THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
FINANCIAL REPORTING: IFRS 16 Leases
Venue: Online Video
IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (‘lessee’) and the supplier (‘lessor’). The standard defines a lease as a contract that conveys to the customer (‘lessee’) the right to use an asset for a period of time in exchange for consideration.
IFRS 16 became effective for annual periods beginning on or after 1 January 2019 and a number of entities with 31 December year end, are either in the process of adoption and completion of compliant IFRSs financial statements or have completing the adoption are evaluation improvement areas in the coming year.
This training focuses on the critical aspects of IFRS 16 and challenges entities encountered and how to deal with these challenges.
This course will equip participants with the knowledge and practical skills necessary to understand:
- The key aspects of IFRS 16;
- Challenges observed and judgment areas;
- Key considerations to deal with challenges on adoption; and
- Disclosure requirements.
- Identify lease contracts under IFRS 16;
- Understand key judgement areas;
- Learn from challenges experienced in other companies; and
- Identify key disclosure requirements for lessee and lessor
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 3 CPD Units upon successfully completion of the video
The online Video charges are Kshs. 3,500.
Charges for the online video will cater for online video access fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for video is mandatory on https://www.icpak.com/event-registration/
Access the course at https://icpak.bafunde.com/courses/
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)
Further requests can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to firstname.lastname@example.org
We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.