IFRS Course

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UPCOMING BATCHES
Dates City DURATION PRICE (INR)  
5 March | Every Sat/Sun Delhi 64 Hours 34,500.00
5 March | Every Sunday Bangalore 64 Hours 34,500.00
Program Features
Objective of the course
On completion of the course, candidates should be able to:
  1. Understand and explain the structure of the framework of international accounting and Ind-AS
  2. Apply relevant financial reporting standards to key elements of financial reports
  3. Identify and apply disclosure requirements for companies in financial reports and notes
  4. Prepare group financial statements (excluding group cash-flow statements), including subsidiaries, associates and JVs
Course deliverables
  1. 80 hours of face-to-face interactive classroom training (16 sessions of five hours each for participants from “Rest of India” joining through the “live online mode”)
  2. Comprehensive study material from BECKER Professional Education – Gold Approved Learning Partners – Content
  3. Comprehensive question bank with solutions from BECKER Professional Education – Gold Approved Learning
  4. Partners – Content
  5. EY presentations
  6. Monitoring tests
  7. Mock test
  8. Access to EY Learning Management System (LMS)
  9. IFRS Certificate: EY will award “Certificate of Participation” to participants who have at least 80% attendance in the sessions
On completion of the program, each participant will be provided a One-Year access to EY LMS, including videos, presentations, illustrative disclosures, illustrative financial statements, difference between GAAPs such as IND-AS and AS, IFRS and AS, IFRS and USGAAP, query management through “Ask EY” and MCQs.

Who should attend?
  1. Chartered Accountants, Company Secretaries, ICMA, and other finance professionals
  2. Finance Managers, Chief acountants, Accountants
  3. Private Enquity and M&A professionals
  4. MBA finance working in accounting domain
  5. Semi Qualified CA, CS, ICWA working in accounting domain
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ABOUT COURSE | Top 10 Queries

    IFRS Course

    Our international financial reporting standards (IFRS) course is designed around the syllabus of the The Association of Chartered Certified Accountants (ACCA) Diploma in IFRS. We will take participants through all the topics covered in the syllabus and help them prepare for the diploma In IFRS examination conducted by the ACCA.

    ACCA’s Diploma in IFRS is one of the most respectable and appreciated qualification in IFRS across the globe. The course is designed to develop your knowledge and understanding of IFRS. You will learn how to apply them, as well as the concepts and principles which underpin them, and their application in India and the international marketplace.

    India has decided to converge with IFRS, and has issued its own IFRS equivalent accounting standards, referred to as Ind-AS. It has, thus, become critical for finance professionals to understand accounting standards in the Ind-AS framework and the related practical application issues. Accordingly, while covering different IFRS for preparing you to sit for ACCA’s Diploma in IFRS program, we will also cover important differences between IFRS and corresponding IND-AS in every module.

What is Diploma in IFRS?

The Diploma in IFRS is an international qualification in IFRS developed by the leading professional Accounting organisation, the Association of Chartered Certified Accountants (ACCA). The ACCA Diploma in IFRS will help you develop a working knowledge of IFRS, how to apply them as well as the key concepts and principles that underpin them.

What are the objectives of this program?

This program will prepare you for Diploma In IFRS examination. While preparing you for DipIFR examination, we shall also cover the differences with Ind-AS.

What would be covered in the training program?

We will cover Diploma in IFRS Syllabus prescribed by ACCA, which covers most of the IFRS in-force. Detailed syllabus can be accessed here

Who should attend this program?

This program can be attended by graduates with an accounting background. However, to register with ACCA for Diploma in IFRS examination, the eligibility criteria can be accessed here

Who will be the presenters?

Senior Professionals with extensive training experience will be the presenters.

Which Study Material will be provided to the participants?

We will provide: 1.Comprehensive Study Material from Becker Professional Education, an ACCA Approved Content Provider 2.Comprehensive Question Bank with solutions from Becker Professional Education, an ACCA Approved Content Provider 3.Prints of the EY presentations 4.One year access to the Learning Management System.

How to register for the training with EY?

You need to fill up a registration form. Payment can be made by cheque, DD, Online transfer or credit card. You can also reach out to EY program coordinators for registrations. (Details are mentioned on the brochure).

Does the training program fee also include cost of ACCA registration?

ACCA registration fee has to be paid directly to ACCA and is not covered in the fees charged by EY.

What would be included in the course fees?

The course fee includes the following only: 1.Program fees 2.Study material 3.LMS Access post completion of training 4.Refreshments and lunch. Please note: Stay / travel arrangements have to be made by the participants themselves.

What is the process for cancellation/refund of fees?

There are limited seats available for the course. Cancellation/refund will not be allowed once registration is confirmed.

Would the course be specific to any particular industry or type of company?

The course has been designed to cover DipIFR Exam syllabus and it is not specific to any particular type of company or industry.

Will EY help in the registration process with ACCA?

Yes, Program coordinators will assist in the registration process with ACCA.

Will we receive certificate after course completion?

Yes, participant will receive a Certificate of participation from EY if attendance is 80% and above. Participants appearing in Diploma in IFRS examination will receive separate Diploma from ACCA on clearing the examinations.

