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IFRS Update Course / Training / Seminar
IFRSs as global accounting standards have undergone major changes in recent times. Consolidation principles , fair value measurement , stripping costs in mining industry and application of equity method accounting to interest in joint ventures are major changes since Ind-ASs are developed in India in the IFRS convergence process. Other developments in IFRSs are macro-hedging , insurance contracts , acquisition of interest in a joint arrangement , fair value measurement of subsidies government loan , revenue based depreciation method, accounting for market value uplifts,
This training/ seminar/ workshop is aimed at updating the accounting and finance executives about the recent developments in IFRSs.
IFRS 10 Consolidated Financial Statements â€“ new meaning of control
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
IFRS 13 Fair Value Measurement â€“ fair value measurement process of non-financial and financial assets
IAS 27 Separate Financial Statements
AS 28 Investments in Associates and Joint Ventures
IFRIC Interpretation 20: Stripping Costs in the Production Phase of a Surface Mine
Presentation of Items of Other Comprehensive Income (Amendments to IAS 1)
Disclosuresâ€”Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) Issues in Cash flow classification under IAS 7
IFRS 11 Joint Arrangementsâ€”acquisition of interest in a joint operation
IAS 16 Property Plant and Equipment, IAS 38 Intangible Assets and IAS 17 Leasesâ€”Purchase of right to use land
SIC-13 Jointly Controlled Entitiesâ€”Non-Monetary Contributions by Venturers and IAS 28 Investments in Associates and Joint Ventures (revised in 2011) â€”Definition of the term â€˜non monetary assetâ€™ in SIC 13 and IAS 28 (revised in 2011)
IAS 39 Financial Instruments: Recognition and Measurementâ€”Term-extending options in fixed rate-debt instruments
IAS 16 Property Plant and Equipment and IAS 38 Intangible Assetsâ€”Revenue-based depreciation method
IAS 12 Income Taxesâ€”Accounting for market value uplifts introduced by a new tax regime
IAS 1 Presentation of Financial Statements and IAS 12 Income Taxesâ€”Presentation of payments of non-income taxes
IAS 28 Investments in Associates and Joint Venturesâ€”Application of the equity method when an associateâ€™s equity changes outside comprehensive income
IFRIC 12 Service Concession Arrangementsâ€”Payments made by an operator in a service concession arrangement
IAS 37 Provisions, Contingent Liabilities and Contingent Assetsâ€”Levies charged for participation in a specific market (date of recognition of a liability)
Government loan at a below-market rate of interest at the date of transition to IFRSs.
IFRS Update Course Faculty
â€¢ 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
â€¢ Presently, he is Professor of Accounting & Finance at the Institute of Management Technology, Dubai.
â€¢ 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
â€¢ Presently, he is Professor at the Institute of Management Technology, Dubai.
â€¢ He was a Professor in Management Development Institute, Gurgoan , and Institute of Management Technology, Ghaziabad .
â€¢ Dr. Ghosh was formerly Director of Studies in the Institute of Chartered Accountants of India (2004-06).
â€¢ He was a member of the J.J. Irani Committee (2005-06) constituted for the Simplification of the Company law.
â€¢ He is fellow member of the ICAI and ICWAI.
â€¢ He is a Gold Medalist from Burdwan University and a rank-holder in CA examinatio n
â€¢ Illustrated Guide to Revised Schedule VI ( Taxmann)Â Â is his latest book.
Timings: 9:30 am – 5:00 pm , Registration begins at 9:00 amÂ
Â How to Register:
â€¢ Fees: Rs. 9,500/- +12.36 % service tax per person
â€¢ Please write to email@example.com / Call -022 66976892
â€¢ Mention the name of participant, company, contact details .
â€¢ Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
â€¢ Fees includes lunch, tea, course material etc. Â