IFRS

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Information about IFRS
Education

Published on February 15, 2010

Author: Takshila

Source: authorstream.com

Diploma in IFRS(International Financial Reporting Standards) : Diploma in IFRS(International Financial Reporting Standards) Training Programme Background : Background International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB, London) that is becoming the global standard for the preparation of public company financial statements. Background : Background Focus is shifting from national to international standards Europe has already moved to IFRS for listed companies & consolidated accounts. Japan & Canada by 2011, USA anytime 2014-16 ICAI has announced transition to IFRS by 2011. Companies would need to ensure IFRS preparedness as early as April 2010 Why IFRS? : Why IFRS? Today businesses are crossing their national boundaries,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. Opportunity : Opportunity Awareness about IFRS and implementation issues are gradually building up within corporate India. However, the awareness needs to increase more rapidly if we are to achieve the proposed timelines for convergence A recent survey in Canada (which is also seeking a 2011 IFRS adoption) indicated that more than 80 per cent of companies had already understood the impact of IFRS adoption and had well laid-out plans to achieve implementation Hence, there is a huge need to train professionals about IFRS in India in order to get prepared for IFRS convergence by 2011 About ACCA : About ACCA The Association of Chartered Certified Accountants (ACCA) is the largest and fastest-growing global body of professional accountants in the world, with over 1,31,500 members and 3,62,000 students through a network of 82 offices. It is a UK-based professional body issuing one of the most highly respected and valued international qualifications in business. It is recognised by member states of the European Union and the United Nations. ACCA has certified GTG as their prestigious Gold certified partners About ACCA : About ACCA ACCA was the first organization to deliver a qualification which is dedicated to training professionals in how to apply International Financial Reporting Standards, no matter where you are in the world The qualification is intended as a conversion course for professional accountants already qualified or experienced in country specific financial reporting standards The Diploma programme addresses International Financial Reporting and first time application of International Financial Reporting Standards About ACCA, UK DipIFRS Exam : About ACCA, UK DipIFRS Exam The exam can be taken twice a year i.e. every June & December The exam centers are Mumbai, Delhi, Kolkata, and Chennai In case of special exam centers the registration should be completed by 15th March, 2010 Exam fees of £160 covers 1 attempt & you can retake for the same amount Date for next exam is 10th June 2010 @ 2.30 PM Objective of the course : Objective 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 Eligibility Criteria : Eligibility Criteria A Chartered Accountant A B.com with at least 2 years of relevant work experience in the F&A department ICWA/ Other graduates with at least 3 years of relevant work experience in the F&A department Training Programme : Training Programme Duration : 10 days (70-80 hours) Start Date : 28th March, 2010 (All Sundays) Venue : Indian Social Institute Lodhi Road, New Delhi Timings : 10.00 am - 5.30 pm Highlights : Live classes Schedule : Schedule About GTG : About GTG A UK based training and publishing company with a R&D centre in Pune Global provider of professional education in finance, management & accounting Our faculties are leading specialists in accounting, finance, & management with work experience from around the globe Certified by ACCA, UK with the highly prestigious Gold Approval status About Takshila : About Takshila Provider of cutting edge education & training solutions The core management team comprises of professionals from education, technology and telecommunication background individually having more than 20 years of experience Committed to provide industry-linked training programs that immediately impact the career path of the learner Represent ExamMatrix, a US based company for providing training for USA CPA Courses are carefully chosen & designed to meet a wide range of training requirements of individuals and corporates About The Study Material : About The Study Material Set of four books including two module books, past exams book & a note book with prints of faculty presentations Written by an international team of renowned CAs, finance researchers & authors who use their knowledge & experience in creating high-quality study material Developed as per ACCA’s curriculum, complete with illustrations & examples; aimed at explaining concepts & mind maps which ensures mastering the concept & enhancing analytical skills Regularly revised and updated About The Faculty : About The Faculty Mr. Rammohan Bhave CA, CS, CWA, LLB, IFRS, Six Sigma Green Belt 29 Years in industry Last 13 years as CFO /Finance Director with groups like Mittal Group at Europe Gammon India Reliance Infocomm Foundation software at US, Sing, OZ Blue Star & Blue star infotech Mafatlal Crompton Greaves Partial List of Clients : Partial List of Clients ICAI KPMG Ernst Young Grant Thornton Shell Genpact KPIT Cummins Cairns India Host of colleges and bookshops across five major continents (North America, South America, Africa, Europe and Asia). Fees & Discounting Policy : Fees & Discounting Policy Total Course Fee - Rs. 32,000/- (all inclusive) (includes the cost of study material, lunch and two tea breaks during the programme) Misc Info : Misc Info Reference websites: www.takshilalearning.com www.gtgifrs.com www.getthroughguides.co.uk Payment to be made in favour of 'Get Through Guides Publishing & IT P Ltd.‘ Cheques to be sent to Takshila Learning Pvt. Ltd., B-55, West Patel Nagar, New Delhi - 110008 Documents Needed : Documents Needed Birth date proof: Copy of Pan card/Passport CA: Final certificate/membership certificate /final exam mark sheet B. Com – Degree/Final exam mark sheet & letter from employer validating relevant work experience of 2 years ICWA/Other graduates – Degree certificate/Final exam mark sheet & 3 years experience in F&A letter from employer validating relevant work experience of 3 years ACCA registration form with GBP 160 pounds/Application declaration form Passport size Photographs -2 nos. Feedback/Queries : Feedback/Queries Rajesh Butta MMS, BITS Pilani 91-9810374836 or Bhupesh Anand FCA, CS, CWA 91-9818141927

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