Certificate course on IFRS convergence by ICWAI


Certificate course on IFRS convergence by ICWAI

Certificate course on IFRS convergence by ICWAI: Lets us know what IFRS? Before going further we like tell you what IFRS is what are its advantage and everything you need to know about IFRS.

WHAT IS IFRS?

International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organisation called the International Accounting Standards Board (IASB).

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IFSR Provides global framework for should companies prepare and disclose their financial statements. All the general guidelines for preparation of financial statements are provided in IFRS.

IFRS provides international standards, having an international standard is very much important for the company. A single set of world wide standard will simply accounting procedure for a company to use one reporting language. Investors and auditors will also be provided with cohesive view of finance.

Currently more than 100 countries permit or require IFRS for companies, with more countries expected to transition to IFRS by 2015. IFRS is sometimes confused with IAS (International Accounting Standards), which are older standards that IFRS has replaced.

Certificate course on IFRS convergence by ICWAI

WHAT WE WILL GET FROM IFR

After successfully completion the certification a candidate proficient in these skills:

  • Understand and explain the structure of the framework of international accounting and Ind-AS
  • Apply relevant financial reporting standards to key elements of financial reports
  • Identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements), including subsidiaries, associates and JVs

IFRS is a standard is getting adapted in world wide this had created a potential for IFRS professionals. This is the reason companies are preferring those candidates who are having these certifications. This certification means those candidates are proficient in there skills in finance and accounting. This is needed to give you a proficient look in front of the world.

Certificate course on IFRS convergence by ICWAI:

WHAT IS THE NEED OF IFRS:

  • IFRS for Decision Makers of Banking and Financial Institutions
  • financial reporting
  • international financial reporting standards
  • international accounting standards
  • ifrs for banks
  • accounting principles
  • financial accounting
  • financial statement
  • IFRS 9 Financial Instruments

Certificate course on IFRS convergence by ICWAI : ICWAI Management Accounting Research Foundation was incorporated under Section 25 of the Companies Act, 1956 by the Registrar of Companies, West Bengal on 17th August, 2009. The Institute of Cost Accountants of India is the promoter of the company. The registered office of the company is 4th Floor, CMA Bhawan, 3, Institutional Area, Lodhi Road, New Delhi – 110003.

Preparing for IFRS? - Must read below
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better. Watch demo videos below -

Certificate course on IFRS convergence by ICWAI

The Ministry of Corporate Affairs (MCA) has given a Road Map for convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS). The new converged standards have been published and the convergence date is awaited. ICWAI-MARF feels the need to train its members in IFRSs. For this purpose ICWAI-MARF offers a 100 + hours e learning course on IFRS with a view to reach out to all members across India.

The objective of this course is to equip the Members and students of the Institute and others with the essential knowledge in the International Financial Reporting Standards. It is also intended to educate the members about the practical application of the IFRS standards

On successful completion of this course, the learner will acquire a basic understanding of the various IFRS/IAS standards.

Certificate course on IFRS convergence by ICWAI: Online Learning Model

This E Learning course consists of 100+ hours that covers 34 standards.

The course contains rich visual elements and interactivities combined with audio that facilitates rich learning experience to all types of learners.

Certificate course on IFRS convergence by ICWAI: Course Details

The course has been developed on the following pattern:

  1. Simplification of the various original clauses of standards as given by IASB
  2. Re-arranging and grouping them in a logical flow
  3. Value addition through examples and case studies
  4. Additional headings and sub-headings to suit the relevant content

Learners will be moved along the learning path with increasing intensity of learning:

Know
Understand
Apply

This will enable the learner to:

  • Know about different standards
  • Understand the different standards in depth
  • Apply the standards in certain cases

Target Professionals

  • Members of ICAI
  • Students of ICAI
  • Finance and Accounting Professionals interested in IFRS
  • MBA Students with Specialization in Finance

Certificate course on IFRS convergence by ICWAI

Module

The e learning course covers the following Accounting Standards.

1IFRS 1First Time Adoption
2IFRS 2Share Based Payment
3IFRS 3Business Combinations
4IFRS 4Insurance Contracts
5IFRS 5Noncurrent assets held for sale
6IFRS 6Exploration for and Evaluation of Mineral Resources
7IFRS 8Operating Segments
8IAS 1Presentation of financial statements
9IAS 2Inventories
10IAS 7Statement of cash flows
11IAS 8Accounting policies
12IAS 10Events after reporting period
13IAS 11Construction contracts
14IAS 12Income Tax
15IAS 16PPE
16IAS 17Leases
17IAS 18Revenue Recognition
18IAS 19Employee Benefits
19IAS 20Government Grants
20IAS 21Effects of foreign exchange rates
21IAS 23Borrowing costs
22IAS 24Related Property disclosures
23IAS 26Accounting and reporting by retirement plans
24IAS 27Consolidated and separate financial statements
25IAS 28Investments in Associates
26IAS 29Financial reporting in Hyperinflationary economies
27IAS 31Interest in Joint Ventures
28IAS 33Earnings per share
29IAS 34Interim Financial reporting
30IAS 36Impairment of assets
31IAS 37Provisions, Contingent Liabilities and Contingent Assets
32IAS 38Intangible assets
33IAS 40Investment Properties
34IAS 41Agriculture

Certificate course on IFRS convergence by ICWAI 

Course Delivery

  1. The learners will get access to the e-learning modules within one working day from the date of receipt of payment.
  2. The user id and pass word and details related to the on-line access will be sent by email to the members.

The on-line access is valid for one year (365 days) from the date of registration of the course (or)
300 hours of eLearning access whichever ends earlier.

Certificate course on IFRS convergence by ICWAI

On expiry of the validity period, the e learning course can be extended for further period of 90 days as per details below:

Extension fee: Rs. 1000 + 145 ( Service Tax @ 14% +Swachh Bharat cess @ 0.5%) Total Rs. 1145.

Certificate course on IFRS convergence by ICWAI:

Award of Certificate:
A certificate will be awarded by ICWAI-MARF to those learners who take up on-line pro-metric test and pass it.

Certificate course on IFRS convergence by ICWAI : General Information

Certificate course on IFRS convergence by ICWAI :

To know about the modules of IFRS follow this link

Certificate course on IFRS convergence by ICWAI :

To know about the projects by IFRS follow this link

Certificate course on IFRS convergence by ICWAI

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Watch IFRS sample video lectures Here
Watch  IFRS  sample lecture books  Here
Watch IFRS free downloads  Here

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