EXECUTIVE TRAINING 2018 - Institute of Chartered ...

1 To be a leading global professional bodyTo produce world-class Chartered Accountants,regulate and continuously enhance their ethical standardsand technical competence in the public interest(Established by ACT of Parliament No. 15 of 1965)THE Institute OF Chartered ACCOUNTANTS OF NIGERIA 03 ICANMISSION STATEMENTVISION STATEMENT04 OTHERSSECTORSACCOUNTING FOR AGRIC/MINING/NOT-FOR-PROFIT ORGANISATIONSCONTINUING PROFESSIONAL EDUCATION (CPE) EXECUTIVE MANDATORY CONTINUINGPROFESSIONAL EDUCATION (EMCPE)CAPITAL MARKET SUB-SECTORBANKING SUB-SECTORISLAMIC FINANCE SUB-SECTORMINING SUB-SECTOROIL AND GAS SUB-SECTORENERGY SUB-SECTORINSURANCE SUB-SECTORTAX PRACTICE SECTORACCOUNTANCY,AUDIT ANDINSOLVENCY SECTORMANUFACTURING SECTORPUBLIC SECTOR ASSOCIATIONS / ORGANISATIONSCOLLABORATION WITH PROFESSIONAL CONSULTANCY SECTORAGRICULTURAL SECTOR EDUCATION SECTORHAPPINESS AND POSITIVITY SECTORINFORMATION TECHNOLOGY SECTORTELECOMMUNICATIONS SECTORGENERAL MANAGEMENT PRACTICE SECTORFINANCIAL SERVICES SECTOREXTRACTIVE INDUSTRY SECTORTo continuously update the technical skills and competencies of Chartered Accountants and participants at our TRAINING courses through value added TRAINING programmes provided at minimum costs and designed to enhance their productivity and social responsiveness ObjectivePhilosophy Continuous development of knowledge and expertise is a fact of life

2 In today's MCPE?Knowledge is a perishable commodityIt becomes obsolete with the passage of timeIt has to be re-affirmed, unlearned, re-learnt and practised at all timesSkill renewal through continuous formal TRAINING is, therefore, inevitableMCPE 05 ContentsPageICAN Vision and Mission Programmes for the of Contents ..MCPE Objectives, MCPE Philosophy, Why MCPE? ..Review of the 2017 MCPE In-House of Year 2018 Credit Hours Compliance & of & of , Transfers & Enquiries ..Seminar Dates, Zones, Sectors & Professional Education (CPE) Seminar Mandatory Continuing Professional Education (EMCPE) Seminar Professional Education (CPE).. EXECUTIVE Mandatory Continuing Professional Education (EMCPE).

3 Accountancy, Audit and Insolvency Sector ..Accounting for Agric/Mining/Not-for-Profit Organisations with Professional Associations & ..Entrepreneurship Sector ..Extractive Industry Sector: Mining; Oil Services Sector: Banking; Capital Market; Insurance; Islamic Management Practice Sector ..Governance & Politics Sector ..Happiness & Positivity Sector ..Information Technology Sector ..Manufacturing Sector ..Tax Practice OF 2017 PROGRAMMEThe 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 with skills and technologies to its members in line with IFAC objective.

4 With the world becoming a global village, ICAN has extended her TRAINING beyond the shores of Chartered Accountants to include all that need skill and knowledge improvement. The review carried out to make seminars relevant and meet the needs of members and users of our TRAINING services was quite rewarding. This was attested to by the wide acceptance and high turn-out of participants at the newly introduced Entrepreneurship and Agricultural Sectors programmes. These topics came at a time when Chartered Accountants desired diversification to moderate the effect of economic all, a total of ninety (90) seminars were conducted successfully in twenty (20) locations across the country. MCPE has been a sustained clinical rejuvenation of accountants for constituent value addition (MB No.)

