Botswana Institute of Chartered Accountants
To support Botswana’s development through a dynamic and ethical accountancy profession.
To protect public interest through:
- Promoting the accountancy profession.
- Supporting professional accountants.
- Facilitating quality professional accountancy services through the monitoring & regulation of professional accountants.
- Developing Chartered Accountants.
In order to motivate the right behavior and culture that will support the implementation of the vision and mission statement above, the following Core Values were adopted:
- Integrity: Upholding ethical standards in all relationships.
- Excellence: Superior and outstanding quality of service and results.
- Independence: Independence of mind and appearance to promote objectivity and professional skepticism.
- Transparency: Clear and traceable business practices supported by authentic business structures.
- Accountability: To embrace measures that can ensure responsibility, ownership , and liability.
06 Jun - 05 Jun, 2017
IPSAS SEMINAR Date; 05-06 June 2017 Venue; Adansonia Hotel Time; 0830hours The age of accrual accounting is slowly dawning in Botswana following the government's decision to adopt Accrual Basis of Accounting. New accounting concepts and principals have to be learned by those currently working or intending to work for either the Central or Local government. To achieve this a sound understanding of the International Public Sector Accounting Standards (IPSAS) is quite critical. Although IPSASs were first released in May 2000 to enable governments prepare financial reports that are standardised and comparable few countries have adopted and complied with their provisions. This workshop aims to outline the key provisions of the major standards and their applicability in accrual accounting. Course Outline Day 1 Introduction to IPSAS Ø Origins and Objectives of IPSASB Ø Linkage of IPSAS to IFRS Ø The conceptual Framework Ø Overview of RPGs Financial reporting and disclosure Ø IPSAS 1 - Presentation of Financial Statements Ø IPSAS 2 - Cashflows Ø IPSAS 3 - Accounting Policies, Changes in Accounting Estimates and Errors Ø IPSAS 14 - Events after the reporting date Ø IPSAS 19 - Provisions, Contingent liabilities and Contingent assets Revenues and associated costs Ø IPSAS 9 - Revenue from Exchange Transactions Ø IPSAS 12 - Inventories Ø IPSAS 23 - Revenue from Non-Exchange Transactions (Taxes and Transfers) Non-current assets Ø IPSAS 16 - Investment Property Ø IPSAS 17 - Property, Plant and Equipment Ø IPSAS 21 - Impairment of Non-Cash-Generating Assets Ø IPSAS 26 - Impairment of Cash-Generating Assets Ø IPSAS 31 - Intangible Assets Day 2 Financing and financial instruments Ø IPSAS 4 - The Effects of Changes in Foreign Exchange Rates Ø IPSAS 5 - Borrowing Costs Ø IPSAS 13 - Leases Ø IPSAS 28 - Financial Instruments: Presentation Ø IPSAS 29 - Financial Instruments: Recognition and Measurement Ø IPSAS 30 - Financial Instruments: Disclosures Disclosure standards and other topics Ø IPSAS 20 - Related Party Disclosures Ø IPSAS 22 - Disclosure of Financial Information about the General Government Sector Ø IPSAS 24 - Presentation of Budget Information in Financial Statements Ø IPSAS 25 - Employee Benefits Consolidation of financial statements Ø IPSAS 34 Separate Financial Statements Ø IPSAS 35 Consolidated Financial Statements Ø IPSAS 36 Investments in Associates and Joint Ventures Ø IPSAS 37 Joint Arrangements Ø IPSAS 38 Disclosures of Interests in Other Entities Meet the facilitator George M Kiilu is a Fellow Chartered Accountant with over 30years in the field of accounting having served in varied positions in Kenya and Botswana. His passion for knowledge transfer has seen him make presentations in various seminars/workshops and also lectured in accounting courses across all major colleges in Botswana. Cover fees; FEES: P2900 (BICA Members) & P3180 (Non BICA Members) inclusive of VAT 10% discount to payments on or before the 29th of May 2017 To find out more and book your place contact; Orebeile Seboka or Priscilla Setimela or Tshegofatso Nkepu. Tel. +267 3972992 / Fax +267 3972982 or email: email@example.com, firstname.lastname@example.org Thato Thipe or Veronica Mogapi Tel. +267 2418280 / Fax. +267 2418263 or email email@example.com; VMogapi@bica.org.bw Physical Address: Plot 32753/4, 2nd Floor, FNBB Building, Blue Jacket Street, Francistown Botswana. Please note that payment should be made before the day of the seminar. Cancellations should be made within 2 working days prior to seminar day otherwise non-cancellation is subject to full payment. If payment is made electronically, please forward proof of payment to BICA.
