THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Virtual IFRS Seminar
Theme: Financial reporting considerations for economic recovery
(This is one of the mandatory trainings for practicing certificate consideration)
Date: 6th – 7th April 2022
The rapid developments in the standard setting environment have created many challenges to preparers and users of financial statements. The Covid-19 pandemic has equally created more complexity due to the uncertainties created across businesses. This has resulted to various entities in business looking for new ways of conducting business because of the disruptions and the unprecedented approach towards business operations. This has equally impacted the way transactions are recorded and reported in the annual reports and financial statements.
Despite all these realignments, the need for high-quality and reliable financial reports cannot be over-emphasized. ICPAK aims to improve the quality of general-purpose financial reporting by organization 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 IFRS seminar has been carefully tailored to meet the financial reporting requirements in view of the recent and current developments in corporate reporting under the IFRS framework. The virtual seminar will give the participants an opportunity to learn some of the latest developments in financial reporting and get details on the existing reporting standards.
Additionally, the course will explore the impact of COVID-19 on financial reporting and treatment of various accounting and financial transactions.
The seminar sessions will also capture a review of the disclosure requirements for the various standards, which our specialist facilitators will provide guidance on the necessary requirements.
The seminar will focus on the following areas:
- IAS 1 – Preparation and presentation of financial statements
- IFRS 13 – Fair Value Measurement
- IAS 8 – Accounting policies, changes in accounting estimates and Errors
- IAS 10 – Events after Reporting Period
- IFRS 3 – Business combinations
- IFRS 10 – Consolidated financial statements
Practical illustrations and interactive discussions will be used during the presentations.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the sessions.
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
Charges for the training will be Kes 10,000/= 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)
We encourage members to regularly visit our website www.icpak.com for updates