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ICAN Vision Statement
To be a leading global professional body
Mission Statement
To produce world-class Chartered Accountants, regulate
and continuously enhance their ethical standards and
technical competence in the public interest
Contents
Page
1. ICAN Vision and Mission Statements…………………………………………………………………………………………….
2. Table of Content …………………………………………………………………………………………………………………………
3. MCPE Objectives, MCPE Philosophy, Why MCPE?…………………………………………………………………………
4. Review of the year 2013 Programme……………………………………………………………………………………………
5. 2013 MCPE In-House Seminars…………………………………………………………………………………………………
6. Thrust of Year 2014 Programme…………………………………………………………………………………………….
7. MCPE Credit Hours Requirements………………………………………………………………………………………………..
8. MCPE Compliance & Sanctions……………………………………………………………………………………………………..
9. Accreditation of Seminars/Workshops…………………………………………………………………………………………
10. Duration & Fee………………………………………………………………..………………...........................................................
11. Method of Payment……………………………………………………………………………………………………………………...
12. Cancellations & Transfers, Enquiries ……………………………………………….…………………………………………
13. Seminar Dates, Zones, Sectors & Locations……………………………………………………………………………………
14. Continuing Professional Education (CPE) Seminar Dates………………………………………………………………
15. Executive Mandatory Continuing Professional Education (EMCPE) Seminar Dates…………………………
16. Topic Specific Programmes…………………………………………………………………………………………………………
17. ICAN IFRS for SMEs Training ………………………………………………………………………………………………………
18. IFRS Post Implementation Challenges: Practical Sessions ……………………………………………………………..
19. Intensive Training on Deferred Taxation……………………………………………………………………………………..
20. Executive CPE (Offshore Retreat for Professionals)………………………………………………………………………
21. Continuing Professional Education (CPE)……………………………………………………………………………………..
22. Executive Mandatory Continuing Professional Education (EMCPE)………………..............................................
23. Accountancy and Audit/Insolvency Sector ………………………………………………………………………………….
24. Banking Sector……………………………………………………………………………..............................................................
25. Capital Market and Insurance Sector ……………………………………………………………………………………………
26. Consultancy Sector………………………………………………………………………………………………………………………
27. General Management Practice Sector …………………………………………………………………………………………..
28. Information Technology Sector ………………………………………………………………….………………………………..
29. Manufacturing Sector…………………………………………………………………………………………………………………..
30. Petroleum and Energy Sector ………………………………………………………………………………….............................
31. Public Sector Accounting ……………………………………………………………………………………………………………
32. Tax Practice Sector………………………………………………….…………………………………………………………………...
33. Telecommunications Sector…………………………………………………………………………………………………………
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MCPE Objective To continuously update the technical skill and
competencies of Chartered Accountants through value added training programmes
provided at minimum costs and designed to enhance their productivity and social responsiveness.
MCPE Philosophy Continuous development of knowledge and
expertise is a fact of life in today’s business environment.
Why MCPE?
Knowledge is a perishable commodity. It becomes obsolete with the passage of time.
It has to be re-affirmed, re-learnt and practised at all times. Skill renewal through continuous formal
training is, therefore, inevitable.
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Introduction The concept of Mandatory Continuing Professional Education (MCPE) was introduced in 1995 by the International Federation of Accountants (IFAC) with the aim of capturing today’s global knowledge base. The Institute subsequently adopted the scheme in 1996 with a view to deploying appropriate knowledge, skills and technologies to support its members in line with IFAC’s objective.
This programme provides major spring boards for economic empowerment of members since it is a veritable source of information and education for updating, improving and enhancing the knowledge and professional skills of members. As a professional body dedicated to best practices in management and value creation, the Institute has continuously improved on skills development, while innovations are on-going to give members the leading edge in the various sectors of the global economy where they function.
Review of 2013 Programme
The 2013 Mandatory Continuing Professional Education Programme which covered diverse sectors ran from February to December, 2013. The continuous and extensive review carried out to make seminars relevant and meet the needs of members and users of accounting services were very rewarding. This is attested to by the wide acceptance of the programme by members from the various sectors of the economy and the general public. A total of one hundred and thirteen (113) regular seminars were successfully conducted in fifteen (15) locations across the country as follows: while one off-shore programme was held in Banjul, Gambia.
Location MCPE CPE EMCPE ACCOUNTING & EXCEL
TRAINING
IFRS IPSAS IN- HOUSE
OFF- SHORE
TRAINING
Akure 1
Abuja 3 2 1 1 Lagos 38 4 4 1 4 1
Ibadan 2
Asaba/Benin-City/ Calabar/ Kaduna/ Owerri/Uyo/ Enugu/ Warri/ Jos (9)
1 in each
location
Ilorin 1
Port-Harcourt 2
TOTAL 56 4 4 1 6 2 39 1
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2013 MCPE In-House Seminars The Institute conducted In–House seminars in the following organisations in the year 2013
S/N ORGANISATIONS NO. OF
STREAMS 1 Chevron Nigeria Limited 1 2 MTN Communications Limited 4 3 Nigerian Bottling Company Plc 2 4 PZ Cussons Nigeria 1 5 Shell Petroleum Development Company of Nigeria, Port
Harcourt 1
6 Shell Nigeria Exploration & Production Company Limited (SNEPCO)
1
7 GlaxoSmithKline, Nigeria 1 8 Stanbic IBTC Pension Managers Ltd 2 9 Skye Bank Plc 3 10 Zenith Bank Plc 9 11 Nigerian Breweries Plc 1 12 Stanbic/IBTC Bank 2 13 Nigerian Deposit Insurance Corporation (NDIC) 3 14 Emerging Markets Telecommunications Services (ETISALAT) 2 15 AIRTEL Nigeria 2 16 Federal Inland Revenue Service (FIRS) 2 17 VISAFONE Communications Limited 1 18 Stanbic IBTC Assets Management 1
TOTAL 39
Summary of 2013 MCPE Seminars
SEMINARS RUNS ATTENDANCE MCPE/Conferences 55 10,908
CPE 4 148 EMCPE 4 143
In-House 39 1,468 Topic Specific 11 440
Accreditation/Others 82 13,426 TOTAL 195 26,533
As part of the Institute’s effort at ensuring that its members are abreast of developments in the profession, the Institute is aggressively marketing the In-house MCPE Programme to reputable organisations who employ a significant number of chartered accountants who may not be able to participate in the regular MCPE programmes due to exigencies of work. These organisations are encouraged to request for In-house programmes.
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Thrust of 2014 MCPE Programmes As a follow up to the remarkable achievements recorded in previous years, the Institute has, in the current year, put up a comprehensive programme of professional development through the MCPE in order to enhance the skills acquisition that would give members competitive edge.
To develop members’ skills, the Institute’s approach in 2014 is to ensure that their learning development and growth at all stages of their professional career are fully addressed by relevant courses in the MCPE programme, especially now that Nigeria has adopted the IFRS and IPSAS.
The structured programme for this year covers fifteen (15) different sectors. We also have, in addition to this, an Intensive package on Financial Instruments and Deferred Taxation.
Deferred Tax is one of the most complex subjects in accounting. With the adoption of IFRS in Nigeria, much more is required of Chartered Accountants in many areas including basis of computation, deferred tax analysis, reconciliation of effective rates and a host of others.
Financial Instrument is another challenging topic in today’s financial world. A lot more is required of Accountants in the area of classification and measurement, derecognition, impairment and uncollectability etc. These programmes will focus on the key areas to assist members greatly.
The Intensive programmes have been packaged to update members’ knowledge in these areas. They are laced with a lot of practical scenario, case studies, detailed training manual as well as the soft copy of the training materials.
We have also repackaged our Intensive IFRS and IPSAS programmes to showcase the changes in these standards.
Furthermore, an offshore training programme which is open to members and non-members will take place in May this year in Senegal.
The Committee with the approval of Council, may increase these sectors as deemed fit subject to developments in the global economy.
The principal benefits of the 2014 MCPE are as follows:
• help members identify areas of development which are relevant to and support their careers • provide effective skill renewal through continuous formal training • provide the avenue for continuous update of technical skills of Chartered Accountants • enhance the productivity, efficiency and social responsiveness of members • re-assure employers and the public that members keep themselves abreast of current developments
and employ an ethical approach to their duties • offer a measurable and transparent approach to Members development. • provide members with an accessible range of services that will help them maintain and develop
their expertise • provide members with veritable networking opportunities
To sustain these benefits, each course has been designed to generate in-depth, highly interactive and practical sessions to cater for members’ professional needs.
The scope and depth of coverage of seminars in all the sectors have been enhanced to add value to them. Members will be encouraged through syndicate sessions to effectively contribute and exchange ideas, express opinions and share real life experiences in all seminars and workshops. All programmes will be delivered with modern training equipments. A faculty of distinguished and erudite professionals drawn from industry, practice and academia will facilitate at all seminars.
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MCPE Credit Hour Requirements Every member of the Institute is required to obtain a minimum of thirty (30) credit hours in a year. Of these, fifteen (15) must be from structured programmes in line with MCPE training guidelines.
MCPE Compliance and Sanctions A member of the Institute is required to obtain a minimum of 30 credit hours (which could be obtained solely from structured seminars or a combination of structured and unstructured seminars) in a year. The structured programmes are Mandatory Continuing Professional Education (MCPE), Continuing Professional Education (CPE), Executive Continuing Professional Education (ECPE), and Executive Mandatory Continuing Professional Education (EMCPE), the Annual Accountants’ Conference, World Congress of Accountants, District Societies Accountants’ Conference and Accountancy Bodies in West Africa (ABWA) Conference. The unstructured programmes include seminars, workshops, meetings, etc. organised by either the Institute or other organisations, ICAN Annual Dinner, ICAN Annual General Meeting, ICAN symposia, Council and Committee meetings, Examination exercises (Invigilation, marking, extraction and pool setting), Retreats, Publications in the Institute’s journal, District Societies meetings, facilitation at MCPE seminars and other events of the Institute.
The Council of the Institute has noted that some members are deficient in the acquisition of the minimum credit hours required by the IFAC. Council expects defaulting members to make up for the deficient credit hours within the year by attending MCPE seminars.
