Reporting on IPSAS Accrual-Practical Course

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

Reporting on IPSAS Accrual Practical Course
Date: 29th – 30th January 2026
Time: 9.00-15.30
Venue: ICPAK Auditorium
Theme: Transitioning from Cash to Accrual Reporting under IPSAS

Overview

Public sector entities globally are increasingly transitioning from cash-basis accounting to International Public Sector Accounting Standards (IPSAS) Accrual basis to improve transparency, accountability, and comparability of financial information. For instance 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.

The enabling factors of accrual accounting in the public sector include and is not limited to: growing recognition of the limits of pure cash basis of accounting; the development of accrual based international standards for government fiscal and financial reporting including government Finance statistics manual (GFSM) and International Public Sector Accounting Standards (IPSAS); the professionalization of the government accounting cadre and resulting introduction of private sector techniques into the public sector and the advent of computerized financial management information system (FMISs) which greatly reduce the transaction costs of collecting and consolidating accrual-based information. 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 two day practical course is designed to address these gaps by equipping participants with the knowledge and tools needed for accurate IPSAS-compliant reporting.

The following topics will be covered:

Foundations and Practical Application of IPSAS Accrual

• Overview of IPSAS and the conceptual framework
• Key differences between cash basis and accrual basis reporting
• Recognition and measurement principles
• Practical sessions on:

1. Property, plant, and equipment (IPSAS 17)
2. Intangible assets (IPSAS 31)

• Revenue from exchange and non-exchange transactions (IPSAS 9 & 23)

1. Employee benefits (IPSAS 39)

Preparing IPSAS Compliant Financial Statements

• Accrual adjustments and closing processes
• Preparing primary financial statements:

1. Statement of Financial Performance
2. Statement of Financial Position

• Cash Flow Statement (IPSAS 2)

1. Statement of Changes in Net Assets/Equity
2. Notes and disclosures requirements
3. Consolidated financial statements (IPSAS 35–38)

• Practical exercise: Full preparation of an IPSAS-compliant set of financial statements.
• Common challenges, best practices, and implementation strategies

TARGET AUDIENCE:

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

1. Public sector accountants and finance officers.
2. Government auditors.

• Public finance management professionals.

1. Internal auditors and financial controllers.
2. Managers and decision-makers in public institutions who are responsible for financial oversight.

YOUR FINANCIAL COMMITMENT

Charges for the training will be Kes 18,500/= which will cover workshop fees, materials, and e-certificates of attendance.

CPD UNITS

Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the sessions.

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.

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 updates.