| Programme Overview > Course Objective | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
The Indian government has announced its commitment to converge the Indian Accounting Standards (IAS) with International Financial Reporting Standards (IFRS) by April 2011. While some of the India’s blue chip companies have already begun to align their accounting standards to the IFRS, three years ahead of the mandatory time for the switch over, others are in the process of convergence / adoption. In view of the convergence of the Indian Accounting Standards with the IFRS, it has been decided to update the ICAI Members with the required knowledge. Consequently, a Certification Course on IFRS is being conducted by the ICAI with sufficient Classroom Training and E-learning Facility to make the members competent in this era of IFRS. The participants are expected to achieve a clear conceptual understanding of the IFRS and possess sufficient knowledge expected out of an expert. On successful completion of this course, the learner will acquire a basic understanding of the following IFRS / IAS standards. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
Menu
IFRS THROUGH ICAI
Programme Overview > Course Structure
Given the intricacies in the topic and the paucity of time with learners, ICAI offers a blended solution at multiple levels:
Blend 1: Delivery Modes
- Instructor-led Face-to-face sessions inside the classroom = Min 40 hours
- Structured E-learning delivered from an LMS/Learning portal = Min 75 hours
- Self-study = Min 35 hours
Blend 2: Content Elements
-
Instructor-led Face-to-face sessions inside the classroom
- Synchronous Lectures
- Interactive sessions
- Lecture Notes
-
Structured E-learning delivered from an LMS/Learning portal
- Reading material
- Examples
- Case Studies
- Activities
- Self-study
- Study Book in print
- Online Reading Material
Blend 3: Assessments
-
Formative
- In-class assessments planned by ICAI Instructor
-
Online assessments that span
- Topic-wise at knowledge level using Multiple Choice Questions
- Topic-wise at understanding level using scenarios and logical responses
- Topic-wise at Apply level using scenarios
-
Summative
- Online Practice Test
- Online / Offline Course Completion Certification Test
Online Learning Model
Learners will be moved along the learning path with increasing intensity of learning:
|
Know
|
Understand
|
Apply
|
This will enable the learner:
- To know about different standards
- To understand in depth about them
- To appy the standards in certain cases
Programme Overview > Course Content
 |
Introduction | |
|
|
Presentation of Financial Statements (IAS-01) | |
|
|
First-time Adoption (IFRS-01) | |
|
|
Inventories (IAS-02) | |
|
|
Share-Based Payment (IFRS-02) | |
|
|
Business Combinations (IFRS-03) | |
|
|
Non-Current Assets Held for Sale (IFRS-05) | |
|
|
Statement of Cash Flows (IAS-07) | |
|
|
Accounting Policies (IAS-08) | |
|
|
Operating Segments (IFRS-08) | |
|
|
Events after the Reporting Period (IAS-10) | |
|
|
Construction Contracts (IAS-11) | |
|
|
Property, Plant and Equipment (IAS-16) | |
|
|
Leases (IAS-17) | |
|
|
Revenue Recognition (IAS-18) | |
|
|
Government Grants (IAS-20) | |
|
|
The Effects of Changes in Foreign Exchange Rates (IAS-21) | |
|
|
Accounting of Borrowing Costs (IAS-23) | |
|
|
Related Party Disclosures (IAS-24) | |
|
|
Accounting and Reporting by Retirement Benefit Plans (IAS-26) | |
|
|
Consolidated and Separate Financial Statements (IAS-27) | |
|
|
Investments in Associates (IAS 28) | |
|
|
Financial Reporting in Hyperinflationary Economies (IAS 29) | |
|
|
Interests in Joint Venture (IAS 31) | |
|
|
Earnings per Share (IAS 33) | |
|
|
Interim Financial Reporting (IAS-34) | |
|
|
Impairment of Assets (IAS-36) | |
|
|
Provisions, Contingent Liabilities and Contingent Assets (IAS-37) | |
|
|
Intangible Assets (IAS-38) | |
|
|
Investment Properties (IAS-40) |
Programme Overview > Assessment Structure
An evaluation will be conducted on the following criteria:
- E-learning
- Objective Type Test
- Case Studies
- Attendance for Classroom Studies
Certificate on completion of the Course
A certificate will be awarded to the participants after attending and satisfactorily completing the course.
Final Exam
- The final examination will be conducted on the last Sunday of every alternate month
- Change in schedules will be intimated through an announcement in the website
- No suggested answers / model papers will be provided
- Exam will contain objective type questions, short and long answers
The examination form will be made available on the website. The minimum percentage of marks for passing the exam is 50%
 Programme Overview > Fees Structure |
||
|
Course Fee: Rs. 30,000/- (Rupees Thirty thousand only) payable at the time of Registration. Course fee once paid is non-refundable under any circumstances.
|
Programme Overview > How to Register
Registration can be done online. Registration is an on-going process and will be on first come-first served basis. If one batch becomes complete, the members will be automatically shifted to the next batch.
No. of Seats:
For every Session - 50
CPE Hours – 90 Hours (30 Structured and 60 Unstructured)
https://https://ifrs.icai.org/inner/generic/IFRS_Convergence_8th_cut_ICAI/index.htm
SOURCE: https://ifrs.icai.org/inner/program_overview/how_register.asp
Recent Threads
- ITR2 Processing Delay
- TDS demand payment notice
- Invoice NOT in 2B but showing in 2A, and supplier
- Is ITC available on VRF AC
- Capital gains on sale of furnished flat
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
Related Threads
CAclubindia