It is worthy of note that the Council of the Institute had approved sanctions since March 2003; members deficient in the required MCPE credit hours would be denied the following privileges:
• Sponsorship of students for registration, exemptions, examinations and registration for induction into membership
• Sponsorship of graduate members for the Institute’s membership • Elevation to fellowship • Obtaining and Renewal of Practising Licence/Compliance Certificate • Membership of Committees • Voting at Council elections • Contesting Council Elections, and • Occupying any executive position in a District Society
Additional sanctions, which might affect the membership status of defaulting members, have also been approved for implementation.
The Council of the Institute implores all members to attend any two seminars from the various sectors each year to earn the necessary thirty (30) credit hours in the process of updating their knowledge.
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Accreditation of Seminars/Workshops The Institute’s policy on the assessment of seminars/workshops organised by other organisations, District Societies etc, requires the submission of the following: v Payment of Accreditation fee v Course programme, reflecting the duration of each paper v Seminar papers should be forwarded three weeks before date of seminar for evaluation v Evidence of original attendance of members through attendance sheets signed by
participants v Resume of resource persons v Application for monitoring of the programme before the seminar v Theme of the programme /course outline/topics v Target Audience v Expected number of participants v Date and venue of the programme v Name of course co-ordinator v For any programme outside Lagos, the organiser will provide transport, accommodation
and feeding for the monitor.
All requests for local and international accreditation must comply with the above criteria for the purpose of assessment before credit hours can be allocated to such seminars or workshops.
Duration and Fee ♣ Duration: The duration of each programme ranges from two to five days ♣ Fee: The following fee apply:
S/NO SEMINAR TYPE PAYMENT MADE ONE WEEK
BEFORE THE SEMINAR(N) ON SEMINAR DAY (CORPORATE CHEQUE OR BANK DRAFT ONLY)
1 MCPE 25,000 30,000 2 CPE 35,000 (40,000 non members) 40,000 (45,000 non members) 3 EMCPE 80,000 (85,000 non members) 85,000 (90,000 non members) 4 IFRS, IPSAS and other
topic specific progammes
80,000 (85,000 non members) 85,000 (90,000 non members)
5 Offshore ECPE US$ 1,500 No payment at the venue
Method of Payment Payments for all local seminars can be made in cash, corporate cheque or certified bank draft or e-payment payable to The Institute of Chartered Accountants of Nigeria, before the date of the Seminar, at any of the Institute’s offices or to the MCPE Zenith Bank Account no.1012757801, Sort Code: 057151012. Payment at the venue is by corporate cheque or bank drafts. Personal cheques will not be accepted.
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Cancellations, Refunds and Transfers 1. Refund of 100% of fees paid would be made on request if cancellation is made within 14
days or more before the event. 2. Transfers to other programmes can be made if requests are received within 7 days or
more before the commencement of the programme paid for. 3. No refund or transfer to another programme will be made where request for cancellation
is received by the Institute less than 7 days before the commencement of any programme. 4. Any payment made cannot be transferred to another year.
Disclaimer The Institute may be forced to cancel or postpone a programme or seminar due to unforeseen circumstances, and would not be liable for any damages suffered by participants as a result of such cancellations. For further enquiries on the Institute’s Professional Training Programmes, please call or write to:
Enquiries
Members’ Education & Training Department ICAN Annexe 82, Murtala Mohammed Way, Ebute-Metta, Lagos Telephone 01- 7917234 (DL) 01-7642297 – 8, 0803 723 0393 0803 354 7351 Fax: 01-4627048 e-mail: [email protected]
[email protected] [email protected]
Registrar/Chief Executive Plot 16, Idowu Taylor Street Victoria Island, Lagos Telephone 01-76422495 – 6 Fax: 01 – 4627048 e-mail: info.ican.org.ng Website: http/www.ican-ngr.org
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Seminar Dates, Zones, Sectors and Locations
S/N
ZONE
SECTOR
DATES
LOCATIONS
1. Lagos Tax March 12 – 13 Lagos Airport Hotel, Ikeja
2. Jos Information Technology March 19 – 20 Elim Top Suites, No. 1 Golf Course Rd, Mai-Adiko, Rayfield, Jos
3. Lagos Accountancy, Audit & Insolvency March 26 – 27 Lagos Airport Hotel, Ikeja
4. Kaduna Information Technology April 9- 10 NAF Club, Rabah Road, Kaduna
5. Lagos General Management Practice April 9 – 10 Lagos Airport Hotel, Ikeja
6. Port Harcourt Consultancy April 23 – 24 L A Kings Complex, Plot 267, GRA Phase IV, Stadium Road, Elekahia, Port Harcourt, Rivers State
7. Lagos Public Sector Accounting April 23 – 24 Lagos Airport Hotel, Ikeja
8. Kano Consultancy May 7 – 8 Horizon Hotel, 5 Courthouse Close, Off Miller Road, Bompai, Kano
9. Lagos General Management Practice May 7 – 8 Lagos Airport Hotel, Ikeja
10. Warri General Management Practice May 14 – 15 Ishaka Hotel Refinery Road, Ekpan Warri, Delta State
11. Lagos Tax May 14 – 15 Lagos Airport Hotel, Ikeja
12. Abuja Tax May 21 – 22 Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja
13. Lagos Capital Market & Insurance June 4 – 5 Lagos Airport Hotel, Ikeja
14. Benin Information Technology June 4 – 5 Bishop Kelly Pastoral Centre, Airport Road, GRA, Benin - City
15. Enugu Tax June 11 – 12 Roban Hotels, Ukwa Street, Independence Layout, Enugu
16. Lagos Petroleum & Energy June 11 – 12 Lagos Airport Hotel, Ikeja
17. Owerri Tax June 25 – 26 Owerri Hotel Plaza, Plot 80, Port-Harcourt Road, Owerri, Imo State.
18. Lagos Information Technology June 25 – 26 Lagos Airport Hotel, Ikeja
19. Ibadan General Management Practice July 2- 3 University of Ibadan & Conference Centre UI Ventures, Ibadan, Oyo State
20. Lagos Manufacturing July 2 – 3 Lagos Airport Hotel, Ikeja
21. Asaba Information Technology July 16 – 17 Hotel Beniza, 1-4, Kingsley Emu Street behnd fine homes off Summit Road,
Asaba
22. Lagos Consultancy July 16 – 17 Lagos Airport Hotel, Ikeja
23. Abuja General Management Practice August 13 – 14 Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja
24. Ilorin Tax August 13 – 14 Royal Shekinah Suites, Ajase Ipo Road, Opposite MRS Filling Station, Ilorin, Kwara State
25. Lagos Accountancy, Audit & Insolvency August 20 – 21 Lagos Airport Hotel, Ikeja
26. Uyo Accountancy, Audit & Insolvency August 27 – 28 Multipurpose Hall, Governor’s Office Annexe, Wellington Bassey Way, Uyo, Akwa Ibom State
27. Calabar Information Technology September 3 – 4 Channel View Hotel, MCC Road Calabar,
Cross River State
28. Abeokuta Public Sector Accounting September 3 - 4 Continental Suites, Presidential Boulevard, Ibara, Abeokuta
29. Lagos Accountancy, Audit & Insolvency October 8 - 9 Lagos Airport Hotel, Ikeja
30. Awka Public Sector Accounting October 8 - 9 Parktonian Hotel, Onitsha-Enugu Expressway, Unizik Temp. Site junction Awka
31. Akure Accountancy, Audit & Insolvency September 24 – 25 Royal Birds Hotel & Towers, Alagbaka Estate Akure
32. Lagos Public Sector Accounting September 24 – 25 Lagos Airport Hotel, Ikeja
33. Lagos Telecommunications October 22 – 23 Lagos Airport Hotel, Ikeja
34. Abuja Public Sector Accounting November 5 – 6 Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja
35. Lagos Tax November 5 – 6 Lagos Airport Hotel, Ikeja
36. Port Harcourt Information Technology November 12 – 13 L A Kings Complex, Plot 267, GRA Phase IV, Stadium Road, Elekahia, Port Harcourt, Rivers State
37. Lagos General Management Practice November 26 27 Lagos Airport Hotel, Ikeja
38. Ibadan Tax November 26 – 27 Premier Hotel, Mokola Hill, Oremeji, Ibadan North East, Oyo State
39. Lagos Banking December 3- 4 Lagos Airport Hotel, Ikeja
40. Lagos Accountancy, Audit & Insolvency December 17 - 18 Lagos Airport Hotel, Ikeja
Note: A change in seminar dates/venues would be uploaded on the Institute’s website at least a week to the programme. Seminar Fee: N25, 000 for pre-payment and N30,000 for payment at the venue(Regular MCPE only).
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Continuing Professional Education (CPE) For Members and Non-members of ICAN
Venue: Lagos Airport Hotel
Ikeja, Lagos
1.
May 28 - 29
LEVERAGING FINANCE AND TECHNOLOGY FOR BUSINESS SUCCESS
2.
June 16 – 17
COMMERCIALISING AGRICULTURE: SHIFT FROM SUBSISTENCE TO BUSINESS VENTURE
3.
August 13 – 14
RELATIONSHIP MANAGEMENT IN THE WORKPLACE
4.
November 19 – 20
LEADERSHIP STRATEGIES FOR OUTSTANDING RESULTS
Fees: Pre-payment (a week before) On seminar day (corporate cheque or bank draft)
Members: N35, 000 N40,000
Non-Members: N40, 000 N45,000
Credit Hours: 15 units
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Executive Mandatory Continuing Professional Education (EMCPE)
Venue: Sheraton Lagos Hotel & Towers Mobolaji Bank Anthony Way Ikeja, Lagos
1.
June 4 – 5
BUSINESS CONTINUITY AND SUCCESSION
2.
July 9 – 10
DESIGNING AND DEPLOYING ENTERPRISE RISK MANAGEMENT SYSTEMS
3.
September 17 - 18
LEADING ISSUES IN INTERNATIONAL FINANCIAL REPORTING STANDARDS
4.
