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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

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Contents

Page

1. ICAN Vision and Mission Statements……………………………………………………………………………………………. 1

2. Table of Content ………………………………………………………………………………………………………………………… 2

3. MCPE Objectives, MCPE Philosophy, Why MCPE?………………………………………………………………………… 3-4

4. Introduction………………………………………………………………………………….……………………………………………. 5

5. Review of the year 2011 Programme…………………………………………………………………………………………… 5

6. In-House Seminars…………………………………………………………………………………………………………………….. 6

7. Thrust of the Year 2012 Programme……………………………………………………………………………………………. 6

8. MCPE Credit Hours Requirements……………………………………………………………………………………………….. 6-7

9. MCPE Compliance & Sanctions…………………………………………………………………………………………………….. 7

10. Accreditation of Seminars/Workshops………………………………………………………………………………………… 7-8

11. Duration & Fees………………………………………………………………..………………........................................................... 8-9

12. Method of Payment……………………………………………………………………………………………………………………... 9

13. Cancellations & Transfers, Enquiries ……………………………………………….………………………………………… 9

14. Seminar Dates, Zones, Sectors & Locations…………………………………………………………………………………… 10

15. Continuing Professional Education (CPE) Seminar Dates……………………………………………………………… 11

16. Executive Mandatory Continuing Professional Education (EMCPE) Seminar Dates………………………… 12

17. Topic Specific Programme…………………………………………………………………………………………………………… 13

18. I Intensive IFRS Conversion Training …………………………………………………………………………………………… 14

19. Executive CPE (Offshore Retreat for Professionals)……………………………………………………………………… 15

20. Accountancy and Audit/Insolvency Sector …………………………………………………………………………………. 16-17

21. Banking Sector…………………………………………………………………………….............................................................. 18-19

22. Capital Market and Insurance Sector …………………………………………………………………………………………… 20-21

23. t Consultancy Sector……………………………………………………………………………………………………………………… 22-23

24. General Management Practice Sector ………………………………………………………………………………………….. 24-25

25. Information Technology Sector ………………………………………………………………….……………………………….. 26-27

26. Manufacturing Sector………………………………………………………………………………………………………………….. 28-29

27. Petroleum and Energy Sector …………………………………………………………………………………............................. 30-31

28. Public Sector Accounting …………………………………………………………………………………………………………… 32-33

29. Tax Practice Sector………………………………………………….…………………………………………………………………... 34-35

30. Telecommunications Sector………………………………………………………………………………………………………… 36-37

31. Continuing Professional Education (CPE)…………………………………………………………………………………….. 38-40

32. Executive Continuing Professional Education (ECPE)…………………………………………………………………… 41

33. Executive Mandatory Continuing Professional Education (EMCPE)……………….............................................. 42-45

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MCPE Objective

To continuously update the technical skills and

competencies of the Chartered Accountant

through value added training programmes

provided at minimum costs and designed to

enhance productivity and social responsiveness.

MCPE Philosophy

Continuous development of knowledge,

judgment and expertise is a fact of life in

today’s business environment.

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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.

That is the essence of MCPE.

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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 its members in line with IFAC 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 practice in management and development, 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. The structured brochure for this year covers fifteen (15) different sectors. In addition to this, an intensive training programme has been packaged to update members’ knowledge in IFRS. This intensive programme gives members hands-on knowledge about these new reporting standards. It is laced with a lot of case studies and a detailed training manual as well as a soft copy of the training materials come with the package. Also, a training programme aimed at providing required knowledge for non-accountants titled ‘accounting for non accountants’ has been prepared to help people involved in accounting work, as well as managers who need basic accounting knowledge to do their work, gain the required skills. Furthermore, a training programme which is open to members and non-members will take place in Ghana this year. The Committee, with the approval of Council, may increase these sectors as deemed fit subject to developments in the global economy.

Review of the Year 2011 Programme

The 2011 Continuing Professional Education Programme which covered diverse sectors ran from

March 30 to December 17, 2011. The continuous and extensive review carried out to make

seminars relevant and meet the needs of members and users of accounting services was 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 forty-five (45) regular seminars

were successfully conducted in fifteen (15) locations across the country as follows:

Locations MCPE CPE EMCPE

Abuja 3 - -

Lagos 20 4 3

Ibadan 2

Asaba/Benin-City, Calabar/Ilorin/ Jos/Kaduna/Kano/ Owerri/Uyo/Enugu/Warri

1 in each location

(11)

-

-

Port-Harcourt 2 - -

TOTAL 38 4 3

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2011 MCPE In-House Seminars The Institute conducted In–House seminars in the following organisations in the year 2011:

ORGANISATIONS NUMBER OF STREAMS

Chevron Nigeria Plc 1

BGL Plc 1

MTN Communications Limited 4

Nigerian Bottling Company Limited 2

PZ Cussons Limited 1

Shell Petroleum Development Corporation, Port Harcourt

1

Shell Nigeria Exploration & Production Company Limited

1

GlaxoSmithKline PLC 2

British American Tobacco 1

Skye Bank 2

Zenith Bank Plc 7

TOTAL 23

Summary of 2011 MCPE Seminars SEMINARS RUNS STRUCTURED UNSTRUCTURED ATTENDANCE

MCPE/Conferences 38 8894

CPE 4 70

EMCPE 3 97

In-House 23 1143

Others 7866

TOTAL 18,070

As part of the Institute’s effort at ensuring that its members are kept current about development in the profession, the Institute is aggressively marketing the In-house MCPE Programme to reputable organizations who employ a significant number of chartered accountants who may not be able to participate in regular MCPE programmes due to exigencies of work. These organizations are encouraged to request for In-house programmes.

Thrust of the Year 2012 MCPE Programme 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 of its members that would give them competitive edge.

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To develop members’ skills, the Institute’s approach in the year 2012 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.

The principal benefits of the MCPE, which is the main focus for the year 2012 programme, 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 MCPE provide members with an accessible range of services that will help them maintain and

develop their expertise

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 equipment. A faculty of distinguished and erudite professionals will facilitate at all seminars.

MCPE Credit Hours 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.

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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 Membership of Committees Contesting Council Elections, and Occupying any executive position in a District Society

Additional sanctions, which might affect the membership status of defaulting members, are being considered.

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.

Accreditation of Seminars/Workshops The Institute’s policy on the assessment of seminars/workshops organised by other organisations, District Societies etc, is that they are to submit the following: Payment of Accreditation fees Contact Hours Course programme, reflecting the duration of each paper Seminar papers should be forwarded three weeks before date of seminar for evaluation Evidence of original attendance of members through attendance sheets signed by

participants Resume of resource persons Request for monitoring of the programme before the seminar Theme of the programme /course outline/topics Target Audience Expected number of participants Date and venue of the programme Name of course co-ordinator

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.

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Duration and Fees Duration: The duration of each programme is 2 days except for the offshore programme which is five days.

Fees: The following fees apply:

S/NO SEMINAR TYPE PAYMENT MADE ONE WEEK BEFORE THE SEMINAR(N)

PAYMENT MADE AT THE VENUE (N)

1 MCPE 20,000 25,000

2 CPE 30,000 (35,000 non members) 35,000 (40,000 non members) 3 EMCPE 80,000 (85,000 non members) 85,000 (90,000 non members) 4 IFRS & Accounting for

non-accountants 80,000 (85,000 non members) 85,000 (90,000 non members)

5 Offshore ECPE US$ 2,000 No payment at the venue

Method of Payment Payments for all 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 only. Cash will not be accepted.

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.

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.

