Services
Training
Recent research has shown that everything finance professional learned in college and while working in the profession and contained in the text books they owned have changed. Most evidence to date shows that finance professionals are not at the forefront of these changes. IFRS is forcing finance professionals to unlearn what they know and relearn what they should. The challenge is to go back to the basics, which requires a different level of training. It should be taught through cases, numerical examples – group work where professionals and peers challenge their thinking. Keeping in mind of the complexities and needs of corporates and professionals, we have designed a revolutionary training program.
Our intensive training program is aimed at providing a comprehensive insight on IFRS. With a rigorous full-time research of more than 8 years by Mr. Amitabha Mukherjee who is the founder of www.ifrsdemystified.com backed by a R&D team of dedicated and qualified professionals with over 15 years of industry experience, this program helps to equip finance professionals to realise IFRS with the help of numerical examples and lucid illustrations. We have designed our training curriculum in a way that enables participants to apply IFRS in industry-specific scenarios through worked examples, case studies and correlation between theory and practice. IFRS, with close to 3,000 pages and ever changing amendments and interpretations calls for an integrated approach for fathoming its intricacies. IFRS is the need of the hour for corporates and this is where our unique pedagogy fits in.
- It is a 100 hour live intensive program divided into 3 stages ie, Stage 1, Stage 2 and Stage 3.
- Basic Standards shall be covered in Stage 1 which are applicable to most companies (including IFRS 15 - The new revenue Standard )
- Since the Standards are interactive, they shall be dealt in an integrated manner
- The Standards shall be explained with numerical examples along with paragraph references
- Study Material shall be provided which are easy to follow. It is less ambiguous than the Standards and includes more than 500 practical examples
- Soft copy of templates and case studies will also be provided
- Clarification of queries and consultation is also offered for 6 months after the program has finished
- Live project after every Stage to test your acquired knowledge. Passing of which will only enable you to apply for the next Stage (Not applied for corporate programs)
- Trainings are held live or online depending upon your requirements.
* We recommend a first time learner to apply for Stage 1 first. Without the knowledge of the basic Standards, it is very difficult to further learn IFRS.
Stage 1 (14 Standards)
- Conceptual Framework
- Fair Value Measurement (IFRS 13)
- Income Taxes (IAS 12)
- Presentation of Financial Statements (IAS 1)
- Earnings per Share (IAS 33)
- Statement of Cash Flows (IAS 7)
- Inventories (IAS 2)
- Revenue from Contracts with Customers (IFRS 15)
- Events after the Reporting Period (IAS 10)
- Property, Plant and Equipment (IAS 16)
- Impairment of Assets (IAS 36)
- Intangible Assets (IAS 38)
- Borrowing Costs (IAS 23)
- Provisions, Contingent Liabilities and Contingent Assets (IAS 37)
Stage 2 (15 Standards)
- Non-current Assets held for sale and discontinued operations (IFRS 5)
- Accounting policies (IAS 8)
- Agriculture (IAS 41)
- Government Grant (IAS 20)
- Mineral resources (IFRS 6)
- Leases (Exposure Draft)
- Investment property (IAS 40)
- Foreign exchange (IAS 21)
- Hyperinflationary economies (IAS 29)
- Related party disclosures (IAS 24)
- Operating segment (IFRS 8)
- Interim Financial Reporting (IAS 34)
- Employee Benefits (IAS 19)
- Retirement benefit plans (IAS 26)
- Share-based payment (IFRS 2)
Stage 3 (10 Standards)
- Business Combinations (IFRS 3, IAS 27,28, IFRS 10, 11, 12)
- Financial Instruments (IAS 32, IFRS 7, IFRS 9)
- First time adoption (IFRS 1)
IFRS 4 Insurance Contracts and IFRS 14 Regulatory Deferral Accounts is excluded from the program.
Duration
Fees
Stage 1
30 hours10,000 (INR)
Stage 2
30 hours10,000 (INR)
Stage 3
40 hours10,000 (INR)
Location Live - Mumbai, Delhi - NCR, Bangalore, Kolkata, Chennai, Hyderabad
Online - Anywhere
In house - Anywhere
- Financial Controllers
- Auditors
- Heads of Finance
- Chief Accountants
- Group Finance Directors
- Finance Managers
- CFOs
- Management Accountants
- Executive Directors of Finance
- CA, CS, CMA, CPA, CW
- Heads of Accounting and Administration
- Finance and Information Systems Managers
- Financial Analysts
- Portfolio Managers
- Tax professionals
- Treasurers
- Professors
Corporates can tailor the IFRS training to suit their specific requirements and interests by combining any of the Standards available in an effective and time saving manner. We will develop a tailored training program that incorporates topics ranging from basic Standards in Stage 1 to more advanced and industry-specific Standards covering aspects most relevant to your business.
