FINANCIAL REPORTING &MANAGEMENT SEMINAR FOR THE CONSTRUCTION INDUSTRY

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October 17 @ 9:00 am - October 19 @ 4:00 pm

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under cap 531 of the Accountant Act, Laws of Kenya)

FINANCIAL REPORTING & MANAGEMENT SEMINAR FOR THE CONSTRUCTION INDUSTRY

Theme: Enhancing Accountability in the Building and Infrastructure Sector

Venue: English Point Marina – Mombasa

Date: 17th – 19th October, 2018

Time: 9am – 4pm daily

Overview

The building and construction sector contributes 4.8% of the Kenyan economic output (GDP). The population growth statistics also paint a rosy future for the construction industry. With the global population predicted to hit 9 billion by 2010, and 2 out of every 3 people living in cities by then, the demand for construction has never been greater. Worldwide, construction is already one of the largest industry sectors, accounting for more than 11 percent of global GDP and expected to grow to 13.2 percent by 2020, according to reliable studies undertaken in 2014.

However, focusing on this strong demand obscures a more precarious reality. Underlying challenges in productivity, profitability, performance, labour, and sustainability pose a threat to the industry’s growth. Organizations which will address these challenges effectively and re-engineer their business processes will be poised for significant growth. Businesses that fail to take the challenges seriously, however, will face an uphill battle for viability and long-term survival.

It is in view of the above that the Institute has organized this inaugural seminar to address some of the notable issues facing the construction industry, especially those related to financial reporting demands.

Objectives

  • To equip participants with the required knowledge of IFRS, IPSAS and Integrated Reporting in the construction industry
  • Update participants on the new regulatory developments affecting the housing and infrastructure sectors.
  • Learn on effective project management in the building and construction sector

 Topics

 Financial Reporting in the Construction Sector

  • IFRS 15 – Revenue from contracts with customers
  • Changing from IAS 11 – Construction contracts and IAS 18 – Revenue 
  • IFRS 13 – Fair Value Measurement

 Regulatory Requirements and the Economic Impact

  • The role of the Construction Authority in ensuring an orderly construction sector
  • The contribution of the construction sector to economic growth and the BIG-4 Agenda

 Project Management Insights

  • Effective management and supervision of construction projects
  • Beyond Compliance – Managing Environmental and Social Risks

 Taxation Perspectives

  • Impact of taxation on the construction industry
  • Deferred tax considerations in the building and construction sector

Investment Perspectives

  • Understanding Real Estate Investment Trusts (REITs)
  • Tapping into capital from REITs; understanding the historical risks and their returns

Contract Management

  • Managing legal risks in construction contacts
  • Effective contract management

Target Audience

The conference will be beneficial to Managers, Accountants, Budget Officers, Auditors, Monitoring & Evaluation Experts, Finance Managers and the Academia in the construction industry.

Financial Commitment

  Early Bird Registration (Booking & Payment before 3rd October 2018 Normal Registration (Booking & Payment after 3rd October 2018)
Associate Members 49,950 54,950
Members 59,950 64,950
Non-Members 69,950 74,950

These charges cover conference fees, writing material and meals during the conference.

CPD Credit20 Hours.

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).

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 sponsorships, exhibitions, advertising and sub-event sponsorship within the major event. The workshop intends to attract over 40 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 raphael.nguli@icpak.com

Further requests can be channeled to us via telephone calls on +254 719074100/129 or via email to molly.mwangi@icpak.com

We encourage you to regularly visit our website www.icpak.com for updates on the Seminar

Details

Start:
October 17 @ 9:00 am
End:
October 19 @ 4:00 pm
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

Target
Public and Private Sector
CPD Hours
20
Associates Member Cost
Ksh 54,950
Full Member Cost
Ksh 64,950
Non Member Cost
Ksh 74,950
Event Type
Conference
Status
Closed
Associate Member Discount
5000
Full Member Discount
5000
Non Member Discount
5000
Discount Date (yyyy-mm-dd)
2018-10-03

Venue

English Point Marina
Mombasa,
+ 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, +254 (0) 727 531006 / 733 856262 / 721 469796/ 721469169

Email: icpak@icpak.com

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