Enquiries For further enquiries on the Institute’s Professional Training Programmes, please call on or write to: Registrar/Chief Executive OR Members’ Education & Training Department Plot 16, Idowu Taylor Street ICAN Annexe Victoria Island 82, Murtala Mohammed Way Lagos Ebute-Metta, Lagos Telephone: 01 – 76422495 – 6 Telephones: 01- 7917234 (DL) 01 – 7642297 - 8, Fax: 01 – 4627048 4705336, 7740627 e-mail: info.ican@ican.org.ng Fax: 01 - 4627048 Website: http/ www.ican-ngr.org e-mail: met@ican.org.ng

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Seminar Dates, Zones, Sectors and Locations

S/N ZONE SECTOR DATES LOCATIONS

1. Lagos Tax Practice March 28 – 29 Lagos Airport Hotel, Ikeja

2. Lagos Capital Market/Insurance April 11 – 12 Lagos Airport Hotel, Ikeja

3. Warri Public Sector Accounting April 18 – 19 Hotel Charles David Lot, 5/7, Evive Close, 83, Airport Road, Effurun, Warri, Delta State

4. Lagos General Management Practice April 18 – 19 Lagos Airport Hotel, Ikeja

5. Enugu Consultancy May 02 – 03 Roban Hotels, Ukwa Street, Independence Layout, Enugu

6. Ilorin Accountancy, Audit & Insolvency May 02 – 03 Royal Shekinah Suites, Ajase Ipo Road, Opposite MRS Filling Station, Ilorin, Kwara State.

7. Abuja Banking May 09 – 10 Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja

8. Lagos Information Technology May 09 – 10 Lagos Airport Hotel, Ikeja

9. Lagos Consultancy May 23 – 24 Lagos Airport Hotel, Ikeja

10. Lagos Public Sector Accounting June 06 – 07 Lagos Airport Hotel, Ikeja

11. Ibadan Consultancy June 13 – 14 University of Ibadan & Conference Centre UI Ventures, Ibadan, Oyo State

12. Lagos Accountancy, Audit & Insolvency June 13 – 14 Lagos Airport Hotel, Ikeja

13. Uyo Public Sector Accounting June 27 – 28 Multipurpose Hall, Governor’s Office Annexe, Wellington Bassey Way, Uyo, Akwa Ibom State

14. Lagos General Management Practice June 27 – 28 Lagos Airport Hotel, Ikeja

15. Asaba Accountancy, Audit & Insolvency July 11 – 12 Nelrose Hotel, Government Road, GRA Asaba, Delta State

16. Kaduna Tax Practice July 11 – 12 NAF Club, Rabah Road, Kaduna

17. Abuja Accountancy, Audit & Insolvency July 25 - 26 Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja

18. Lagos Telecommunications July 25 – 26 Lagos Airport Hotel, Ikeja

19. Owerri Petroleum & Energy August 01 – 02 New Castle Hotels, Plot 14, Area A, New Owerri, Off Owerri – Port Harcourt Expressway, Owerri, Imo State

20. Lagos Tax Practice August 01 – 02 Lagos Airport Hotel, Ikeja

21. Jos Public Sector Accounting August 08 - 09 Elim Top Suites, No. 1 Golf Course Rd, Mai-Adiko, Rayfield, Jos

22. Lagos Consultancy August 08 – 09 Lagos Airport Hotel, Ikeja

23. Benin-City General Management Practice August 15 - 16 Bishop Kelly Pastoral Centre, Airport Road, GRA, Benin - City

24. Lagos Capital Market & Insurance August 15 – 16 Lagos Airport Hotel, Ikeja

25. Kano Public Sector Accounting August 29 – 30 Horizon Hotel, 5 Courthouse Close, Off Miller Road, Bompai, Kano

26. Lagos Tax Practice August 29 – 30 Lagos Airport Hotel, Ikeja

27. Calabar Consultancy September 12 - 13 Channel View Hotel, MCC Road Calabar, Cross River State

28. Lagos Public Sector Accounting September 12 – 13 Lagos Airport Hotel, Ikeja

29. Lagos Consultancy October 24 – 25 Lagos Airport Hotel, Ikeja

30. Ibadan General Management Practice October 24 – 25 University of Ibadan & Conference Centre UI Ventures, Ibadan, Oyo State

31. Lagos Manufacturing November 07 – 08 Lagos Airport Hotel, Ikeja

32. Abuja Tax Practice November 14 – 15 Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja

33. Lagos Telecommunications November 14 – 15 Lagos Airport Hotel, Ikeja

34. Port-Harcourt Tax Practice November 28 - 29 L A Kings Complex, Plot 267, GRA Phase IV, Stadium Road, Elekahia, Port Harcourt, Rivers State

35. Lagos Banking November 28 – 29 Lagos Airport Hotel, Ikeja

36. Lagos Petroleum & Energy December 05 – 06 Lagos Airport Hotel, Ikeja

37. Lagos Accountancy, Audit & Insolvency December 12 - 13 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: N20, 000 for pre-payment and N25,000 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 Venue for CPE 1: (April 24 – 25)

Ikeja, Lagos Kano: Horizon Hotel, 5 Courthouse Close, Off Miller Road, Bompai, Kano

Fees: Pre-payment (a week before) At the venue (corporate cheque or bank draft)

Members: N30, 000 N35,000

Non-Members: N35, 000 N40,000

Credit Hours: 15 units

1. April 24 – 25 STRATEGIC PLANNING FOR BUSINESS SUCCESS

2. June 19 – 20 FORENSIC ACCOUNTING: THE FULCRUM POINT FOR PROFESSIONAL ACCOUNTANTS

3. August 14 – 15 CONFLICT MANAGEMENT FOR IMPROVED PRODUCTIVITY

4. November 13 – 14

STRATEGIC PLANNING FOR BUSINESS SUCCESS

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Executive Mandatory Continuing Professional Education (EMCPE)

Venue: Sheraton Lagos Hotel & Towers Mobolaji Bank Anthony Way

Ikeja, Lagos

1. June 6 – 7

EMERGING REFORMS IN THE TAX SECTOR: ISSUES AND CHALLENGES

2. July 18 – 19

ENABLING COMPLIANCE WITH FINANCIAL REPORTING COUNCIL ACT 2011

3. September 05 - 06

EMBEDDING IFRS AS THE STANDARD FOR FINANCIAL REPORTING

4. December 12 – 13 SUSTAINING EFFECTIVE PROFESSIONAL PRACTICE

Pre-payment (a week before) At the venue (corporate cheque or bank draft)

Fees: Members N80,000 N85,000

Non-Members N85,000 N90,000

Credit Hours: 15 units

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Topic Specific Programme

Venue: Lagos Airport Hotel Venue for IFRS Training 2: (Feb. 20 -24) Ikeja, Lagos Port Harcourt: L. A. Kings Complex, Plot 267,

GRA Phase IV, Stadium Road Elekahia, Port Harcourt, Rivers State

1. January 23 – 27

INTENSIVE IFRS CONVERSION TRAINING

2. February 20 – 24

3.

February 27 – March 02

4.

