THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Illustrative Financial Statements & Practice Notes
Date: 14th July 2021
Financial statements need to be prepared in compliance with IFRSs/IFRS for SMEs, ISAs and regulatory requirements. It is the role of the management and directors to ensure proper record keeping which will aid in the preparation of compliant financial statements which are then audited.
There are various sections and information within a full set of financial statement. The Institute has been issuing illustrative financial statements which are in compliance with the various in a bid to guide members as it highlights various requirements at the global and national level.
During this session we will go through the illustrative financials statements and highlight some of the key considerations when preparing the financials.
- Content page
- Company information
- Financial and statistical information
- Report of the directors
- Principal activities
- Investment shares
- Dividends and interest
- Directors who held office
- Independent auditor-state laws (sacco act,banking act, insurance act etc)
- Statement of directors’ responsibilities
- Director renumeration report
- Statement of profit or loss and other comprehensive income
- Statement of financial position as at…….
- Statement of changes in equity
- Statement of cash flows for the period then ended.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 1,000. 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.