Financial Reporting Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Financial Reporting Workshop

Date: 5th – 6th December 2018

Venue:Hilton Hotel Nairobi

TIME: 9am to 4pm

Introduction

The primary goal of financial reporting in organizations is to provide sufficient information for decision making by both internal and external stakeholders. Qualities such as uniformity and comparability of statements across organizations are crucial in achieving this goal. To be of value the statements should also reflect the true and fair financial position of an economic entity to be of value.

The International Financial Reporting Standards and International Accounting Standards are established to ensure convergence and quality of financial statements. As new standards and interpretations continue to be pronounced, management and accountants are required to keep abreast with developments and ensure compliance. Recent issuances significantly impact areas of accounting that include measurement, recognition, disclosures and presentation of financial statements. In certain cases, they have the potential to impact other aspects of entities such as business structures and information systems.

Cognizant of this, ICPAK has organized this two-day workshop intended to appraise delegates on recent developments in IFRSs and IASs as well as delve into specifics of applying new standards.

The forum will cover various topics including:

1. IFRS for SMEs
2. IFRS 16 (Accounting for Leases)
3. IFRS 15; Revenue Recognition- Interpreting the New Revenue Recognition Standard

• (Revenue from customer contracts)

4. IFRS 17 – Insurance contracts

• Transition from IFRS 4 to IFRS 17

5. IAS 12-Income Taxes

• Recognition of current tax liabilities and current tax assets
• Recognition of deferred tax liabilities and deferred tax assets
• Measurement
• Recognition of current and deferred tax
• Presentation and Disclosure

6. Integrated Reporting

1.0 About the Workshop

This is an ICPAK’s Financial Reporting Workshop

2.0 About Nairobi-The Events Venue. (City Information for International Delegates)

Nairobi is considered one of the most prominent cities in Africa, housing many multinational companies and organizations. It is a financial hub. It has very unique tourist attractions that you may want to enjoy after your training: These include: The Nairobi National Park, Animal Orphanage, Bomas of Kenya, Karen Blixen Museum, The Uhuru Park, Nairobi Railway Museum, Jamia Mosque, Uhuru Gardens, Snake Park Nairobi, Jeevanjee Gardens, Oloolua Nature Trail, Ngong Forest, The Judiciary Museum, The Giraffe Center, Paradise Lost, Karura Forest, Africa’s Largest Slum – Kibera and the Maasai Market.

3.0 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

4.0 Target Audience:

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

5.0 Financial Commitment

The workshop charges for The Financial Reporting Workshop as follows:

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

6.0 Workshop Travel and Accommodation Information (VERY IMPORTANT)

International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost

Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs

7.0 Special Needs

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

8.0 Dress Code

The workshop dress code is Business Formal/ Business Professional

9.0 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 8^th August 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.

10.0 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).

 11.0 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 300 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 channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or emma.opiyo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.