Financial Reporting Workshop - Eastern

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November 21, 2019 @ 8:00 am - November 22, 2019 @ 2:00 pm


(Established under the Accountant Act, Laws of Kenya)

 Financial Reporting Workshop

Date: 21st – 22nd November, 2019

Venue: Garden Hotel, Machakos


Financial reporting is a dynamic area which has been evolving over time to match the everchanging demands within the business environment. The primary goal of financial reporting in organizations is to provide enough information for decision making by both internal and external stakeholders, and 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.

International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent and comparable around the world. They specify how companies must maintain and report their accounts, defining types of transactions and other events with financial impact. IFRS were established to create a common accounting language, so that businesses and their financial statements can be consistent and reliable from company to company and country to country.

As new standards and interpretations continue to be pronounced, management and professional 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 fact, 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 which have recently been issued. The forum will cover various topics including:

IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors

IFRS 16 – Accounting for Leases: A Case Study and lessons from early adoption

IFRS 7 – Financial Instruments: Disclosures

IFRS 9 – Financial Instruments: IFRS vs Prudential Guidelines

IFRS 15 – Revenue from Contracts with Customers: Disclosure requirements

IFRS 13 – Fair Value Measurement: Disclosure requirements

IFRS 17 – Insurance Contracts

Integrated Thinking and Reporting for Sustainability


The specific training objectives will be as follows;

  1. Obtain understanding and application of various IFRSs including the recently issued standard on insurance contracts
  2. Understand the disclosure requirements for disclosure of revenue from contracts with customers and fair value measurements
  3. Appreciate the requirements of the new standard for accounting for leases
  4. Obtain a deeper understanding of the divergence between IFRS requirements and Prudential Guidelines as required by industry Regulators
  5. Understand the motivation behind and components of sustainability reporting and how these will impact business performance

Target Audience

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

Event Booking

Kindly note that booking is available either online at  or on the ICPAK Live – A smart phone based application that is available from Google store. Delegates are advised to book early for planning purposes.


Charges for this forum are as provided below:

 Category Charges (Ksh)
Associate Members 8,000
Members 10,000
Non Members 12,000

Continuous Professional Development (CPD) Units

Members of ICPAK will earn 14 CPD points upon successful attendance. Enquiries may be directed to us via


November 21, 2019 @ 8:00 am
November 22, 2019 @ 2:00 pm
Event Category:




CPD Hours
Associates Member Cost
Ksh 8,000
Full Member Cost
Ksh 10,000
Non Member Cost
Ksh 12,000
Event Type


Gardens Hotel, Machakos
+ Google Map
+254 727 531006
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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) 733 856262