THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
FINANCIAL REPORTING WORKSHOP
DATE:4th – 5thMay,
VENUE: Hilton Hotel (Nairobi)
TIME: 8am to 5pm
The purpose of this workshop is critical for timely financial reporting and continual awareness of the reporting requirements. It is envisaged that at the end of the workshop, the participants will have their financial reports in compliance with the standards that govern the Accounting profession applicable to Kenya. The workshop will be a refresher on reporting standards of the target audience and also provide guidance on compliance:
At the end of the workshop covered, participants should be able to:
- Understand the disclosure requirements for IFRS 12, IFRS23 , IAS 12 ,27 & IAS 24.
- Obtain understanding of the application and use of IFRS as a reporting framework.
- Obtain understanding of tax issues affecting the industry as well as a refresher on tax computations and review (Current and deferred taxes).
Why the workshop is beneficial to you?
- Gain a clear understanding of the developments in standards, interpretations and regulatory actions.
- Take away illustrations of key report components with current period changes identified
- Translate theory into practice with case studies and illustrations
- Know what regulators and auditors focus upon
- Be confident in knowing your statutory and professional obligations
- Work with presenters who understands a wide cross-section of accounts (listed, not-for-profit, general and special purpose, financial services among others)
The workshop will address the following topics:
|Standard||Content to be covered|
|The objective is to reduce complexity in financial reporting without sacrificing the quality of information provided to users. Entities are required to separate deferred income tax liabilities and assets into current and non-current amounts in a classified statement of financial position.
Areas of coverage:
· Current tax issues affecting the industry.
· Current taxes
· Deferred tax
ü Normal operations- 30%
Capital gains tax – 5%
|Related Party Transactions
|Ensure that an entity’s financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances with such parties.|
|Provisions, Contingent Liabilities and Contingent Assets||Ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount
Ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount
Ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount.
1.0 Target Audience:
Accountants, Auditors, Associate members, practicing members, Academia, Financial Reporting Consultants
2.0 Online Booking
Kindly note that booking for the Financial Reporting Workshop 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. Delegates are urged to note that the bookings close on 3rd May 2017 at 1700 hrs
3.0 Workshop Charges:
|Details||Early Bird Rate
(Booking and Payment received by 22nd April 2017)
(Booking and payment received after 22nd April 2017)
|Associate Members||KShs 9, 950 per Delegate||KShs 10, 950 per Delegate|
|Full Members||KShs. 13,950 per Delegate||KShs. 14,950 per Delegate|
|Non-Member||KShs. 23,950 per Delegate||KShs. 24,950 per Delegate|
|International Delegates||USD. 340||USD. 350|
4.0 Continuous Professional Development Units
Members of ICPAK and other reciprocating professional bodies will earn 14 CPD points upon successfully attending the Financial Reporting Workshop
5.0 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).
6.0 Sponsorship Opportunities & Additional Information
The Financial Reporting Workshop attracts over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through firstname.lastname@example.org. Other requests for information can be channelled to us via telephone on +254 733 856 262/ 727531006/ 733856262/ 721469169 or via email to Emma Ayalo on email@example.com. We encourage you to regularly visit our website www.icpak.com for updates on the Conference