December 3 - 4
GAINING COMPETITIVE ADVANTAGE THROUGH SOCIAL MEDIA & E-COMMERCE
Pre-payment (a week before) On seminar day (corporate cheque or bank draft)
Fee: Members N80,000 N85,000 Non-Members N85,000 N90,000
Credit Hours: 15 units
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Topic Specific Programme
S/No
Date
Location
1
March 12 – 13
Lagos DEFERRED TAX: PRACTICAL SCENARIO AND CASE STUDIES
2
June 10 - 11
Lagos
“
3
April 15 - 17
Lagos
ADOPTION OF IFRS IN NIGERIA KEY ISSUES AND CHALLENGES: BEFORE, DURING AND AFTER IMPLEMENTATION
4
December 9 – 11 Lagos
“
5
April 29 - 30 Lagos
FINANCIAL INSTRUMENTS: PRACTICAL SCENARIO AND CASE STUDIES
6
November 10 – 11
Lagos “
7
May 19 - 23
Lagos
INTENSIVE IFRS TRAINING
8
July 7 – 11
Lagos
INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS TRAINING (IPSAS)
9 September 16 – 19
Lagos
“
10
September 22 - 25
Lagos
IFRS FOR SMEs
Pre-payment (a week before) On seminar day (Corporate Cheque Or Bank Draft)
Fees: Members N80,000 N85,000
Non-Members N90,000 N95,000
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IICCAANN IIFFRRSS FFOORR SSMMEEss TTRRAAIINNIINNGG Programme at a glance
Day 1 – Overview of IFRS for SMEs & Financial Statement Preparation
Day 2 – Financial Instruments and Assets
Day 3 – Liabilities and Business Combinations
Day 4 – Implementation and Illustrative Financial Statements
• Overview: Bullet points covering all Sections 1-35, including highlight of differences with full IFRSs, Sec 24: Government grants, Sec 25: Borrowing costs, Sec 26: Share- based payment, and Sec 34: Specialised industries • Scope and concepts: Sec 1: Definition of SME, Sec 2: Concepts
• Transition to IFRS for SMEs Sec 35: Transition & first time adoption Quiz-case study on Overview & Transition
• Financial statement presentation:
Sections 3 to 8 Financial statements Sec 10: Accounting policies Sec 32: Events after year end Section 33: Related party disclosures Portions of Sec 30: Foreign Currency relating to functional currency and presentation currency Quiz-case study on Financial Statement Presentation
Financial Instruments: • Sec 11 and Sec 12 Financial
Instruments • Sec 22: Liabilities & Equity • Sec 12: Financial Instruments • Portion of Sec 30: Foreign
Currency dealing with foreign currency hedging
• Quiz-case study on Financial Instruments
Assets: • Sec 13: Inventories • Sec 17: Property plant and
equipment • Sec 18: Intangible assets • Sec 27: Impairment • Sec 14: Associates • Sec 15: Joint ventures • Sec 16: Investment property • Quiz-case study on Assets
Income Tax: • Sec 29: Income tax
Revenue - Sec 23: Revenue • Quiz-case study on
Income Tax and Revenue
Liabilities • Sec 20: Leases • Sec 21: Provisions • Sec 28: Employee
benefits • Quiz-case study on
Liabilities Consolidation and business combinations: • Sec 9: Consolidation • Sec 19: Business
Combinations • Sec 30: Foreign
Operations • Quiz-case study on
Consolidation and Business Combinations
• Comparison of key requirements of IFRS for SMEs with related requirements in full IFRSs
• Presentation and disclosure checklist
• Illustrative financial statements
• IFRS Updates (General and SME specific)
• Overview of the Financial Reporting Council Act 2011
• Implementation of IFRS: issues for SMEs
• Post implementation issues for full IFRSs and learning points for SMEs
• Case study
15
Financial Instruments– Practical Scenario and Case Studies
Financial Instrument is undoubtedly the most complex and controversial subject in financial reporting. No wonder the former Chairman of the IASB asserted that only 1% of the global accountants understood Financial Instruments. With the adoption of IFRS in Nigeria, much more is required of the accountants in many areas on Financial Instruments including classification and measurement, reclassification, derecognition, impairment and uncollectability, derivatives, hedge accounting and disclosure requirements.
This 2-day workshop has been specifically designed to enable participants gain an in-depth knowledge of Financial Instruments through practical scenario and case studies.
TOPIC 1
INTRODUCTION TO FINANCIAL INSTRUMENTS
TOPIC 2 CLASSIFICATION , MEASUREMENT AND
IMPAIRMENT OF FINANCIAL INSTRUMENTS
TOPIC 3 ACCOUNTING FOR DERIVATIVES
AND HEDGE ACCOUNTING
TOPIC 4 DISCLOSURE OF FINANCIAL
INSTRUMENTS
• Definition of Financial
Instruments • Identifying Financial
instruments • Determining whether an
Instrument is equity or Financial liability
• Compound financial Instruments – with equity & without equity components
• Accounting treatment and presentation of treasury shares
• Offsetting financial Instruments
• Practical scenario and case studies
• Classifying financial assets and financial
liabilities • Initial and subsequent measurement of
financial instruments • Regular way transactions • Applying derecognition rules • Applying reclassification rules • Overview of Impairment • Impairment of financial asset at amortised
cost and available for sale • Impairment of unquoted equity and trade
receivables • Case study session on measurement,
derecognition and impairment • Future developments • Practical scenario and case studies
• Overview of derivative
Instruments • Stand alone and embedded
derivatives • Accounting treatment of
derivatives Financial Instruments • Overview of hedge accounting • Types of hedging relationships • Accounting for effective hedges • Case study session on derivatives
and hedge accounting • Future developments • Practical scenario and case
studies
• Overview of IFRS 7 • Disclosures relating to
statement of financial position • Disclosures relating to
statement of profit or loss and other comprehensive income
• Overview of financial risks • Credit risk disclosures • Liquidity risk disclosures • Market risk disclosures • Practical scenario and case
studies
16
Adoption of IFRS in Nigeria: Key Issues and Challenges Before, During and after Implementation
Day 1 – OVERVIEW OF IFRS ADOPTION Day 2 – IFRS IMPLEMENTATION Day 3 - POST IMPLEMENTATION, PROPOSED CHANGES AND FUTURE AGNEDA ITEMS
a) IFRS 1, First time adoption of IFRS b) Key differences between NGAAP
& IFRS:
• IAS 16, Property, plant and Equipment
• IAS 38, Intangible assets • IAS 40, Investment Property • IAS 36, Impairment of assets • IAS 23, Borrowing costs • IAS 2, Inventories • IAS 17, Leases • IFRS 5, Non-current assets held
for sale and discontinued operations
• IFRS 2, Share-based payment • IAS 37, Provisions, contingent
liabilities and contingent assets • IAS 10, Events after the reporting
period • IAS 19, Employee benefits • IAS 12, Income taxes • IAS 18, Revenue
(c) Case study
• Preparation & presentation of financial statements
• (pro-forma, accounting policies, explanatory notes)
• Disclosure standards (IAS 7, IAS 24, IAS 33, IAS 34, IFRS 8)
• Tax implications of IFRS adoption (First time adoption only)
• Illustrative financial statements - worked examples to cover:
PPE Intangible Assets
Impairment Borrowing cost Inventories Leases Revenue Discontinued operations Provisions Employee benefits
• Case study
• Grey areas and emerging trends in IFRS
• New standards (IFRS 10, 11, 12 & 13) • Areas of difficulty under IFRS and
improvement standards – (to include financial instruments and insurance contracts)
• Revised standards, proposed changes and future agenda items
• Practical session and worked examples
• Case study
17
• Illustrations of permanent, tax • Group deferred tax timing and temporary • Reconciliation of and uncertain tax differences statutory to effective tax positions • Deferred tax format under
IFRS
• rates Presentation and
• Analysis and reconciliation
• Step by step approach to deferred tax computations
disclosure requirements • Presentation and disclosure
Deferred Tax: Practical Scenario and Case Studies
Deferred tax is arguably one of the most complex subjects in accounting. With the adoption of IFRS in Nigeria, much more is required of the accountant in many areas including basis of computation, deferred tax analysis, reconciliation of effective to statutory rates and disclosure requirements.
This 2-day workshop has been specifically designed to enable participants gain an in-depth knowledge of deferred tax through practical scenarios and case studies.
TOPIC 1 DEFERRED TAX PRINCIPLES
• Overview of deferred tax
• Definition of key terminologies
• Accounting of deferred tax • Differences between NGAAP
and IFRS
• Tax base of assets and liabilities
TOPIC 2 KEY ISSUES AND GREY AREAS IN DEFERRED TAX
• Fair value adjustments • Non-depreciable assets • Initial recognition
exceptions • Application tax rates and
manner of recovery • Analysis and
classification of deferred
TOPIC 3 GROUP DEFERRED TAX
• Overview of accounting for group deferred tax
• Deferred tax and
consolidation adjustments
• Groups with foreign entities
TOPIC 4 PRACTICAL DEFERRED TAX
• Case study session on
deferred tax principles
• Case study session on key
issues and grey areas in
deferred tax
• Case study session on group
deferred tax
requirements • Case study
18
EXECUTIVE CPE
OFFSHORE RETREAT FOR PROFESSIONALS (MEMBERS AND NON-MEMBERS)
THEME: THE FINANCE PROFESSIONAL AND THE CHALLENGES OF
DEVELOPMENT
TOPICS Paper 1
Day 1 Emerging Developments in IFRS.
Paper 2 Emerging Reforms in the Tax Sector.
Paper 1
Day 2 Transparency and Accountability in Public Financial Management through IPSAS.
Paper 2 Infrastructure Financing: Prospects and Challenges.
Day 3 Global Business Dynamics: Challenge of Leadership.
DATE: May 4 – 9, 2014
Venue: Dakar, Senegal
19
CONTINUING PROFESSIONAL EDUCATION (CPE)
SYNOPSIS
Continuing Professional Education (CPE) helps participants to be conversant and interact confidently in discussing emerging contemporary issues.
Year 2014 CPE themes have been specifically selected to meet these needs as well as provide opportunities for employment generation and wealth creation for participants.
