ICWAI sign MOU with CandK Management Ltd. For Certificate course on IFRS through e-learning modules for members, students and others

Last updated: 21 April 2011

ICWAI sign MOU with C&K Management Ltd. For Certificate course on IFRS through e-learning modules for members, students and others

ICWAI has been actively engaged in the professional development of its Members through various initiatives. The latest is ICWAI and M/s C&K Management Ltd. signing an MOU on 17th March 2011. Under the agreement, Members and students of the Institute as well as other financial and accounting professionals will be equipped with the essential knowledge in International Financial Reporting Standards (IFRS). The delivery will be online through highly convenient e-learning modules.

As we all know, the Indian Accounting Standards will converge with the IFRS in a phased manner. This may require substantial policy changes in the way organisations value their assets and recognise the revenue, among others. Certain principles in the IFRS may also impact the cost records. Given the circumstances, it is imperative that Cost Accounting professionals understand and assimilate IFRS. This will help them analyse any impact on cost records and enable them to take appropriate action. For this, however, Members need to be equipped with both the theoretical and practical knowledge/application, including the intricacies of the various International Financial Reporting Standards.

Keeping this in mind, ICWAI is offering a 100+ hours e-Learning Course on IFRS that would cater to the needs of its Members across the country. As you aware, e-Learning offers the advantage of learning at one’s own pace, time and place.

Course Objective

The Ministry of Corporate Affairs (MCA) has given a Road Map for convergence of the Indian Accounting Standards with the International Financial Reporting Standards. The new converged standards have been published and the convergence date is awaited. Hence, the ICWAI strongly feels that its members need to be trained in IFRS. For this purpose ICWAI offers a 100 + hours e learning course on IFRS which can conveniently reach all its Members across India.

The objective of this course is to equip Members and students of the Institute as well as other financial and accounting professionals with the essential knowledge in the International Financial Reporting Standards. On successful completion of the course, the learners will acquire a basic understanding of the various IFRS/IAS standards. It is also intended to educate the members about the practical application of the IFRS standards.

An e-learning course completion certificate will also be awarded to the participants who complete the 100+ hours of the e learning course.

Course Structure

Online Learning Model

This 100+ hours e-Learning Course covers 30 standards, comprising both the International Financial Reporting Standards and the International Accounting Standards.
The balance seven standards are under preparation and shall be added shortly. The course contains rich visual elements and interactivities, combined with audio. This facilitates a great learning experience for all types of learners.

The course has been developed on the following pattern:

Simplification of the various original clauses contained in the standards, as given by the IASB
Rearranging and grouping them into a logical flow
Value addition through examples and case studies
Additional headings and sub-headings to suit the relevant content

This will enable the learner to:

Know about the different standards
Understand the different standards in depth
Apply the standards in certain cases

Course Delivery

The course is delivered through an exclusive portal: http://icwai.ifrseacademy.com
The learners will get access to the e-learning modules within one working day from the date of receipt of payment.
The user ID, password and other details related to the online access will be sent by email to the members.

The online access is valid for one year (365 days) from the date of registration of the course, or 300 hours of e-Learning access, whichever ends earlier.

Who can take the course?

Members of ICWAI
Students of ICWAI
Finance and Accounting Professionals Interested in IFRS
MBA Students with Specialisation in Finance
Other Interested Persons

Fee Structure

Rs. 5,000/- (Rupees Five Thousand Only), payable at the time of Registration. Course fee once paid is non-refundable under any circumstances.

Mode of Payment

The fees can be paid online or through DD/Pay Order.

For online payment, go to the Registration section and follow the process.

In case the payment is through DD/Pay Order, it should be drawn in favour of “The Secretary,

The Institute of Cost and Works Accountants of India”, payable at New Delhi. It should be sent to the following address along with the filled in Registration Form.

J. K. Budhiraja
Director (Professional Development)
The Institute of Cost and Works Accountants of India
3, Institutional Area, Lodhi Road
New Delhi – 110003
Phone: 011-24622156, 24521492