08
Dec 15
Indian Accounting Standards (IND AS)- IFRS Convergence
08 Dec - 10 Dec
Tata Management Training Centre, 1, Mangaldas Road, Pune 411001
The Ministry of Corporate Affairs in February 2015 has issued the Companies Rules, 2015(Indian Accounting Standards-Ind AS) notification.  This lays down a roadmap for implementation of Ind AS converged with IFRS. While this will be mandatory from April 1, 2016, the figures from the previous year need to be presented as per the Ind AS standards.  The transition has enormous practical difficulties and challenges, apart from huge impact on profits and equity.  It is therefore important that key accounting and finance professionals get a deep understanding of the practical processes, Ind AS requirements, and impact on financial statements.
The good news, of course, is that Indian Financial Reporting will, as a result of this change, undergo a paradigm shift that will make it contemporary and on par with leading global standards.  As part of Ind AS requirements, several new and complex concepts will be introduced which would involve significant judgement and estimates along with detailed qualitative and quantitative disclosures
 
Programme Director
Mr. Shantanu Gokhale
Programme Co-ordinator
Ms. Sunayana Kolharkar
+91-20-66091036

  • Develop a working knowledge of IFRS implementation 
  • Develop an understanding of Ind AS requirements, processes, and impact on Financial Statements 
 
Day 1
  • Overview of Ind AS and Transition Road Map
           Exemptions in Transition, Challenges in Adoption
  • Reconciliation of Equity and Profits
  • Key Differences between IFRS and Ind AS and Indian GAAP
DAY2
 
Impact on 
 
  • Property Plant and Equipment
  • Leases, Embedded Leases
  • Deferred Taxes
  • Consolidated Financial Statements
          Subsidiaries, Associates and Joint Ventures
 
 
DAY 3
 
Impact on 
 
  • Revenue Recognition
                  Revenue and Expenses recognition differences with Indian GAAP
  • Financial Instruments
  • Derivative Accounting, Embedded Derivatives
  • Hedge Designation, Effectiveness and Accounting
A mix of interactive class discussions, thought-provoking case studies, assignments and group work
Raghu Iyer

Raghu is a practising Chartered Accountant and provides consulting and training services to corporates in the Accounting and Finance domain. He has been implementing IFRS for large companies since six years and also works with large companies for derivatives valuations and hedging systems. Within the Tata Group he has been valuing derivative positions for Tata Motors, Tata Power and Tata Capital
 
Professional Experience 
  • Associated as Adjunct Faculty with S P Jain Institute of Management & Research (SPJIMR), ranked as India’s 6th best business school. 
  • Associated with The Bombay Stock Exchange and Dun & Bradstreet Learning Solutions. Academics areas are Finance, Accounting and Direct Taxes. 
  • As part of his practice, closely associated with companies operating out of India, the US, the UK, Africa and the Middle East and provides advice on Accounting, Audit and Finance areas. 
  • Conducts audits, valuation and consulting assignments covering various industries including commodity trading, textiles, fishing, construction, jewelry and banking. 
  • Involved in training executives and analysts from Bank of America, Citibank, Deloitte, J P Morgan, MCX, Pepsi, Tesco, UBS, Whirlpool and several other organizations in the following areas: 
  • Leads US GAAP and IFRS workshops conducted from time to time. These workshops are attended by senior professionals from leading corporates of the country


Senior Managers from Accounts and Finance departments who will take ownership of transition to IFRS.
Fees

Rs. 40,000/- (plus applicable taxes) per participant

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