THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Financial Management for the Higher Education Sector
Date: 23rd – 24th August 2018
Venue: Intercontinental Hotel, Nairobi
TIME: 9am to 4pm
There has been a significant growth in the higher education sector during the last three decades. Due to some regional and demographical factors, the numbers of higher education applicants and enrolment in vocational, undergraduate and postgraduate levels have increased. As a natural response, more higher education institutions and degree awarding bodies, both state and privately owned, have been founded in order to absorb the growing numbers of applicants.
Obtaining and managing finance is one of the key challenges facing the higher educational institutions over the globe. Due to the recent financial crisis and economic slump, the problem has escalated at the higher educational institutions as the whole sector is experiencing further difficulties in participant numbers, accessing funding opportunities as well as finding financing options. As in many other countries, higher education sector in Kenya faces financing difficulties due to the shortage/reduced public support, the absence of sustainable support from the private sector, the centralization of higher education financial management practices including budgeting, and the ambiguity of strategic financing plans.
To address the emerging financial management and reporting issues affecting this sector, the Institute of Certified Public Accountants of Kenya (ICPAK) has organized a two-day workshop to explore the common practices undertaken by the higher education institutions in order to survive and secure finance to their operational activities. The workshop sheds light on the public support being provided to the higher education institutions through the financial subsides presented by the government. This workshop will provide the delegates with expert knowledge on the practical challenges affecting higher education financial management and offer guidance on compliance with both the regulatory and reporting requirements.
The workshop will highlight on:
- Financing options and revenue structure: Experience of the higher education institutions.
- Resource Mobilization, multiannual budgeting and planning
- Higher education institutional policy for the development of good governance and its relation to the financial decisions
- Increased competition and income diversification for higher educational institutions
- Funding higher education institutions: Best Business Practices
- Internal Audit and Audit Committees in organizational management
- Regulatory and reporting requirements
By the end of the workshop participants will be able to:
- Understand what are the available financing options for the higher education institutions
- Appreciate the extent to which higher education institutions are supported through public subsides
- Understand challenges facing higher education institutions ‘financial management.
- Comprehend institutional, regulatory and reporting requirements in the education sector.
1.0 About the Workshop
This is an ICPAK’s Financial Management for the Higher Education Sector Workshop
2.0 About Nairobi-The Events Venue. (City Information for International Delegates)
Nairobi is considered one of the most prominent cities in Africa, housing many multinational companies and organizations. It is a financial hub. It has very unique tourist attractions that you may want to enjoy after your training: These include: The Nairobi National Park, Animal Orphanage, Bomas of Kenya, Karen Blixen Museum, The Uhuru Park, Nairobi Railway Museum, Jamia Mosque, Uhuru Gardens, Snake Park Nairobi, Jeevanjee Gardens, Oloolua Nature Trail, Ngong Forest, The Judiciary Museum, The Giraffe Center, Paradise Lost, Karura Forest, Africa’s Largest Slum – Kibera and the Maasai Market.
3.0 Continuous Professional Development Units (CPD Units)
Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all workshop sessions
4.0 Target Audience:
Higher education institutional Regulators, practitioners and other stakeholders in finance management including Finance Managers, Internal Auditors, Accountants, Finance consultants and any persons seeking knowledge in higher education institutions’ financial reporting matters.
Accountants, Auditors, Associate members, practicing members, Academia, Financial Reporting Consultants, Finance and accounting professionals working in universities, colleges, principals, heads of departments, deans of schools in the higher education sector.
5.0 Financial Commitment
The workshop charges for The Financial Management for the Higher Education Sector as follows:
|Category||Early Bird Registration
Booked & Paid for before 8th August 2018
Booking & Payments or LPOs / LSOs received after 8th August 2018
|International Delegates||USDs 340||USDs 350|
Charges for Financial Management for the Higher Education Sector which cover workshop fees, materials, meals, meals and e-certificates of attendance
6.0 Workshop Travel and Accommodation Information (VERY IMPORTANT)
International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost
Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs
7.0 Special Needs
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on firstname.lastname@example.org
8.0 Dress Code
- The workshop dress code is Business Formal or Business Professional
9.0 Online Booking
We call on workshop participants to note that booking for the Financial Management for the Higher Education Sector is available only online at www.icpak.com/events and will close on the 22nd August 2018 at 1700 hrs. Delegates are reminded to note that online booking for events 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.
10.0 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).
11.0 Sponsorship’s, Partnership Opportunities & Additional Information
This workshop presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorship’s, exhibitions, advertising and sub-event sponsorship within the major event
The workshop intends to attract over 100 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 email@example.com
Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to firstname.lastname@example.org or email@example.com . We encourage members to regularly visit our website www.icpak.com for updates.