Revised schedule vi is applicable to all companies now

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TAKSHILA & WEBTEL LAUNCH

A FULL-DAY TRAINING

ON

REVISED SCHEDULE VI: PRESENTATION & DISCLOSURE

 

After the success of our first 3 seminars in Delhi and Gurgaon, which were very well received, we are pleased to announce 4th such event in Delhi on the 28th July2012. This has been planned considering the importance of its compliance and it’s far reaching impact on the overall accounting profession.

 

An Introduction

According to the MCA notification S.O. 447 (E) dated 28th February 2011, the existing Schedule VI to the Companies Act, 1956 (Act), was revised. The new Schedule VI laid down a new format for preparation and presentation of financial statements by Indian companies. Subsequently, another MCA notification S.O. 653(E) dated 31st March 2011 stated clearly that the revised Schedule VI would come into force for the Balance Sheet and Profit & Loss Account to be prepared for the financial year commencing on or after 1-April-2011.

The revised Schedule VI is to be applicable to all, and it introduces many new concepts and disclosure requirements and also does away with several statutory disclosure requirements.

Benefit to a Company

Significant efforts are made to move closure to international practices. Though it does not adopt international standards entirely, it appears to be modernising and simplifying the schedule to make it more relevant to the present needs. It may need substantial changes in the accounting systems and procedures.

Challenges faced by the Company

There will be challenges in few areas in the first year of application of revised schedule VI. For instances comparatives will have to be given, additional efforts will be required for recasting comparatives, auditors will have to perform additional procedures, disclosure will be required in the notes of reclassification/regrouping, disclosure of the fact in the notes if certain comparatives are not available.

PROGRAMME CONTENTS

  • Overall approach of revised Schedule VI – need, objective & spirit
  • Comparison between old Schedule VI and revised Schedule VI
  • Practical guide to balance sheet and profit and loss account under revised Schedule VI
  • Issues arising in implementation of revised Schedule VI
  • Simplification to disclosures under revised Schedule VI
  • Roadmap to compliance with revised Schedule VI
  • Q&A
  • Practical Session for Preparation of Financial Statement using Webtel's e-B/S Tool

Knowledge Partners:

Webtel Electrosoft Pvt. Ltd., the knowledge partner for this programme is India's leading e-regime company engaged in complete software solutions and knowledge process outsourcing activities. It is well known for several of its products in the financial sector particularly catering to e-filing.

Programme Details:

Schedule for next programme:

Date: 28th July 2012, Saturday

Duration: Full day/Half day (Concepts Practical knowledge transfer)

Venue: Hotel Swati Deluxe, Karol Bagh, Gurdwara Road, Opposite Jessa Ram Hospital

Timing: 10.00 AM – 5.30 PM

 

Participation Fee:

Option 1 Fees: Rs. 3,500.00 plus Service Tax for Full day Session

Option 2 Fees: Rs. 2,000.00 plus Service Tax for a half day session, first half is concepts while second half is practical aspects 

 
· An early confirmation will enable us to make suitable arrangements as this is a limited participation programme.
· An Early Bird Discount of 10% would also be applicable on the above fees till the 15th July 2012
· Group Discount: Nominations for 4-6 would be entitled for 10% discount, more than 6 would be entitled for 15% discount
· On-the-spot Registrations would be charged at a fee of Rs. 4,500.00 plus Service Tax for full day and Rs. 3,000.00 plus Service Tax for half day
 

Payment Details:

Fees could either be paid through cheque or cash or through online transfer.

Details for the purpose of wire transfer are as follows:

Account Name : Takshila Learning Private Limited

Bank Name : HDFC Bank Limited, East Patel Nagar, Main Road, New Delhi

Account Number : 01442000012558

Branch IFSC Code : HDFC0000144

Call our programme coordinator for registrations and booking a seat. Online payment through credit card would attract a transaction fee of 7.5% of the total amount.

How to Register?

You may register yourself online by clicking here. There are going to be limited seats, therefore booking would be done on ‘First-Come-First-Serve’ basis.

Look forward to you joining our training programme. Please feel free to call Neha on 91-88 00 999 284 for any further clarifications.

 

Warm Regards,

Team @ Takshila

 

 

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Takshila Learning Pvt. Ltd.

www.takshilalearning.com

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Replies (3)

Piron Corporation, United States based organization with globally accepted brand name and a celebrated leader providing professional courses in the field of Accounting & Finance. Piron is pleased to announce the launch of “Self paced distance learning kit for IFRS”. Our distance learning IFRS kit is now available for accounting aspirants.

Piron Corporation, an ACCA gold approved member, has successfully trained 4000+ Finance & Accounts professionals. Our dlpIFRS kit is a one-stop solution for all your queries and for obtaining IFRS certification with ease.