THEME 1
LEVERAGING FINANCE AND TECHNOLOGY FOR BUSINESS SUCCESS
Learning Outcomes
At the end of the session, Participants should be able to:
• Explain the Key Factors Required to Attract Finance for Business • Identify Useful Data Sources and How to Apply such Data for Business Success • Develop an Online Social Media Strategy • Discuss Business without Borders PAPER 1
ATTRACTING FINANCE - VENTURE CAPITAL AND ANGEL INVESTORS Content • Techniques for Assessing Investment
Options • Understanding the Investors’ Mindset -
Perspectives and Incentives • Accessing and Structuring Venture Capital
and Angel Funding • The Role of People and Relationship in
Venture Funding • Case study
PAPER 3 DEVELOPING ONLINE SOCIAL MEDIA STRATEGY
Content • The increasing Significance of e-commerce • Understanding Social Networks and how
they have Redefined the Business Landscape
• Emerging trends in the use of Websites and Social Media to Drive Business
• Online and Social Media Strategies • Case study
PAPER 2
LEVERAGING BIG DATA FOR BUSINESS SUCCESS Content
• The meaning and importance of Big Data • Tools and Techniques for Managing Big
Data • Making Data Work -For –You Principles of
Data Mining and Analysis • Structuring your Organisation to
Leverage Data • Case study PAPER 4 BUSINESS WITHOUT BORDERS
Content
• The Global Village and the Marketplace • Technology Support for e-Commerce • Challenges of Doing Business without
Borders • Optimising Business without Borders for
Business Success • Case study
IJIOMA OKECHUKWU-(19328) – Lagos MCPE seminar has exposed me to developments in the public sector accounting and finance
20
THEME 2
COMMERCIALISING AGRICULTURE: SHIFT FROM SUBSISTENCE TO BUSINESS VENTURE
Objectives At the end of the session, participants should be able to: • Identify Opportunities in Agribusiness • Explain Business Models Applicable to Agribusiness • Explore possible Options for Agribusiness Financing • Discuss Marketing Strategies for Export of Agricultural Produce
PAPER 1
UNDERSTANDING THE AGRIBUSINESS VALUE CHAIN Contents
PAPER 2 DEVELOPING BUSINESS MODELS FOR AGRIC VENTURES
• Overview of Agribusiness and policy framework
•
Contents Concept of Business Models and its
• Framework for Analysing Agribusiness Value Chain
•
Application to Agribusiness Agribusiness Model Architecture
• Positioning Strategy on the Agribusiness • Identifying and Managing the Challenges of Value Chain Implementing a Sustainable Agribusiness • Optimising the Agribusiness Value Chain model • Case study • Optimising the Agribusiness Model
PAPER 3
FINANCING AGRIBUSINESS
Contents
• Sources of Agribusiness Financing • The Roles of Specialised Financial
Institutions in Agribusiness • Fiscal, Institutional and Regulatory
Challenges to Agribusiness Financing • Managing Financial Risks in Agribusiness • Case study
PAPER 4 MARKETING AND EXPORT OF AGRICULTURAL PRODUCE Contents • Integrating with the global Agribusiness
Value Chain • The Roles of Commodities Exchange and
Future Market in Promoting Agribusiness • Cooperatives and Commodity Boards:
their Roles in a Sustainable Agribusiness • Product Standardisation to Meet
Marketing and Export Standards • Case study
KINGSLEY UCHEGBUE-(18777) - In-house MCPE Seminar it has helped in broadening my knowledge on different issues that affect my role in the office
21
Challenges • Understanding Self Esteem and Self • Dealing with Attitude Concept • Effective Interpersonal Communication • Elements of Emotional Intelligence • Tools for Evaluating Interpersonal • Consciously Building Trust at Work Relationship at Work (Psychometric Tests • Applying Emotional Intelligence in etc.) Managing Workplace Relationships • Case Study • Case Study
THEME 3
RELATIONSHIP MANAGEMENT IN THE WORKPLACE
Learning Outcomes At the end of the session, participants should be able to:
• Discuss the Concept and Challenges of Interpersonal Relationship • Discuss the Importance of Trust in Workplace Relationship • Apply Emotional Intelligence to Improve Work Relationships • Develop and Implement a Conflict Resolution Plan
PAPER 1 PAPER 2
INTERPERSONAL RELATIONSHIP AT WORK
Content
• Working with People: Issues and
UNDERSTANDING SELF AND OTHERS FOR IMPROVED RELATIONSHIP
Content
PAPER 3
MANAGING NEEDS IN RELATIONSHIPS
Content
• Identifying needs and Influencing Others • Understanding Assertiveness • Group Dynamics • Developing a win-win attitude • Case Study
PAPER 4 CONFLICT MANAGEMENT Content
• Overview of Conflict and Conflict Management
• Conflict Resolution Strategies • Resolving Conflicts with the Relationship
in Mind • Developing and Practicing a Conflict
Resolution Plan • Case Study
OBANEWA AKINJIDE (22939)-Lagos MCPE seminar has enriched my knowledge on new developments in the field and has also become a source of constant reminder of key policies in the field
22
THEME 4
LEADERSHIP STRATEGIES FOR OUTSTANDING RESULTS
Learning Outcomes At the end of the session, participants should be able to:
• Identify Skill Requirements for Leadership • Identify Key Performance Drivers • Engage People for Performance • Lead And Motivate Staff for Results PAPER 1
DEVELOPING LEADERSHIP SKILLS
Content
• Concepts of Leadership • Leadership Challenges in the 21st Century • Leading Self and Others • Leadership, Creativity and Effectiveness • Transformational leadership • Case Study
PAPER 3
EMPLOYEE ENGAGEMENT AND PRODUCTIVITY
Content
• Concept, Principles and Techniques of Employee Engagement
• Energising and Engaging People For Improved Productivity
• Managing Diversity and Inclusion • Driving Employee Engagement from the
Top • Case Study
PAPER 2 MANAGING FOR PERFORMANCE Content
• Overview of Performance Management • Performance Management Cycle • Challenges of Performance Management • Bench Marking for Performance • Case Study PAPER 4 MOTIVATING STAFF FOR PEAK PERFORMANCE Content • The Concept and Theories of Motivation • Techniques and Approaches for Employee
Motivation • Overcoming Challenges of Staff
Motivation • Impact of Motivation on Performance • Case Study
BUNMI DAYO-OLAGUNJU (13132)- Lagos MCPE seminar has renewed my interest in learning and keeping me updated with changes in accounting standards and practices
23
EXECUTIVE MANDATORY CONTINUING PROFESSIONAL EDUCATION (EMCPE)
THEME 1
BUSINESS CONTINUITY AND SUCCESSION
SYNOPSIS
Effective Succession Planning has been observed to be a challenge of many businesses. If organizations are to continue to survive, let alone prosper, in the current business environment, the importance of a fluid, well implemented Succession Management framework is critical.
For businesses to be there today, tomorrow and the day after, the process of succession planning and management should be institutionalized.
Learning Outcomes At the end of the session, participants should be able to:
• Recognize Succession Planning and Management [SPM] Challenges and Solutions • Discuss the Concept and Best Practice Approach to Succession Planning and Management • Connect Employee Life Cycle and Measures of Succession Planning and Management Success • Appreciate the Approach to Managing Transitions in Family Enterprises PAPER 1
SUCCESSION PLANNING AND MANAGEMENT: CHALLENGES AND SOLUTIONS
Content • The Prevalence of SPM • The Value of SPM • Barriers to Success • Why SPM should be Prioritized • Strategies for Success • Case Study
PAPER 3
EMPLOYEE LIFE CYCLE AND SUCCESSION PLANNING MANAGEMENT
Content • The Concept of Employee Life Cycle • Relationship Between Employee Life Cycle
and Succession Planning and Management • Measures of Succession Planning • Business Case for an Effective Succession
Planning and Management System • Case Study
OJO EMMANUEL OLUMIDE-(32302)- Lagos In-house MCPE has positively affected my job function, broaden my knowledge and understanding professionally
PAPER 2 CONCEPT AND BEST PRACTICE APPROACHES TO SPM Content • Conceptual Framework of Replacement
Planning, Succession Planning and Succession Management
• Strategy for the Identification and Development of Successors
• Internal and External Considerations to Succession Planning and Management
• Determinants of Best Practice Approach to Succession Planning and Management
• Case Study
PAPER 4
MANAGING TRANSITIONS IN FAMILY ENTERPRISES
Content • Overview of Family Enterprises in Nigeria • Issues Related to Transitions in Family
Business • Models for Managing Transition Risks • Planning for Succession • Suggestions for Advisors to Family
Enterprises • Case Study
24
THEME 2
DESIGNING AND DEPLOYING ENTERPRISE RISK MANAGEMENT SYSTEMS
SYNOPSIS
Since the last global financial crisis, Enterprise Risk Management [ERM] has continued to receive increased attention, because of the realization of its role in value protection and creation. Not only is it now required by regulators, it is also one of the assessment criteria of rating agencies.
Furthermore, IFRS requires risk management disclosures in specified contexts. This seminar seeks to equip participants with the competence required to provide effective leadership in the design and implementation of ERM systems.
Learning Outcomes
At the end of the session, participants should be able to:
• Identify the Features of and Differences Between ERM Frameworks • Understand the Elements in the Design of ERM Systems • Discuss the Issues, Processes and Challenges in the Implementation of ERM Systems • Evaluation of ERM Application in Organisations
PAPER 1
ERM FRAMEWORKS
Content
• Overview of ERM • Features of COSO and ISO 31000 ERM
Frameworks • Differences between COSO and ISO 31000
ERM frameworks • Issues in the Application of Solutions
Prescribed in ERM Frameworks • Case study
PAPER 3
IMPLEMENTING ERM SYSTEMS
Content
• ERM Implementation Issues • Best Practice Process for ERM
PAPER 2
DESIGNING ERM SYSTEMS Content
• The Regulatory Framework of Risks Management Practices
• Key Considerations in the Design of ERM Systems
• Processes and Tools in the Design of ERM Systems
• Case study PAPER 4 MODEL FOR EVALUATION OF ERM SYSTEMS Content
• The Need for Evaluation of ERM •
Implementation Typical Challenges in ERM Implementation
•
applications ERM Evaluation Models: Regulators and
• Workable Strategies for Overcoming ERM Rating Agencies •
Implementation Challenges Case study
• •
Template for Evaluation of ERM Systems Practical Examples in ERM Evaluations
OGBE, SMITH ARIERHI (15831) – Benin-City MCPE has given me practical knowledge of various topics and current issues on tax.
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THEME 3
LEADING ISSUES IN INTERNATIONAL FINANCIAL REPORTING STANDARDS
SYNOPSIS
The advent of the adoption of International Financial Reporting Standards (IFRS) in Nigeria has created the need for all parties in the financial reporting supply chain to be up to date on IFRS and related topics.
