BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//ICPAK - ECPv6.5.0//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
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:20260318T090000
DTEND;TZID=Europe/Moscow:20260324T153000
DTSTAMP:20260525T105916
CREATED:20260113T083358Z
LAST-MODIFIED:20260323T065543Z
UID:10003378-1773824400-1774366200@www.icpak.com
SUMMARY:IPSAS Accrual Accounting - Nyanza Branch
DESCRIPTION:THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountant Act\, Laws of Kenya) \nIPSAS Accrual Accounting – Nyanza Branch\nTheme: Strengthening Public Financial Transparency Through IPSAS Accrual Accounting\nDate: 18th – 19th March 2026\nTime: 09.00am -3.30pm\nVenue: Nyamira-Guardian Hotel \nOverview \nPublic sector financial management is increasingly moving toward transparency\, accountability\, and improved decision-making. The adoption of International Public Sector Accounting Standards (IPSAS) on an accrual basis is a critical reform that enhances the quality\, comparability\, and credibility of public sector financial reporting. \nWhile many public sector entities are transitioning from cash-based to accrual-based accounting\, challenges remain in understanding IPSAS requirements\, applying accrual concepts\, and translating standards into day-to-day accounting practices. \nThe Kenyan cabinet in March 2024 approved the transition from cash basis of accounting to accrual basis of accounting with effect from 1st July 2024. The accrual basis of accounting\, as outlined by IPSAS\, provides a more accurate picture of a government’s financial position and performance by recognizing transactions when they occur\, rather than when cash is received or paid. \nThis move is necessitated by the short-coming of cash basis of accounting with its attendant weaknesses arising from the point of view o financial transparency\, integrity and accountability.  Governments that follow cash basis of accounting tend not to maintain comprehensive and up-to date records of the value of their assets and liabilities. \nWhile many organizations have adopted IPSAS in principle\, practical challenges remain in compiling\, analyzing\, and reporting accrual-based financial statements. \nThese organizations\, often require hands on training to ensure they can correctly apply IPSAS requirements\, prepare compliant financial statements\, and understand the implications of accrual adjustments and disclosures. This workshop is designed to strengthen technical capacity and practical understanding of IPSAS Accrual Accounting\, with a focus on real-world application. \nThe following topics will be covered: \nFoundations of IPSAS Accrual Accounting \n\nOverview of IPSAS and the IPSASB framework\nCash vs. Accrual Accounting: Key differences and benefits\nConceptual Framework for General Purpose Financial Reporting\nRecognition and measurement principles\nAccounting for assets (property\, plant and equipment\, intangibles)\nGroup discussions and practical examples\n\nApplication and Financial Reporting \n\nCommon challenges\, best practices\, and implementation strategies\nAccounting for liabilities\, provisions\, and contingent liabilities\nRevenue and expense recognition under accrual IPSAS\nPresentation of financial statements under IPSAS Accrual\nDisclosures and notes to financial statements\nCommon implementation challenges and mitigation strategies\nCase studies and practical exercises\nWay forward and institutional action planning\n\nTarget Audience: \nThis workshop will be useful to professional Accountants and those aspiring to join the profession but more specifically: \n\nPublic sector accountants and finance officers\nInternal and external auditors\nBudget and planning officers\nTreasury and financial management staff\nSenior managers involved in financial reporting and oversight\n\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 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 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\,+254715897475\,  or via email to Martin Oriaro Imali   at martin.oriaro@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-nyanza-branch/
LOCATION:Nyamira-Guardian Hotel
END:VEVENT
END:VCALENDAR