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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.

Coverage :
Consolidated Financial Statements – new meaning of control

IFRS 11 Joint Arrangements

IFRS 12 Disclosure of Interests in Other Entities

IFRS 13 Fair Value Measurement – 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)

Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) Issues in Cash flow classification under IAS 7

IFRS 11 Joint Arrangements—acquisition of interest in a joint operation

IAS 16 Property Plant and Equipment, IAS 38 Intangible Assets and IAS 17 Leases—Purchase of right to use land

SIC-13 Jointly Controlled Entities—Non-Monetary Contributions by Venturers and IAS 28 Investments in Associates and Joint Ventures (revised in 2011) —Definition of the term ‘non monetary asset’ in SIC 13 and IAS 28 (revised in 2011)

IAS 39 Financial Instruments: Recognition and Measurement—Term-extending options in fixed rate-debt instruments

IAS 16 Property Plant and Equipment and IAS 38 Intangible Assets—Revenue-based depreciation method

IAS 12 Income Taxes—Accounting for market value uplifts introduced by a new tax regime

IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes—Presentation of payments of non-income taxes

IAS 28 Investments in Associates and Joint Ventures—Application of the equity method when an associate’s equity changes outside comprehensive income

Service Concession Arrangements—Payments made by an operator in a service concession arrangement

IAS 37 Provisions, Contingent Liabilities and Contingent Assets—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

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 examinatio n

• Illustrated Guide to Revised Schedule VI ( Taxmann)  is his latest book.


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


 How to Register:

• Fees: Rs. 9,500/- +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