Workshop on IFRS implementation
In line with the global trend, Government of India has taken decision to converge Indian corporate accounting with International Financial Reporting Standards (IFRS) with effect from April 1, 2011. In the first phase of compliance all Nifty and BSE 30 companies and other companies having net worth of more than Rs.1000 crores need to comply with IFRS norms. This requires these companies to have financial reporting framework that is truly global in nature which throws plethora of opportunities like improved inter-firm comparisons, access to global capital markets etc.
However, dealing with operational aspects of the new reporting framework is a major challenge. Quick ramp up of skilled resources, creating awareness of what this transition means, knowledge of statutory and regulatory changes likely in the current scenario is need of the hour.
Objective:
The programme is intended to provide working knowledge on implentation of IFRS, migration to IFRS reporting system. The program comrehensively covers all IFRS standards and provides thorough knowledge on areas like fair value accounting, impact on accounting policies, financial disclosures etc.
Who can participate:
Mandatory transition to IFRS based accounting and reporting system will provide many opportunities to finance and other professionals who gain expertise in IFRS standards. The program can be attended by:
- Finance and accounts personnel of the companies to whom IFRS is applicable
- Chartered accountants, cost accountants and other finance professionals
- People who want to aim huge job and consulting opportunities created by IFRS across globe
- Others who want to update themselves with latest trends in accounting industry
Programme dates and venue:
The program will commence on June 5, 2010 and conclude on June12, 2010. This is eight day programme (with classes on Saturday & Sunday). The programme starts at 9:30 AM and ends at 6:30 PM everyday. The venue of the programme will be at Institute of Public Enterprise, OU Campus, Hyderabad- 7.
Certification of Participation:
On the conclusion of the programme participants receive a certificate of participation from IPE. The programme helps those interested participants to appear for online test and obtain "Diploma in IFRS" by ACCA- LONDON. The diploma is valid in more than 120 countries including India. Next online exam will be conducted in the month of December 2010 for which candidates can pay fee and register online on or before October 15, 2010.Please refer to www.accaglobal.com for more details.
Programme fee:
The programme is non-residential. A fee of Rs.22,060/- (inclusive of service tax) is payable per participant which covers charges for faculty inputs, Tea/ Coffee and Lunch.
Accommodation can be arranged, if informed in advance.
Payment of fee:
Participants can pay the fee in the form of DD/cheque favoring " Vasista Foundation for Management Research". Payment can also made using online fund transfer facility.
About Vasista Foundation for Management Research:
Vasista Foundation specializes in corporate advisory services primarily in the areas of professional education,finance and accounting,assurance, governance, risk and capital structuring. Vasista is lead by team of chartered accountants with more than 40 years of combined experience.
About Institute of Public Enterprise:
The Institute of Public Enterprise (IPE), Hyderabad is a non-profit educational society established in 1964. It is devoted to Education, Training, Research and Consultancy for business enterprises in the public and private sector. IPE is the premier Business School at Hyderabad and is recognized as a "Centre of Excellence" by the Indian Council of Social Science Research (ICSSR), Ministry of Human Resource Development, Government of India, New Delhi for doctoral studies. It has also been recognized by eight universities in India for guidance of Ph.D scholars. In the year 2009 it was awarded with International recognition by the award of European Foundation for Management Development (EFMD).
Profile of the trainer:
Mr.Rammohan Bhave is internationally renowned IFRS faculty and implementation expert. Mr.Bhave is a fellow member of Institute of Chartered Accountants of India(ICAI), Institute of cost and Works Accountants of India(ICWAI) and he is associate member of Institute of Company Secretaries of India (ICSI). He holds Diploma in IFRS awarded by ACCA, London and ICAI, India. He holds post graduate degree in LLB and he is a Six Sigma- Green Belt Holder.
Mr.Bhave was active member in implementation of IFRS for steel companies in Bulgaria, Bosnia, Serbia etc. He provides corporates training on IFRS and has taken up many implementation assignments in India.
He has written various articles on IFRS and monthly column in ICWAI and CS monthly bulletins. He is a guest lecturer on IFRS at institutes like ICAI, ICWAI and MBA institutes like SIES, NMIMS. He has conducted a Webinar on "IFRS- Overview and Opportunities for Professionals" through more than 75 Reliance web world locations in more than 50 cities.
Contact information:
For more details about the programme, please call us at +91 9985103000 or e-mail us atvasistafoundation @ gmail.com
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