5 6503) MCPE enlarged my horizon in various aspects of my endeavour (MB No. 8138) My firm has greatly been improved, reorganised forbetter service delivery through MCPE (MB No. 8166)07 Location MCPE EMCPE IN- HOUSE Abuja 3 4 Lagos 4 4 36 Akure/Asaba/Benin- 17 City/Calabar/Ibadan/ Ilorin/Kaduna/Onitsha/ 1 Owerri/Uyo/ Enugu/ Warri/Jos/Awka/ Abeokuta/ Kano/ Makurdi (1 in each location) Port-Harcourt21 TOTAL4442 CPE184008 MCPE In-House SeminarsThe Institute conducted In-House seminars in the following organizations:S/N ORGANISATION1 ADDAX Petroleum2 Airtel Nigeria3 ALCON Nigeria4 Asset Management Corporation of Nigeria (AMCON)5 Chevron Nigeria Limited6 Dangote Group7 Emerging Market Telecommunications Service (ETISALAT)8 FIRS9 General Electric10 IHS Africa11 KPMG Professional Services12 Lafarge Cement Plc13 MTN Communications Limited14 Nigerian Bottling Company Plc15 Nigerian Breweries Plc16 Nigerian Deposit Insurance Corporation (NDIC)17 Office of Auditor-General for the Federation18 PriceWaterhouseCoopers19 PZ Cussons Nigeria Plc20 Seven-up Bottling Company21 Shell Nigeria Exploration & Production Company Limited (SNEPCO)

6 22 Stanbic IBTC Bank Plc23 Sterling Bank Plc24 Zenith Bank Plc09 SEMINARSMCPE/ConferencesCPEEMCPET opic SpecificIn-HouseAccreditation/OthersTOTA L201720169,7729,612183115185122-2171,734 1,88220,89523,91232,76935,860 SUMMARY OF ATTENDANCE AT SEMINARS, WORKSHOPS, CONFERENCES, MEETINGS, ETC, FOR 2017/2016 THRUST OF 2018 MCPE PROGRAMMESThe TRAINING to be offered in 2018 is the result of comprehensive analysis of feedback and the continually changing world space where we operate. The list is designed to ensure that every course offered addresses the needs of our members, responds to markets trends and fill the knowledge TRAINING courses have therefore been expanded to cater for the needs of our target audience.

7 Two broad industry sectors were created with sub-sectors: (1) Extractive Industry Sector (Mining, Oil & Gas) and (2) Financial Services Sector (Banking, Capital Market, Insurance and Islamic Finance). Also for inclusiveness, the following new sectors were included in the TRAINING programme for 2018: Accounting for Agriculture/Mining/Not for-Profit Organisations; Collaboration with Professional Associations/ Organisations; Governance & Politics, Happiness & Positivity and E-Learning are also partnering with organisations on In-house programme that is designed to directly address peculiar business and work challenges. The in-house TRAINING is for appropriate group size, has the benefits of flexibility and cost principal benefits of MCPE are as follows:?

8 Provide the knowledge, skills, values, ethics and attributes required for life-long learning with focus on participants identify areas of development which are relevant to and support their careersfrom members Energy, 10?Provide effective skill renewal through continuous formal TRAINING ?Provide the avenue for continuous update of technical and soft skills of Chartered Accountants?Enhance the productivity, efficiency and social responsiveness of participants?Re-assure employers and the public that members keep themselves abreast of current developments and employ an ethical approach to their duties?Facilitate access, monitor and ensure relevant, measurable and verifiable compulsory professional development activities?

9 Provide particpants with an accessible range of services that will help them maintain and develop their expertise?Provide members with veritable networking opportunities?Provide members opportunity to comply with IFAC SMO 2/IES 7 on Continuing Professional Development to retain status as Chartered AccountantsTo sustain these benefits, each course has been designed to generate in-depth, highly interactive and practical sessions to cater for members' professional needs. MCPE trainings are highly educative, innovative and enhance best professional practices (MB No. 11621) MCPE is a nice way to sharpen the saw and remain relevant in knowledge world (MB No. 8894) MCPE has encouraged me to study more to be in line with current trend(MB No.)

10 9733)11 MCPE CREDIT HOUR REQUIREMENTSMCPE COMPLIANCE AND SANCTIONSIn order to maintain professional competence and ensure the exercise of due care at all times, a Chartered accountant is required to fulfill the requirements of and participate in MCPE learning activities that are relevant to his or her current and future work and professional member is required to obtain a minimum of thirty (30) verifiable credit hours in a year, this could be obtained solely from structured seminars or a combination of structured and unstructured seminars. The structured seminars or active learning involves interactive and participatory based study such as: 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, Academics Conference (ACAF), PAFA Congress, Zonal Accountants' Conference and Accountancy Bodies in West Africa (ABWA) Congress.