Navigate IFRS application for Savings and Credit Cooperative Organizations (SACCOs) with this program on financial sector impact, compliance strategy, and regulatory implementation. Participants will learn to apply relevant IFRS standards (e.g., IFRS 9, IFRS 15, IFRS 16) to SACCO financial reporting, manage the transition, and ensure compliance with regulatory requirements. The curriculum covers key standards impacting SACCOs, practical implementation steps, and disclosure requirements. Through case studies and hands‑on exercises, attendees will develop the skills to prepare IFRS‑compliant financial statements and communicate with stakeholders. This program is essential for SACCO finance staff, auditors, and regulators.
Objectives
- Understand the IFRS standards most relevant to SACCOs (IFRS 9, IFRS 15, IFRS 16)
- Classify and measure financial instruments under IFRS 9
- Account for membership shares, loans, and investments appropriately
- Apply the expected credit loss model to loan portfolios
- Recognize revenue from member services correctly
- Account for leases (IFRS 16) where applicable
- Prepare IFRS‑compliant financial statements and disclosures
- Manage the transition to IFRS and ongoing compliance
- Liaise with auditors and regulators on IFRS matters
Target Audience
- SACCO finance managers and accountants
- SACCO board members with finance oversight
- Auditors of SACCOs (internal and external)
- SACCO regulators and supervisors
- Consultants advising SACCOs on IFRS
- Anyone involved in SACCO financial reporting
Methodology
- IFRS standards workshops with SACCO focus
- Financial instrument classification exercises
- Expected credit loss modeling
- Financial statement preparation sessions
- Case study analyses of SACCO financial reports
- Peer sharing of implementation challenges
- Action planning for IFRS compliance
