IFRS

International Financial Reporting Standards (IFRS)

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 :
IFRS 10
 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


IFRIC 12
 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.

 

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

How to Register: 

• Fees: Rs. 9,500/- +18% GST per person. 

• Please write to register@princetonacademy.co.in /Call -022-67256200 

• Mention the name of participant, company, contact details . 

• Fees includes lunch, tea, course material etc.