Originally posted by : sidgupta | ||
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 |