive programming and accountability … the role of “Wanjiku”
- Tax Modernization and The NGO Sector – Challenges and Opportunities
- Towards Convergence of IFRS and Donor Specific Reporting Requirements
- Presentation and Preparation of Financial Statements
- Strength in Numbers – Growth and Sustainable Development Outcomes
- From Need Driven Aid to Sustainable Development
- Valuable Partnerships – The Role of The Media in Promoting NGO’s Growth
- Innovation for Results and Accountability
- PBO’s Role in Fighting Money Laundering Activities in Kenya and Beyond
|Category||Early Bird Registration
Booking & Payment on or before
Booking & Payment or LSO/LPO received by ICPAK after 29/10/2019
|Associate Members/Accounting Trainees||Ksh. 55,000||Ksh.65,000|
|Kenyan based Members/ACCA Members and IFAC PAOs||Ksh. 65,000||Ksh. 70,000|
|Non-members & International Delegates||Ksh. 70, 000
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all conference sessions.
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).
The conference presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email firstname.lastname@example.org
Further requests can be channeled to us via telephone calls on +254 719 074000 or via email to email@example.com with a copy to firstname.lastname@example.org.
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