IFRS Workshop for Not for Profit Organizations (NPOs)

Loading Events
« Events
  • This event has passed.

February 12, 2016 @ 8:00 am - 5:00 pm

Overview

Charities and other not-for-profit organizations (NPOs) increasingly work internationally with grants from government funding their development and relief activities, while private donors and international foundations are increasingly taking a global approach to their work. As a result, charities and other NPOs face a multiplicity of international grant regimes, often made more complex by the lack of an agreed approach to financial planning and reporting

This one day workshop will provide delegates a rigorous and detailed review of major IFRS requirements of relevance to non-profit entities.

Topics to be covered will include:

  1. Financial reporting framework for the NPO sector

This section presents the specific and general accounting and financial reporting frameworks for NPOs that have been highlighted in the literature. These are discussed in three main sub-sections:

►General Framework;

  • Objective of financial statements
  • Contents of financial statements
  • Characteristics of financial statements
  • Financial statements assertions

►Specific Framework Only applicable to NPOs

  • Inventories
  • Tangible/intangible assets – ( Assets Impairment of assets (IAS 36) and adaptations for non-cash generating assets: Liabilities General expense and liability recognition principles/ Giving donations and grants/ Provisions, contingent liabilities and contingent assets (IAS 37))
  • Strategic investments
  • Contribution
  • Fund accounting
  • Related party transactions
  1. Accounting for Revenues (IFRS 15/IAS 18 & 11) – Why the change
  2. Case Study – Illustrative Financial Statements, Footnotes and Disclosures: Best Practices

Target group

Accountants and finance staff with financial reporting responsibilities of not-for profit making entities such as faith based organizations and charity organizations, operational managers of not-for profit entities, auditors of not-for profit making entities that report under IFRS, consultants, compliance staff

Workshop Charges:

The Workshop will be held on Friday, 12th February 2016 at Hilton Hotel Nairobi. Charges are Kshs. 7, 950 and Kshs. 14, 950 for ICPAK members and non members respectively. 7 CPD Hours will be awarded to members in attendance.

Details

Date:
February 12, 2016
Time:
8:00 am - 5:00 pm
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

CPD Hours
7
Associates Member Cost
Ksh 7,950
Full Member Cost
Ksh 7,950
Non Member Cost
Ksh 14,950
Event Type
Seminar
Status
Open
Mar 28

Online Anti-Money Laundering And Counter-Terrorism Financing Certification

Book Now!
Mar 28

IFRS Certification Course

Book Now!
Mar 28

Enterprise Risk Management (ERM) Certification Course

Book Now!
Mar 28

IFRS Seminar (mandatory training)

Book Now!

There are no upcoming events at this time.

There are no upcoming events at this time.

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

TOP