26/02/2026
IFMISKenya
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An excellently secure, reliable, efficient, effective, and fully integrated financial management system
Sound systems, strong legal and regulatory frameworks as well as a competent and productive civil service are the cornerstones of an efficient Public Finance Management(PFM) regime. Public Financial Management reforms have been identified as the key drivers to efficient public service delivery and creation of wealth and employment, ensuring that the Government and its Departments raise, manage, an
26/02/2026
26/02/2026
IFMIS BUSINESS PROCESS RE-ENGINEERING FOR TRANSITION TO ACCRUAL ACCOUNTING.
26/02/2026
IFMIS BUSINESS PROCESS RE-ENGINEERING FOR TRANSITION TO ACCRUAL ACCOUNTING WORKSHOP. Targeted Entities
-Engineering
5) High quality financial reporting
Promotes accountability and quality decision making that lead to good governance, transparency.
Easier auditing due to comprehensive reporting.
-Engineering
4) Enriched balance sheet
Can facilitate access to financing.
Effective planning and budgeting for long-term financial responsibilities.
-Engineering
3) Present full picture of Revenue and Expenditure
Revenue potential to be better predicted
Disclose effect of long term commitments – inform borrowing programme
-Engineering
2) Enhance accountability of public fixed assetsFixed assets, heritage assets – shall all be on-balance sheet.
Manage handover especially between County Government regimes
-Engineering
Benefits of migration to accrual?
i) Enhance reporting on liabilities
Pending Bills, Public Debt, PPP’s contingent Liabilities & Pension on-balance sheet. A method that caters for complexities of transactions.
Why accrual accounting?
Accrual accounting is an accounting methodology under which transactions are recognized as the underlying economic events occur, regardless of the timing of the related cash receipts and payments.
25/02/2026
Why is IFMIS changing?
IFMIS BPR
Transition To Accrual Basis Of Accounting.
25/02/2026
IFMIS BUSINESS PROCESS RE-ENGINEERING FOR TRANSITION TO ACCRUAL ACCOUNTING WORKSHOP.
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Location
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Contact the business
Website
Address
IFMIS Department The National Treasury Fifth Floor, Treasury Building Harambee Avenue P. O. Box 30007
Moi
00100
Moi
00100
Opening Hours
| Monday | 08:00 - 17:00 |
| Tuesday | 08:00 - 17:00 |
| Wednesday | 08:00 - 17:00 |
| Thursday | 08:00 - 17:00 |
| Friday | 08:00 - 17:00 |