IFRS 6 month

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What is this course about

International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

India is one of the over 100 countries that have or are moving towards IFRS (International Financial Reporting standards) convergence with a view to bringing about uniformity in reporting systems globally, enabling businesses, finances and funds to access more opportunities.

ICAI has decided to implement IFRS in India. The Ministry of Corporate Affairs has also announced its commitment to convergence to IFRS.


Part A: International Sources of authority

The IASB and the regulatory framework
The conceptual framework

 

Part C: Presentation and additional disclosures

Presentation of published financial statements
Reporting financial performance
Earnings per share
Miscellaneous standards: related party disclosures and segment reporting
Reporting for small and medium-sized entities

 

Part B: Elements of financial statements

Revenue
Accounting for tangible non-current assets
Impairment of assets
Accounting for leases
Intangible assets and goodwill
Inventories
Provisions, contingent liabilities and contingent assets
Employee benefits
Financial instruments
Accounting for taxation
Foreign currency transactions
Accounting for agriculture and mineral resources
Share-based payment

 

Part D: Preparation of external financial reports for combined entities and joint arrangements

Constitution of a group
The consolidated statement of financial position
The consolidated statement of profit or loss and other comprehensive income
Accounting for associates
Accounting for joint arrangements

 

Practice Question Bank
Practice Answer Bank
Mock Test-1
Mock Test-2
Mock Test-3

What are the course deliverables ?

Online access to voice based learning content.
2 Imported books from ACCA, UK:
Home study text*
Practice and Revision kit**
Solved Sample questions booklet for preparation
Support from subject matter experts on e-mail
Facility for taking online exam anytime after completion of the training
Certification for candidates scoring more than 50% marks in the exam

Program Highlights

2 Imported books from ACCA, UK:

 

Frequently Asked Questions