IAS 1 Presentation of Financial Statements - Recording

Loading Events
« Events
  • This event has passed.

July 21 @ 4:00 pm - October 21 @ 6:00 pm

| Ksh 1000

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)

IAS 1 Presentation of Financial Statements

Date: 21st July 2021

Venue: Webinar

OVERVIEW

IAS 1 sets out overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. It requires an entity to present a complete set of financial statements at least annually, with comparative amounts for the preceding year (including comparative amounts in the notes). A complete set of financial statements comprises:

• a statement of financial position as at the end of the period.
• a statement of profit and loss and other comprehensive income for the period. Other comprehensive income refers to those items of income and expense that are not recognized in profit or loss in accordance with IFRS Standards. IAS 1 allows an entity to present a single combined statement of profit and loss and other comprehensive income or two separate statements;
• a statement of changes in equity for the period.
• a statement of cash flows for the period.
• notes, comprising a summary of significant accounting policies and other explanatory information; and
• a statement of financial position as at the beginning of the preceding comparative period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements.

An entity whose financial statements comply with IFRS Standards must make an explicit and unreserved statement of such compliance in the notes. An entity must not describe financial statements as complying with IFRS Standards unless they comply with all the requirements of the Standards. The application of IFRS Standards, with additional disclosure, when necessary, is presumed to result in financial statements that achieve a fair presentation. IAS 1 also deals with going concern issues, offsetting and changes in presentation or classification.

The webinar will cover the following topical areas.

 Preparation of Statement of profit or loss and other comprehensive incomes
 Preparation of statement of financial position as at the end of the period
 Preparation of statement of changes in equity for the period
 Preparation of statement of cash flows for the period
 Disclosures
 Notes comprising a summary of significant accounting policies.
 Emerging issues in relation to preparation of Financial Statements-IAS 1

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.

FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance

ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking

We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.

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 +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.

We encourage members to regularly visit our website https://www.icpak.com for updates.

Details

Start:
July 21 @ 4:00 pm
End:
October 21 @ 6:00 pm
Cost:
Ksh 1000
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

Target
Public and Private Sector
CPD Hours
2
Associates Member Cost
Ksh 1,000
Full Member Cost
Ksh 1,000
Non Member Cost
Ksh 1,000
Event Type
Seminar
Status
Open
Oct 26

Online Anti-Money Laundering And Counter-Terrorism Financing Certification

Book Now!
Nov 01

THE 27TH EXECUTIVE SEMINAR

Book Now!
Nov 03

Financial Services Sector Conference

Book Now!
Nov 04

IFRS 16- Leases

Book Now!
Nov 10

The Annual Leadership Convention

Book Now!
Oct 26

Conceptual framework

Book Now!
Oct 26

Internal Audit Reporting Test

Book Now!
Oct 26

Tax and Economics

Book Now!
Oct 26

HANDLING TAX CONTROVERSY

Book Now!
Oct 26

NPO Conference – Recording

Book Now!
Oct 26
Oct 26

Integrated Reporting Webinar

Book Now!
Oct 26

International Taxes workshop

Book Now!

Download



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

Today's Visitors

790209
Users Today : 1507
Who's Online : 9

TOP