BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//ICPAK - ECPv6.5.0//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:ICPAK
X-ORIGINAL-URL:https://www.icpak.com
X-WR-CALDESC:Events for ICPAK
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Moscow
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0300
TZNAME:MSK
DTSTART:20260101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260305T090000
DTEND;TZID=Europe/Moscow:20260306T153000
DTSTAMP:20260521T190700
CREATED:20260112T062859Z
LAST-MODIFIED:20260306T073841Z
UID:10003375-1772701200-1772811000@www.icpak.com
SUMMARY:PFM and IPSAS Accrual Seminar–Central Rift Branch
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nPFM and IPSAS Accrual Seminar – Central Rift Branch\nDate: 5th – 6th March 2026\nTime: 09.00am-03.30pm\nVenue: Nyahururu-Panari Hotel \nOverview \nPublic Financial Management (PFM) is fundamental to transparency\, accountability\, and the efficient use of public resources. It encompasses key processes such as budgeting\, planning\, and resource allocation\, which form the foundation of sound financial governance in the public sector. A strong PFM framework supports informed decision-making\, enhances public trust\, and aligns financial management with national development priorities. \nThe global shift from cash-based to accrual-based accounting\, guided by International Public Sector Accounting Standards (IPSAS)\, has significantly improved the quality and credibility of public sector financial reporting. Accrual accounting provides a comprehensive view of an entity’s financial position by recognizing assets\, liabilities\, revenues\, and expenses when they occur. Understanding the concepts\, objectives\, and practical implications of IPSAS accrual is essential for strengthening accountability and long-term financial planning. \nIn an accrual environment\, budgeting\, financial planning\, and internal controls assume greater importance. The integration of accrual information into budgeting and performance monitoring enhances resource management\, while effective internal controls and audit considerations support compliance and risk management. Experience and best practices from entities that have implemented IPSAS accrual provide valuable insights into addressing common implementation challenges. \nThe application of IPSAS accrual standards is supported by appropriate tools\, systems\, policies\, and continuous capacity building. Robust accounting systems\, clear policy frameworks\, and technical guidance enable consistent and sustainable adoption of accrual accounting\, contributing to improved financial governance\, transparency\, and professionalism in the public sector. \nThe following topics will be covered: \n\nPrinciples of Public Finance Management (PFM) in Kenya\n\n\nOverview of the legal\, institutional\, and governance framework underpinning public finance management.\n\n\nBudget Preparation\, Execution\, and Financial Planning in Kenya’s National and County Governments\n\n\nBudget cycle and preparation processes at national and county governments\nBudget–procurement linkage and cash flow management\nZero-based and performance-based budgeting in Kenya\nUse of performance indicators to enhance efficiency and accountability\n\n\nPublic Procurement and Payment for Goods and Services\n\n\nPending Bills\nProvisions relating to County Governments\nEffects of non- compliance with requirements\n\n\nFoundations of IPSAS Accrual Accounting \n\n\nIntroduction to IPSAS Accrual. \nAccrual vs. Cash-Based IPSAS Standards \nObjectives\, scope\, and benefits of transitioning from cash to accrual basis IPSAS \n\n\nIPSAS 33: First-Time Adoption of IPSAS Accrual Basis \nIPSAS 24 presentation of budget information in financial statements \n\n\nRequired disclosures \nComparison of budget and actual amounts \nMaterial differences\n\n\nIPSAS 39: Employee Benefits\n\n\nDifferences between IPSAS 39 & IPSAS 25\nRecognition and Measurement of Employee Benefits obligation\nValuation of Benefits at Fair Value\nTermination Benefits\nEmployee Benefit Liabilities and their impact on Public Sector Finances\n\n\nDisclosure\, Transparency\, and Accountability under IPSAS Accrual\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 Kes. 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 0723 920829\,  or via email to Henry Ngetich   at henry.ngetich@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/pfm-and-ipsas-accrual-seminar-central-rift-branch/
LOCATION:Nyahururu\, Panari Hotel
CATEGORIES:Branch Seminars
END:VEVENT
END:VCALENDAR