THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Virtual IFRS Seminar
Theme: Lessons from financial reporting developments in periods of disruption
Date: 8th-9th December 2021
Time: 9.00am – 3.30pm
(This is one of the mandatory trainings for practicing license consideration)
The need for high-quality, accurate, and reliable financial reports continues to be of great relevance even during this time of the COVID-19 pandemic. ICPAK aims to improve the quality of general-purpose financial reporting by organizations across all sectors of the economy to ensure that there is better informed assessments of resource allocation and utilization decisions, thereby enhancing transparency and accountability.
The two-day training seminar has been carefully tailored to meet the financial reporting requirements in view of the recent and current developments under the COVID-19 pandemic environment, and the emerging developments in reporting under the full IFRSs, the IFRS for SMEs and related disclosures. This interactive financial reporting training will give the participants an opportunity to learn some of the latest development in financial reporting and get details on the new reporting standards under the different financial reporting frameworks.
Additionally, the course will explore the impact of COVID-19 on financial reporting and treatment of various accounting and financial transactions.
Active virtual participation by all participants through a combination of different approaches will be included. This will entail direct instruction, analysis and evaluation of practical case studies, examples, and exercises to illustrate application of the standards as well as current and future developments.
The sessions will also capture a review of status of implementation of the IFRS 9 financial instruments standard, which our specialist facilitators will provide guidance on some of the critical aspects of its application under an environment of concessions and banking industry reliefs.
The Virtual Financial Reporting Seminar will focus on the following areas:
i. IFRS 9 – Financial Instruments
ii. IFRS 16 – Leases
iii. IFRS for SMEs; a comparative analysis with Full IFRS
iv. IAS 37 – Provisions, Contingent Liabilities and Contingent Assets
v. IFRS 15 – Revenues from Contracts with Customers
vi. IFRS 7 and other financial reporting disclosure requirements under a pandemic environment
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, IFRS Experts, Transaction Advisors, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit, Professionals working in County Governments and private sectors, Academia, Financial Reporting Consultants
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
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 firstname.lastname@example.org.
We encourage members to regularly visit our website https://www.icpak.com for updates.