THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
THE FINANCIAL MANAGEMENT CONFERENCE FOR HIGHER EDUCATION
Theme: Staying Afloat Despite the Turbulence
Venue: Flamingo Beach Resort & Spa, Mombasa
Date: 20th –22nd June 2018
Time: 9am to 4pm
1.0 Preview
The last three decades have seen a substantial growth in the higher education sector. Regional and demographic factors have contributed to the high numbers of applications as well as enrollment in vocational, undergraduate and postgraduate levels. As a natural response, more higher education institutions and degree awarding bodies, both state and privately owned, have been founded in order to absorb the bulging numbers.
Funding and managing finances is one of the key challenges facing this sector world over. Due to the recent financial crisis and economic slump, the problem has escalated in most of these institutions particularly in achieving the enrollment numbers, accessing funding opportunities as well as finding financing options. This can be blamed partially due to the following reasons; insufficient public support, unsustainable support from the private sector, centralization of the sector’s financial management practices including budgeting, and the ambiguity of strategic financing plans.
To address the emerging financial management and reporting issues affecting this sector, ICPAK has organized this three-day workshop to explore common practices undertaken by higher education institutions in order to survive and secure finances for their operational activities. Delegates will be exposed to diverse financial subsides presented by the government to boost this sector. This conference will also provide delegates with expert knowledge on the practical challenges affecting the sector and offer guidance on compliance with both the regulatory and reporting requirements.
Thematic areas of discussion include:
- Dealing with Increased Competition- Income Diversification options for the Higher Education Sector
- Effective Asset Management in the Public Sector
- New Era of Strategic Public Finance Management – The Future Direction of Higher Education Funding Competition
- Embedding a Business Mindset – Applying commercial thinking to the higher education sector
- Pivoting internal operations ahead of the curve: Shared Services Model
- Better Reporting –PFM, IPSAS & IFRS Standards Updates
- Multi-Annual Budgeting and Planning-An activity-based approach
- Taxation and Other Statutory Aspects in the Education Sector
- Research and Consultancy Commercialization
2.0 Target Audience
Higher education institutional regulators, board/council members, vice chancellors, principals, heads of department, deans of schools, members of the finance and accounts team, internal auditors, consultants and any persons seeking knowledge in higher education institutions’ financial reporting matters.
3.0 CPD Units
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successful attendance of all conference sessions.
4.0 Online Booking
We call on participants to note that booking for the Financial Management Conference for Higher Education Sector is available only online at www.icpak.com/events and will close on the 19th June 2018. Delegates are reminded to note that online booking for events is mandatory.
5.0 Financial Commitment
The seminar charges for the Financial Management Conference for Higher Education Sector are as follows:
| Category | Early Bird Registration
Booked & Paid for before 14th June 2018 KShs |
Normal Registration
Booking & Payments or LPOs / LSOs received after 14th June 2018 |
| Associate Members | 38,950 | 43,950 |
| Members | 59,950 | 64,950 |
| Spouses / Accompanying persons | 14, 950 | 19, 950 |
| Non-Members (Kenyans) | 69,950 | 74,950 |
| International Delegates | 650 USDs | 750 USDs |
These charges cover conference fees, writing material and meals during the conference. The conference package includes cocktail and gala dinner.
6.0 Networking Cocktail, Gala Dinner & Team Building
Conference participants will get an opportunity to network and share experiences both in the formal sessions as well as interact with their peers during the welcome cocktail scheduled for the evening of 20th June, a gala dinner on 21st June and on the afternoon of 22nd, participants will engage in outdoor team activities and conclude the event.
7.0 Spouses & Accompanying Persons
The organizers have developed a side event for spouses/ accompanying persons at a discounted fee. The fee above will only cover conference meals and attendance at the Cocktail and Gala Dinner package.
8.0 Travel and Accommodation Information (VERY IMPORTANT)
All delegates are advised to make their own preferred travel and accommodation arrangements in advance- this is at delegates own cost. Delegates from other nationalities are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs.
9.0 Special Needs
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on molly.mwangi@icpak.com
10.0 Dress Code
- The Conference Dress Code is Business Casual
- The Gala Dinner Dress Code is Cultural – Kenyan diversity
- Out Door Activity Dress Code is light sports wear
11.0 National Industrial Training Authority (NITA) Reimbursement for Kenyan Delegates
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Kenyan 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).
12.0 About Mombasa: The Events Venue
Mombasa is a beautiful Kenyan city mixed filled with exotic and scenic attractions, fantastic activities and tropical ambience. It is located in the South-Eastern Part of Kenya bordering the Indian Ocean and is a city of different faces. As Kenya’s second largest city, the city hosts a major seaport, international airport and a wide variety of tourist attractions, famous world class beach hotels, parks, leisure spots, neighbourhoods, Mamba Village crocodile park, Haller Park and Mombasa Marine Park. Modern Mombasa is a city of great diversity and life. Mombasa is a place where both history and progress are greatly valued, where a busy harbor existence is lived at its own unique, tropical pace.
13.0 Sponsorships, Partnership Opportunities & Additional Information
This conference presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorships, exhibitions, advertising and sub-event sponsorship within the major event
The conference intends to attract over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through raphael.nguli@icpak.com
Further requests can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or emma.opiyo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.
WELCOME
