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Seminar On Tax Implications Of International Financial Reporting Standards - Politics - Nairaland

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Seminar On Tax Implications Of International Financial Reporting Standards by IjewereCo: 12:21pm On Jun 20, 2012
[size=16pt]IJEWERE & Co. presents[/size]

[size=15pt]Seminar On Tax Implications of International Financial Reporting Standards (IFRS) Module2[/size]

[size=14pt]16th -18th April,2013 | Wheatbaker Hotel, Ikoyi[/size]

[size=15pt]Seminar Fee:[/size]The fee per participant is as follows:

• Ijewere & Co. Clients:........N165,000.00 per participant
•Others: .....................N180,000.00 per participant
download information brochure[http://www.ijewere.com/Seminar_Brochure.pdf]
fill online nomination form[http://www.ijewere.com/nomination.php]

.........................................................................................................................

The pronouncement of the Federal Executive Council (FEC) for
the adoption of International Financial Reporting Standards (IFRS) on 28 July 2010 has seen some companies implementing the IFRS while others are taking the wait and see approach. This is inspite of the fact that the pronouncement requires mandatory adoption of the standard by all companies that are classified as Significant Public Interest Entities, other public interest entities including government and government businesses.
Implementation experience by companies has shown that the tax implications of IFRS adoption in Nigeria remain controversial and is not yet fully understood. Based on topical issues examined> during the Module 1 Seminar on the Tax Implication of IFRS Adoption in Nigeria organised in 2012, the Federal Inland Revenue Services (FIRS) issued draft Circular No. 2012/ of October, 2012 titled
While this circular has addressed some issues, many remain unclarified and are still controversial. In view of this and based on the commendations and request by the participants in Module 1 and across industries, we hereby announce arrangements for the SECOND MODULE of the seminar.

The second module will clarify FIRS position on Tax Implication of the adoption of IFRS in Nigeria as well as highlight areas that remain controversial and how companies can deal with such situations in order to comply with both the Financial Reporting regulatory requirements of Financial Reporting Council as well as tax laws being administered by FIRS. In addition about 20 standards not covered in the first Module will be considered along with implications of the FIRS circular.



These standards include industry -specific standards and are as follows:

• IAS 2 - Inventory • IAS 17 – Leases
• IAS 20 – Government Grant
• IFRS 4 – Insurance Contracts
• IFRS 5 – Non- current Assets held for Sale
• IFRS 6 – Exploration and Evaluation Assets
• IFRS 13 – Fair Value Measurement
• IAS 27 – Consolidated and Separate Financial Statements
• IAS 28 – Associate
• IAS 31 – JointVenture
• IFRS 3 – Business Combination
• IFRS 8 – Operating Segment
• IFRS 10 – Consolidated Financial Statements
• IFRS 11 – Joint Arrangements
• IFRS 12 – Disclosure of Interests in Other Entities
• IAS 32 – Presentation of Financial Instruments
• IAS 37 – Provisions
• IAS 39/IFRS 9 – Financial Instruments
• IAS 41 – Agriculture – Valuation (Specific)
• IFRS 2 – Share Based Payment
• IFRS 7 – Disclosure of Financial Instrument




download information brochure http://www.ijewere.com/Seminar_Brochure.pdf] | fill online nomination form[http://www.ijewere.com/nomination.php]


The participants expected are:

• Treasurers and Financial Controllers of companies;
• Tax managers of companies, including oil and gas companies;
•Chartered Accountants, Management Consultants,
• Auditors and Tax Practitioners;
• Tax Administrators of Federal, States and Local
• Government Tax Authorities;
• Investment and Portfolio Managers;
• Pension Fund Managers and Assets Management
• companies; and
• Tax Managers and Compliance Officers on regulatory
• matters of companies.

VENUE: WheatBaker Hotel, Ikoyi

The facilitators shall be drawn from seasoned IFRS and tax experts and
shall include the underlisted persons.



R. O. Jegede
Managing Partner, Ijewere & Co.

A tax practitioner with over
30 years cognate experience in tax
consulting and advisory.
E. A. Adeleke
Partner, Ijewere & Co.

Mr. Adeleke, a well versed tax practitioner and partner in the firm of Ijewere & Co.

K. V. Oyetoyan
Partner, Ijewere & Co.

Mr Kunle Oyetoyan is seasoned tax practitioner and partner in Ijewere & Co.
Oluyemi Abaolu-Johnson
Managing Director, Basicals

Oluyemi is an astute accountant, risk manager and consultant. He trained with PricewaterhouseCoopers and Deloitte and had hands on experience with Sarbanes Oxley engagements,business risk assessment, process improvement, compliance audits, financial audits, process audits, tax, finance, financial and business modelling, etc


Ayodele Ariyo

Ayo Ariyo is a finance professional with several years of proven practical experience in financial services, accounting, audit, business process analysis, risk management and business development in major sectors of the economy such as banking, telecommunications, oil and gas, and construction.

Seminar Fee
The fee per participant is as follows:
• Ijewere & Co. Clients:........N165,000.00 per participant
•Others: .....................N180,000.00 per participant

There is 10% discount for at least three (3) participants from the same organisation.


Contacts
For more information please contact the under-listed:

Kunle Apata - 0805 349 8304; 0810 000 0913

Christie Fofah - 0805 349 8325; 0803 470 0805

Moruf Sanni - 0805 349 8361; 0703 889 7758

Email:ifrstax@ijewere.com
You can download information brochure [http://www.ijewere.com/Seminar_Brochure.pdf] | fill online nomination form[http://www.ijewere.com/nomination.php]

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