updates on ifrs & ipsas seminar
TRANSCRIPT
Updates on IFRS & IPSAS Seminar
Virtual
www.icparwanda.com
11–12 March, 202108:30 – 12:10pm
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AR put into phases to ensure that it is progressive and realistic. The conversion to IPSAS accrual accounting will be a cata-lyst for improved public financial management; increased transparency; accountability and operational excellence.
It is from this context that the Institute has organized a two-day workshop to deliberate key updates on IFRS/IPSAS, whilst providing an opportunity to discuss Rwanda’s Jour-ney to full IPSAS accrual implementation.
Relevance of the Training
The training will discuss and highlight key updates on the following standards:
IFRS 16 – Leases
IFRS 17 - Insurance Contracts
IAS 40 – Investment Property
IAS 1- Presentation of Financial Statements (Proposed changes)
IFRS 9 - Financial Instruments (Proposed changes)
Updates to various IPSAS standards
Introduction
The International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IP-SAS) are established to bring consistency to accounting standards and practices, regardless of the company or the country; and they are also designed to help businesses, in-vestors, countries and other users of financial statements, to make educated financial analyses and decisions. Interna-tional accounting standards instil accountability, integrity and transparency which in turn lay a foundation for corpo-rate governance and fosters public confidence.
Despite the importance of international accounting stan-dards, many countries including Rwanda are still having various challenges in their implementation. Covid-19 pan-demic has aggravated these challenges since it has affect-ed almost every existing accounting standard, and more than ever, collaboration, guidance and knowledge sharing are needed to tackle these challenges.
On the other hand, the Government of Rwanda embarked on the adoption and implementation of IPSAS accrual jour-ney, with a road map of 6 years from 2018 to 2024. The tran-sition from modified cash basis to full IPSAS accrual was
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attach a proof of payment or a purchase order. A webinar link to the workshop shall be shared thereafter.
To make your payment, please dial *182*8*1*009201# Yes and follow subsequent instructions for those who wish to pay via Mobile Money or directly pay through our bank account No: 00040-00335616-29 in Bank of Kigali.
Omnibus amendments to various other IFRS standards
The Seminar will discuss the impact of Covid-19 on financial reporting, and participants will be facilitated to learn how to deal with the changes and make appropriate disclosures.
Participants will be provided with an update on IPSAS and a snapshot on Rwanda’s journey to the adoption and implementation of full IPSAS accrual.
Where
The event shall be hosted virtually on the 11th – 12th March starting at 08:30–12:10pm. Please follow the link below to register at: https://bit.ly/3dMaRJm
Your investment
Participants shall pay Rwf 140,000 and Rwf 170,000 each for a member and non-member respectively (VAT in-clusive), and shall be expected to confirm their attendance
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Certificates
5 CPD hours certificates shall be shared to all participants.
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Draft program outline6.0Day One: 11 March, 2021
Time Topic Facilitator
08:00 – 08:30 AM Arrival and registration All
08:30 – 10:00 AM Key updates on IFRS standards – Part 1. CPA Stephen Sang, Partner, Ernst & Young (EY) Rwanda
10:00 – 10:10 AM Health Break All
10:10 – 11:40 AM Update on IPSAS and a snapshot of Rwanda’s journey to full IPSAS Accrual.
CPA Evode Munyaneza, Deputy Accountant General
Day Two: 12 March, 2021
Time Topic Facilitator
08:30 – 09:00 AM Arrival and registration All
09:00 – 10:30 AM The impact of Covid-19 on financial reporting
CPA Moses Nyabanda, Country Senior Partner, PwC Rwanda
10:30 – 10:40 AM Health Break All
10:40 – 12:10 PM Key updates on IFRS standards – Part 2. CPA Stephen Sang, Partner, Ernst & Young (EY) Rwanda
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May you require further information please contact us via ;
0788 997 749 / 0783 935 068
[email protected] [email protected]
FOR INFORMATION
www.icparwanda.com