When and where is Diploma IFRS exam conducted by ACCA in India?

Exams are conducted twice a year i.e. in June and December. The exam is 3 hours long and consists of a mixture of calculations and written questions. ACCA have exam centres in New Delhi, Mumbai, Bangalore, Ahmedabad, Cochin, Chennai, Kolkata, Pune, Hyderabad, Indore and Jaipur.

When are the results announced?

8 Aug for June exams and 8 Feb for December exams.

Whether the participants will be given a chance to interact on a one-on-one basis with the expert trainers?

The trainers will ensure that sessions are interactive and participants shall be encouraged to ask questions. Besides, each day - a closing session has been planned to enable the participants to ask questions from the trainers / experts and get their answers on a one-on-one basis.

Would an invoice for the payment made be available on request?

On completion of registration, an invoice will be generated for the payment and one can save it from the webpage itself. The same shall also be emailed to the mailing address specified while registering.

Whether there is an option to register for few sessions / days out of the full course (10 days) basis the need of the participant?

For the participants to derive full benefit of the program, it is important that all days course are attended. Thus, there is no option to register for selected sessions / days. EY certificate of participation will not be issued if attendance is below 80%.

How it is beneficial for you?

Advantages to different domains and industries

Learn More

RELATED POSTS

Artifacts about IFRS 15

IFRS 15 or revenue from contracts with customers makes sure that an entity is able to report useful information to the users of the financial statements. The information should specifically be about the nature, timing and uncertainty of revenue and cash flow that mostly arises from a contract with the customer. This standard can be applied to any contract with the customer apart from the lease contract within the scope of IAS 17 Leases and insurance contract within the scope of IFRS 4 Insurance contract. The core principle on which it is based basically requires an entity to recognize revenue in such a manner that will be able to depict the transfer of goods and services to the customer at a certain amount that will reflect the consideration that the entity expects in exchange for those goods and services.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 

Leases (IFRS 16)

IFRS 16 basically defines a lease in terms of a contract that will probably convey the proper right to use a particular asset for a specific period of time in exchange of consideration to the customers. This new standard will basically affect the new entities across various industries. It probably requires lessees to recognize most leases on their balance sheet. It will not change the accounting for services. Also it does not require a particular company to recognize assets and liabilities neither for short term leases nor for leases of low value asset. This new standard will eliminate the classification of leases as either operating leases or finance leases for a lessee.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 

Top  Benefits of IFRS

1) IFRS is used by companies all over the world.
This makes comparisons between companies, reporting techniques, etc. more easier, consistent and hassle- free. Companies having subsidiaries in other countries need not prepare different accounting statements due to differences in accounting practices.
2) More Flexibility
IFRS uses a principle-based philosophy instead of a rules-based philosophy. This means that a company can adapt the IFRS rules and apply them to their specific situation.
3) Better Access to Global Markets
Companies using IFRS have better access to global markets due to their having financial statements prepared under one reporting standards.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 

What is IFRS 14?
IFRS 14 or better known as Regulatory deferral accounts basically specifies the financial reporting requirements specifically for regulatory deferral account balances that mostly arises when an entity provides goods and services to the customer at a price that is subject to rate regulation. An entity is allowed to apply the requirements of this standard in its financial statement only if it conducts rate regulated activites.It basically apply these requirements for a subsequent period only. There is one more condition that needs to be fulfilled that this particular entity should be able to recognize its deferral account balances in its first financial statement particularly by electing to apply the requirements of this standard.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 

Impact of IFRS 9 on banks

IFRS 9 is considered to be the most important component of International Accounting Standards Board (IASB)’s reform package. It basically helps to determine how the banks should be classified and what all steps it should take into consideration to measure the financial assets and liabilities for accounting purpose. IFRS 9 have certain impact on banking industry and they are:
1) There is an increase in the expectation that the pricing strategy adopted by the banks might get affected with the accounting change taking place.
2) The survey carried on around 70% anticipated that due to IFRS 9 the loss provision is expected to be higher than the current regulatory expected loss.
3) With the introduction to IFRS 9 banks will be expected to develop a certain probability weighted loss estimates against a range of macroeconomic scenarios.
 
Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 

IFRS 9 impairment model

The new model of IFRS 9 is basically applied to mostly all debt instruments that is measured at the fair value It consist of a three stage approach that is based on the changes made in the credit quality of the financial assets since the initial recognition.
-Stage 1 is all about financial instruments that does not have a significant increase in the credit risk since the initial recognition.
-Stage 2 also involves the financial instruments that does not have a significant increase in the credit risk since the initial recognition but does not have an objective evidence regarding impairment.
-Stage 3 involves financial assets having an objective evidence of impairment at the due reporting date.

