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DTSTART:20260101T000000
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DTSTART;TZID=Europe/Moscow:20260716T090000
DTEND;TZID=Europe/Moscow:20260717T153000
DTSTAMP:20260710T195026
CREATED:20260114T134103Z
LAST-MODIFIED:20260708T075920Z
UID:10003390-1784192400-1784302200@www.icpak.com
SUMMARY:Financial Reporting Seminar - Western Branch
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nFinancial Reporting Seminar – Western Branch\nTheme:\nDate: 16th – 17th July 2026\nTime: 9.00 AM-15.30PM\nVenue: Amanda Hotel- Kakamega \nOverview \nThe global financial reporting environment continues to evolve rapidly\, driven by increased regulatory scrutiny\, technological transformation\, sustainability imperatives\, and growing stakeholder demand for transparent\, comparable\, and decision-useful financial information. In this environment\, the International Financial Reporting Standards (IFRS) remain central to promoting high-quality financial reporting\, enhancing consistency across jurisdictions\, and maintaining public confidence in the accounting and finance profession. Organizations are increasingly expected to provide financial reports that accurately reflect business performance while addressing broader risks and opportunities that influence long-term value creation. \nAccounting and finance professionals are therefore required to stay informed about new standards\, amendments\, interpretations\, and emerging implementation challenges. As transactions and reporting expectations become more complex\, professionals must apply sound technical expertise and professional judgment to ensure compliance\, accuracy\, and consistency in financial reporting. This Financial Reporting Seminar has been designed to strengthen participants’ understanding of current IFRS requirements and enhance their ability to apply the standards effectively in practical and increasingly complex reporting environments. \nRecent IFRS developments relating to financial instruments\, revenue recognition\, leases\, sustainability-related disclosures\, and the presentation of financial statements continue to have significant implications for recognition\, measurement\, presentation\, and disclosure. In particular\, the introduction of IFRS S1 and IFRS S2 represents a major shift toward integrating sustainability and climate-related information with traditional financial reporting. These standards require organizations to strengthen governance\, reporting processes\, and internal controls in order to meet evolving stakeholders and regulatory expectations. \nThe seminar will provide practical insights into navigating these developments and addressing common challenges in areas such as fair value measurement\, impairment assessments\, financial risk disclosures\, and sustainability reporting. Through practical illustrations\, case studies\, and interactive discussions\, participants will gain a deeper understanding of real-world application issues\, common reporting pitfalls\, and areas requiring significant professional judgment across different industries. \nBy bringing together technical experts\, practitioners\, preparers\, auditors\, and finance professionals in an interactive physical setting\, the seminar offers a valuable platform for strengthening technical competence\, sharing implementation experiences\, and discussing emerging trends in financial reporting. Ultimately\, the seminar reinforces the profession’s commitment to high-quality financial reporting\, transparency\, accountability\, and compliance with global best practices. \nKey Areas to be Covered  \n\n IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information\n\n\nPurpose and objectives of IFRS S1\nRelationship with other sustainability frameworks (GRI\, TCFD)\nCore disclosure pillars: Governance\, Strategy\, Risk Management\, Metrics and Targets\n\n\n IFRS S2 – Climate-related Disclosures\n\n\nPurpose and scope of IFRS S2\nBoard oversight and governance of climate-related matters\nManagement’s role in identifying and managing climate risks and opportunities\nImpact of climate risks on business models\, strategy\, and financial planning\nGreenhouse Gas (GHG) emissions: metrics and targets\n\n\n GHG Emissions and Climate-related Financial Risk\n\n\nIntroduction to GHG emissions\nOverview of the GHG Protocol (Scope 1\, Scope 2\, and Scope 3 emissions)\nManaging climate risks and reducing emissions\nLink between climate-related risks and financial reporting\nDeveloping and implementing a transition plan\n\n\n The Sustainability Reporting Cycle\n\n\nAllocation of responsibility for sustainability reporting\nEstablishing the sustainability reporting landscape\nIdentification of material sustainability-related information\nDetermination of data requirements\nData collection\, validation\, and reporting\nImplementation and continuous improvement of sustainability reporting\n\n\n Financial Instruments: IFRS 9 and IFRS 7\n\nIFRS 9 – Financial Instruments \n\nClassification and measurement of financial assets and liabilities\nExpected Credit Loss (ECL) model and impairment considerations\nHedge accounting\nDerecognition\n\nIFRS 7 – Financial Instruments Disclosures \n\nCategories of financial instruments\nDisclosure of financial risks (credit\, liquidity\, and market risk)\nStatement of financial position disclosures\nImpairment and liquidity risk disclosures\n\n\n Other Key IFRS Developments Affecting Financial Reporting\n\nIFRS 16 – Leases \n\nLease identification and term determination\nRecognition and measurement of right-of-use assets and lease liabilities\nLease modifications\nPresentation and disclosure requirements\n\nIFRS 15 – Revenue from Contracts with Customers \n\nScope and recognition principles\nMeasurement of revenue\nContract costs\nPresentation and disclosure\n\nIFRS 18 – Presentation and Disclosure of Financial Statements \n\nRevised income statement structure\nManagement-defined performance measures\nAggregation and disaggregation principles\nOther key changes affecting financial statements\nInterim financial reporting\nEffective date and transition considerations\n\nTarget Audience: \nThis workshop will be useful to all professional Accountants and those aspiring to join the profession. \nContinuous Professional Development Units (CPD UNITS):\nMembers of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the workshop. \nFinancial Commitment:\nThe workshop charges are Kshs. 10\,000. Charges will cater for the workshop fees\, learning materials\, and e-certificates of attendance. \nOnline Booking:\nRegistration: 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. \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 0729170478\,  or via email to Linet Andeyo  at linet.andeyo@icpak.com with a copy to marketing@icpak.com. \nWe encourage members to regularly visit our website https://www.icpak.com for updates.
URL:https://www.icpak.com/event/financial-reporting-seminar-western-branch/
LOCATION:Amanda Hotel\, Kakamega\, Kenya
CATEGORIES:Branch Seminars
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