International Financial Reporting Standards (IFRS) as a global accounting language seeks to bring about a convergence in the way corporate accounts are prepared and reported globally. The application of Ind AS (the converged IFRS Indian standards) is based on the listing status and net worth of a company. Ind AS will first apply to companies with a net worth equal to or exceeding 500 crore INR beginning 1 April 2016. Listed companies as well as others having a net worth equal to or exceeding 250 crore INR will follow 1 April 2017 onwards. From April 2015 companies impacted in the first phase will have to take a closer look at the details of the 39 new Ind AS currently notified. Ind AS will also apply to subsidiaries, joint ventures, associates as well as holding companies of the entities covered by the roadmap.
Your business faces myriad complex accounting issues related to acquisitions, consolidations, debt and equity offerings, restatements, GAAP conversion, treasury, hedging and more. These are major challenges and may disrupt your day-to-day operations. The level of technical preparedness of industry, accounting professionals expertise with international standards and economic environment prevailing in the country would pose challenges to smooth switch to IFRS.
This programme would be useful to the executives who wish to enhance their knowledge in preparing and understanding of financial statements. It also facilitates in analysing the financial statements in the light of global accounting framework and language.
- Provides an in-depth analysis of the accounting and disclosure requirement under IFRS.
- Enables the participants to understand the IFRS framework
- Understand the approach to restate and interpret the financial statements as per IFRS.
- Overview of Indian and International Accounting Standards
- IASB-IFRS: adoption or convergence
- IFRS frameworks: IAS (revised)
- Significant concepts in IFRS, Indian GAAP and Ind-AS
- Impact of IFRS on various sectors
- Fair value of accounting
Management Development Programmes (MDP) Office
Indian Institute of Management Indore
Prabandh Shikhar, Rau-Pithampur Road
Indore 453556, Madhya Pradesh, INDIA
Email : email@example.com
Tel. : +91-731-2439750, 2439752, 2439753, 24397544
Fax : +91-731-2439751, 2439800
Executives who belong to the functional area of accounting and finance from any organization would greatly benefit from this programme. However, executives belonging to other functional areas may also benefit from this programme provided they possess the basic knowledge of accounting tools and techniques and their job structure requires them to understand and analyse financial data for planning and decision making purposes. Financial Controllers, Finance Managers, Bank Managers, Accountants, Auditors, Financial Analysts, professional members like CA, CS, CWA, and corporate and investment bankers would greatly benefit from this programme.
Service Tax, as applicable, will be additional
Prof. Mehul Raithatha & Prof. Saumya Ranjan Das
Email: firstname.lastname@example.org & email@example.com