IASB has proposed some amendments to clarify the definition of business and the accounting for previously held interests.
The definition of business has been clarified by an amendment to the IFRS 3 Business Combinations by the IASB. The key amendments proposed state that to be considered a business, an acquired set of activities and assets must:
• Not have a fair value of gross assets acquired concentrated in a single asset (or group of similar assets).
• Include an input and a  process that commonly contribute to the ability to create outputs.
The proposed amendments include illustrative examples and application guidance.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi


 

If IFRS is adopted worldwide, it will be highly beneficial to the investors and others who use the financial statements, by reducing the cost of investment, improving the comparability of the sentences and improving the quality of the information that's provided in them. As in increases transparency, which one of the most important factors for investors, they will be more than willing finance and increase their investments. Also, MNCs will need to report only to a single standard. They thus save a lot of money and are one of the most benefitted entities. IFRS is currently being used by about 120 countries, whereas GAAP is used only by one country.
There are four goals that have been stated by IASB with regards to IFRS:-
1.    To develop global accounting standards requiring transparency, comparability and high quality in financial statements
2.   To encourage global accounting standards
3.   When implementing global accounting standards, to take into account the needs of emerging markets
4.   Converge various national accounting standards with the global accounting standards.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi

 

The IFRS 4 Insurance Contracts were amended by the IASB to address concerns about the different effective dates of IFRS 9 and make room for the new insurance contracts Standard that will replace IFRS 4. The amendment provides entities meeting criteria for getting involved in insurance activities with the option to continue current IFRS accounting and to defer the application of IFRS 9 until the earlier of the application of the new insurance Standard or periods beginning on or after 1 January 2021. Additionally, the amendment also provided for all the entities with contracts within the scope of IFRS 4 with an option to apply IFRS 9 in full but to make adjustments to profit or loss to diminish the impact of IFRS 9, in comparison with the IAS 39, for designated qualifying financial assets. This is referred to as the ‘overlay approach’ and is available on an asset-by-asset basis with specific requirements around designations and de‑designations. 

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)

Call 9015266266 to speak to a counsellor for IFRS course in Delhi



 

There are a number of courses that a professional in finance can do in order enhance his skills in the field. The courses that a professional can take are:-
1. CA members can take the certificate course on International Financial Reporting Standards offered by ICAI which is of 100 hours long
2. The 2 month course offered by ICWAI is for university faculties, students, cost accountants, company secretaries, senior and middle-level executives in various organizations.
3. The 6 weeks Advanced Certificate Program on IFRS by KPMG is for professionals who have 2 or more year experience. This is not necessary for MBA (finance), CA, CWA and CS.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 
#IFRS
#IFRSCourseinDelhi


 

IFRS stands for ‘International Financial Reporting Standards.' These are a set of accounting standards developed by the International Accounting Standards Boards. As we know, a lot of organizations are becoming international i.e. expanding their corporate base out of the country. Therefore a need was felt to develop a for a unified and transparent mechanism for worldwide reporting. One of the biggest hurdle in our way is that each country has its own ‘Generally Accepted Accounting Principles’ and have been promoting business on the basis GAAP in their respective countries. So need was felt to develop some global standards and set of rules on which the organizations can be pushed and promoted which gave birth to IFRS, which is becoming the global standard for the preparation of public companies.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 
#IFRS
#IFRSCourseinDelhi
 

IFRS stands for International Financial Reporting Standards which is set of accounting standard that accepted globally for the preparation of financial statements. This set of standard will bring global comparability into picture. When different companies located in different countries use generally accepted accounting principal (GAAP) of that country which makes it difficult to compare their financial statement. But when companies located in different countries follow the single set of accounting standard comparability of financial statement becomes easy. This eases the work of investors and owners as they are able to compare the statement of different companies.

Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 
#IFRS
#IFRSCourseinDelhi

 

Certain artefacts about IFRS 5

IFRS 5 or the non-current assets held for sale and discontinued operations is basically concerned with how the assets mostly classified as 'held for sale' should be not only presented but also disclosed within a set of financial statements and discontinued operations. This standard makes sure that the assets or the disposal groups classified under the 'held for sale' should be carried out at a lower of carrying amount and fair value less cost to sell. Also it should be made sure that it is presented in a separate form on the face of the balance sheet. They also make sure that the management is committed to a particular plan so as to sell the asset. Apart from this under this standard it is made sure that the sale is highly probable and also expected to complete within one year of asset being classified under held for sale.

Upcoming batch of IFRS course in Delhi is on 26th November 2016(Every Saturday)
 
Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 
#IFRS
#IFRSCourseinDelhi


 

What is IFRS 1?

IFRS 1 or First Time Adoption of International Financial Reporting Standards make sure that an entity's first financial statement should contain high quality information that should probably be transparent enough for the users to understand and also comparable enough as well. It should be easily generated at a cost that should not exceed the benefits to user. Apart from this it should also be able to recognise all the assets and liabilities and along with that also reclassify the liabilities, assets and components of a particular entity as a neccessity.IFRS 1 helps to make judgements and estimates. The basic principle of IFRS 1 involves that the first time adopter should first apply the version of each IFRS that will be effective at the end of its first IFRS reporting period.

Upcoming batch of IFRS course in Delhi is on 26th November 2016(Every Saturday)
 
Duration - 10Days(80 hours)
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for IFRS course in Delhi
 
#IFRS
#IFRSCourseinDelhi