This seminar is designed to equip Senior Members with the competences they require to successfully embed IFRS in relevant financial reporting systems, apply new and amended standards/interpretations effective in 2014, and appreciate the role of Extended Business reporting Language(XBRL) in financial reporting.
Learning Outcomes
At the end of the session, participants should be able to:
• Discuss the nature and role of XBRL in Financial Reporting • Identify the key features of IFRS 9 , Relevant Transit Issues and associated Challenges • Discuss the New Standards, Amendments and Interpretations Effective 2014 - 2015 • Highlight the Role of XBRL in Web Based and Regulatory Reporting • Have some knowledge of the Implications of the Financial Reporting Council Act of 2011 PAPER 1 EMBEDDING IFRS IN ORGANISATIONS
Content • Overview Of Stages in IFRS Conversion • Causes of Fractured IFRS Implementation • Issues in Embedding IFRS • Challenges of Embedding IFRS • Enduring Strategies for Embedding IFRS • Recommendations • Case Study
PAPER 3 IFRS AMENDMENTS AND INTERPRETATIONS EFFECTIVE 2014 AND 2015 Content
• Overview of IFRS due process • Overview of IFRS projects • Accounting and financial Reporting
Requirements of IFRS Amendments/Interpretations Effective 2014 and 2015
• Managing the Impact of IFRS 9 Adoption • Impact of IFRS Amendments on the
Financial Reporting Supply Chain • Recommendation for Parties in the
Financial Reporting Supply Chain • Case study
PAPER 2 IFRS 9: REQUIREMENTS, TRANSITION AND APPLICATION Content
• The Accounting and Financial Reporting Requirement of IFRS 9
• From IAS 39 to IFRS 9: the Major changes • Managing the Impact of IFRS 9 adoption • Recommendations for Parties in the
Financial Reporting Supply Chain • Case study PAPER 4 DEPLOYING XRBL FOR ENHANCED FINANCIAL REPORTING Content
• The Nature, Mechanisms, uses and Benefits Of XBRLS
• Framework for National Deployment of IFRS
• Challenges in XBRL Adoption in Nigeria • XBRL and Accountants: Opportunities and
Implications • Recommendations • Case Study
OLAWOYE OLANIYI OLAITAN (22005) – Abuja MCPE is one of the most interactive, educating and enlightening programmes
26
THEME 4
GAINING COMPETITIVE ADVANTAGE THROUGH SOCIAL MEDIA AND e-COMMERCE
SYNOPSIS Social media as a means of on-line interactions has now become a vehicle for e-commerce. It helps to reach out to clientele on a personal level in real time, thus enabling organisations to be nimble in enhancing their products and services.
Learning Outcomes
At the end of the session, participants should be able to: • Discuss the Social Media and e-Commerce Concept • Distinguish between e-Commerce and e-Business • Evaluate Market Conditions and Determine Competitive Dynamics • Leverage Social Media for Competitive Advantage • Identify Risk and Challenges in the use of Social Media
PAPER 1
UNDERSTANDING THE VIRTUAL MARKET Content • Overview of Virtual Market • Market Segmentations • Identifying the Market Dynamics • Competitors’ Analysis • Developing Strategy
PAPER 3 IMPACT OF SOCIAL MEDIA AND e-COMMERCE ON BUSINESS Content • Nature and Business Power of Social
Media and the e-Commerce • Types of Social Media • Benefits of Social Media and The e-
Commerce • Examples of Top Organisations using
Social Media and e-Commerce for Differential Advantage
PAPER 2
OPTIMISING COST REDUCTION STRATEGIES Content • What is cost focused strategy? • Critical Evaluation of Cost Focused
Strategy • Identifying Areas Where Cutbacks
can be Made
PAPER 4 MANAGING THE CHALLENGES OF SOCIAL MEDIA & e- COMMERCE Content • Risks and Challenges of using Social
Media and e-Commerce • Managing the Risks and Challenges of
Types Of Social Media • Examples of how Top Organisations
Mitigate Risks of using Social Media and e-Commerce
OJO EMMANUEL OLUMIDE-(32302)- Lagos MCPE Seminars has positively affected my job functions, broaden my knowledge and understanding professionally
27
ACCOUNTANCY, AUDIT & INSOLVENCY SECTOR
SYNOPSIS
Current developments in Audit and Accounting has made it imperative for the Chartered Accountant to update his knowledge and skills set to cope.
The 2014 topics for this sector have been specially selected to provide information for participants which will sharpen their knowledge and skill and be able to meet current and future needs of stakeholders.
Topic 1
MANAGING CREDITORS IN INSOLVENCY PROCEEDINGS
Learning Outcomes At the end of this session, the participants should be able to:
Topic 2 AUDITING IFRS FINANCIAL STATEMENTS: ISSUES AND CHALLENGES Learning Outcomes
At the end of this session, the participants should be able to:
• Explain the Nature and Key Constituencies of Creditors;
•
Explain the Process Involved in IFRS Conversion
• Discuss the Legal Rights of various Classes of Creditors
• Identify the Complex areas in the Preparation of Financial Statements
• Develop Skills for Managing the under IFRS Process and Dynamics of Creditor and
Creditor Committee Meetings • Identify the Risk Areas when Auditing
an IFRS Compliant Financial Statement • Identify Key Problem Areas and Emerging Challenges Content • Audit Review of IFRS Conversion Content Process • Nature and Range of Creditor • Complex Areas in Financial Reporting Constituencies – Financial Instruments, Employee • Process and Dynamics of Creditor and Benefits, Fair Value Measurement, Creditor Committee Meetings Deferred Taxation, Actuarial Valuation • Structuring and Negotiating Creditor etc Settlement and Workout Transactions • Key Risk Areas in Auditing IFRS • Challenges and Suggested Solutions Financial Statements • Case Study • Auditors Approach to Solving
Identified Complex Areas • Case Study
EZE, CHRISTIAN C. (30351) – Ilorin MCPE has exposed me to the modern realities and developments in accounting field
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Topic 3
INTEGRATED REPORTING – THE FUTURE OF CORPORATE REPORTING
Learning Outcomes
At the end of the session, participants should be able to:
• Explain the Concept of Integrated
Reporting • Identify the Key Components of Integrated
Reporting • Identify the Pace of Global Adoption of
Integrated Reporting • Evaluate the Essence of the International
Integrated Reporting Framework
Content
• Overview of Integrated Reporting • Structure, Objectives and Framework of
International Integrated Reporting Council (IIRC)
• Objective and Importance of Integrated Reporting
• The Content Elements of Integrated Reporting (5 Guiding Principles and 6 Content Elements)
• Draft International Integrated Reporting Framework
• Building the Business Case for Integrated Reporting
• The South African Experience
MURITALA BAMIDELE OKUNADE-(7144), Abuja MCPE seminars has enhanced my professional skills extensively
Topic 4 INTERNAL AUDIT AND CORPORATE GOVERNANCE – BENCHMARKING FOR BEST PRACTICES Learning Outcomes At the end of the session, participants should be able to: • Discuss the Framework of Corporate
Governance • Explain the Role of Internal Audit in
Corporate Governance • Identify the Various Approaches to
Corporate Governance and Global Best Practices
• Conduct Corporate Governance Benchmark
Content
• Overview of Corporate Governance • The Role and Relevance of Internal
Audit in Corporate Governance • Approaches to Corporate Governance • Global Best Practices • Benchmarking the Nigerian Codes • Case study
29
BANKING SECTOR
SYNOPSIS
The Nigerian Banking Sector has gone through a drastic restructuring process since 2009. The 2014 MCPE Programme of the Banking Sector is designed to educate participants on some of the key dynamic issues in the sector. These include Financial Risk Management, Financial Inclusion Programme and Foreign Exchange Management.
Topic 1
RISK MANAGEMENT AND EMERGING ISSUES IN THE BANKING SECTOR
Learning Outcomes At the end of the session, participants should be able to: • Discuss the Concept of Risk • List the Techniques of Identification,
Assessment and Treatment of Risk • Develop the Process of Creating a Risk
Management Plan • Recognise the Emerging Issues Involved
Content • Risk Management Framework and its
Process • Risk Management Implementation (CBN
Prudential guidelines , Basel II) • Regulatory Issues (Global and local
Perspectives) • Emerging Issues in the Banking Industry • Case study
Topic 2 RISK MANAGEMENT OF DERIVATIVES USED IN THE DEBT AND EQUITY MARKET Learning Outcomes At the end of the session, participants should be able to:
• Discuss Derivatives used in Debt and Equity Markets
• Identify Approaches to Financial Risk Management
• Conduct Valuation of Derivatives • Identify Regulatory Issues and Actions Content
• Overview of Derivatives used in the Debt and Equity Markets
• The Concept and Approaches of Financial Risk Management
• Valuation of Derivatives and Risk Measurement
• Managing Financial Risks using Derivatives
• Regulatory Concerns and Actions • Case study
OFFRE, LIVINUS ODU (32230)- Calabar Current issues and intricacies are brought up and discussed during MCPE programmes
30
Topic 3 Topic 4
ISSUES IN FOREIGN EXCHANGE (FX) MANAGEMENT IN NIGERIA
Learning Outcomes
At the end of the session, participants should be able to:
• Discuss the Nigerian FX Market • Explain the FX Trading Process • Identify the Inherent Risks in FX Trading • Identify FX Regulatory Issues and
Development in the FX Market
Content
• Overview of FX Management in Nigeria • Operational Issues for FX Trading (FX
Movement and Volatility) • Controls, Regulatory Issues and Risk
Management • FX Fraud, Round Tripping and the
Auditors • Case Study
NATIONAL FINANCIAL INCLUSION PROGRAMME: e-BANKING AND e-MONEY RISKS Learning Outcomes At the end of the session, participants should be able to: • Discuss Financial Inclusion, Electronic
Banking and Electronic Money Activities • Identify and Analyse the Associated Risks • Explain the regulatory framework for
e-money/banking • Discuss the Management of the Risks
Involved Content
• Overview of Financial Inclusion, • e-banking and e-money • Identification and Analysis of the Risks in
Electronic Banking and Electronic Money Activities
• Risks to the Banking Public • Managing the Risks Including Cross
Border Issues • Case Study
CHUKWU ABRAHAM BASSEY - (20322) Port-Harcourt MCPE seminar creates awareness on the need for high display of ethical standards
31
• Discuss various Types of Investment and Non-Investment Linked Policies
•
Examine the Revised Investment
• Identify Practical Lessons from the Peculiar Challenges of IFRS
•
Guidelines Identify the Qualifying Assets and
Implementation in the Insurance Industry Evaluate The Risks And Benefits •
to Inform Strategic Financial Reporting Deal with Financial Reporting Regulatory
• Apply the Techniques of Optimising Returns on Pension Fund Portfolio
issues relating to NAICOM, FRC and Nigerian Stock Exchange
• Discuss Issues in Fund Valuation
CAPITAL MARKET & INSURANCE SECTOR
SYNOPSIS
The growth in financial services industry, advances in technology and regulations have created new opportunities and challenges for service delivery and performance reporting. It is therefore imperative for market participants to understand the dynamics of investing in the market.
