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DTSTART:20260101T000000
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DTSTART;TZID=Europe/Moscow:20260903T090000
DTEND;TZID=Europe/Moscow:20260904T153000
DTSTAMP:20260625T215427
CREATED:20260107T181512Z
LAST-MODIFIED:20260625T114435Z
UID:10003338-1788426000-1788535800@www.icpak.com
SUMMARY:Transition to IPSAS Accrual course
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nTransition to IPSAS Accrual course\nTheme: Transition to IPSAS Accrual: Practical Guidance for Successful Implementation\nDate: 3rd -4th September 2026\nTime: 9:00am – 4:00pm\nVenue: CPA Centre \nOverview \nAcross the globe\, governments are increasingly transitioning from cash-based and modified cash accounting frameworks to accrual-based financial reporting aligned with International Public Sector Accounting Standards (IPSAS). This shift is widely recognized as a cornerstone of modern public financial management (PFM) reform\, enabling governments to produce more transparent\, comprehensive\, and decision-useful financial information. \nIn Kenya and many other jurisdictions\, the transition to IPSAS Accrual represents a major transformation in the way public sector entities recognize\, measure\, and report financial transactions. Under the accrual framework\, entities must record not only cash movements but also assets\, liabilities\, revenues\, expenses\, and commitments\, thereby providing a more complete picture of financial performance and financial position. \nHowever\, transitioning to IPSAS Accrual is a complex institutional reform that goes far beyond technical accounting changes. It requires significant adjustments in policies\, systems\, processes\, data management\, asset registers\, staff capacity\, and governance frameworks. Public sector entities must undertake detailed preparatory work\, including identifying assets and liabilities\, developing opening balances\, aligning financial management systems such as IFMIS\, and strengthening internal controls and documentation practices. \nInternational experience demonstrates that entities often encounter significant challenges during the transition phase. These may include: \n\nDifficulties in compiling reliable opening balances\nLimited asset registers and incomplete asset verification\nLack of historical valuation data\nWeak integration between accounting policies and operational processes\nLimited familiarity with key IPSAS standards such as PPE\, revenue from non-exchange transactions\, provisions\, leases\, and financial instruments\nSystem limitations in capturing accrual-based transactions\nCapacity gaps among preparers and financial managers\n\nWithout adequate preparation\, these challenges can result in delays\, inconsistencies\, and significant audit issues during the first accrual reporting cycle. \nThis workshop is therefore designed as a practical capacity-building program to support entities preparing for the transition to IPSAS Accrual. Rather than focusing solely on theoretical aspects of IPSAS\, the training emphasizes practical implementation strategies\, transition planning\, opening balance preparation\, and system readiness. \nParticipants will gain a clear understanding of: \n\nThe IPSAS Accrual transition roadmap\nKey technical standards affecting transition\nPractical steps for preparing opening balances\nAsset identification and valuation processes\nSystem and data requirements for accrual reporting\nInstitutional arrangements needed to support successful implementation\n\nBy the end of the training\, participants will be better equipped to plan\, manage\, and execute the transition to IPSAS Accrual\, thereby strengthening the credibility\, transparency\, and usefulness of public sector financial reporting. \nTopics to be Covered \n\n\n\nDAY\nMODULE\nTOPICS\nKEY AREAS TO BE COVERED\n\n\nDay 1\nIntroduction to IPSAS Accrual and the Transition Framework\nUnderstanding the shift from cash-based to accrual-based public sector accounting\n·         Global trends in public sector financial reporting reforms \n·         Rationale for adopting IPSAS Accrual \n·          Key differences between cash\, modified cash\, and accrual accounting \n·         Benefits of accrual accounting for transparency and accountability\n\n\n  \n  \n \nPlanning and Managing the IPSAS Transition\nDeveloping a structured roadmap for successful implementation\n·         Developing an IPSAS transition strategy \n·          Institutional governance and leadership roles \n·          Roles of finance teams\, management\, auditors\, and oversight bodies \n·          Change management and stakeholder coordination \n·          Risk management during transition\n\n\n\nPreparation of Opening Balances\nEstablishing reliable opening balances under IPSAS Accrual\n·          Importance of opening balances in IPSAS transition \n·         Identification and recognition of assets and liabilities \n·         Use of transitional provisions and exemptions \n·          Documentation and supporting evidence for audit purposes \n·          Common challenges in opening balance preparation\n\n\nDay 2\nAsset Recognition and Measurement under IPSAS\nAccounting for public sector assets during transition\n·         Property\, Plant and Equipment (IPSAS 45) \n·          Intangible Assets (IPSAS 31) \n·          Heritage and infrastructure assets \n·          Asset verification and asset register development \n·          Valuation challenges and practical approaches\n\n\n\nRevenue\, Liabilities and Key Accounting Areas\nRecognition and measurement of major transactions under accrual accounting\n·         Revenue from non-exchange transactions (IPSAS 47) \n·          Grants\, transfers\, and donor-funded projects \n·          Provisions and contingent liabilities (IPSAS 19) \n·         Recognition of receivables and payables \n·         Commitments and obligations\n\n\n\nSystems Readiness and Preparing IPSAS Accrual Financial Statements\nStrengthening systems and preparing the first accrual financial statements\n·         Aligning financial management systems (IFMIS) to IPSAS Accrual \n·         Chart of Accounts and data requirements \n·          Structure of IPSAS financial statements \n·          Disclosure requirements and supporting schedules \n·         Common transition pitfalls and practical solutions\n\n\n\n Target Audience \n The course to all professionals in all spheres. \n Continuous Professional Development Units (CPD UNITS): \nMembers of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the course. \nFinancial Commitment \nThe webinar charges are Kshs. 18\,500. Charges will cater for online video access fees\, learning materials\, and e-certificates of attendance. \nOnline Booking \nRegistration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking \nWe call on interested participants to note that booking for the event is available online at www.icpak.com  and will close two hours before the training session. \nNational Industrial Training Authority (NITA) Reimbursement \nThe 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) \nFurther requests can be channeled to us via telephone calls on +254 719 074 000\,  or via email to marketing@icpak.com
URL:https://www.icpak.com/event/transition-to-ipsas-accrual-course-2/
LOCATION:ICPAK Auditorium\, CPA Centre\, Nairobi
CATEGORIES:Local Seminars
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