2017 - 2018 Annual Reports and Financial Statements
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Date
2018
Authors
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Publisher
KMTC
Abstract
Description
The College’s financial statements have been prepared in accordance with and comply with International Public Sector Accounting Standards (IPSAS). The financial statements are presented in Kenya shillings, which is the functional and reporting currency of the College and all values are rounded to the nearest shillings.
The accounting policies have been consistently applied to all the years presented. The financial statements have been prepared on the basis of historical cost, unless stated otherwise. The cash flow statement is prepared using the direct method. The financial statements are prepared on accrual basis.