The 2014 topics have been designed to address the foregoing issues. Topic 1
IFRS IMPLEMENTATION FOR INSURANCE INDUSTRY- PRACTICAL ISSUES
Learning Outcomes
At the end of the session, participants should be able to:
Topic 2 ASSET MANAGEMENT AND PENSION FUNDS Learning Outcomes At the end of the session, participants should be able to:
Content
• Overview of Investment and Non- investment Linked Policies
• Unbundling of Investment Linked Policies • Valuation of Financial Assets in the
Insurance Business - Three levels of Fair Value
• Financial Instruments Disclosure • Dealing with NAICOM Queries on
Financial Instrument and Investment Linked Policies
• Case study
Content • Overview of the Proposed Amendment to
Pension Reform Act of 2004 • Revised Investment Guidelines for
Pension Funds Administration • Qualifying Asset Classes
- Infrastructural Funds/ Bonds - Private Equity Funds - Offshore Funds
• Risks and Benefits of Qualifying Asset Classes
• Optimising Returns on Pension Funds Portfolio
- Asset Allocation - Active /Passive Portfolio
Management • Issues in Funds Valuation • Case study
OLABOYE SHAIBU OLAFIMIHAN – (19644), Abuja MCPE has enhanced my approach to solving practical issues in real life
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Topic 3 Topic 4
e – INSURANCE: PROSPECTS AND CHALLENGES
Learning Outcomes
At the end of the session, participants should be able to:
• Discuss the concepts of e- Insurance,
its Applications and Benefits • Develop Internal Control Measures to
Prevent Computer/Internet Fraud • Identify Effective Measures for
Optimising e-Based Underwriting
Content • Overview of e-Insurance • Strategic and Operational Framework
for Promoting e-insurance • Capacity Building for Effective
e-Insurance • Internal Control Procedures in
e-Based Underwriting • Regulatory and Compliance
Challenges • Case study
NIGERIAN CAPITAL MARKET DIVERSIFICATION: INTRODUCTION OF DERIVATIVES (OPTIONS AND FUTURES) Learning Outcomes At the end of the session, participants should be able to:
• Describe the types of derivatives • Explain the Mechanics of Trading in
Derivatives • Identify Opportunities in Futures and
Options Content
• Overview of the Various Types of Derivatives
• Mechanics of Derivatives Market in Nigeria
• Opportunities in Derivative Trading • Risks of Derivative Instruments and
their Mitigants • Case study
OYEBODE A. OSOMO (4205)-Abuja MCPE has exposed me to current developments in audit and accounting practice
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CONSULTANCY SECTOR
SYNOPSIS
Today’s business world is globalised and complex with incessant cases of corporate failures. Corporate managers and leaders are under great pressure to meet stakeholders’ expectations and thus need focused practitioners to help improve performance.
The 2014 Consultancy topics are designed to provide support for consultants and other professionals who aspire to become consultants to build strong practices and acquire the necessary skills to add value to clients. Topic 1 Topic 2
PROJECT MANAGEMENT
Learning Outcomes
At the end of the session, participants should be able to: � Plan, Execute, Evaluate and Close Projects � Discuss the Process and Key Issues in PM � Identify and Manage interpersonal and
Behavioural Issues in Project Management
� Manage Challenges in PM
Content � Overview of PM � Project Management Cycle and Methods � Key Concerns in PM: Cost, Quality and
Time � Developing a Project Work-Plan
(Timelines, Deliverables , Activities) � Project Coordination and Monitoring � Behavioral and Interpersonal Issues in PM � Conclusion � Case study
DESIGNING HR POLICIES & PROCEDURES
Learning Outcomes
At the end of the session, participants should be able to:
� Distinguish between HR Policies and Procedures
� Formulate HR Policies and Procedures � Design key HR Procedures and Specific
HR Policies � Evaluate the Key Challenges in Designing
HR Policies and Procedures Content
� Overview of HR Policies and Procedures
� Formulating HR Policies � Designing key HR Procedures � Challenges in Implementing HR
Policies and Procedures � Case study or Exercise
AJAYI BABATUNDE (21275)- Lagos MCPE has immensely enhanced my job evaluation and decision making
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Topic 3 Topic 4
BUILDING A THRIVING CONSULTANCY PRACTICE
Learning Outcomes
At the end of the session, participants should be able to:
� Identify How to Establish a Thriving
Consultancy Practice � Identify the Critical Success Factors,
Skills, and Pitfalls in Consultancy � Develop a Viable Business Model and
Performance Management System � Market Products and Manage Client
Relationships Effectively
CHANGE MANAGEMENT – THE ROLE OF THE CONSULTANT Learning Outcomes At the end of the session, participants should be able to: � Explain the nature and process of change � Successfully initiate and manage change � Handle the practical issues in change
management � Identify and manage the ever-present
resistance to change
Content
Co �
ntent
� Overview of the Change Management Process
Overview of Consulting And The
� The Consultant as a Change Agent: Roles, Responsibilities and Critical Success
�
Consultancy Process Business Plan, Strategy and Model
�
Factors (CSF) Practical Issues in Change Management
� � �
Consultancy: Skills, Attitudes, Critical Success Factor (CSF) and Pitfalls Marketing and Client Relationship Management Performance Management System In
� �
�
Managing and Minimising Resistance Change Management: Critical Success Factors and Red Flags Communication and Change Management
Consulting � Case study
OKONNAH EZEKIEL ASUQUO-(23066) - Lagos MCPE seminar is always a forum to find solution to practical challenges encountered in the workplace.
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GENERAL MANAGEMENT PRACTICE SECTOR
SYNOPSIS
The complexities of today’s workplace is such that individual skills alone cannot cope, thereby necessitating collaborative and team efforts. However, team effort is hardly ever achieved without occasional conflicts.
Consequently, the GMP Sector in 2014 seeks to expose members to the broad managerial and leadership skills necessary to enhance individual performance and ultimately, the organisational goals.
Topic 1 Topic 2
MANAGING TEAM MEMBERS
Learning Outcomes
At the end of the session, participants should be able to:
� Define the Concept of Team � Identify Difficult Team Members � Create conditions for Optimal Team
Performance � Design ways to Work with Difficult Team
Members
Content � Overview of Team Work � Team Members: Who are they? � Issues in People Management � Conditions for Optimal Team
Performance � Managing Difficult Team Members for
Better Performance � Case Study
PERFORMANCE AND TALENT MANAGEMENT
Learning Outcomes
At the end of the session, participants should be able to: � Define Performance and Talent
Management � Develop Strategies to Identify Talents in
the Workplace � Discuss Keys to Effective Conduct of
Performance Management � Discuss the Role of Motivation,
Commitment and Satisfaction in Talent Management
Content � Overview of Performance and Talent
Management � Talents Identification in the Workplace � Employee’s Performance Management � Learning and Development in Talent
Management � Role of Motivation, Commitment and Job
Satisfaction in Performance � Effect of Structure and Culture on
Organisational Performance � The G.R.E.E.N. Approach � Case Study
ELENDU UZOMA ELENDU-(25336) - Warri MCPE has helped my performance as an accountant and increased my knowledge of various aspects of accountancy and taxation
36
Topic 3 Topic 4
DEVELOPING LEADERSHIP COMPETENCIES
Learning Outcomes
At the end of the session, participants should be able to:
• Apply the Theories of Human Motivation
in Carrying out Leadership Duties • Identify Leadership styles and
philosophies • Develop the Skills Acquired to Build an
Effective Workforce
Content
• Concept of Leadership • Leadership vs. Management • Emotional Competence and Self Control
Technique • Leadership Styles and Theories • Leadership Competencies in the 21st
Century • Case study
CONFLICT AND RELATIONSHIP MANAGEMENT Learning Outcomes At the end of the session, participants should be able to: � Explain Conflict and its Impact on Work
Performance. � Differentiate between Functional and
Dysfunctional Conflict � Discuss the Conflict Management Models � Describe the Strategies for Conflict
Management � Appraise customer/Clientele Relationship
Management Content � Conflict Definitions � Types, Levels and Implications of Conflict
in the Workplace � The Conflict Management Models � Styles of Conflict Management � Strategies for Managing Workplace
Conflict � Customer/Clientele Relationship
Management � Case study
ODIWANKPA EMEKA NELSON-(27929)- In House MCPE training is detailed, informative, interactive and offer new knowledge, ideas and experience
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INFORMATION TECHNOLOGY SECTOR
SYNOPSIS
Information Technology (IT) is essential in the management of human and material resources. It is therefore Imperative that professional accountants acquire relevant and contemporary skills to address current and future challenges associated with IT and financial reporting.
The 2014 ICAN MCPE topics are therefore designed to provide insight into areas that will assist Chartered Accountants to excel in the workplace.
