IFRS Virtual Seminar (Mandatory Training)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

IFRS  Virtual Seminar (Mandatory Training)
Date: 26th – 27th March 2025
Time: 09.00am-03.30pm
Venue: Virtual
(This is one of the mandatory trainings for practicing certificate consideration)

Overview

The dynamic global business environment demands adherence to high-quality financial reporting standards to ensure transparency, accountability, and comparability. The International Financial Reporting Standards (IFRS) are the global benchmark for financial reporting, guiding organizations in preparing consistent and reliable financial statements.

To keep pace with evolving standards and address practical challenges in implementation, this two-day seminar will provide a comprehensive learning experience. This two-day IFRS Seminar is designed to equip finance and accounting professionals with a robust understanding of key IFRS standards, focusing on their technical requirements, practical applications, and strategic implications. Participants will delve into essential standards governing financial reporting, consolidation, sustainability disclosures, and climate-related disclosures.

Key areas to be covered include:

1. IAS 40: Investment Property

• Introduction to IAS 40
• Recognition and Initial Measurement
• Subsequent Measurement Options
• Transfers to and from Investment Property
• Disposal and Derecognition
• Disclosure Requirements

2. IFRS 7: Financial Instruments Disclosures

• Introduction to IFRS 7
• Categories of Financial Instruments
• Disclosure Requirements for Financial Risks
• Statement of Financial Position and P&L Disclosures
• Disclosure for Impairment of Financial Instruments
• Disclosure for Liquidity Risk
• Market Risk Disclosures

3. IFRS 10: Consolidated Financial Statements

• Introduction to IFRS 10
• Key Concepts of Control
• Consolidation Process
• Non-Controlling Interests (NCI)
• Changes in Ownership Interests
• Disclosures under IFRS 10

4. IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information

• Introduction to IFRS S1
• Core Principles of IFRS S1
• Governance and Risk Management Disclosures
• Assurance and Compliance

5. IFRS S2: Climate-Related Disclosures

• Introduction to IFRS S2
• Core Principles of IFRS S2
• Governance Disclosures
• Strategy Disclosures- Scenario analysis to test Resilience

6. Roadmap for Adoption of IFRS Sustainability Disclosure Standards

• Adoption of IFRS Sustainability Disclosure Standards
• Key Considerations for Effective Adoption
• General Requirements for Disclosing Sustainability Information
• Reliefs
• Assurance of sustainability-related information

TARGET AUDIENCE

This training will be useful to professional Accountants and professionals from the Financial Services Sector.

 Continuous Professional Development Units (CPD Units):

Members of ICPAK and reciprocating professional bodies will be 10 CPD Units upon successfully attending each session of the Seminar.

Cost:

Charges for the training will be Kes10,000/= which will cover workshop fees, materials, and e-certificates of attendance.

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.   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)