FINANCIAL MANAGEMENT SEMINAR FOR THE AGRICULTURAL SECTOR
16TH -17TH FEBRUARY 2017
NORTH RIFT BRANCH
VENUE: SIRIKWA HOTEL – ELDORET
Market dynamics continue to change, capital requirements are increasing for operations at a rapid rate and positive business margins are difficult to maintain. The unknowns of the marketplace are greater due to the sensitivity of the current global economic situation as well as global trade issues. All of this points to the fact that financial management in the agribusiness is more important than any other time in history. This seminar will offer those involved with the day-to-day management of agriculture businesses the decision making ability to increase their knowledge of what the fundamentals of the global agriculture market suggest, understand key technical financial measurements of the business, and use these to pro-actively position by their business to circumvent road blocks and also capitalize on opportunities.
Some of the areas to be addressed include:
- Financial management: The Key to Farm-Firm Business Management:
This session will seek to review the key pointers in budgeting, sourcing for financiers as well as risk management guidelines that can be used in the agricultural businesses.
- Taxation in the Agriculture Sector:
This session will look at various tax planning and management avenues available for the agriculture sector, tax crimes and the pitfalls to avoid in tax management, effective minimization of risk among others.
- Insurance for the Agricultural Sector; Innovations and challenges
Risky as it may appear, a number of insurance companies have packaged and provide solutions to manage loss in the agriculture sector. This presentation will be made by an insurance service provider to share insight on the various insurance packages available for the Agricultural Sector as well as the benefits and challenges of insurance.
- Financial Reporting in the Agricultural sector; An appraisal of recent changes and application of IFRS:
- How is agricultural activity presented and disclosed in the entity’s financial statements?
- Fair Value Measurements
- What cash inflows and outflows are included in a cash flow model?
- What are the unique categories of income related to IAS 41and how are they disclosed?
- Addressing the difficulties encountered in the application of the standard.
- The Role of Derivative Markets in Modern Agriculture:
The Nairobi Securities Exchange (NSE) is expected to launch the derivatives market in 2017. In light of this, the session will look into how the derivative market works, the benefits to the stakeholders and opportunities it may present.
- Personal Time Management:
This session will focus on answering the question, “what is time management?” We shall also explore the benefits of time management and identify time wasters in our day to day activities. During the session, we shall explore how to manage, organize and plan your time to avoid procrastination.
This forum will be most beneficial to delegates drawn from both the public and private sectors particularly; Accountants and finance professionals in the agricultural sector, Heads of Departments in Agriculture related ministries, Chief Officers and Senior County Officials overseeing agricultural dockets, Financial Accountants, Finance Managers, Academia, Consultants and NGOs especially those with a thematic focus on access to finance for agricultural enterprises, Academia, Accountants and auditors for agriculture related entities.
Seminar Charges and CPD Units:
Charges are Kshs. 8,950 and Kshs. 10, 950 for members and non-members respectively. Associate members will pay Kshs. 6, 950.
Members in attendance will earn 14 Structured CPD Hours.