What is this courseabout
International Financial Reporting Standards(IFRS) is a set of accounting standards, developed by the InternationalAccounting Standards Board (IASB) that is becoming the global standard for thepreparation of public company financial statements.
India is one of the over 100 countries thathave or are moving towards IFRS (International Financial Reporting standards)convergence with a view to bringing about uniformity in reporting systemsglobally, 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 convergenceto IFRS.
Part A: International Sources of authority
The IASB and the regulatory framework
The conceptual framework
Part C: Presentation and additionaldisclosures
Presentation of published financialstatements
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 combinedentities 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:
