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. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. ICAN Vision and Mission Statements. Table of Content MCPE Objectives, MCPE Philosophy, Why MCPE? Introduction.. Review of the year 2011 Programme In-House Seminars.. Thrust of the Year 2012 Programme. MCPE Credit Hours Requirements.. MCPE Compliance & Sanctions.. Accreditation of Seminars/Workshops Duration & Fees............................................................. Method of Payment... Cancellations & Transfers, Enquiries . Seminar Dates, Zones, Sectors & Locations Continuing Professional Education (CPE) Seminar Dates Executive Mandatory Continuing Professional Education (EMCPE) Seminar Dates Topic Specific Programme Intensive IFRS Conversion Training I Executive CPE (Offshore Retreat for Professionals) Accountancy and Audit/Insolvency Sector . Banking Sector.............................................................. Capital Market and Insurance Sector Consultancy Sector t General Management Practice Sector .. Information Technology Sector ... Manufacturing Sector.. Petroleum and Energy Sector ............................. Public Sector Accounting Tax Practice Sector.... Telecommunications Sector Continuing Professional Education (CPE).. Executive Continuing Professional Education (ECPE) Executive Mandatory Continuing Professional Education (EMCPE).............................................. 1 2 3-4 5 5 6 6 6-7 7 7-8 8-9 9 9 10 11 12 13 14 15 16-17 18-19 20-21 22-23 24-25 26-27 28-29 30-31 32-33 34-35 36-37 38-40 41 42-45

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 todays 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. That is the essence of MCPE.

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 todays 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 Abuja Lagos Ibadan Asaba/Benin-City, Calabar/Ilorin/ Jos/Kaduna/Kano/ Owerri/Uyo/Enugu/Warri Port-Harcourt TOTAL MCPE 3 20 2 1 in each location (11) 2 38 CPE 4 EMCPE 3

2011 MCPE In-House Seminars

The Institute conducted InHouse seminars in the following organisations in the year 2011: ORGANISATIONS Chevron Nigeria Plc BGL Plc MTN Communications Limited Nigerian Bottling Company Limited PZ Cussons Limited Shell Petroleum Development Corporation, Port Harcourt Shell Nigeria Exploration & Production Company Limited GlaxoSmithKline PLC British American Tobacco Skye Bank Zenith Bank Plc TOTAL NUMBER OF STREAMS 1 1 4 2 1 1 1 2 1 2 7 23

Summary of 2011 MCPE Seminars

SEMINARS MCPE/Conferences CPE EMCPE In-House Others TOTAL RUNS 38 4 3 23 STRUCTURED UNSTRUCTURED ATTENDANCE 8894 70 97 1143 7866 18,070

As part of the Institutes 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.

To develop members skills, the Institutes 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 Institutes 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 Institutes 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 Institutes 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.

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: PAYMENT MADE ONE WEEK BEFORE THE SEMINAR(N) 20,000 30,000 (35,000 non members) 80,000 (85,000 non members) 80,000 (85,000 non members) US$ 2,000 PAYMENT MADE AT THE VENUE (N) 25,000 35,000 (40,000 non members) 85,000 (90,000 non members) 85,000 (90,000 non members) No payment at the venue

S/NO SEMINAR TYPE 1 2 3 4 5 MCPE CPE EMCPE IFRS & Accounting for non-accountants Offshore ECPE

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 Institutes 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. 2. 3. Refund of 100% of fees paid would be made on request if cancellation is made within 14 days or more before the event. Transfers to other programmes can be made if requests are received within 7 days or more before the commencement of the programme paid for. 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 Institutes Professional Training Programmes, please call on or write to:
Registrar/Chief Executive Plot 16, Idowu Taylor Street Victoria Island Lagos Telephone: 01 76422495 6 Fax: 01 4627048 e-mail: info.ican@ican.org.ng Website: http/ www.ican-ngr.org OR Members Education & Training Department ICAN Annexe 82, Murtala Mohammed Way Ebute-Metta, Lagos Telephones: 01- 7917234 (DL) 01 7642297 - 8, 4705336, 7740627 Fax: 01 - 4627048 e-mail: met@ican.org.ng

Seminar Dates, Zones, Sectors and Locations

S/N

ZONE
Lagos Lagos Warri Lagos Enugu Ilorin Abuja Lagos Lagos Lagos Ibadan Lagos Uyo Lagos Asaba Kaduna Abuja Lagos Owerri Lagos Jos Lagos Benin-City Lagos Kano Lagos Calabar Lagos Lagos Ibadan Lagos Abuja Lagos Port-Harcourt Lagos Lagos Lagos

SECTOR
Tax Practice Capital Market/Insurance Public Sector Accounting General Management Practice Consultancy Accountancy, Audit & Insolvency Banking Information Technology Consultancy Public Sector Accounting Consultancy Accountancy, Audit & Insolvency Public Sector Accounting General Management Practice Accountancy, Audit & Insolvency Tax Practice Accountancy, Audit & Insolvency Telecommunications Petroleum & Energy Tax Practice Public Sector Accounting Consultancy General Management Practice Capital Market & Insurance Public Sector Accounting Tax Practice Consultancy Public Sector Accounting Consultancy General Management Practice Manufacturing Tax Practice Telecommunications Tax Practice Banking Petroleum & Energy Accountancy, Audit & Insolvency

DATES
March 28 29 April 11 12 April 18 19 April 18 19 May 02 03 May 02 03 May 09 10 May 09 10 May 23 24 June 06 07 June 13 14 June 13 14 June 27 28 June 27 28 July 11 12 July 11 12 July 25 - 26 July 25 26 August 01 02 August 01 02 August 08 - 09 August 08 09 August 15 - 16 August 15 16 August 29 30 August 29 30 September 12 - 13 September 12 13 October 24 25 October 24 25 November 07 08 November 14 15 November 14 15 November 28 - 29 November 28 29 December 05 06 December 12 - 13

LOCATIONS
Lagos Airport Hotel, Ikeja Lagos Airport Hotel, Ikeja Hotel Charles David Lot, 5/7, Evive Close, 83, Airport Road, Effurun, Warri, Delta State Lagos Airport Hotel, Ikeja Roban Hotels, Ukwa Street, Independence Layout, Enugu Royal Shekinah Suites, Ajase Ipo Road, Opposite MRS Filling Station, Ilorin, Kwara State. Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja Lagos Airport Hotel, Ikeja Lagos Airport Hotel, Ikeja Lagos Airport Hotel, Ikeja University of Ibadan & Conference Centre UI Ventures, Ibadan, Oyo State Lagos Airport Hotel, Ikeja Multipurpose Hall, Governors Office Annexe, Wellington Bassey Way, Uyo, Akwa Ibom State Lagos Airport Hotel, Ikeja Nelrose Hotel, Government Road, GRA Asaba, Delta State NAF Club, Rabah Road, Kaduna Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja Lagos Airport Hotel, Ikeja
New Castle Hotels, Plot 14, Area A, New Owerri, Off Owerri Port Harcourt Expressway, Owerri, Imo State

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37.

Lagos Airport Hotel, Ikeja Elim Top Suites, No. 1 Golf Course Rd, Mai-Adiko, Rayfield, Jos Lagos Airport Hotel, Ikeja Bishop Kelly Pastoral Centre, Airport Road, GRA, Benin - City Lagos Airport Hotel, Ikeja Horizon Hotel, 5 Courthouse Close, Off Miller Road, Bompai, Kano Lagos Airport Hotel, Ikeja Channel View Hotel, MCC Road Calabar, Cross River State Lagos Airport Hotel, Ikeja Lagos Airport Hotel, Ikeja University of Ibadan & Conference Centre UI Ventures, Ibadan, Oyo State Lagos Airport Hotel, Ikeja Sharon Ultimate Hotel, Plot 1710, Tafawa Balewa Way, Area 3, Garki, Abuja Lagos Airport Hotel, Ikeja L A Kings Complex, Plot 267, GRA Phase IV, Stadium Road, Elekahia, Port Harcourt, Rivers State Lagos Airport Hotel, Ikeja Lagos Airport Hotel, Ikeja Lagos Airport Hotel, Ikeja

Note: A change in seminar dates/venues would be uploaded on the Institutes 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).

10

Continuing Professional Education (CPE)

For Members and Non-members of ICAN Venue: Lagos Airport Hotel Ikeja, Lagos Venue for CPE 1: (April 24 25) Kano: Horizon Hotel, 5 Courthouse Close,
Off Miller Road, Bompai, Kano

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

Fees: Pre-payment (a week before) Members: Non-Members: Credit Hours: 15 units N30, 000 N35, 000

At the venue (corporate cheque or bank draft)

N35,000 N40,000

11

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 SUSTAINING EFFECTIVE PROFESSIONAL PRACTICE

4.

