IPSAS Accrual Accounting – Nyanza Branch

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

IPSAS Accrual Accounting – Nyanza Branch
Theme: Strengthening Public Financial Transparency Through IPSAS Accrual Accounting
Date: 19th – 20th March 2026
Time: 09.00am -3.30pm
Venue: Nyamira-Guardian Hotel

Overview

Public sector financial management is increasingly moving toward transparency, accountability, and improved decision-making. The adoption of International Public Sector Accounting Standards (IPSAS) on an accrual basis is a critical reform that enhances the quality, comparability, and credibility of public sector financial reporting.

While many public sector entities are transitioning from cash-based to accrual-based accounting, challenges remain in understanding IPSAS requirements, applying accrual concepts, and translating standards into day-to-day accounting practices.

The Kenyan cabinet in March 2024 approved the transition from cash basis of accounting to accrual basis of accounting with effect from 1^st July 2024. The accrual basis of accounting, as outlined by IPSAS, provides a more accurate picture of a government’s financial position and performance by recognizing transactions when they occur, rather than when cash is received or paid.

This move is necessitated by the short-coming of cash basis of accounting with its attendant weaknesses arising from the point of view o financial transparency, integrity and accountability.  Governments that follow cash basis of accounting tend not to maintain comprehensive and up-to date records of the value of their assets and liabilities.

While many organizations have adopted IPSAS in principle, practical challenges remain in compiling, analyzing, and reporting accrual-based financial statements.

These organizations, often require hands on training to ensure they can correctly apply IPSAS requirements, prepare compliant financial statements, and understand the implications of accrual adjustments and disclosures. This workshop is designed to strengthen technical capacity and practical understanding of IPSAS Accrual Accounting, with a focus on real-world application.

The following topics will be covered:

Foundations of IPSAS Accrual Accounting

• Overview of IPSAS and the IPSASB framework
• Cash vs. Accrual Accounting: Key differences and benefits
• Conceptual Framework for General Purpose Financial Reporting
• Recognition and measurement principles
• Accounting for assets (property, plant and equipment, intangibles)
• Group discussions and practical examples

Application and Financial Reporting

• Common challenges, best practices, and implementation strategies
• Accounting for liabilities, provisions, and contingent liabilities
• Revenue and expense recognition under accrual IPSAS
• Presentation of financial statements under IPSAS Accrual
• Disclosures and notes to financial statements
• Common implementation challenges and mitigation strategies
• Case studies and practical exercises
• Way forward and institutional action planning

Target Audience:

This workshop will be useful to professional Accountants and those aspiring to join the profession but more specifically:

• Public sector accountants and finance officers
• Internal and external auditors
• Budget and planning officers
• Treasury and financial management staff
• Senior managers involved in financial reporting and oversight

Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the seminar.

Financial Commitment:
The workshop charges are Kes. 10,000. Charges will cater for the seminar  fees, learning materials, and e-certificates of attendance.

Online Booking:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory  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,+254715897475,  or via email to Martin Oriaro Imali   at martin.oriaro@icpak.com with a copy to memberservices@icpak.com

We encourage members to regularly visit our website https://www.icpak.com for updates.