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TZID:Europe/Moscow
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DTSTART:20260101T000000
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DTSTART;TZID=Europe/Moscow:20260318T090000
DTEND;TZID=Europe/Moscow:20260324T153000
DTSTAMP:20260413T103013
CREATED:20260113T110635Z
LAST-MODIFIED:20260323T065530Z
UID:10003380-1773824400-1774366200@www.icpak.com
SUMMARY:IPSAS Accrual Accounting Workshop- North Rift Branch
DESCRIPTION:THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountant Act\, Laws of Kenya) \nIPSAS Accrual Accounting Workshop (North-Rift Branch)\nTheme: Advancing Public Financial Management through IPSAS Accrual Accounting\nDate: 18th – 19th March\nTime: 9.00AM – 4.00PM\nVenue: Ateker Hotel Limited\, Lodwar Turkana \nOverview \nPublic sector entities globally continue to transition from cash-basis accounting to the International Public Sector Accounting Standards (IPSAS) Accrual basis to enhance financial transparency\, accountability\, comparability\, and decision-usefulness of financial information. \nIn Kenya\, this reform agenda gained significant momentum following the Cabinet approval in March 2024 of the transition from cash-basis to accrual-basis accounting with effect from 1 July 2024. This transition marks a critical milestone in public financial management reforms and places increased responsibility on accounting officers\, finance teams\, auditors\, and oversight institutions to prepare and use accrual-based financial information. \nWhile cash-basis accounting focuses on cash flows\, it does not provide a comprehensive view of an entity’s financial position\, assets\, liabilities\, commitments\, and long-term obligations. Consequently\, governments operating under cash basis often lack complete and up-to-date records of assets and liabilities\, limiting fiscal transparency and informed decision-making. The adoption of IPSAS Accrual accounting addresses these limitations by recognizing transactions and events when they occur\, rather than when cash is received or paid\, thereby providing a more faithful representation of financial performance and position. \nTopical areas are as follows: \n\nProperty\, Plant and Equipment & Intangible Assets\n\n\nRecognition and measurement of PPE (IPSAS 17)\nDepreciation\, revaluation\, impairment\, and derecognition\nIntangible assets (IPSAS 31): identification and valuation\n\n\nRevenue Recognition in the Public Sector\n\n\nRevenue from exchange transactions (IPSAS 9)\nRevenue from non-exchange transactions (IPSAS 23)\nGrants\, transfers\, and conditional funding\n\n\nEmployee Benefits\n\n\nOverview of IPSAS 39\nShort-term\, post-employment\, and other long-term benefits\nRecognition and measurement challenges\n\n\nLeases – IPSAS 43\n\n\nRight-of-use (ROU) asset and lease liability\nDetermining the lease term\nRecognition criteria\nInitial measurement of; ROU asset & Lease liability\nSubsequent accounting; Depreciation of ROU assets & Interest and remeasurement of lease liabilities\n\n\nInventory – IPSAS 12\n\n\nScope\nRecognition and measurement of inventory\nInventory valuation\nInventory control and verification\nPresentation and disclosure requirements\n\n\nSustainability Reporting for the Public Sector\n\nTarget Audience \nThis workshop will be useful to all professional Accountants and those aspiring to join the profession\, Compliance and Risk Management Officers\, Internal and External Auditors. \n Continuous 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 seminar. \nFinancial Commitment:\nThe workshop charges are Kes. 10\,000. Charges will cater for the seminar  fees\, learning materials\, and e-certificates of attendance. \nOnline Booking:\nRegistration: Delegates are reminded to note that online booking for the seminar 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 0711 148569\,  or via email to Ann Chomba  at ann.chomba@icpak.com with a copy to memberservices@icpak.com. \nWe encourage members to regularly visit our website https://www.icpak.com for updates
URL:https://www.icpak.com/event/ipsas-accrual-accounting-workshop-north-rift-branch/
LOCATION:Ateker Hotel Limited\, Lodwar Turkana
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