Some of the valuable benefits are as following:

  • Unlimited access to ASK A GURU facility, FAQ's, study material, videos, and PPTs.
  • Previous five years solved question papers.
  • Largest question bank with more than 1000 solved questions on all modules available online.
  • Practice sessions are created based on previous question papers.
  • Full length practice test created by CERTIFIED EXPERTS to get hands on live exam.
  •  IFRS, IAS, IFRICS standards are shared as videos with each video for about 5hrs.
  • Clear your concept with review session and assignments.
  • 24x 7 technical support for any technical query.

 

Who is eligible?

-Commerce graduates with minimum 2 years of experience.

-CA, CS, CWA’s MBA (Finance) and for corporate nominations.

 
Reach to an expert now, Call @ +91-8130695152 for admissions

Visit us at https://www.pironcorp.com/DLP-IFRS.html

A 9-DAYS Online TRAINING PROGRAMME

FOR

DIPLOMA IN INTERNATIONAL FINANCIAL REPORTING STANDARDS, UK

 

After the success of several of our retail batches for Diploma in IFRS in Delhi, which were very well received, we are pleased to announce our next batch in Delhi from the 22nd July, 2012. These sessions would also be accessible online through a secured login/password on our website. The course has been structured to provide in-depth knowledge on IFRS and also to prepare for the December attempt of the diploma exam conducted by ACCA of UK, which is the only body in the world to provide a diploma qualification on IFRS.

Background

International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB, London) that is fast becoming the global standard for the preparation of public company financial statements.

Benefit to a Company

  • Focus has been shifting from national to international standards, promoting the synchronization of accounting standards across the globe. The application of IFRS will lead to better financial comparisons and enhanced transparency in financial reporting.
  • Overall cost of financial reporting comes down for corporates operating in different parts of the globe.
  • 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.

Why learn IFRS at all?

  • Government has already notified the 35 new Indian Accounting Standards (IND AS) in order to adopt IFRS in the country, so IFRS is really at our doorsteps
  • Europe has already moved to IFRS for listed companies & consolidated accounts. Japan & Canada by 2011, USA anytime 2014-16
  • Currently, 120 countries have already adopted & the number will touch 150 by the end of 2012
  • IFRS implementation for Indian accounting professionals will be what Y2K was for the software professionals, in other words, huge earning potential
  • Hence, there is a huge need to train professionals about IFRS in India in order to get prepared for IFRS convergence

Who can join IFRS training?

  • A CA, ICWA or any other professionally certified accountant from any Indian or Foreign Institute
  • A B.com with at least 2 years of relevant work experience in the F&A department
  • Other graduates with at least 3 years of relevant work experience in the F&A department

Who should join IFRS training?

  • Wanting to enjoy first mover advantage on the knowledge front
  • Seeking a break in a large global organization
  • Seeking opportunities globally in places like EU, Middle East etc.
  • Seeking another qualification on your visiting card

 

Objectives of the Course

On completion of the Diploma candidates should be able to:

  • Understand and explain the international regulatory framework of financial reporting
  • Discuss and apply specified International Accounting Standards (IAS) and IFRSs to practical situations
  • Prepare financial statements in accordance with specified IASs, IFRSs & International Financial Reporting Interpretations Committee (IFRIC) pronouncements
  • Prepare group financial statements including subsidiaries, associates and joint ventures

Faculty Profile:

Mr. Rohit Gandhi, the faculty for this programmeis presently working as Senior Vice President (Finance) with leading healthcare service provider

·         RohitGandhi.jpgHe is a qualified Chartered Accountant, Company Secretary and a Cost Accountant

·         Also qualified Diploma in IFRS from ACCA UK

·         Has 15 years of experience in managing finance, accounts, projects, IT systems development, budgeting , liasoning with regulatory authorities at various levels

·         Has successfully handled large PPP projects

·         Successfully implemented complete lifecycle of ERP in large mega corporate with multiple streams of operations/ business complexity

·         Has been a renowned faculty and speaker in IFRS

·          He has lead the implementation of IFRS in his organization quite successfully, therefore brings in a lot of practical experience in the sessions

Course Highlights:-

Study Material for Diploma in IFRS from a Gold Approved Publisher of learning material by ACCA (UK) (to be boughtseparately).

Participants in Delhi should attend our face-to-face classes and all others can attend either the live session being broadcasted or/and attend the same at their convenience in a deferred-live mode.

Participants will have access to these archived sessions for all the classes for a period of one year from the date of commencement .

Participants will also get the faculty presentations for all the classesthrough email.

