Financial Reporting Seminar – Mandatory Training

In an increasingly complex business environment, high quality financial reporting is essential for transparency, accountability, and informed decision-making. Organizations are expected to demonstrate not only financial sustainability but also compliance with evolving accounting standards, regulatory requirements, and stakeholder expectations. However, many finance and accounting professionals face challenges in interpreting new standards, applying best practices, and preparing reports that meet both local and international expectations. IFRS is crucial for ensuring transparency and consistency in financial reporting, making this course essential for professionals seeking to enhance their financial reporting skills. IFRS’s application can become ever more complex and challenging if not kept up with.

Further, the IFRS landscape is constantly changing and professionals are required to keep up to date. This arises from their continuously evolving where new accounting standards are released, existing ones are replaced or amended and new interpretations are made. Keeping up to date with these can be cumbersome and become a burden for an organization.

It is therefore beneficial for professionals to attend the financial reporting seminar allowing them interpret those updates, focus on the core change and amendments. The seminar will offer latest IFRS developments/changes, practical application issues of existing standards and upcoming changes and provide in-depth analysis of the applicable standards.

This two-day Financial Reporting Seminar is designed to strengthen participants’ capacity in preparing, analyzing, and presenting financial information in line with global best practices such as International Financial Reporting Standards (IFRS). The seminar will offer practical, hands-on learning, enabling participants to enhance their technical skills and contribute to improved financial governance within their institutions. The following topics will be covered:

1. IFRS 18 & Transition from IAS 1: Presentation and Disclosure in Financial Statements
2. IFRS 13: Fair Value Measurement
3. IFRS 19: Subsidiaries without Public Accountability
4. IFRS 9- Financial Instruments
5. IFRS 15: Revenue recognition
6. IFRS 16: Lessee Accounting
7. IFRS S1 (General Requirements for Disclosure of Sustainability-Related
8. Financial Information) & IFRS S2 (Climate-Related Disclosures)
9. INPAS- International Non- Profit Accounting Standard

 TARGET AUDIENCE:

This course will be useful to professionals in financial reporting and specifically:

• Accountants and finance officers
• Internal and external auditors
• Financial managers and controllers
• Grant/project accountants
• Budget and planning officers
• Compliance and governance personnel
• Senior managers responsible for financial oversight

YOUR FINANCIAL COMMITMENT

Charges for the training will be Kes 10,000/= which will cover workshop fees, materials, and e-certificates of attendance.

CPD UNITS

Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully attending all sessions.

ONLINE BOOKING:

We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is mandatory.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.

 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.