IPSAS Workshop – Central Rift Branch

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July 27, 2017 @ 8:00 am - July 28, 2017 @ 2:00 pm

IPSAS Workshop – Central Rift Branch

Date: 27th28th July 2017

Venue:Merica Hotel

Branch: CENTRAL RIFT

Introduction

In the bid to promote transparency and good governance in the public service, the Public-Sector Accounting Standards Board was constituted and the International Public Sector Accounting standards were endorsed in Kenya. A major prerequisite to the efficient functioning of the board and effective adoption of the International Public Accounting Standards is having staff in the public service and the public who not only have a thorough understanding of IPSAS but also can design and operate sound financial systems for collecting, sending and accounting for public expenditure. It is for these reasons that the Institute of Certified Public Accountants of Kenya has organised a 2 days IPSAS workshop for participants who would wish to broaden their knowledge and deepen their skills in the public sector financial reporting and financial management.

This workshop 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 provide guidance on compliance

The workshop will highlight on:

Key Provisions of the PFM Act 2012 and Mwongozo Code of Governance

The benefits, Challenges and way forward of IFMIS in Kenya

Preparation of Financial Statements under the various IPSAS (Cash/Accrual) and IFRS: The session will consider:

  • IPSAS 24 Preparation of Budget Information
  • IPSAS 17 – Property plant and Equipment

Transitioning to the Accrual Basis of Accounting: This session will dwell on:

  • Overview of IPSAS 33 First-Time Adoption of Accrual Basis IPSASs
  • Transition paths
  • Recommendations for transitioning from cash or modified cash basis to the accrual basis of accounting for a public sector
  • IPSAS overview with IFRS comparison
  • Application of IPSAS Financial Statement requirement to public sector entities.

FiRe Award year 2016:

  • IPSAS/IFRS major non-compliance & findings
  • Recommendations for the public Sector

Target Audience:

This workshop will be most beneficial to delegates drawn from both the public and private sectors particularly; Accountants in the public sector, Audit practitioners involved in the public sector, Scholars and consultants for public entities.

Workshop Charges and CPD Units

The charges for the two-day IPSAS Workshop are as follows:

Category Seminar fees
Members Kshs. 8,950
Associate Members Kshs. 6,950
Non-Members Kshs. 10,950

Members of ICPAK and of reciprocating professional bodies will earn 14 Structured CPD Units upon full attendance.

 Online Booking

Kindly note that booking for the workshop is available only online at https://www.icpak.com/event

Details

Start:
July 27, 2017 @ 8:00 am
End:
July 28, 2017 @ 2:00 pm
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

Target
Public and Private Sector
CPD Hours
14
Associates Member Cost
Ksh 6,950
Full Member Cost
Ksh 8,950
Non Member Cost
Ksh 10,950
Event Type
Seminar
Status
Open

Venue

Merica Hotel, Nakuru
Nakuru, Kenya
+ Google Map
Phone:
+254 727 531006
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About ICPAK

ICPAK is an Institution
mandated to protect and uphold public interest
as well as develop and regulate the accountancy profession in Kenya.

Member Of:

Contact Information:

P.O BOX 59963-00200,
CPA Center, Ruaraka, Thika road.
Nairobi, Kenya.
Telephone Line (Main) : +254 719 074 000
Mobile: +254 719 074 000
Email: icpak@icpak.com

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