June 18 – 22

5. May 07 – 11

ACCOUNTING FOR NON-ACCOUNTANTS SEMINAR

Pre-payment (a week before) At the venue (corporate cheque or bank draft)

Fees: Members N80,000 N85,000

Non-Members N90,000 N95,000

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Intensive IFRS Conversion Training

Day 1 - INTRO & PREPARATION OF FINANCIAL STATEMENTS

Day 2 - ASSET RECOGNITION AND MEASUREMENT

Day 3 - FINANCIAL INSTRUMENTS & ACCOUNTING FOR LIABILITIES

Day 4 - BUSINESS COMBINATION & SPECIALISED INDUSTRIES

Day 5 - IFRS IMPLEMENTATION & DISCLOSURE REQUIREMENTS

• The nature and operations of the IASB

• The status and use of IFRSs around the world

• Presentation and profit

• Case study

• IAS 16, Property, plant and equipment • IAS 38, Intangible assets • IAS 40, Investment Property • IAS 36, Impairment of assets • IAS 23, Borrowing costs • IAS 20, Accounting for government grants and disclosure of government assistance • IAS 2, Inventories • IAS 17, Leases • IFRS 5, Non-current

assets held for sale and discontinued operations

• Case study

Financial Instruments (IAS 32, IAS 39, IFRS 7, IFRS 9) Accounting for liabilities • 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

• Case study

Group accounting (IAS 27, IAS 28, IAS 31, IFRS 3) Specialised topics • IFRS 4, Insurance Contracts • IFRS 6, Exploration for and evaluation of mineral resources • Discussion Paper on

Extractive Activities • IAS 41, Agriculture • IAS 11, Construction

contracts • Case study

Disclosure Standards • IAS 7, Statement of cash flows • IAS 24, Related party

disclosures • IAS 33, Earnings per Share • IAS 34, Interim financial reporting • IFRS 1, First time adoption of IFRS • IFRS 8, Operating segments

IFRS Implementation • Principal differences between NG-GAAP and

IFRS • IFRS Implementation Imperatives • Proposed changes to IFRS • Case study

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EXECUTIVE CPE

OFFSHORE RETREAT FOR PROFESSIONALS (MEMBERS AND NON-MEMBERS)

THEME:

HHIIGGHH PPEERRFFOORRMMAANNCCEE SSTTRRAATTEEGGYY FFOORR TTHHEE PPUUBBLLIICC SSEECCTTOORR AACCCCOOUUNNTTAANNTT

DATE: April 22 -27, 2012

VENUE: ACCRA, GHANA

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SYNOPSIS The need to improve the quality of Financial Reporting and strengthen corporate governance necessitates the regular review of Accounting and Auditing practices. Practitioners are required to undertake refresher courses on contemporary developments and provide quality services to their clients and employers.

The topics for this sector have therefore been carefully selected to update the skills of Chartered Accountants in these areas.

Topic 1 ENHANCING AUDITORS’ INDEPENDENCE Objectives At the end of the seminar, the participants should be able to: Recognise the need for independence in

the performance of the audit function Identify the statutes and professional standards guiding Auditors’ independence Examine challenges to Auditors’ independence

Content

Concepts of Auditors’ independence Statutes, professional standards and

Auditor independence Perception of the Auditors’

independence Factors enhancing Auditors’

independence Case Study

Topic 2 MANAGING ACCOUNTING PRACTICE IN A CHALLENGING ENVIRONMENT Objectives At the end of the seminar, the participants should be able to: Identify factors affecting accounting

practice in a challenging environment Discuss the challenges of managing

clients, staff, quality, liquidity and profitability

Develop techniques for effectively managing accounting practice

Content

Setting up an accounting practice: issues and challenges

Developing marketing strategy and interpersonal relationship skills

Professional practice management and the external environment

Staffing, fee structure and financial management challenges in practice management

Quality control and peer review Case Study

NWOBI, V.O. (27886) Warri MCPE seminars have made me aware of happenings and developments and build my technical skills in job delivery.

ACCOUNTANCY, AUDIT & INSOLVENCY SECTOR

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Topic 3 MANAGING INSOLVENCY ENGAGEMENTS Objectives At the end of this session, participants should be able to:

Identify corporate insolvency

procedures Explain insolvency terminologies Discuss insolvency accounting principles Content Overview of insolvency Procedures for undertaking insolvency Duties of Receiver in the insolvency

process Preparation of the relevant accounts in

the insolvency process Contemporary issues and best practices

in insolvency Case study

Topic 4 INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS): CONVERSION ISSUES Objectives At the end of this session, participants should be able to: Identify differences between IFRS and

the Statement of Accounting Standards Recognise key IFRS conversion issues Outline the role of stakeholders in the

IFRS conversion Evaluate IT implications in IFRS

conversion Content

Overview of regulatory and statutory issues

Major accounting and reporting differences between Nigerian Generally Accepted Accounting Principles (GAAP) and IFRS

IFRS conversion process Impact of IFRS on processes and

systems First Time adoption: issues and

challenges Case study

ONYEKUBA, I. L. (14682) Enugu MCPE seminars are very useful and keep me aware of currents issues in the accounting profession.

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SYNOPSIS

Despite the extraordinary measures taken to address the causes of the recent global financial crisis,

the international financial system is still fragile as it struggles with recovery. Although the Nigerian

banking system appears to have achieved some level of stability, areas of threats and vulnerabilities

still remain even in the face of new developments.

The 2012 MCPE for the banking sector, therefore, seeks to keep the Chartered Accountant abreast of

these threats and developments. This would assist members in developing and maintaining the

competences required for creating value for their employers and clients.

Topic 1

ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT): FACILITATING FINANCIAL SYSTEM STABILITY

Objectives

At the end of this session, participants

should be able to:

• Explain the effects of money laundering (ML) and financing of terrorism (FT)on the economy

• List the main features of the money laundering (Prohibition) Act 2011, FATF 40 + 9 recommendations and other relevant laws and regulations

• Discuss the role of various stakeholders • Explain the challenges in the fights

against ML /FT Content

• Overview of Money Laundering and the Financing of Terrorism

• The impact of ML/TF on the economy • AML/CFT objectives, global and

domestic architecture • ML stages and techniques • Laws and Regulations Relating to ML/FT • Challenges in fighting ML/FT • Case Study

Topic 2 e-BANKING: IMPACT ON THE NIGERIAN ECONOMY Objectives At the end of this session, participants should be able to: • Discuss the global trends in e-Banking • Explain e-payment channels • Discuss mobile payment technologies • Recognize legal framework to facilitate mobile payment in Nigeria Content • Global trends in e-Banking • Overview of e-payment channels in Nigeria • Legal and regulatory framework for e-Banking in Nigeria • Mobile payments technologies • e-Banking and financial inclusion • Critical success factors in e-Banking • Cashless environment and POS deployment

AHMED, A. A. (27163) Ilorin The MCPE seminars have positively enhanced my knowledge and thereby leading to increased productivity.

BANKING SECTOR

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Topic 3 ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)-A TOOL FOR DISTRESS RESOLUTION IN THE BANKING INDUSTRY Objectives At the end of this session, participants should be able to: • Identify the reasons for the establishment of AMCON • Apply the knowledge gained in managing non-performing facilities • Evaluate the operational challenges facing both the Corporation and the banks

Content • Objects and funding of AMCON • Distress resolution approaches and • strategies • Challenges from the perspectives of the corporation and the banks. • Lessons from other jurisdictions • Case study

Topic 4 CREDIT RISK MANAGEMENT IN BANKS AND OTHER FINANCIAL INSTITUTIONS Objectives At the end of the session, participants should be able to: • Discuss credit appraisal, approval and administration • Discuss microfinance practices and their peculiar risks • Construct appropriate credit risk management framework for financial institutions Content • Introduction to Credit Risk Management • Overview of Credit Appraisal, Administration and Monitoring • Microfinance practices and their

peculiar risks • The New Prudential Guidelines:

Keys to Effective Risk Management • Case Study

ANIBABA, T. (4708) Abuja MCPE seminars have greatly enhanced my knowledge in every conceivably valuable way.