Minimum participants - 5
Fee - INR 10,000 per participant for a 30 hour program spread over 1 week (5 days x 6 hours)
*This includes a preliminary meeting to determine the program, specific issues, and other details
(Fees and timing can be negotiated depending upon the number of participants, requirements etc)
Locating and Timing:
These sessions can be organised at your premises on a date convenient to your organisation.
Call us on +91 9903390576 or email us at [email protected] to request a quote now!
If you would like to request for a free demo, kindly email us on [email protected] or call us on +91 99033 90576
1. For registration, kindly fill in the online registration form (attached below) along with a photo/identity proof at the address mentioned. In case, you are registering online, kindly mail the duly filled registration form to [email protected].
2. For corporate registrations, kindly fill in the registration form and email it to [email protected]
3. Payment can be made in cash/cheque/DD or online transfer.
4. After registration is complete, we will get in touch with you for a preliminary meeting to find out more about your requirements, so that we can tailor the program according to your exact needs (not applied for individuals). After your approval, we will provide you with our bank details.
5. Once the money transfer (or part) is made, you will receive your learner ID, training schedule and other relevant details within 48 hours.
Registration Form
A 100 hour live intensive training program on Ind AS specifically designed for India Inc.
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Consultancy
We have researched on IFRS for the last 8 years and after interacting with clients, our experience suggest that IFRS is more than an accounting change and is something that needs to be realised. There will be significant changes in Profits, Dividend policy, EBITDA, Tax planning etc. because of this transition and companies need to plan well in advance to incorporate this change and ensure smooth transition. While IFRS in India is a reality now, it is of utmost importance for India Inc to gear up and embrace this change. This is why we have come up with a range of consultancy and assistance services.
- We can explain the meaning of paragraphs of different Standards with the help of numerical examples. Since the Standards are inter related, the overall effect of a particular treatment on financial statements will also be shown.
- Assisting in preparing IFRS compliant Financial Statements including First time Adoption
- Analysis of Policy and procedure differences between existing GAAP and IFRS
- Reviewing of performance functions of supervisors and IFRS financial report
- Provide updated technical knowledge on all the latest amendments, interpretations and new Standards.
- Post-implementation review of audited IFRS Financial Statements.
Content creation
We can create worked examples, case studies, Excel templates and other ancillary tools best suited to your organisation's requirements. For example, if you are in Real Estate Industry, and you would like to know how IFRS 15 (the new Revenue Standard) affects your business practices, then we can develop specific material based on your particular scenario. Click here to see a sample. This will enable you to save substantial time and resources as you do not need to read and grasp 100 pages of text. You can also use this material for your future reference for a one-time nominal charge.
To see more of our content, please click here .
A lot of our subscribers worldwide have used our material and given us some great reviews.
"Congratulations. Your job is extremely usable and accurate. Personally helped me enormously."
"very handy tool for my work (implement ERP software)"
"Your IFRS course-ware is an outstanding resource/library reference for use by us."
Academics
We can assist in integrating IFRS into your course curriculum for Academic Institutes, Colleges and B-Schools. Ultimately, these students will be joining the corporates soon where they need to be well versed with industry norms otherwise they will be outdated from the market. Being able to communicate in the same global accounting language (IFRS) is what employers are looking for currently. Therefore a college graduate, part qualified students and individuals who are pursuing CA need to have a reasonable command over IFRS to be able to enhance their career and earn a higher salary package.
IFRS is the new global accounting and finance language now. So if you are good in Mumbai, you are good anywhere in the world.
Some of our major contribution in the Academic world
This case study on IFRS 15 (the new revenue Standard) published by Wiley Insight IFRS has been recently included into AICPA (American Institute of CPAs) course curriculum.
Some of our worked examples on different standards have been integrated into the courses of one of the top 5 B-Schools in South Africa.