IFRS Adoption for HR & Reward Practitioners | KPMG | NG

Implications of IFRS Adoption for HR & Reward Practitioners

Implications of IFRS Adoption for HR & Reward Practitioners

11 July 2017, 9:00AM - 5:00PM, WAT

Course Objectives

IFRS adoption is spreading very fast, as a globally accepted international accounting standard. In Nigeria,the take-off dates for the Standard were: 

• Listed companies – January 2012;
• Non-listed companies – January 2013;
• Small and medium scale enterprises – January 2014.

The new accounting standard introduces sweeping changes and new challenges that span all functions in an organization, including HR.

This course is designed to equip HR and Reward practitioners with the knowledge and skills required to effectively discharge their changing responsibilities upon adoption of IFRS.

Course Outline
• Overview of accounting standards and standards organizations
• General knowledge of developments related to IFRS adoption in Nigeria
• Broad overview of accounting and its purposes
• Knowledge of the relevant IFRS standards that directly impact HR and Rewards, including  comparison with existing Nigerian Accounting
Standards – IFRS 2 (Share- Based Payments); IAS 19 (Employment Benefits); IAS 26 (Accounting and Reporting by Retirement Benefit Plans)
• IFRS valuation and reporting requirements for pay plans such as benefits, share based schemes, short term incentives, termination benefits, defined benefits and contribution retirement plans, etc
• HR and Rewards practitioners’ role in valuation and reporting requirements of IFRS
• Compensation plan areas that might require revision in the light of IFRS adoption
• Other roles of HR such as providing skills assessment, training, recruitment of talents to drive company’s IFRS plan and strategy, communication of any changes to employees

 

Fee Timing
N100,000 per participant, exclusive of VAT. 5% discount for 3 to 4 participants and 10% discount for 5 participants and above

Duration: 1 Day

Dates: July 11, 2017

Time : 09:00 AM - 05:00 PM

Venue/Location Who Should Attend?
KPMG Tower
Bishop Aboyade Cole Street
Victoria Island,
Lagos, Nigeria.
• HR and Reward Practitioners
• Managers and team leads who typically act as champions and role models & mentors for their team members
• Finance functions that liaise with HR for costing, funding and accounting for Rewards programmes
• Union members who need to improve their knowledge of Rewards and how it affects union members
• Senior and executive management roles that need to enrich and broaden their knowledge on Rewards

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