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SYNOPSIS

The programme for the Insurance and Capital Market Sector has been designed to educate participants on retirement plans, reinsurance as a risk management strategy and accounting for insurance contracts under IFRS. It also equips participants with skills to enhance value for investors in the capital market, with emphasis on demutualization and strategies for managing volatility and uncertainty. Topic 1 DEMUTUALISATION OF THE NIGERIAN CAPITAL MARKET Objectives At the end of this session, participants should be able to: • Explain the concepts of

Demutualisation • Appraise the practical implications of

Demutualisation • Identify the benefits and challenges of

Demutualisation • Discuss the experiences of other

economies

Content The ownership structure of stock

exchanges The concept of Demutualisation Benefits and Challenges of

Demutualisation Experiences from advanced capital

markets Case Study

Topic 2 MANAGING INVESTMENT PORTFOLIO IN A DEPRESSED CAPITAL MARKET Objectives At the end of this session, participants should be able to: • Explain causes and characteristics of a depressed capital market • Identify Investment options open to portfolio managers • Identify the key strategies for managing investment in a depressed capital market • Compare Portfolio Rebalancing methodologies

Content

• Overview of capital market challenges • Investment vehicles available to

portfolio managers • Determination of optimal portfolio

objectives • Efficient portfolio management • Case study

NWOKAFOR, P. J. C. (14553) Owerri My attendance at MCPE seminars has updated me with the standards and the ethics of the accounting profession and also helped in solving problems in my workplace.

CAPITAL MARKET & INSURANCE SECTOR

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Topic 3 ENHANCING ANNUITY INCOME IN RETIREMENT THROUGH INSURANCE Objectives At the end of this session, participants should be able to: • Discuss various forms of insurance- related retirement plans • Clarify the accounting treatment and tax implication of retirement plans • Review the relevance of actuarial valuation and effect of inflation in retirement plan administration Content • Overview of annuities • Investment-linked life insurance policies • Accounting treatment of annuities • Tax issues in retirement income • Effects of actuarial valuation and inflation on retirement plans • Case study

Topic 4 INSURANCE CONTRACT: ACCOUNTING AND REPORTING UNDER IFRS Objectives At the end of this session, participants should be able to: • Identify key IFRS Accounting Principles and requirements applicable to General and Life Insurance • Clarify the practical application of IFRS • Analyse key issues and options in preparation of Financial Statements • Highlight additional disclosure requirements arising from accounting judgements Content Nature and framework of insurance

contract Objectives and overview of IFRS 4

(Phase I) Differences and similarities with the

Nigerian GAAP Phase II – IASB Exposure Draft Comparison of Solvency II and IFRS 4

(Phase II) Case study

ADEYEMI, A. M. (23588) Kano MCPE seminars are highly enlightening and informative.

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SYNOPSIS A consultant is expected to possess competencies to offer a wide range of services and respond to current global issues. In particular, the consultant requires skills to prepare and present proposals that are suitable and capable of securing engagements. In this regard, the year 2012 Consultancy Sector seminar has been designed to equip the consultant with the needed skills. Topic 1 EFFECTIVE PROPOSAL WRITING & PRESENTATION SKILLS Objectives At the end of this session, participants should be able to:

Identify the key components of business communication Prepare and present persuasive

proposals and reports Manage ethical issues in persuasive

writing and presentation feedback Content Components of business communication Features of effective communication

skills Writing business proposals and reports Models and patterns of persuasive

deliveries Ethical issues in persuasive

presentations Presentation black-outs, feedback and

audience management Effective follow-up and closure

Topic 2 THE CONSULTANT AND PUBLIC PROCUREMENT Objectives At the end of this session, participants should be able to:

Discuss the fundamentals of effective procurement Explain the functions of the Bureau of Public Procurement (BPP) Itemize and discuss the procurement process and methods Appraise the peculiarities of procuring

consultancy services Content Overview of the public procurement process Procurement fundamentals and the role of BPP General and restricted procurement

methods Procurement of Assurance and

Consultancy services Challenges of public procurement in

Nigeria and the way forward Case study

LUKE-DEEKUR, C. (11006) Port-Harcourt MCPE seminars are very impactful, practical and exceptional in content and delivery.

CONSULTANCY SECTOR

23

Topic 3 TRANSITING FROM OTHER ENGAGEMENTS INTO CONSULTANCY PRACTICE Objectives At the end of this session, participants should be able to: Identify the process of setting up a consultancy practice Discuss entrepreneurial skills required

for becoming a consultant Draw up a workable transition plan prior

to quitting paid employment Content

Starting a consulting practice: processes and procedures

The strategic differences between an employee and a consultant entrepreneur

Skills and competencies for setting up and running a consultancy outfit

Planning processes, entrepreneurship strategic thinking and implementation

Handling the first assignment and sustenance strategies

Case study

Topic 4 UNDERSTANDING AND ACCESSING CARBON FINANCE Objectives At the end of this session, participants should be able to: Assess the potentials of carbon finance Estimate the level of upfront investment

and possible revenue Discuss the challenges in getting carbon

credits Content

Introduction to carbon finance Explaining key concepts The process – seeing through the jungle Up-front costs and carbon revenues – a

precarious balance Risks and challenges – what to keep in

mind Engaging with investors and partners –

what do they want to know?

OLAFADEHAN, O. I. (24532) Ibadan MCPE programmme has really helped in reshaping my orientation towards my role in the office and to focus on the future.

24

SYNOPSIS In today’s competitive world, leading organisations have developed strategies for exploiting the changing market landscape. Moreover, new deals and trading arrangements call for better negotiating skills and the ability to exert power and influence. It is against this background that the General Management Practice sector is focusing on building capacity of professional accountants to face the challenges in an increasingly innovative, diverse and globalised world. Topic 1 MANAGING INNOVATION AND CREATIVITY Objectives At the end of this session, participants should be able to: • Discuss the relevance of Innovation and creativity in the knowledge age • Identify critical elements in innovative process • Recognise the challenges in innovation process • Identify networks and communities of innovators Content • Innovation and Creativity in the

knowledge age – An Overview • Strategies for effective management of

innovation • Challenges in Managing Innovation • Developing and managing networks and

communities of innovators • Case Study

Topic 2 NEGOTIATION: THE ROLE OF POWER AND INFLUENCE Objectives At the end of this session, participants should be able to: • Identify value-creating potential in negotiation • Define the vital role of trust and ethics in negotiation • Develop a conceptual framework for understanding power and influence Content • Negotiation, power and influence – an Overview • The negotiation Strategy: Pre-negotiation preparation, setting objectives, win-win and fall back positions • The role of trust and ethical behavior in negotiations • Communication in negotiation • Power and influence in interpersonal relationships • Case study

INYANG, C. T. (12814) Uyo MCPE seminars keep me updated all the time and I always learn new things.

GENERAL MANAGEMENT PRACTICE SECTOR

25

Topic 3 MANAGING DIVERSITY FOR INCLUSIVENESS: THE LEADERSHIP CHALLENGE Objectives At the end of this session, participants should be able to: • Highlight the concept of diversity • Analyse the different techniques for determining diversity • Apply diversity for inclusiveness in the workplace Content • Concept of Diversity and Inclusiveness • Diversity In Contemporary Business Environment and its implications • Models of Diversity Management • Overcoming Resistance to Managing Inclusiveness • The Leader’s Role in Harnessing Diversity for inclusiveness • Case Study

Topic 4 LEADING TEAMS: SKILLS FOR BUILDING AN EFFECTIVE WORKFORCE

Objectives At the end of this session, participants should be able to:

• Establish and maintain effective teams within the organization. • Identify techniques to diagnose team dynamics • Use appropriate conflict resolution techniques

Content

• Concept of teams • Building a team • Creating the conditions for optimal team performance • Transiting from managing to leading the team • Handling conflicts in teams • Case Study

OSUJI, A. C. (24695) Kaduna The MCPE seminars are very rewarding as they enrich my knowledge and keep me abreast of emerging issues.

26

SYNOPSIS

Development and changes in Information Technology (IT) have continued to be unprecedented and remarkable. IT will continue to create new landscapes for businesses with great economic implications. This requires organisations to be proactive and adaptive to remain relevant. The 2012 MCPE programme on IT is therefore meant to equip members with the knowledge and skills required to take advantage of opportunities in this area while providing solutions to challenges. Topic 1 TECHNOLOGY GOVERNANCE FRAMEWORK: PROSPECTS AND CHALLENGES Objectives At the end of the session, participants will be able to:

Discuss Information Technology Governance framework

Identify and manage common IT risks Identify the tools and techniques for

improving return on Technology investments

Discuss the Principles and best practices for auditing IT Governance

Content Overview of IT Governance framework IT Governance Roles and Responsibilities Challenges in executing IT Governance Improving return on technology

investment Auditing IT Governance Case Study

Topic 2 COST MANAGEMENT THROUGH VIRTUALIZATION AND CLOUD COMPUTING

Objectives At the end of the session, participants will be able to: Discuss Virtualization and Cloud

Computing Technology Develop business case for Virtualization

and Cloud Computing Evaluate the risks involved

Content Overview of Virtualization technology

and cloud computing Governance issues in implementing

Virtualisation and Cloud Computing The business case for Virtualization and

Cloud Computing Managing risks in Virtualization and

Cloud Computing Case Study

OKPODIGHI, O. I. (23080) Calabar MCPE has added value to my work performance and enhanced my services to my clients.

INFORMATION TECHNOLOGY SECTOR

27

Topic 3 DIGITAL FORENSICS: TOOLS AND TECHNIQUES

Objectives At the end of the session, participants will be able to: Explain the concept of digital Forensics Discuss the tools and techniques for

Digital Forensic investigation Identify risks and rewards of Digital

Forensic investigation

Content

Overview of Digital Forensics Tools and Techniques of Digital

Forensics Risks and Rewards of Digital Forensic

Investigation Case Study

Topic 4

BUSINESS CONTINUITY MANAGEMENT Objectives At the end of the session, participants will be able to: Identify business disruptive events Assess the business impact of disaster

scenarios Evaluate disaster recovery strategies

Content Principles and concepts of business

continuity Business recovery planning process Developing and documenting the

business continuity plan Business continuity plan implementation Case Study

UNACHUKWU, N. (17494) Abuja MCPE has exposed me to current best practices in the accounting profession.

28

SYNOPSIS Over the years, the manufacturing sector in Nigeria has experienced various economic challenges such as low capacity utilisation, energy crises, poor product quality, high operating cost and unfavourable fiscal policies. In the light of the above, the 2012 MCPE courses are designed to address some of the challenges facing the industry using contemporary manufacturing and advanced quality management techniques. TOPIC 1 STRATEGIC COST MANAGEMENT IN THE MANUFACTURING INDUSTRY USING SHARED SERVICE Objectives At the end of this session, participants should be able to: Apply the concept of Shared Service (SS) in

their organizations Evaluate contemporary SS Models Use LEAN philosophy to achieve cost savings

through SS Identify the potential challenges of SS and

how to address them Content Concept and Principles of Shared Service

(SS) SS Business Model Control and Governance Framework

in SS SS Application Areas Benefits of SS – LEAN Philosophy Implementation of SS – basic considerations Challenges of implementing SS (including tax

considerations) and how to address them Case study

TOPIC 2 ENHANCING MANUFACTURING EFFICIENCY USING SIX SIGMA TECHNIQUE Objectives At the end of this session, participants should be able to: Recognise Six Sigma technique as a tool for

manufacturing efficiency Evaluate the critical principles of Six Sigma

as an advance Quality Management Tool Identify the challenges and benefits of Six

Sigma in achieving manufacturing efficiency

Content Overview of Six Sigma technique Six Sigma as a quality management

improvement system Six Sigma Roles The Roadmap for successful implementation

of Six Sigma for better productivity Benefits and challenges of Six Sigma in

efficient manufacturing environment Case Study

OYEKEZIE, K. S. (20934) Benin-city MCPE seminars have changed my perception and approach to professional issues, while adding value to my organization.

MANUFACTURING SECTOR

29

TOPIC 3 COMPUTER – AIDED MANUFACTURING (CAM): THE ROLE OF THE ACCOUNTANT Objectives

At the end of this session, participants

should be able to:

Recognise and appraise the technologies

supporting Computer-Aided

Manufacturing (CAM)

Evaluate the merits and demerits of CAM

Appraise the implications of CAM for the

accountant

Content

Principles and techniques of CAM

Classical models of CAM for

manufacturing efficiency

Benefits of CAM

Labour implications of CAM

The role of the accountant in a CAM

environment

Bridging the skill-gap of the accountant

required to catch up with CAM

operations

Case study

TOPIC 4 SUPPLY CHAIN (SC) OPTIMISATION IN THE MANUFACTURING SECTOR Objectives At the end of the session, participants should be able to: Describe the concept of Supply Chain

(SC) optimisation and its application in the manufacturing environment

Develop optimisation techniques for improving the SC management process

Explain how SC affects productivity, product cost and market share

Identify the role of the Accountant in decision support

Content Overview of Supply Chain Process Principles and Concept of Optimisation

techniques as applicable to SC Typical SC Finance Manager’s Decision

Support Roles: Demand, Supply and Inventory

Planning for effective waste elimination

Sourcing Decisions Reporting and managing exceptional

costs High and consistent forecasting accuracy

to ensure optimum inventory, avoid wastage and stock outs

Case Study

OKOLI, I. N. (12915) Asaba MCPE seminars have exposed me to knowledge in different sectors of the economy.

30

SYNOPSIS The mainstay of the Nigerian economy has been the Petroleum and Energy sector, both in terms of revenue generation and economic growth. There are on-going reforms in the areas of developing the country’s gas potential, improving the dwindling power supply and standardization of financial processes (including financial reporting) in the sector. These reforms will, no doubt, have impact on practitioners in 2012 and beyond. The Petroleum and Energy sector MCPE is aimed at equipping the chartered accountant with the skills to take on opportunities and challenges arising from these developments. Topic 1 HARNESSING OPPORTUNITIES IN DOMESTIC GAS MARKET IN NIGERIA Objectives At the end of the session, the participants should be able to: Discuss opportunities in the Nigerian Gas

Market List ongoing initiatives for maximizing

the potentials of the Nigerian Gas market Identify the obstacles and challenges Develop strategies for optimizing the

opportunities Content

Overview of the Domestic Gas Market Legal, Fiscal and Regulatory Framework Opportunities in the Domestic Gas

Market Current Initiatives Demand and Supply Issues Strategies for optimizing the

opportunities Case Study

Topic 2 FINANCING THE PETROLEUM AND ENERGY SECTOR STRATEGY OF VISION 20:2020 Objectives At the end of the session, the participants should be able to: Highlight the Sector’s Perspectives in

Vision 20:2020 Identify existing financing gaps of the

sectors in the development of the economy

Identify alternative finance strategies for achieving Vision 20:2020

Content Key elements of Vision 20:2020 and the

Petroleum and Energy sector Review of existing funding plans Alternative financing options. Harnessing cross-sectoral linkages Case Study

ONWURAH, J. O. (29571) Lagos MCPE seminars have deepened my knowledge of customer service and critical economic and developmental issues.

PETROLEUM & ENERGY SECTOR

31

Topic 3 THE ECONOMICS OF ELECTRIC POWER SUPPLY IN NIGERIA Objectives At the end of the session, the participants should be able to: Discuss the structure of the Nigerian

power sector Examine the challenges of power supply Appraise Government initiatives and

strategic intervention in the power sector

Review alternative sources of funding projects in the power sector

Content

Overview of power sector Alternative sources of power generation Demand, Supply and Pricing Other challenges in power delivery Financing electricity projects in Nigeria Strategic Government interventions in the power sector Lessons from other economies Case Study

Topic 4 IFRS FOR THE ENERGY SECTOR IN NIGERIA Objectives At the end of the session, the participants should be able to: Identify IFRS relevant to the Energy

sector Explain the features of IFRS 6 Distinguish between IFRS 6 and Nigerian

GAAP Content Overview of Oil and Gas operations Framework for financial reporting in Oil

and Gas industry IFRS - Accounting for mineral resources Comparison of IFRS and the Nigerian

GAAP

EJEHERI, J. L. (2688) Jos The MCPE seminars have helped to update my knowledge in key areas of my profession.

32

SYNOPSIS To achieve the nation’s objective of being among the 20 largest economies by the year 2020, certain institutional capacities need to be developed. The 2012 ICAN MCPE Public Sector Accounting has been designed to enhance the competencies of Professional Accountants to play the roles that are required in this regard. Topic 1 ALTERNATIVE FUNDING FOR INFRASTRUCTURE DEVELOPMENT IN NIGERIA – THE ROLE OF PUBLIC SECTOR ACCOUNTANTS Objectives At the end of this session, participants should be able to: • Identify infrastructure funding gap • Illustrate the process of developing

project finance strategies • Identify sources of alternative funding

for infrastructure • Appraise the role of Accountants in

infrastructure finance

Content • Overview of Infrastructure Financing • Developing Bankable Feasibility Studies

for Infrastructure Projects • Leveraging the Debt Market for

Infrastructure Funding • Public-Private Partnership Options • Preparing Public Institutions for Credit

Rating • Management of Public Debts • Case study

Topic 2 STRENGTHENING PROFESSIONAL ETHICS OF THE PUBLIC SECTOR ACCOUNTANT

Objectives At the end of this session, participants should be able to: Discuss the role of the Public Sector

Accountant in promoting professional ethics

Identify the difficulties of applying professional ethics in the public sector

Develop strategies to overcome the difficulties

Content

Overview of ICAN’s code of professional conduct

Public sector environment and the Professional Accountant

Conflicts in applying professional ethics Strategies for strengthening professional

ethics in the public sector Case study

FATUNMBI, O. C. (6327) Lagos MCPE seminars update my understanding of contemporary issues in accounting and general management

PUBLIC SECTOR ACCOUNTING

33

Topic 3 INSTITUTION-BUILDING AS A BEDROCK FOR NATIONAL DEVELOPMENT Objectives At the end of this session, participants should be able to: Identify key national development

institutions Appreciate the role of Institutions in

National development Discuss the steps in building successful

institutions Content Institutional framework for a strong

national economy Overview of Institutions for National

development Strategies for building Institutions for

development The concept of sustainable national

development The role of independent institutions in

national development Case study

Topic 4 THE CHALLENGES OF CULTIVATING IT CULTURE IN THE PUBLIC SECTOR Objectives At the end of this session, participants should be able to: Identify Problems of IT penetration in the public sector Discuss IT Culture and its challenges in the public sector Develop strategies for promoting IT culture in the public sector Content Overview of IT Culture in the public

sector Appraisal of major IT initiatives in the

public sector Challenges of cultivating IT Culture in

the Public sector Strategies for promoting IT Culture in the

public sector Case study

RUFAI, M. K. (19799) Lagos The MCPE seminars have greatly broadened my knowledge and made it possible to meet daily challenges in carrying out my duties.

34

SYNOPSIS

As a result of the ongoing financial crisis, governments around the globe are increasingly under pressure to reform tax systems: lower tax rates, provide tax incentives to attract foreign investments and enforce compliance while protecting their tax bases. There is no one-size-fit-all strategy or easy answer to these challenges given that changes will undoubtedly come with different tax implications for businesses, tax professionals and administrators. Therefore, stakeholders must be up to date with various tax reforms in Nigeria and globally. This is the thinking behind the topics for the 2012 Tax Practice Sector seminar. Topic 1 TAX ACCOUNTING AND REPORTING UNDER IFRS

Objectives At the end of this session, participants should be able to: Articulate the generally accepted

accounting principles regarding tax accounting and reporting

Identify tax reporting issues under IFRS and how to address them

Recognize the interrelationship between accounting, tax reporting and tax management

Content Overview of tax accounting and reporting IFRS and tax reporting Accounting for uncertain tax positions Tax disclosure requirements Case study

Topic 2 GLOBAL BEST PRACTICES IN TAX REFORMS: THE NIGERIAN EXPERIENCE

Objectives At the end of this session, participants should be able to: Describe the global best practices tax system Identify the various features and possible

implications of the ongoing tax reforms in Nigeria

Compare the global best practices with Nigeria’s tax legislation and administration

Content Overview of global best practices Underlying principles and key features of

ongoing tax reforms Key changes in the Nigerian tax laws and

practice including VAT and Personal Income Tax

Adapting global tax best practices in Nigeria

Case study

YAHAYA, O. A. (Non Member) Lagos The CPE seminar has improved my knowledge in so many ways as an accountant and future consultant.

TAX PRACTICE SECTOR

35

Topic 3

TAX IMPLICATIONS OF THE ONGOING BANKING SECTOR REFORMS IN NIGERIA Objectives At the end of this session, participants should be able to: Describe the role of the banking sector in

global and national economies Identify the elements of banking reforms Discuss the tax implications of the

reforms on key stakeholders Content Overview of the Global and Nigerian

economy as it affects the banking sector The ongoing reforms in the banking

sector Tax implications of the reforms on

stakeholders in the banking industry Case Study

Topic 4

TAXATION OF REAL ESTATE AND INTANGIBLE PROPERTIES IN NIGERIA Objectives At the end of this session, participants should be able to: Enumerate existing laws and

regulations guiding the acquisition and ownership of property

Identify emerging trends with respect to real estate and intangible property

Discuss tax planning opportunities and management

Content Overview of the Real Estate and

intangible property and emerging trends Composition of intangible property and

Real Estate Tax administration of real estate and

intangible property Basis of valuation for tax purpose, rates

and possible tax planning The implications of the Land Use Act on

investment and the need for its review Case Study

IJITIMEHIN, O. O. (16846) Lagos

The CPE seminars are educative and knowledge sharing.

36

SYNOPSIS The intense competition in the telecommunication industry is driving down prices and narrowing profit margins. There is therefore need for operators to develop strategies to manage cost, improve profitability and put in place appropriate measures to check leakages and fraud in order to gain competitive advantage. This year’s topics are designed to educate members on the effect of adopting IFRS in the telecommunications industry regarding revenue recognition, assets measurement and their application to improving performance. Topic 1 ACCOUNTING FOR REVENUE IN TELECOMMUNICATIONS – IFRS APPROACH Objectives At the end of the session, participants should be able to: Identify the challenges in accounting for

revenues of Telecommunications Companies (Telcos)

Apply relevant IFRS to revenue accounting for Telcos

Explain IFRS disclosure requirements

Content Revenue profile of Telcos Challenges of revenue accounting in Telcos Recognition and measurement of revenue:

IFRS perspective Disclosure requirements Case Study

Topic 2 TELECOMS FRAUD MANAGEMENT - STRATEGIC PERSPECTIVE Objectives At the end of the session, the participants should be able to: Explain telecoms architecture/platforms Identify potential fraud risks in Telecoms Apply fraud prevention and detection

techniques Content

Overview of Telecoms Architecture Telecoms Fraud Classification and Types Fraud Detection and Prevention Fraud Risk Management Case study

ADEGOKE, J. A. (11943), Lagos The ICAN EMCPE seminars are well structured that they enhance my present productivity and prepare me for the future.

TELECOMMUNICATIONS SECTOR

37

Topic 3 FIRST TIME ADOPTION OF IFRS IN TELECOMS INDUSTRY Objectives At the end of this session, participants should be able to: Discuss the basic concept of IFRS Explain Nigeria’s IFRS roadmap Identify the phases in IFRS

implementation Recognise benefits and challenges in

adopting IFRS Content

Overview of Telecoms activities Introduction to IFRS adoption in Nigeria Phases of IFRS adoption Requirements of IFRS 1 Benefits and Challenges of adopting IFRS Case study

Topic 4 PROJECT COST MANAGEMENT IN TELECOMS Objectives At the end of this session, participants should be able to: Identify project cost techniques Apply the elements of project management Evaluate and measure cost variance Content Overview of projects in telecoms Project cost management processes Tools and Techniques for project cost

management Benefit of project cost management Case study

EGHOBAMIEN, V. E. O. (4905) Lagos EMCPE seminars have kept me abreast of current developments in accountancy and other sectors.

38

SYNOPSIS

Continuing Professional Education (CPE) enables participants to interact on emerging contemporary issues locally and internationally, with far reaching implications for personal and organisational success. This year, CPE themes have been carefully selected in the institute’s effort at adding value to the professionalism of participants, with a view to keeping them informed on current issues and build capacity.

THEME 1

FORENSIC ACCOUNTING: THE FULCRUM POINT FOR PROFESSIONAL ACCOUNTANTS

Objectives

At the end of the Seminar, Participants should be able to:

• Define the concept of Forensic Accounting • Explain the roles/services of forensic accountants in enhancing public trust • Identify Skills set for forensic accountants • Discuss forensic accounting as a fulcrum point for professional accountants

PAPER 1 DEVELOPMENT OF FORENSIC ACCOUNTING IN RESTORING PUBLIC TRUST

Content

• Overview of Forensic Accounting • Role/Engagement of Forensic Accountants • Skills set for Forensic Accountants • Introduction to Fraud, Fraud Triangle, Fraud Diamond and Fraud Symptoms • Restoring and sustaining public trust through forensic accounting

PAPER 3

FUNDAMENTALS OF MONEY LAUNDERING AND TERRORIST FINANCING

Content

• Overview of Money Laundering (Prohibition) Act 2011 and Terrorism (Prevention) Act 2011

• Appraisal of International Efforts Against Money Laundering and Terrorist Financing

• Stages of Money Laundering • Assessment of Nigeria’s Anti-Money

Laundering Compliance Requirements and Programme

• Penalties for Money Laundering Offences • Impact of Money Laundering and Terrorist

Financing on the Individual, Organization and Nation

PAPER 2 LAW AND PRACTICE OF EVIDENCE RELATING TO FORENSIC ACCOUNTING Content

• Introduction to Law and Forensic law • Sources of Nigerian Law of Evidence • Classifications of Law of Evidence • Courts, Proceedings and Application of Evidence Act • Means of Proof of Evidence • Principles of relevance and admissibility of the Law of Evidence • Chain of custody principles

PAPER 4 FORENSIC ACCOUNTING: THE FULCRUM POINT FOR PROFESSIONAL ACCOUNTANTS Content

Global Best Practices Case Studies

OBAYOPO MURAINO (7865) In-House It has replenished me on the contemporary issues and have improved my knowledge and efficiency at work.

CONTINUING PROFESSIONAL EDUCATION (CPE)

39

THEME 2

CONFLICT MANAGEMENT FOR IMPROVED PRODUCTIVITY Objectives

At the end of the seminar, participants should be able to:

• Identify causes of conflict in an organisation • Outline cases of conflict in an organisation • Discuss the effect of conflict in organisations • Apply appropriate conflict resolution methods

PAPER 1

OVERVIEW OF CONFLICT MANAGEMENT

Content

• Identifying Levels of Conflict • Causes and Effect of Conflict on organisations • Communication in Conflict Management • Conflict Management Strategies

PAPER 3

EMPLOYING ALTERNATIVE DISPUTE RESOLUTION METHODS

Content

• Why Alternative Dispute Resolution? • The Alternative Dispute Resolution

Methods. Use of Mediation. Use of Reconciliation. Use of Arbitration

• Sanctions

PAPER 2

CONFLICT MANAGEMENT AS A PRODUCTIVITY IMPROVEMENT TOOL Content

• Functions and Dysfunctions of conflict in organisation

• Anger Management • Listening and Non-Verbal

Communication Skills in managing conflicts

• Disputes resolution methodologies • conflicts management PAPER 4

CONFLICT MANAGEMENT FOR IMPROVED PRODUCTIVITY – A PRACTICAL APPROACH Content

Case Studies

OKE EZEKIEL TUNDE (15119) In-House I have become more innovative in my day to day activities in and out of the office. I have also become globally more aware of things and events around me.

40

THEME 3

STRATEGIC PLANNING FOR BUSINESS SUCCESS

Objectives

At the end of the Seminar, participants should be able to:

• Explain the Strategic Planning Process • Apply their own Strategic Plan either on a Project or at organisational level • Communicate Strategic Planning Goals to Team Members • Utilise Strategic Planning to ensure Business Success

PAPER 1 DEVELOPING A STRATEGIC PLAN FOR ENSURING BUSINESS SUCCESS – THE BASICS

Content

• Concept of Strategy • The need for Strategic Planning in business • Characteristics of a useful Strategic Plan • Strategic Planning Models

PAPER 3 MANAGING THE STRATEGIC PROCESS FOR BUSINESS SUCCESS Content

Managing the Strategic Planning Process: Issues and Challenges

Evaluation and Control of the Process Strategic Planning Process: Global Best

Practices

PAPER 2 IMPLEMENTING STRATEGIC PLANNING PROCESS TO ENSURE BUSINESS SUCCESS: KEY ISSUES

Content • The Strategic Planning Process • Template for a Strategic Planning • Session • Formulating and Executing an Effective • Strategic Plan • Communicating Strategic Planning Goals to team members and other stakeholders

PAPER 4 STRATEGIC PLANNING FOR BUSINESS SUCCESS – A PRACTICAL APPROACH

EJEH GODWIN (20356) In- House It has reminded me of gaps in learning and helped to take proactive steps to bridge the gap.

41

Offshore Retreat for Professionals in the Public Sector

SYNOPSIS

The Transformation Agenda of the present administration in Nigeria covering the period 2011 – 2015 has set a very high standard for the work of public servants in Nigeria. It calls for not only a proper understanding of its thrust and expectation, but also requires a workable framework that will enable Ministries, Government Departments and Agencies align their strategic priority and performance management framework to its key elements. Furthermore, it calls for understanding and application of the management tools that will facilitate the planning, organisation and control of work in each MDA to enhance the ability of the MDAs to meet government expectation.

It is against this against that ICAN has arranged this retreat to equip public service officials with the capacity to deliver their quota to the success of the transformation agenda. DAY 1

TRANSFORMATION AGENDA

PAPER 1: Overview of the transformation agenda 2011 - 2015 PAPER 2: Framework for aligning MDA strategies plan with the Agenda and Cascading Key Performance Indices (KPls) to units DAY 3

PENSION ADMINISTRATION IN THE PUBLIC SECTOR

PAPER 5: Pension Reform Act – Assessment of the Implementation of the Act

PAPER 6: Implication of Pension Reform Act 2004 for retirement planning by public servants

DAY 2

DEVELOPING STRATEGIES FOR ALTERNATIVE REVENUE SOURCES IN THE PUBLIC SECTOR

PAPER 3: Alternative sources of revenue generation in the public sector

PAPER 4: Accountability and controls of revenue generation in the Public Sector DAY 4

LEADERSHIP IN THE KNOWLEDGE AGE

PAPER 7: Understanding the key leadership issues

Closing and excursion

RISGOT, G. (24057) Lagos MCPE has enhanced me in all ways and building more confidence in job delivery.

EXECUTIVE CONTINUING PROFESSIONAL EDUCATION (ECPE)

42

THEME 1

EMERGING REFORMS IN THE TAX SECTOR: ISSUES AND CHALLENGES

SYNOPSIS

Governments around the globe are increasingly under pressure to reform tax systems: lower tax rates, provide tax incentives to attract foreign investments and enforce compliance while protecting their tax bases as counter measures to the global financial crisis. There is no one-size-fit-all strategy or easy answer to these challenges given that changes will undoubtedly come with different tax implications for businesses, tax professionals and administrators.

