1. Project Final Update
Patrick Dicochea
June 2016

2. Project Priorities – 30 Mar 2016
•Analyze current
ledgers
•Prepare adjustments
•Prepare draft report
•Review and revision
•Audit
•Finalize report
2015 results audit
and statutory
accounts
•Document
conclusions
•Standardization
•Analysis models
Standard journal
entries,
descriptions,
procedures
•Reflective of strategy
•Tax and legal
structure
•Flow of goods and
services
•Future flexibility
•Foundation of
reporting
•Performance
•Management
•Statutory
compliance
International
Chart of Accounts

3. Project Priorities – Final Update
2015 results audit
and statutory
accounts
Standard journal
entries,
descriptions,
procedures
International
Chart of Accounts
- 6 character
version complete
- Mapped to
current 5-char
version
- Uploaded to Exact
- IFRS Based
- JE Formats
- 3 policies
- Inventory
- Rev Rec
- Close
- Cost-based
transfer pricing
- Checklist
- Analysis Models
- PPT training slides
- Acctg close < 5+
days [Apr, May ‘16]
- Ledgers analyzed
- YE adjustments done
- Closed:
- KA: 2013-2015
- KO: 2015
- Kibo: 2013-2015
- Led to steps required in
Step 2

4. Project Timeline
March April May June
Finalize transfer price
structure
Cost
Center
Structure
Chart of
accounts
Journal
entries
Documentation
and models
Analyze
ledgers
Prepare adjustments, Transfer Pricing entries
Draft
report
Review and
revision
Audi
t
Finalize
Emphasis on “start” timings
Project end
date
Other topics
KIBO
Audit
Tax
health
check
Done Done
No
Fedback
Ongoing; 2015 started
20/Jun
Pending Kibo
results finalized

5. What’s Next?
Policy Updates
• Warranty
• Service contracts revenue recognition
• Stock count
• New items – Timing to resolve, define, implement
Regular Closes
• Set schedule/expectation: Monthly?
• Ongoing review/Quality Control
Management Reporting
• Standardize models and methods
• Align to accounting policies
Systems
• Re-establish Kibo company in KES?
• PO Administration and Inventory Control: Key processes
• Extend Exact short-term?