Rupa Agarwal (Service) (137 Points)
11 February 2014Dear Friends,
Please help me in choosing the correct course. I want to the IFRS Training Course. There are 2 options available:-
1. Certificate Course by ICAI
2. DipIFR Course by KPMG
Please suggest which is better option in terms of course contents and recognition.
Looking forward to your immediate responses and valuable suggestions.
Thanks
Best Regards
Rohan
(Student)
(289 Points)
Replied 11 February 2014
pratik
(CA)
(1186 Points)
Replied 11 February 2014
KPMG is not providing degree its coaching provided for exam held by ACCA...
ICAI is certification course
I think Kpmg is beter
CA Kumar Ajay
(Following My Dreams)
(228 Points)
Replied 11 February 2014
I Am Also Researching On The Same Question Since Last 2 Weeks
All I Could Get Is.........Course Content And Recognision Wise ACCA UK Diploma Is Better.
ICAI Fee 30000 (4 Attempts Allowed In 2 Years).....KPMG+ACCA UK = 53000 (Approx)...And Remember Every Additional Attempt Will Cost You 22000 (Approx)
KPMG Just Gives Coaching Classes......Diploma Is By ACCA UK
Other Please Share Your Knowledge And Experience.
CA.VARUN MISHRA
(Practice)
(280 Points)
Replied 11 February 2014
Rupa Agarwal
(Service)
(137 Points)
Replied 12 February 2014
Thank you friends for your inputs.
ICAI is conducting the course at Rs 30k plus CPE hours credit
ACCA and KPMG has a tie-up for DipIFR of 75 hours training where KPMG professionals give the training.. The training course fee is Rs27.5k + ST. If anyone wants to get the Diploma from ACCA, he/she has to spend extra Rs 20k as an examination fee. After the training course, KPMG gives "Participation Certificate". 50% of people just take the PC from KPMG and dont opt for exams. I have no idea of CPE hours that will be credited for doing this course from KPMG.
Is just "Participation Certificate" from KPMG and without ACCA Diploma worth Rs 30k?
I want to know what are the career opportunities that after doing this course from KPMG?
Nirmall
(Article)
(54 Points)
Replied 13 February 2014
Payal Golchha
(CA, CS, B.Com)
(33 Points)
Replied 23 February 2014
For ICAI , you have to answer one paper of 100 marks with 50% being the passing criteria. After 4 attempts, you have to pay Rs. 1000/- for every additional attempt. The paper pattern has 60 marks reserved for MCQs and the balance 40 marks for subjective questions.
JANAKIRAM CHADA
(PARTNER)
(27 Points)
Replied 14 July 2015
IFRS Course offerred by ICWA Institute is useful or not?
sidgupta
(CA Job)
(108 Points)
Replied 27 July 2015
Being a CA for the last 7 years, I regret to inform you that ICAI Certificate course is not at all good. It is objective based and the questions include Fill in the Blanks, Multiple choice, true and false. It does not enhance your knowledge whatsover. In the end there is a small case study. I have done this course and I am still struggling to incorporate IFRS (Ind AS) in my job. So I will not recommend anybody to waste their time or money.
Secondly, IFRS is my passion so I have done my Diploma in IFRS (ACCA) as well by KPMG. Recognition is there and questions are better but if you notice in the last 8 year question papers, the first 2 questions are always on consolidation. Only the figures have changed. And they never ask any question on Income taxes. IFRS clearly states that "each and every transaction or event has to be shown with income tax effect". The strange thing is that I was not able to complete the paper on time but was still awarded the certificate.
I have spent about close to 1 lakh on these 2 courses and I am still struggling with undertanding Ind AS (as India will be one of the first country to implement 2 new standards ie, IFRS 15 - revenue and IFRS 9). Understanding meaning of paragraphs is tough but application is tougher. It hasnt added any value to my career just another point on my resume.
Recently I came across this wesbite called IFRS Demystified. There I found vast resources (study material) on IFRS and they are actually helpful for my job (implementation). You can also post your questions and they answer too. You can download the books as well. Most of them are free. You can have a look if you really want to learn IFRS www.ifrsdemystified.com
Hope this helps
CA Sidharth Gupta
CA Adarsh
(Job)
(82 Points)
Replied 22 August 2015
Dear Frnds I have also a doubt in my mind as ACCA Diploma in IFRS and the course content is of IFRS but in india IND AS will be applicable so whether its better to go for ACCA or to do from ICAI who is providing the course on IND AS.
Further Can ACCA course be cleared without taking classes from KPMG i.e. can we clear the same by self study.
Pls help me I am a bit confused....
silpy kedia
(Partner)
(25 Points)
Replied 08 September 2015
hi,
wats d difference in recognition between Diploma in IFRS by ACCA,certification course on IFRS by ACCA & IFRS by ICWAI???
Neha Jain
(Chartered Accountant)
(128 Points)
Replied 27 September 2015
Hello Sir,
I am in the process of getting myself register with ACCA for Diploma in IFRS.
They need a experience certificate of two years. I am a CA Final Student and dont have any such experience.
Can I get that certificate signed by proprietor of a Sole proprietorship firm (my relative)
It will be counted or not and will they cross check my experience.
harshit
(none)
(30 Points)
Replied 27 September 2015
harshit
(none)
(30 Points)
Replied 27 September 2015
CAclubindia