Relevant topics to update Stakeholders’ knowledge of various tax reforms in Nigeria and globally have been put together in this seminar.

Objectives

At the end of this course, participants will be able to: • Have a clear understanding of the new regulations in taxation • Relate the provisions of the IFRS regarding taxation to their work • Understand the workings of taxation as it relates to real estate and intangible properties PAPER 1

TAX ACCOUNTING AND REPORTING UNDER IFRS

Content

Overview of tax accounting and reporting

IFRS and tax reporting Accounting for uncertain tax positions Tax disclosure requirements Case study

PAPER 3

TAXATION AND TRANSFER PRICING

Content

• Overview of Transfer Pricing (TP) rules and regulations

• Key provisions of the OECD and UN guidelines on TP

• Legal bases for the introduction of TP in Nigeria

• Compliance and planning strategies • Case Study

PAPER 2

TAXATION OF REAL ESTATE AND INTANGIBLE PROPERTIES IN NIGERIA

Content

Overview of the Real Estate and Intangible Properties and emerging trends

Composition of intangible property and Real Estate

Tax administration of real estate and intangible property

Basis of valuation for tax purpose, rates and possible tax planning

The implications of the Land Use Act on investment and the need for its review

Case Study

PAPER 4

NEW FISCAL POLICIES AND TAX LEGISLATION: KEY ISSUES AND STRATEGIES

Content

Highlights of fiscal policies in the 2012 appropriation Act

Key provisions of the personal Income Tax (Amendment) Act

Implications for businesses and other tax payers

Tax planning opportunities Case Study

AZOGU, C. C. (5634) Lagos MCPE is a great refresher of knowledge and connector of colleagues.

EXECUTIVE MANDATORY CONTINUING PROFESSIONAL EDUCATION (EMCPE)

43

THEME 2

ENABLING COMPLIANCE WITH FINANCIAL REPORTING COUNCIL ACT 2011

SYNOPSIS

The Financial Reporting Act 2011 is landmark legislation for professionals or organizations that play roles in the financial reporting processes and Regulators. As Directors, CFOs and Partners, senior members of the Institute have major roles to play in successful compliance with the relevant provisions of the Act by their employers, practices and clients. This seminar seeks to equip them with the level of knowledge they require to perform their roles creditably, especially as they relate to internal and governance over which independent attestations will now be required.

Objectives

At the end of this course, participants will be able to:

• List the key provisions of the Financial Reporting Act 2011 • Identify the opportunities and implications of the Act for Affected Professionals • Explain the features of best practice Internal control frameworks and corporate governance • Discuss challenges to overcome in compliance with the law PAPER 1

OVERVIEW OF THE FINANCIAL REPORTING COUNCIL ACT 2011

Content • The need for Financial Reporting Council • Functions and powers of the Financial Reporting Council • Role of directorates of the Council • Registration of Professionals • Review and monitoring of standards • Offences and Penalties • Implementation challenges PAPER 3 FACILITATING ATTESTATION ON CORPORATE GOVERNANCE

Content

• The nature and elements of Corporate Governance • Best practices Corporate Governance framework • Role of Internal Audit in Corporate Governance • Framework for assessment of Corporate Governance • Benefits and challenges of Corporate Governance attestations

PAPER 2 FACILITATING ATTESTATION ON INTERNAL CONTROL SYSTEMS Content • The nature of Internal control • Best practices internal control framework • Internal control and internal audit • Framework for assessment of control • Benefits and challenges of internal control

attestation PAPER 4 IMPLICATIONS OF THE ACT FOR PROFESSIONALS IN THE FINANCIAL REPORTING CHAIN

Content

• The need for registration and control of professionals • Profiles of professionals covered by the Law • Implications of the Law for affected professionals • Recommendations for professionals

ADEFILA, A. T. (5953) Lagos

MCPE has greatly enhanced my job as a result of knowledge gain and enabled me to always think outside the box.

44

THEME 3

EMBEDDING IFRS AS THE STANDARD FOR FINANCIAL REPORTING

SYNOPSIS

Following the acceptance of IFRS adoption, corporate entities have no other option than to ensure compliance with all the standards contained in the IFRS document. This is also important as sanctions are attached to violations or improper compliance with the standrads. Therefore, organisations must embed all these standards in their financial processes to ensure financial reporting compliance. This program is designed to help clarify and provide practical approach to embedding the IFRS standards in financial reporting for any type of corporate organsiation covered by the Act.

Objectives

At the end of this course, participants will be able to:

Conduct IFRS readiness assessment Identify and manage IFRS implementation challenges Discuss and design strategies for emdedding IFRS in financial reporting Apply lessons learnt from other jurisdictions during IFRS implementation PAPER 1 CONDUCTING AN IFRS READINESS ASSESSMENT Content • The need for IFRS preparedness • Issues in IFRS readiness • Scope of IFRs readiness test • Analyzing IFRS readiness result

PAPER 3 STRATEGIES FOR EMBEDDING IFRS IN ORGANIZATIONS Content

• The need to embed IFRS • Issues in embedding IFRS • Strategies of embedding IFRS

PAPER 2

DEALING WITH IFRS IMPLEMENTATION CHALLENGES Content • Overview of IFRS implement process • Typical IFRS implementation challenges • Solutions to IFRS implementation challenges

PAPER 4

LESSONS ON EMBEDDING IFRS OTHER JURISDICTION

Content

• Overview of Key territories in which IFRS has been applied • Lessons from implementation in Africa, Europe and Asia • Recommendations for Nigerian organizations

NNAJI, G. (20601) Lagos MCPE has been of tremendous help in resolving some accounting issues in the workplace.

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THEME 4

SUSTAINING EFFECTIVE PROFESSIONAL PRACTICE

SYNOPSIS

Professional practice has been the bedrock of accountancy training and sustenance of accounting standards. The effective practice management becomes a core obligation of practice firms. The situation is changing today due to proliferation of practice firms where the managers are not yet fully matured to start practice but forced to do so due to frustrations in existing firms (usually succession issues). The overall impact of poor succession plans and fair compensations in the big firms can be associated with the declining standards in the accounting practice. There is therefore, the need to discuss and find solutions to developing effective practice beyond the owners.

Objectives

At the end of the course, Participants should be able to:

• Discuss the impact of succession management on the firm’s survival • Relate effective practice experience to the sustenance of practice standard • Operate in a developed practice environment and fulfill own ambitions • Manage a practice based on professional best practices PAPER 1 THE PROFESSIONAL STANDARDS FOR PRACTICING FIRMS Content • The need for professional standards in

practice management • Professional standards for practice

management • Challenges in maintaining professional standards in Nigeria • Strategies for maintaining professional standards

PAPER 3 PRACTICE DEVELOPMENT IN TURBULENT TIMES

Content

• The nature of turbulent business environment

• Scope of practices development • Strategies for developing professional practices firms in a dynamic and competitive environment • Ideas for successful deployment of practices improvement strategies

PAPER 2 PROFESSIONAL PRACTICE QUALITY CONTROL MANAGEMENT Content • The importance of Quality control in

practices management • Elements of internal control in practices work • Best practices framework for quality assurance in professional practices • Initiatives for establishing and institutionalizing practices quality control

PAPER 4 ROLE OF THE EXTERNAL AUDITORS IN IFRS CONVERSION AND IMPLEMENTATION Content

Role of the External Auditors in IFRS Conversion and Implementation

Overview of IFRS Conversion Methodology The challenges in assurance issues in IFRS

conversion and implementation Strategies for enabling a seamless

assurance services in IFRS transition

OKUNADE, M. B. (7144) Lagos As a consultant, MCPE seminars have contributed immensely in updating my knowledge and skills.