THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IFRS Seminar (Mandatory Training) – Recording
Date: 7th to 8th December 2022
Venue: Virtual
Time: 09.00am-03.30pm
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
Financial statements which constitute the statements of financial position, income statements, cash flow statements, footnotes and tax returns are all key indicators of a business’s health and operational performance for any given period. These must be prepared accurately and in accordance with the existing financial reporting frameworks and guidelines.
The rapid developments in the standard setting environment have created many challenges to preparers and users of financial statements. The Covid-19 pandemic and other geo-political developments have 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 not only impacted the way transactions are recorded and reported in the annual reports and financial statements, but also new requirements for purpose of compliance with the financial reporting frameworks.
To provide the necessary updates and guidance in line with the expected compliance with the reporting standards, the scheduled 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.
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 – Presentation of financial statements
- IFRS 13 – Fair value measurement
- IFRS 15 – Revenue from contracts with customers
- IFRS 16 – Leases
- IAS 12 – Income Taxes
- IFRS 17 – Insurance contracts
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 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 10,000. 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
