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Discussion by Case Analysis Method
by
Dr. T. P. Ghosh


Classification and fair value measurement of financial assets is a critical issue in accounting. In India, long term investments are carried at cost unless there is permanent diminution in value of such investments. IFRSs require classification of financial assets into two categories : financial assets at fair value and financial assets at amortised cost. Financial assets at fair value in subsequent measurement is further classified into financial assets at fair value through profit and loss and fair value through other comprehensive income. Financial liabilities are also measured either at fair value or amortised cost. Implementation of AS 30 , AS 31 and AS 32 issued by the ICAI based on the IFRS principles is delayed .

But fair value accounting of financial assets and financial liabilities including fair valuation of non-traded derivatives, split accounting for compound financial instruments , principles of Level 1 , Level 2 and Level 3 valuation, impairment analysis of financial assets measured at cost or amortised cost , hedge accounting , reclassification of financial assets and risk disclosures are major accounting issues which India should adopt at the earliest. A thorough understanding of the financial instrument accounting is strong step towards interacting with the emerging accounting scenario.

This Accounting for Financial Instruments training / workshop intends to carry out in-depth discussion and analysis of case problems on the fair value measurement technique of domestic currency as well as foreign currency denominated financial assets and liabilities and derivative financial instruments like swaps and currency forwards.

  • Coverage [ IAS 39 /IFRS 9 , IAS 32 and IFRS 7]:
  • Classification of financial assets and financial liabilities
  • Measurement at initial recognition and subsequent reporting dates
  • Classification of Puttable Instruments
  • Reclassification of financial assets
  • Level 1 , Level 2 and Level 3 fair value – Valuation of distressed equity
  • Analysis of amortised cost for domestic currency financial assets and financial liabilities
  • Analysis of amortised cost of foreign currency assets and liabilities
  • Trade Date and Settlement Date Accounting
  • Compound Financial Instruments – optionally and compulsorily convertible debentures – accounting for FCCBs
  • Hedge Accounting – cash flow hedge and fair value hedge – divergence from the Indian accounting approaches
  • Derivative accounting – valuation of swaps , currency forwards , options
  • Financial Instruments : Disclosures

Faculty ProfileÂ

Dr. T.P.Ghosh

  • Dr. T.P. Ghosh is a prolific writer, an extremely renowned faculty with International Exposure and published work in the area of accounting and finance
  • Presently, he is Professor of Accounting & Finance at the Institute of Management Technology, Dubai.
  • His notable and popular publications include o Accounting Standards and Corporate Accounting Practices 9th edition (an authentic commentary on the national and IFRS. ) o Understanding IFRSs o Indian Accounting Standards and IFRS for Finance Executives
  • Presently, he is Professor at the Institute of Management Technology, Dubai.
  • He was a Professor in Management Development Institute, Gurgoan , and Institute of Management Technology, Ghaziabad .
  • Dr. Ghosh was formerly Director of Studies in the Institute of Chartered Accountants of India (2004-06).
  • He was a member of the J.J. Irani Committee (2005-06) constituted for the Simplification of the Company law.
  • He is fellow member of the ICAI and ICWAI.
  • He is a Gold Medalist from Burdwan University and a rank-holder in CA examination
  • Illustrated Guide to Revised Schedule VI ( Taxmann)Â is his latest book.

 Timings: 9:30 am – 5:00 pm , Registration begins at 9:00 amÂ

How to Register for Seminar:

  • Fees: Rs. 8,500/- +12.36 % service tax per person
  • Please write to register@princetonacademy.in / Call -022 66976892
  • Mention the name of participant, company, contact details .
  • Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
  • Fees includes lunch, tea, course material etc. Â