Topic 1 Topic 2
SOFTWARE EVALUATION FOR IFRS COMPLIANCE
Learning Outcomes
At the end of the session, participants should be able to:
• Recognise the Relevance of Software
Tools under IFRS • Evaluate Software Packages useful for
IFRS Compliance Reporting • Apply Software Packages in Financial
Reporting under IFRS Transitioning Process
Content • Implications of IT under IFRS • Framework for Evaluating Software
Tools for Financial Statement Preparation under IFRS
• Systems Issues and Challenges Under IFRS
• Benefits of Software Tools for Financial Reporting Under IFRS
• Case Study
MOBILE PAYMENT SYSTEMS (MPS) AND BRING YOUR OWN DEVICE (BYOD): RISKS AND REWARDS Learning Outcomes At the end of the session, participants should be able to: • Recognise Technologies Associated with
MPS and BYOD • Identify the benefits of BYOD and MPS • Appraise Corporate Policies for Effective
implementation of BYOD and MPS • Evaluate Security Risks of BYOD and MPS Content • BYOD and MPS: Definitional Frameworks • Overview of Technologies Supporting
BYOD and MPS • Security Issues Associated with MPS and
BYOD • Strategies for Managing the Risks
Associated with BYOD and MPS • Benefits of MPS and BYOD to the
Accountant • Case Study
OSUCHUKWU KELECHI .I. (30977) - Port Harcourt MCPE in no small measure is very interesting and highly educative especially on current accounting issues.
38
Topic 4 Topic 3
CYBER WARFARE (CW): IMPLICATIONS FOR SAFE FINANCIAL REPORTING
Learning Outcomes
At the end of the session, participants should be able to:
• Identify CW technologies • Recognise the Risks Posed by CW • Evaluate Corporate Policies Regarding
CW Initiatives • Identify CW Risks in Electronic Financial
Reporting • Appraise Hacker Activities and Develop
Anti-Hacking Mechanisms for Safe Computing
Content
• Cyber Warfare: Technologies, Principles, and Techniques of Attacks
• Cloud Computing; benefits and Risks • Cyber Warfare Tools • Hacker Attacks and Countermeasures • Effects of Cyber Attacks on e-Financial
Reporting • Benefits of Implementing Anti-Hacker
Techniques to the Accountant • Case study
DISRUPTIVE TECHNOLOGIES (DT): IMPACT ON LIFE, BUSINESS AND THE GLOBAL ECONOMY Learning Outcomes At the end of the session, participants should be able to: • Recognise and Appraise Disruptive
Technologies • Identify the Impact of DT on Business and
the Global Economy • Identify the Challenges Posed by DT • Evaluate Global Benefits of DT • Develop Strategies for Responding to the
Effects of DT Content
• Overview of Disruptive technologies and innovation
• Analysis of Disruptive Technologies - Advanced Robotics - Autonomous/near Autonomous
Vehicles - Next Generation Genomics - Mobile Internet - Automation of Knowledge Work - 3D Printing - Advanced Materials - Energy Storage etc
• Potential Economic Impacts Of Disruptive Technologies
• Influence of Disruptive Technologies on the Society, Business and Economies
• Case study
INEGEBNEBOR MICHAEL-(24114)- Port Harcourt MCPE seminar has improved my service delivery to my organisation
39
MANUFACTURING SECTOR
SYNOPSIS The Nigerian manufacturing sector continues to face daunting challenges such as policy inconsistencies, weak infrastructure and fierce global competition. An additional challenge is the proposed adoption of a Common External Tariff (CET) by ECOWAS.
The 2014 MCPE topics are designed to redefine and enhance the skills of members. Improve their awareness of regulatory changes that impact manufacturing in order to ensure continuous improvement in service delivery and competitiveness.
TOPIC 1
PREPARING FOR ECOWAS COMMON EXTERNAL TARIFF (CET)
Learning Outcomes
At the end of the session, participants should be able to:
• Discuss the New ECOWAS Common External
Tariff • Evaluate the Financial Implications for
Nigeria Manufacturing Companies • Discuss The Advantages and Disadvantages
Of A Single Tariff Regime for ECOWAS Trade Block
• Identify Available Survival Strategies
Content
TOPIC 2 TARGET COSTING: AN EFFECTIVE COMPETITIVE PRICING TOOL Learning Outcomes At the end of the session, participants should be able to: • Discuss the Concept of Target Costing • Design Competitive Pricing Strategy using
Target Costing • Evaluate the Practical Issues in Target
Costing • Explain the Benefits of Target Costing Content
• •
Synopsis of ECOWAS Common External Tariff Implications of CET for Nigerian
• • •
Overview of Target Costing Target Costing Process, Tools and Techniques Benefits of Target Costing
manufacturing Industry • Implementation of Target Costing • ECOWAS Trade Defense Regulations • Managing the Challenges • Advantages and disadvantages of ECOWAS
CET • Case Study
• The way forward • Case Study
MADUBUKO OKWUDILI INNOCENT (21734) – Owerri MCPE seminar has kept me abreast of changes in the accounting field
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TOPIC 3
MANUFACTURING PLANNING AND CONTROL FOR SUPPLY CHAIN MANAGEMENT (SCM)
Learning Outcomes
At the end of the session, participants should be able to:
• Explain the Concepts of Planning and
Control in Manufacturing • Identify the Need for Effective
Manufacturing Planning and Control • Use Supply Chain Planning and Control
Best Practices for Competitive Advantage • Discuss the Importance of Technology in
SCM
Content
• Overview Of Manufacturing Planning And Control Concepts
• Best Global Practices In Manufacturing Planning and Control
• Optimizing Supply Chain Processes for Economic Advantage
• Application of Technology in SCM • Case Study
TOPIC 4 STRATEGIC RESOURCE PLANNING AND ALLOCATION IN MANUFACTURING ENVIRONMENT Learning Outcomes At the end of the session, participants should be able to: • Discuss Strategic Resource Allocation and
Utilization in Manufacturing • Describe Efficient Resource Planning and
Allocation • Explain Quantitative Techniques for
Planning And Effective Resource Allocation
• Use Shortest Route and Maximal Flow Network Models
Content
• Overview of strategic Resource Allocation and Utilization
• Approaches to Planning and Resource Allocation
- Short/Medium/Long Term - Capital Rationing/Capital
Budgeting - Linear Programming
• Efficient Resource Planning and Allocation Using Quantitative Techniques
• Project Prioritization and Execution • Make or Buy Decisions Modeling
Techniques • Case Study
GEORGE ADEWUNMI ILORI-(3171) – Ibadan At every seminar there are always new things to be learnt concerning the development in the profession.
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PETROLEUM & ENERGY SECTOR
SYNOPSIS
Petroleum & Energy remains the dominant sector of the Nigerian economy. Due to the ongoing reviews of the laws and structures governing the operations of the Petroleum and energy industry, there are emerging issues that impact on the continued growth of the industry.
The 2014 MCPE for the Petroleum and Energy sector is therefore to enhance the knowledge of participants to appropriately respond to these emerging issues.
Topic 1
OPERATIONAL AND FINANCING ISSUES IN THE MARGINAL FIELD SEGMENT OF NIGERIAN OIL INDUSTRY
Learning Outcomes
At the end of the session, the participants should be able to:
• Describe the Fiscal Regime in the Marginal
Field Sector • Discuss the Emerging Opportunities in the
Marginal Field Sector • Explain the Operational and Financing
Issues in the Sector • Apply various Finance Options to Solving
The above Issues.
Content • Marginal Fields in Nigeria – The Story from
2003 • Local Content Issues in Marginal Field
Operations • The Challenges of Developing Marginal
Fields in Nigeria – Operational, Investment and Financing Issues
• Funding Exploration Activities and the Role of Banks and Other Financial Institutions
• Case study
Topic 2 PROJECT FINANCING IN THE UPSTREAM PETROLEUM AND ENERGY INDUSTRY: CHALLENGES, STRATEGIES AND OPTIONS Learning Outcomes At the end of the session, the participants should be able to: • Highlight the Trends in the Petroleum and
Energy Industry • Discuss The Basics Of Project Financing For
Large Scale Infrastructure Projects • Develop Bankable Petroleum and Energy
Projects • Explain the Advantages and Limitations of
Project Financing • Describe the Tools that are Available for
Mitigating Risks in Project Financing Content • Industry Overview • The Mechanics of Upstream Petroleum and
Energy Financing • Typical Project Financing Sources and
Structures in the Upstream Petroleum Industry
• Risks & Protection Tools for Petroleum and Energy Projects
• Case study
KAREEM M. KOLAWOLE-11095- Ibadan MCPE training are value added programmes
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Topic 3
TAXATION IN THE PETROLEUM (UPSTREAM) SECTOR: OPPORTUNITIES & CHALLENGES
Learning Outcomes
At the end of the session, the participants should be able to:
• Describe The Fiscal Regimes in the
Upstream Petroleum And Energy Sector • Enumerate the Various Type of Contracts
and Leases in the Industry • Summarise the Tax Incentives in the
Industry • Discuss Key Taxation and Fiscal Matters
Arising From the Proposed Petroleum Industry Bill
• Describe the Challenges of Oil and Gas Companies in the Application of Petroleum Profit Tax in Nigeria
Contents
• Overview of taxation in Nigeria’s Petroleum and Energy industry
• Taxation and Fiscal Regimes in thePetroleum and Energy Industry
• Forms of Contracts and Leases – Tax Impact
• The Petroleum Industry Bill – Matters Arising
• Opportunities and Challenges in the taxation of upstream business.
• Case Study
Topic 4 APPLICATION OF IFRS IN THE POWER SECTOR Learning Outcomes At the end of the session, the participants should be able to: • Explain the Development in the Power
Sector • Discuss The Accounting and Reporting
Issues in the Nigerian Power Sector • Relate With The Benefits of IFRS Adoption • Discuss Opportunities And Challenges of
IFRS Adoption in the Power Sector Contents • Overview of the Power Sector • Recent Developments in Nigeria’s Power
Sector • Key IFRS issues:
- Property, Plant and Equipment - Leases and Service Concessions - Impairment of Non-Financial
Assets - Decommissioning costs - Financial Instruments - Revenue Recognition
• Opportunities & Challenges of IFRS Adoption in the Power Sector
• Case Study
ORIOKE OMOLARA RACHEAL-(35551) - Ibadan The seminar has positively imparted me in the discharge of my duties
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PUBLIC SECTOR ACCOUNTING
SYNOPSIS
To meet the challenges of development and achieve national priorities stated in vision 20:2020; Nigeria embarked on several reforms in the public sector financial management. To be relevant under these reforms, the public sector accountant must seek knowledge and skills relevant to the new areas.
The 2014 ICAN MCPE has been crafted to meet the challenges occasioned by these reforms.