December 12 13

Pre-payment (a week before) Fees: Members Non-Members Credit Hours: N80,000 N85,000

At the venue (corporate cheque or bank draft) N85,000 N90,000

15 units

12

Topic Specific Programme

Venue: Lagos Airport Hotel Ikeja, Lagos Venue for IFRS Training 2: (Feb. 20 -24) Port Harcourt: L. A. Kings Complex, Plot 267, GRA Phase IV, Stadium Road Elekahia, Port Harcourt, Rivers State

1.

January 23 27

2.

February 20 24

INTENSIVE IFRS CONVERSION TRAINING

3. February 27 March 02

4.

June 18 22

5.

May 07 11

ACCOUNTING FOR NON-ACCOUNTANTS SEMINAR

Pre-payment (a week before) Fees: Members Non-Members N80,000 N90,000

At the venue (corporate cheque or bank draft) N85,000 N95,000

13

Intensive IFRS Conversion Training

Day 1 - INTRO & PREPARATION OF FINANCIAL STATEMENTS The nature and operations of the IASB The status and use of IFRSs around the world Presentation and profit Case study Day 2 - ASSET RECOGNITION AND MEASUREMENT 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 Day 3 - FINANCIAL INSTRUMENTS & ACCOUNTING FOR LIABILITIES 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

Day 4 - BUSINESS COMBINATION & SPECIALISED INDUSTRIES 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

Day 5 - IFRS IMPLEMENTATION & DISCLOSURE REQUIREMENTS 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

Case study

14

EXECUTIVE CPE
OFFSHORE RETREAT FOR PROFESSIONALS
(MEMBERS AND NON-MEMBERS)

THEME:
HIGH PERFORMANCE STRATEGY FOR THE PUBLIC SECTOR ACCOUNTANT

DATE: April 22 -27, 2012 VENUE: ACCRA, GHANA

15

ACCOUNTANCY, AUDIT & INSOLVENCY SECTOR

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 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 Concepts of Auditors independence Statutes, professional standards and Auditor independence Perception of the Auditors independence Factors enhancing Auditors independence Case Study

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.

16

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

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 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 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.

17

BANKING SECTOR
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.

18

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

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 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 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.

19

CAPITAL MARKET & INSURANCE SECTOR

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

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 The ownership structure of stock exchanges The concept of Demutualisation Benefits and Challenges of Demutualisation Experiences from advanced capital markets Case Study

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.

20

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 insurancerelated 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

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 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

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.

21

CONSULTANCY SECTOR
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 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 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 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.

22

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.

23

GENERAL MANAGEMENT PRACTICE SECTOR

SYNOPSIS
In todays 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 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

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

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.

24

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

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 Diversity and Inclusiveness Diversity In Contemporary Business Environment and its implications Models of Diversity Management Overcoming Resistance to Managing Inclusiveness The Leaders Role in Harnessing Diversity for inclusiveness Case Study

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.

25

INFORMATION TECHNOLOGY SECTOR

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 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 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 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.

26

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

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 Overview of Digital Forensics Tools and Techniques of Digital Forensics Risks and Rewards of Digital Forensic Investigation Case Study

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.

27

MANUFACTURING SECTOR
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 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 TOPIC 2 ENHANCING MANUFACTURING EFFICIENCY USING SIX SIGMA TECHNIQUE Objectives

Content 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 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.

28

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

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 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

Content Overview of Supply Chain Process Principles and Concept of Optimisation techniques as applicable to SC Typical SC Finance Managers 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.

29

PETROLEUM & ENERGY SECTOR

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 countrys 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

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 Sectors 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 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 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.

30

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

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 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 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.

31

PUBLIC SECTOR ACCOUNTING

SYNOPSIS To achieve the nations 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 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 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 Overview of ICANs 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

32

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

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

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

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.

33

TAX PRACTICE SECTOR

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

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 Nigerias tax legislation and administration

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

34

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

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 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 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.

35

TELECOMMUNICATIONS SECTOR
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 years 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

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 Content Revenue profile of Telcos Challenges of revenue accounting in Telcos Recognition and measurement of revenue: IFRS perspective Disclosure requirements Case Study 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.

36

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 Nigerias 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.

37

CONTINUING PROFESSIONAL EDUCATION (CPE)

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 institutes 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 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 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 Nigerias 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 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.

38

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 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 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 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.

39

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

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

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.

40

EXECUTIVE CONTINUING PROFESSIONAL EDUCATION (ECPE)

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.

41

EXECUTIVE MANDATORY CONTINUING PROFESSIONAL EDUCATION (EMCPE) 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.

42

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 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 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 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.

43

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

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 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.

44

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 firms 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 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 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 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.

45