Participants just need to have a broadband internet connection with atleast 512 kbps bandwidtth or visit one of our nearest franchisee centres (list on our website). 

Programme Details:

 

Schedule for next training programme:

Start Date: 22nd  July, 2012,

Batch Days: Saturday/Sunday

Mode:-Face-to-face or Online Virtually-Live Classes and deferred live

Timing: 10.00 AM – 5.30 PM

Participation Fee:

https://getthroughguides.co.in/images/studymaterials_a.jpgOption 1 Fees: Rs. 15,000.00 plus Service Tax (without books)

Course notes and past exam bank would be provided on emails

 

Option 2 Fees: Rs. 20,000.00 plus Service Tax

including study material for Diploma in IFRS worth Rs 5,000.00

 

 

  • An early confirmation will enable us to make suitable arrangements as this is a limited participation programme. 
  • Group Discount: Nominations for 3-5 would be entitled for 10% discount, more than 5 would be entitled for 15% discount

Payment Details:

Fees could either be paid through cheque or cash or through online transfer.

 

Details for the purpose of wire transfer are as follows:

Account Name : Takshila Learning Private Limited

Bank Name : HDFC Bank Limited, East Patel Nagar, Main Road, New Delhi

Account Number : 01442000012558

Branch IFSC Code : HDFC0000144

Call our programme coordinator for registrations and booking a seat. Online payment through credit card would attract a transaction fee of 7.5% of the total amount.

 

How to Register?

You may register yourself online by clicking here. There are going to be limited seats, therefore booking would be done on ‘First-Come-First-Serve’ basis.

Look forward to you joining our training programme. Please feel free to call on 91-88 00 999 284 for any further clarifications.

Warm Regards,

Team @ Takshila

 

 

cid:image009.jpg @ 01CC9BB0.17E0CE60

 

 

Takshila Learning Pvt. Ltd.

www.takshilalearning.com

cid:image010.jpg @ 01CC9BB0.17E0CE60https://www.facebook.com/takshilalearn

cid:image011.jpg @ 01CC9BB0.17E0CE60https://twitter.com/TakshilaLearn

cid:image012.jpg @ 01CC9BB0.17E0CE60https://takshilalearning.com/blog/

Self paced distance learning kit for IFRS

Piron Corporation is pleased to announce the launch of “Self paced distance learning kit for IFRS”. Piron Corporation, an ACCA gold approved member, has successfully trained 4000+ Finance & Accounts professionals. Our dlpIFRS kit is a one-stop solution for all your queries and for obtaining IFRS certification with ease.

International Financial Reporting Standards are the principle-based accounting norms created by IASB (International Accounting Standard board), subject to globalized accounting standards.

“Self paced distance learning kit for IFRS” is being offered to enhance your practical knowledge base and make you outshine in overseas too. The extensive training modules, QuickBooks, practice sessions and examination tips provide enlightenment, along with complete flexibility of remote learning.

Our distance learning kit is developed with an objective to cater candidates by enabling them understand the concepts of IFRS. In modern way, this IFRS kit is called “Mini & booming library” assisting candidates get complete knowledge as well as aid them to obtain IFRS certification with ease.

Self paced distance learning kit for IFRS has been designed with an aim to train accounting professionals for well-off financial reporting career.

The worthiness with dlpIFRS kit is that all the sessions are offered in form of recorded videos; each module has been elaborated in a 5 hours video presentation and thoroughly explained by senior experts with live case studies for better understanding. Thus, DLP IFRS kit is cost-effective & a “one-stop solution” for all your queries & questions regarding IFRS.

Some of the valuable benefits are as following:

  • Unlimited access to ASK A GURU facility, FAQ's, study material, videos, and PPTs.
  • Largest question bank with more than 1000 solved questions on all modules available online.
  • Practice sessions are created based on previous question papers.
  • Full length practice test created by CERTIFIED EXPERTS to get hands on live exam.
  •  IFRS, IAS, IFRICS standards are shared as videos with each video for about 5hrs.
  • Clear your concept with review session and assignments.
  • 24x 7 technical support for any technical query.

Who is eligible?

-Commerce graduates with minimum 2 years of experience.

-CA, CS, CWA’s MBA (Finance) and for corporate nominations.

 

Who are we?

PIRON CORPORATION, United States based Organization with a well established brand and an ultimate leader in providing professional education in the field of International Accounting and Finance.  Our certified & experienced IFRS experts have proved their worth numerous times and it has come off in the form of Gold approved status from ACCA for being a leading training provider.

Visit us at https://www.pironcorp.com/DLP-IFRS.html

or email your queries to info @ psbfglobal.com

Have more questions? Ask an Expert now @ +91-8130695152
Arrange a call back:
info @ psbfglobal.com

 


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