THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
IAS 10 Events After the Reporting Period Webinar
Date: 4th August 2022
Events after the reporting period are those events, both favorable and unfavorable, that take place between the end of the reporting period and the date when the financial statements are authorized for issue. The two types of events are:
- those that provide evidence of conditions that existed at the end of the reporting period (adjusting events); and
- those that are indicative of conditions that arose after the reporting period (non-adjusting events).
An entity adjusts the amounts recognized in its financial statements to reflect adjusting events, but it does not adjust those amounts to reflect non-adjusting events. If non-adjusting events after the reporting period are material, IAS 10 prescribes disclosures.
This webinar will highlight the appropriate accounting treatment and disclosure requirements under IAS 10 for the events that occur between the end of the reporting period and the date when financial statements are authorized for issue.
The learning objectives are: –
- Whether an event is in the scope of IAS 10
- Differences between adjusting and non-adjusting events
- Accounting treatment or disclosures for adjusting and non-adjusting events
- the concept of going concern and its relation to IAS 10
- IAS 10 standard’s disclosure requirements.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending each of the sessions.
Charges for the training will be Kes 1,000/= which will cover workshop fees, materials, and e-certificates of attendance.
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. 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.
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)