IFRS: Implementation in non-finance companies

Course Objective

The course will provide a road map for transition from current Indian GAAP to International Financial Reporting Standards (IFRS). Although this programme does not intend to prescribe the road map for each company participating in the programme, it will give an opportunity to discuss specific issues and to learn from other participants and the facilitator.   

Target Participants

Professional accountants who are involved in the preparation or audit of financial statements will find the programme useful.  

Programme Duration

Two days; 12 hours of class room sessions. The programme will commence at 9:30 AM and will close at 5.30 P.M every day.

 Course Structure

The programme will focus on the following topics:

·         First time adoption of IFRS (IFRS -1)

·         Presentation of financial statements and accounting policy

·         Income recognition including accounting for construction contracts

·         Property, plant and equipment including impairment of assets

·         Intangible assets including impairment of assets

·         Business combination and consolidation

·         Employee benefits

·         Financial instruments

·         Equity based payments

·         Deferred tax