Topic 1
IMPERATIVE OF IT ON IPSAS IMPLEMENTATION IN NIGERIA
Learning Outcomes
At the end of the session, participants should be able to:
• Describe the Roadmap for
Implementation of IPSAS • Identify the Various Steps and Issues in
IPSAS Implementation • Discuss the Importance of IT in IPSAS
Implementation • Design IPSAS Implementation Strategies
Content
Topic 2 TRANSPARENCY AND ACCOUNTABILITY IN FINANCIAL MANAGEMENT THROUGH IPSAS Learning Outcomes At the end of the session, participants should be able to: • Explain the Dynamics of IPSAS
Implementation • Discuss the Political and Economic
Significance of IPSAS Implementation • Critique the Road Map For IPSAS
Implementation
• Overview of the Roadmap of IPSAS Implementation
Content
• Introduction to IPSAS • Key Consideration for IPSAS
Implementation: - National chart of Account (NCOA)
•
•
Global Adoption of IPSAS – The Nigerian Experience Benefits of IPSAS Implementation
- Treasury single Account - Transparency and Accountability • •
IT Requirements for Effective IPSAS Implementation Challenges and Solutions
•
- Reduction in Government Expenditure etc.
Impact on the Stakeholders • Case study •
• Critical Success Factors Case study
ABIMBOLA ALAYANDE-(34648) EMCPE, Lagos EMCPE seminar provides opportunity for continuous self development and updating of knowledge on regular basis
44
Topic 3 Topic 4
CONVERSION PROCESSES FROM CASH TO ACCRUAL BASIS OF ACCOUNTING UNDER IPSAS
Learning Outcomes
At the end of the session, participants should be able to:
• Differentiate Between Cash and Accrual
Basis IPSAS • Describe the Steps in Conversion from
Cash to Accrual Basis IPSAS • Design a Conversion Strategy/Plan
Content • Overview of IPSAS 1 • Disadvantages Cash Basis IPSAS • Benefits IPSAS Accrual Basis. • Conversion Processes
- Current GAAP to Cash IPSAS - Cash to Accrual IPSAS
• Case Study
INFRASTRUCTURE FINANCING IN NIGERIA: CHALLENGES AND PROSPECTS Learning Outcomes At the end of the session, participants should be able to: • Review the Constraints of Public
Infrastructure Financing • Discuss Infrastructure Financing Options
in Nigeria • Propose Optimum Solutions for the
Various Tiers of Governments Content
• Overview of Infrastructure Financing • Public Capital Budget and Infrastructure
Dev. • Rationale and Structuring Options for PPP
Projects • Developing Bankable Infrastructure
Projects • Sources of Long Term Finance
- Leveraging pension and insurance funds
- Credit syndication from development finance banks
- Domestic and Euro Bond Market - Sukuk (Islamic) Bond
• Case Study
FRANKA INOK-(26633)- EMCPE, Lagos MCPE seminar has continued to challenge me professionally
45
TTAAXX PPRRAACCTTIICCEE SSEECCTTOORR
SYNOPSIS
As the government continues its drive to increase non-oil revenue, there is an increasing focus on taxation. The fiscal landscape is changing rapidly with new tax laws and regulations.
The topics for 2014 Tax Practice Sector have been designed to update the knowledge of participants and equip them with relevant skills to respond to emerging challenges.
Topic 1 Topic 2
IMPLEMENTATION OF TRANSFER PRICING REGULATIONS IN NIGERIA: KEY ISSUES AND CHALLENGES
Learning Outcomes
At the end of the session, participants should be able to:
TAX RETURNS UNDER IFRS REGIME: KEY CONSIDERATIONS FOR LARGE AND MEDIUM-SIZED BUSINESSES Learning Outcomes At the end of the session, participants should be able to:
• Outline the Key Requirements of the Transfer Pricing Regulations in Nigeria
• Identify Key IFRSs that have Impact on Tax Returns
• Describe the Concept of Base Erosion And Profit Shifting (BEPS) and the OECD Plans
• Compare Tax Filing Obligations under NGAAP with IFRS
to Address BEPS • Describe the Procedures for Preparation • Determine the Transfer Pricing and Filing of Tax Returns under IFRS Compliance Obligations • Discuss the Possible Compliance • Identify the Possible Implementation Challenges and Solutions Challenges • Articulate the Strategies for Resolving Contents
Transfer Pricing Disputes
Contents
• Overview of Nigeria Transfer Pricing Regulations, 2012
• Overview of Transfer Pricing Methods • Base Erosion and Profit Shifting (BEPS) • Implementation and Compliance
procedure • Transfer Pricing Documentation and Tax
Returns • Transfer Pricing Agreements, Mutual
Agreement Procedures and Dispute Resolution
• Case Study
• Tax Return Requirements under the Relevant Laws
• Overview Of FIRS Information Circular on Tax Implications Of IFRS Adoption
• First and Subsequent Returns Considerations
• Tax Disclosure Requirements • Challenges and Possible Solutions to
Preparing Tax Returns Under IFRS Regime
• Case Study
JOY VICTOR-NAWOMI (26613)- CPE The seminar has helped me to understand my self better, It gives new insight into some government policies and happenings in the economy
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Topic 3 Topic 4
TAX IMPLICATIONS OF E-COMMERCE AND TECHNOLOGY BASED SERVICES
Learning Outcomes
At the end of the session, participants should be able to:
• Describe the Nature of e- Commerce
Transactions • Discuss the Key Taxation Challenges Of e-
Commerce • Identify the Gaps in the Nigerian Tax
Laws Associated With e-Commerce • Explain the Possible Solutions to the
Challenges Associated with Taxation of e-Commerce
Content
• Overview of e-Commerce and Information Technology Based Services
• Taxation of e-Commerce and Technology Based Services
• Gaps in the Nigerian Tax Law and Associated Challenges of e-Commerce
• Possible Solutions for Taxpayers and Tax Authorities
• Case study
POWER SECTOR REFORM: TAX CONSIDERATIONS FOR KEY STAKEHOLDERS Learning Outcomes At the end of the session, participants should be able to: • Determine the Critical Components of the
Power Sector Reform in Nigeria • Appraise the Tax Implications of the
Reform • Identify the Tax Implications of Different
Financing Options • Identify the Prospects, Challenges and
Possible Solutions on Taxation in the Sector
Content • An Overview of the Roadmap for Power
Sector Reform and other Key Considerations
• Tax Considerations for the various Stakeholders
• Tax Implications of different Financing Options
• Peculiar Tax Challenges and Incentives in the sector
• Case study
ADEBAYO, ISAAC ADEOYE (11841) – In-house I have become a better person professionally at my office, at home and in my personal life
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Telecoms Revenue
• Describe the Framework for Capacity Transactions
• Identify Major Revenue Streams in the Telecoms Industry
• Identify Major Cost Elements for Telecoms Operators
• Analyse the Treatment and Impact of • Evaluate the Benefits of Different Decommissioning Cost as it relates to PPE Outsourcing Strategies • Recognise Telecoms Value Driver • Develop Strategies for Cost Savings and
Profitability Enhancement in Telecoms
Co
ntents Operations
other customer incentives • Revenue recognition in Telecoms sector
•
Data Services Maximising Revenue using Appropriate
• The framework for capacity transactions (Lease transactions and disclosures)
• Accounting treatment for telecom decommissioning cost.
•
•
Product Mix and Bundled Services Cost Elements, Cost Assumptions and Saving Strategies in Telecoms Operations Profitability Indices in Telecoms
• Value Drivers : Operation - Subscribers Activities Acquisition, • Outsourcing and Co-Sourcing Strategies
churn • Case study - ARPU
TELECOMMUNICATIONS SECTOR
SYNOPSIS
With increasing competition and shrinking margins in the Telecoms Industry, operators are forced to review and develop new strategies to ensure survival and profitability. The continued innovation and deployment of new technologies by operators require effective governance and control to ensure efficient use of infrastructure, improved revenue, profitability, service quality and financial reporting.
The 2014 MCPE program has been structured to provide participants with the requisite knowledge that drive today’s telecoms operations and the Key Success Factors (KSFs) in managing them for maximum profitability. Topic 1
ACCOUNTING AND FINANCIAL REPORTING IN THE TELECOMMUNICATIONS INDUSTRY
Learning Outcomes
At the end of the session, participants should be able to:
• Identify Key Issues in Accounting for
Topic 2
OPTIMISING REVENUE AND PROFITABILITY IN THE TELECOMS INDUSTRY Learning Outcomes At the end of the session, the participants should be able to:
• Conceptual Framework for Financial reporting
• Accounting for loyalty programs and
Contents
• Maximizing Revenue from Data and Non-
- EBITDA - Network Performance - Financial Performances , etc
• Case study
EZE, CHRISTIAN C. (30351) – Ilorin MCPE has exposed me to the modern realities and developments in accounting field
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. Topic 3 CURRENT DEVELOPMENTS IN TELECOMS LANDSCAPE: IMPLICATIONS FOR AUDITORS AND ACCOUNTANTS Learning Outcomes At the end of the session, participants should be able to: • Enumerate Current Advancements in the
Telecoms Landscape • Analyse Impact of New Technologies on
Current Accounting Practices • Evaluate Inherent Risks in the
Implementation of the New Technologies
Contents
Topic 4 AUDIT, SECURITY AND GOVERNANCE OF TELECOMS INFRASTRUCTURE Learning Outcomes At the end of the session, participants should be able to: • Recognise what Telecoms Infrastructure are • Identify Security Issues in Telecoms
Networks and Infrastructure • Describe Telecoms Operations from the
Perspective of Governance • Explain Auditing Techniques for Telecoms
Operations• • •
Evolution of Telecoms Industry Recent Technological Advancements Risk Analysis of New Technologies
Contents
• •
Accounting and Audit Implications of Technological Advancements in Telecoms Case study
•
•
Overview and Nature of Telecoms Infrastructures Infrastructure Life Cycle Management
• Hardware and Software Acquisition And Maintenance Best Practices • Auditing Telecoms Infrastructure Governance, Network Infrastructure Security, Environmental Exposure and Control • Security Policy and Procedures, Logical and Physical Access Controls • Outsourcing Practices and Strategies • Case Study
ADENIGBA ADEBOWALE ROTIM I(23543) In –house I got exposed to recent developments in the accounting profession and global event
