To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Illustrative Financial Statements-Practical Course
Date: 23rd June 2026
Time: 04.00pm-06.00pm
Delivery Mode: Virtual
Overview
High-quality financial statements remain the cornerstone of transparent and reliable financial reporting. The ability of organizations to undertake ever-more complex transactions, combined with ongoing regulatory change, means finance and audit professionals need to possess technical knowledge of IFRS standards, coupled with the competence to translate such requirements into transparent, accurate and compliant financial statements. The illustrative financial statements are an essential reference point, assisting in understanding how IFRS principles are applied in practice and how disclosure presentation can be prepared to enhance clarity, comparability and decision-usefulness.
This hands-on course will take participants through an illustrative set of financial statements, step by step, while highlighting practical considerations during financial reporting cycles. The session will illustrate how key IFRS standards are interpreted and applied in the context of preparing a complete set of financial statements. Participants will review the application of these standards in analyzing transactions, measurement, recognition, and disclosure while maintaining compliance with requirements under IFRS.
The course will also introduce participants to best practices in drafting key components such as the statement of financial position, performance statements, cash flow statement and notes to the financial statements, including the development of well-structured accounting policies. It will further highlight common errors that preparers encounter, areas requiring significant judgment and how to enhance the overall quality and credibility of financial statements through effective presentation and disclosure techniques.
The webinar will highlight key aspects of Illustrative Financial Statements relating to the following:
• Introduction to Illustrative Financial Statements
-Purpose, Structure and components of a complete set of financial statements.
• Application of Key IFRS Standards in Practice.
– Revenue (IFRS 15), Leases (IFRS 16), Financial Instruments: Disclosures (IFRS 7),
• Drafting and Presentation Techniques
– Step-by-step Preparation of Statements and notes.
– Developing accounting policies and disclosure templates
• Quality Review and Best Practices
– Common errors, judgement areas and improving comparability and compliance.
• Disclosure Enhancements and Materiality Judgements
– Determining material information, improving clarity and aligning disclosures with user needs.
• Updates on Recent IFRS Amendments and Practical Implications
– New standards, amendments and their impact on presentation and note disclosures
Target Audience:
This webinar will be useful to all professional Accountants and those aspiring to join the profession.
Continuous Professional Development Units (CPDs):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successful completion of the workshop.
Financial Commitment:
The workshop charges are Kshs. 1,000. Charges will cater for the webinar fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: Delegates are reminded to note that online booking for the webinar is mandatory on Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training 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, +254 719 074 100, or via email to marketing@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for update.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
