Financial Reporting Workshop: Sarova Panafric Hotel

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May 3, 2018 @ 8:00 am - May 4, 2018 @ 5:00 pm

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Financial Reporting Workshop

Theme: “Continuous Improvement in Financial Reporting”

Date: 3rd – 4th May 2018

Venue: Sarova Panafric Nairobi

Time: 9am to 4pm

1.0  Overview

The main purpose of financial reporting is to provide information useful in decision making to different users in the market. With the ever changing business environment, user expectations are increasingly getting dynamic, and so is the quality of information expected from financial statements prepared by the accounting entities. In response to this, the accounting and reporting standards are being revised and updated often to incorporate a more realistic background against which modern financial reporting will be based.

To continuously improve the quality of information disclosed in the financial statements, it is critical that accountants understand the key provisions and application of various standards relevant to their organizations and industry. Some of these standards are those relating to contracts with customers, accounting for leases as well as current and deferred tax. Contextualizing the provisions of these standards to suit different reporting environments will contribute positively to the credibility of disclosures made in the financial statements prepared by the accounting entity for its different users.

Further, there is a growing focus on the role of integrated reporting as a vehicle for increased stakeholder confidence in financial reporting. Deferred tax disclosures help an entity adopt a more forward looking reporting environment that appeals to potential investors and lenders.

To this end, ICPAK has organized a two-day workshop themed ‘Continuous Improvement in Financial Reporting’ to provide more insights on financial reporting standards as well as guide on disclosures and compliance.

Objectives

The specific training objectives will be as follows;

  1. Obtain understanding of the application and use of IFRS as a reporting framework.
  2. Understand the disclosure requirements for disclosure of revenue from contracts with customers.
  3. Appreciate the requirements of the new standard for accounting for leases.
  4. Increase understanding of related party transactions and transfer pricing.
  5. Obtain a deeper understanding of deferred tax and the related computations.
  6. Understand the motivation behind and components of integrated reporting and how these will impact business performance.

Topics

  •  IFRS 15 (Revenue from customer contracts)
  • IFRS 16 (Accounting for Leases)
  • IAS 24 (Related party disclosures and transfer pricing)
  • IAS 12 (Deferred tax and related amendments)
  • IAS 19 (Employee benefits)
  • Integrated Reporting

2.0  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.

3.0  Target Audience:

Accountants, Auditors, Associate members, practicing members, Academia, Financial Reporting Consultants.

4.0 Financial Commitment

The workshop charges for The Financial Reporting Workshop as follows:

  Category Early Bird RegistrationBooked & Paid for before 20th April 2018 Normal RegistrationBooking & Payments or LPOs / LSOs received after 20th April 2018
Associate Members 9,950 10,950
Members 13,950 14,950
Non-Members 23,950 24,950
International Delegates USDs 340 USDs 350

Charges for Financial Reporting Workshop cover workshop fees, materials, meals and e-certificates of attendance.

5.0  Special Needs

If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on brenda.imali@icpak.com

6.0  Dress Code

The workshop dress code is Business Formal/ Business Professional

7.0  Online Booking.

We call on workshop participants to note that booking for the Financial Reporting Workshop is available only online at www.icpak.com/events and will close on the 2nd May 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.

8.0  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).

 9.0  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 seminar intends to attract over 150 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 +254 719 074 100/ 719 074 311 or via email to  memberservices@icpak.com or brenda.imali@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.

Details

Start:
May 3, 2018 @ 8:00 am
End:
May 4, 2018 @ 5:00 pm
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

Target
Public and Private Sector
CPD Hours
14
Associates Member Cost
Ksh 10,950
Full Member Cost
Ksh 14,950
Non Member Cost
Ksh 24,950
Event Type
Seminar
Status
Open
Associate Member Discount
1000
Full Member Discount
1000
Non Member Discount
1000
Discount Date (yyyy-mm-dd)
2018-04-20

Venue

Sarova Panafric Hotel
Sarova Panafric Hotel, Nairobi, Kenya
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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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