In line with our commitment to enhance the knowledge base of the finance professionals, we are pleased to announce our next training program on IFRS, IND AS and US GAAP on 15th & 16th December, 2012. In both face-to-face (for participants from Delhi) and online virtually-live classes mode (for participants from outside New Delhi). The course has been structured to provide advanced in-depth knowledge and practical challenges around IFRS, IND AS and US GAAP.
Background
"Vasudhaiva Kutumbakam” – Sanskrit phrase, meaning "Whole world is one Family” is fast becoming a reality. We live in the world of globalization. More and more businesses now operate in different geographies. From accounting point of view, focus has been shifting from national to international standards, promoting the synchronization of accounting standards across the globe.
India is fast becoming the back-office to the world. In times to come, India would be top supplier of finance and accounts professionals to the world. Therefore it is imperative for finance professionals to have command over financial reporting as per the three major accounting standards; IFRS, IND AS and US GAAP.
The application of IFRS will lead to better financial comparisons and enhanced transparency in financial reporting.
a. Overall cost of financial reporting comes down for corporates operating in different parts of the globe after the implementation of IFRS.
b. Investors’ confidence goes up for an IFRS compliant financial statement, thereby, increasing the flow of capital, which will bring down the cost of capital particularly in countries like India where interest rates are still high.
Who can join IFRS/IND AS/ US GAAP training?
a. All Finance Professionals with qualifications like B.Com, M. Com, CA, CWA, CS, MBAs
b. All finance professionals from entry level to top positions dealing with financial reporting
c. Accountants, Auditors, Tax Consultants, Investment Analysts
Who should join IFRS/IND AS/ US GAAP training?
a. Professionals wanting to expand their knowledge
b. Professionals seeking a break in a large global organization
c. Finance professionals seeking opportunities globally in places like US, EU, Middle East etc.
d. Independent consultants pitching for consulting assignments from multinational companies
Course Contents:-
1st Day: IFRS v/s IND AS:
· Overview on International Financial Reporting Standards (IFRS)
· Discussion on Accounting Standards and 35 IND AS recently notified by the Ministry of Corporate Affairs (MCA)
· Presentation of Financial Statements as per IFRS and Revised Schedule VI
· First Time Adoption of IFRS and Practical Challenges in Adoption
· Discussion on the Conceptual differences between Indian GAAP and IFRS
· Comparative analysis of IFRS and Indian GAAP including Ind. AS
· Discussion on the Carve-outs of IND AS by the MCA to make them more suitable for local need of entities operating in Indian economic environment.
· Discussion on the Tax Accounting Standards (TAS) proposed by Central Board of Direct Taxes (CBDT)
· Discussion on the recently issued IFRS and Convergence progress with US GAAP
2nd Day: US GAAP v/s IFRS:
· Overview of US Generally Accepted Accounting Principle
· Discussion on the Codification of US GAAP – Accounting Standards Codification by the Financial Accounting Standard Board (FASB)
· Presentation of Financial Statements as per US GAAP - Format and Contents.
· Revenue Recognition principle under US GAAP and their application in practical scenario’s
· Fixed assets capitalization and amortization under US GAAP
· Discussion on the Conceptual differences between Indian GAAP and US GAAP
· Comparative analysis of Indian GAAP, US GAAP and IFRS.
· Discussion on the recently issued Accounting Standards Updates by the FASB
Objectives of the Course:
On completion of the course candidates should be able to understand key differences/similarities between 3 different accounting standards – IFRS, IND AS and US GAAP
Faculty Profile:
Mr. Dayanand Yadav, the faculty for this programme is currently working as IFRS and US GAAP Consultant. His brief profile is as under:
a. He is an associate member of the Institute of Chartered Accountants of India (ICAI) and an Associate member of American Institute of Certified Public Accountants (AICPA)
b. He is a diploma holder of Information System Audit from ICAI and Bachelor's degree in Commerce from Delhi University. He has several years experience in field accounting and financial reporting
c. He is a leading IFRS & US GAAP practitioner and specializes in International Financial Reporting (IAS/IFRS) and conversion from Indian GAAP to IFRS/US GAAP and vice- versa
He has extensive experience in advising multinational and domestic companies across a range of industries in the areas of first time adoption of IFRS, transition planning, and providing corporate training on IFRS, US GAAP, IND AS and Revised Schedule VI having conducted several workshops and training programs across India. He is the visiting faculty with the ICAI for IFRS and addressed various seminars on IFRS
Programme Details:
|
Schedule for next training Programme: Start Date: 15th & 16th December 2012, Day:- Saturday/Sunday Venue: Hotel Park Inn, Gurgaon Timing: 10.00 AM – 5.30 PM |
Participation Fee:
Fees: Rs. 7,500.00 plus Service Tax for Day 1 Program
Fees: Rs. 7,500.00 plus Service Tax for Day 2 Program
Fees: Rs. 12,500 plus Service Tax for both days
Fees: Rs. 4,000.00 plus Service Tax for Day 1 Program (For Online Live Session)
Fees: Rs. 4,000.00 plus Service Tax for Day 2 Program (For Online Live Session)
Fees: Rs. 7,500 plus Service Tax for both days (For Online Live Session)
5 % Discount for CAclubindia and LAWyersclubindia members
Group Discount: Nominations for 3-5 would be entitled for 10% discount, more than 5 would be entitled for 15% discount
Link: https://www.caclubindia.
For more details please contact:
Praveen Sharma
+91-9213750140
praveen @ CAclubindia.com ( For CCI )
praveen @ LAWyersclubindia.com ( For LCI )
CAclubindia
