THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Webinar IFRS 16- Leases:
COVID-19 implications and end of year closure considerations
Date: 11th December 2020
Time: 16:00 to 18:00 hours
CPD Units: 1
IFRS 16 Leases is a standard which came into effect on 1st January 2019, replacing IAS 17 Leases. Among the changes introduced by the new standard is the Right-of-Use Asset recognition and the criteria for assessing if a contract contains a lease or lease element.
Due to recent developments, all sectors of the economy have had to grapple with the challenges brought about by the COVID-19 pandemic regarding the appropriate accounting treatment of leases, impact on financial reporting and resultant disclosures requirements on the same.
To help address the questions around the end of year closure considerations in view of the impact of the pandemic and other emerging developments related to IFRS 16, the Institute has organized a Webinar to address this critical topic as the reporting cycle draws closer to the end.
To guide the discussion during the Webinar, the following areas will form the focus of this very important virtual event.
- Impact of COVID-19 on IFRS 16 Leases
- Accounting for lease modifications
- Disclosure considerations
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 1 CPD Unit upon successfully attending the Webinar.
Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia.
Charges for the training will be Kes1,000/= which will cover Webinar fees, and an e-certificate of attendance.
How to participate
Please make your booking online. Thereafter, a proforma invoice will be sent to your email with payment details and instructions. Upon clearing the payment, a link will be sent to your email for joining the webinar.
We call on Webinar participants to note that booking 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.
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)