ICPAK

PFM and IPSAS Accrual Seminar–Central Rift Branch
2026-03-05 09:00 - 2026-03-06 15:30 (Europe/Moscow) | Nyahururu, Panari Hotel
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
PFM and IPSAS Accrual Seminar – Central Rift Branch
Date: 5th – 6th March 2026
Time: 09.00am-03.30pm
Venue: Nyahururu-Panari Hotel
Overview
Public 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.
The 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.
In 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.
The 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.
The following topics will be covered:

Principles of Public Finance Management (PFM) in Kenya

Overview of the legal, institutional, and governance framework underpinning public finance management.

Budget Preparation, Execution, and Financial Planning in Kenya’s National and County Governments

Budget cycle and preparation processes at national and county governments
Budget–procurement linkage and cash flow management
Zero-based and performance-based budgeting in Kenya
Use of performance indicators to enhance efficiency and accountability

Public Procurement and Payment for Goods and Services

Pending Bills
Provisions relating to County Governments
Effects of non- compliance with requirements

Foundations of IPSAS Accrual Accounting

Introduction to IPSAS Accrual.
Accrual vs. Cash-Based IPSAS Standards
Objectives, scope, and benefits of transitioning from cash to accrual basis IPSAS

IPSAS 33: First-Time Adoption of IPSAS Accrual Basis
IPSAS 24 presentation of budget information in financial statements

Required disclosures
Comparison of budget and actual amounts
Material differences

IPSAS 39: Employee Benefits

Differences between IPSAS 39 & IPSAS 25
Recognition and Measurement of Employee Benefits obligation
Valuation of Benefits at Fair Value
Termination Benefits
Employee Benefit Liabilities and their impact on Public Sector Finances

Disclosure, Transparency, and Accountability under IPSAS Accrual

Target Audience:
This workshop will be useful to all professional Accountants and those aspiring to join the profession.
Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the workshop.
Financial Commitment:
The workshop charges are Kes. 10,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: 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.
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)
Further 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
We encourage members to regularly visit our website https://www.icpak.com for updates.