09 Jun - 08 Jun, 2017
IFRS for SMEs Update and Application Overview 08-09 June 12-13 June 19-20 June Palapye Maun Francistown Majestic Five Maun Lodge Tati River Lodge The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) was issued in 2009 as a simplified, self-contained Standard to be adopted by the SME sector in lieu of full IFRS. Over 80 global jurisdictions, including Botswana, either currently permit or require the IFRS for SMEs and several more are currently considering adoption. In 2012, the International Accounting Standards Board (IASB) started a comprehensive review of the IFRS for SMEs with the aim of considering implementation experience, which culminated in a number of amendments in 2015. The amendments are expected to improve understanding of the existing requirements, and achieve consistency in financial reporting practices and financial statements among companies without public accountability around the world. Entities reporting using the IFRS for SMEs are required to apply the amendments for annual periods beginning on or after 1 January 2017. The 2016 BICA IFRS for SMEs Update and Application Overview has been developed by BICA in order to promote public confidence in the accounting profession, enhance compliance with IFRS and promote a culture of honesty and accountability among members. This two day course addresses the various amendments to date and also serves as a refresher for the IFRS for SMEs, covering implementation requirements and common application issues, highlighting the differences with full IFRSs. Local practical case studies are used to reinforce the principles discussed in an interactive manner. This course is designed for those involved in the compilation or review of financial statements for SMEs, the users of these financial statements and anyone interested in developing a fluency in the language of business for SMEs and other organisations without public accountability. Audience Member Profile: · Preparers of financial statements for SMEs · Reviewers of financial statements for SMEs including auditors, consultants, financial advisers, bankers, audit committee members and regulators. · Owners and managers of SMEs and other organisations without public accountability · Academics Outline Day One: 1.1 Background and overview of IFRS for SMEs · Sec 1 Definition of SME · Sec 2 Concepts and pervasive principles 1.2 Financial statement presentation · Sections 3 to 8 Financial statements · Sec 10 Accounting policies, estimates and errors · Sec 32 Events after the end of the reporting period · Section 33 Related party disclosures · Those portions of Sec 29 Income taxes and Sec 30 Foreign Currency relating to functional currency and presentation currency 1.3 Revenue · Sec 23 Revenue 1.4 Financial Instruments · Sec 11 and Sec 12 Financial Instruments · Sec 22 Liabilities & Equity · Portion of Sec 30 Foreign Currency dealing with foreign currency hedging 1.5 Assets · Sec 13 Inventories · Sec 17 Property plant and equipment · Sec 18 Intangible assets other than goodwill · Sec 27 Impairment of assets · Sec 14 Investments in Associates · Sec 15 Investments in Joint ventures · Sec 16 Investment property Day Two: 2.1 Liabilities · Sec 20 Leases · Sec 21 Provisions and contingencies · Sec 28 Employee benefits · Sec 29 Income taxes 2.2 Other issues · Sec 9 Consolidated and separate financial statements · Sec 19 Business Combinations and goodwill · Sec 30 Foreign Currency Translations · Sec 24 Government Grants · Sec 25 Borrowing Costs · Sec 26 Share based payments · Sec 31 Hyperinflation 2.3 Specialised Activities and Transition · Sec 34 Specialised Activities · Sec 35 Transition to the IFRS for SMEs Facilitator Profile: Eddie Bayen FCCA, ACMA CGMA, CISA, SIRM. ACPA (Bots) BSc (Hons) Accountancy (University of Buea, Cameroon) MCom Development Finance (University of Cape Town, South Africa) Eddie is a Technical Specialist of the UK’s Institute of Risk Management (SIRM), a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the Chartered Institute of Management Accountants (CIMA), a Certified Information Systems Auditor (CISA) and an Associate Certified Public Accountant ACPA (Bots). He is also a holder of a degree in accountancy and a Masters (MCom) in Development Finance from the University of Cape Town. Eddie has extensive experience in banking, external audit and business consulting all over the African continent. He has provided training and consulting to organisations on financial reporting, integrated reporting, treasury and risk management and financial modelling. Eddie has lectured in several business schools in Southern Africa and is currently the Director of the Corporate Learning and Leadership Centre for Botswana Accountancy College where he is charged with business development of the executive education and consulting unit. Eddie has also served on the Boards of multiple organisations on the African continent. Cover fees; P 2,900.00 (BICA Members) & P3, 180.00 (Non BICA Members) inclusive of VAT 10% discount to payments on or before the 29th May 2017. To find out more and book your place contact; Orebeile Seboka or Priscilla Setimela or Tshegofatso Nkepu. Tel. +267 3972992 / Fax +267 3972982 or email: firstname.lastname@example.org, email@example.com Thato Thipe or Veronica Mogapi Tel. +267 2418280 / Fax. +267 2418263 or email firstname.lastname@example.org; VMogapi@bica.org.bw Physical Address: Plot 32753/4, 2nd Floor, FNBB Building, Blue Jacket Street, Francistown Botswana. Please note that payment should be made before the day of the seminar. Cancellations should be made within 2 working days prior to seminar day otherwise non-cancellation is subject to full payment. If payment is made electronically, please forward proof of payment to BICA.
29 Mar, 2017
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27 Jan, 2017
BICA Graduates to curb shortage of Professional Accountants
16 Mar, 2016
BICA RETAINS FIRST POSITION AT THE 2016 HRDC FAIR The Botswana Institute of Chartered Accountants (BICA) retained first position in the Professional Body Category at this year's Human Resource Development Council Skills Fair & Career Clinics which was held from the 16th-19th March 2016 Ditshupo Hall in Gaborone. BICA stall attracted attention from prospective and potential members and students who were willing to learn about the Institute and the BICA Qualification. The BICA Qualification, which is an internationally recognized chartered accountancy qualification, was started in 2011 with the support of Ministry of Finance and Development Planning and the World Bank who entered into a twinning arrangement with the Institute of Charted Accountant in England and Wales (ICAEW), the world's leading accountancy professional body In December 2015, BICA signed a Reciprocity Membership Agreement (RMA) which enables members of both bodies to apply for membership of the other, giving them access to greater support as well as boosting their International presence and expertise. BICA and ICAEW have been working together since 2009 to strengthen the accounting profession in Botswana. The agreement is viewed as a milestone in the long-standing relationship between the two organizations and is expected to give a further boost to the accountancy profession in Southern Africa and the continent's growing economy.