📌Introduction
This course offers a focused understanding of key Ind AS standards—Ind AS 115 (Revenue Recognition), Ind AS 116 (Leases), and critical areas in Group Accounting and Consolidation. It addresses real-world application challenges, audit concerns, and recent regulatory updates to help professionals ensure accurate financial reporting and compliance.
🎯 Course Objective
By the end of the course, participants will be able to:
- Apply the 5-step model of Ind AS 115 for revenue recognition, including performance obligations and variable consideration
- Understand complexities in asset and liability recognition, especially in lease accounting under Ind AS 116
- Evaluate the impact of lease standards on EBITDA and key financial ratios
- Address group consolidation and audit challenges in Ind AS financials
- Stay updated with recent disclosures, compliance expectations, and practical reporting issues
Ind AS 115 – Revenue Recognition (Revenue from Contracts with Customers)
- 5-step model for revenue recognition
- Identifying distinct performanc e obligations
- Issues with variable consideration, contract modifications, and discounts
- Real-lif e challenges in various sectors
Asset & Liability Recognition Complexities
Ind AS 116 – Leases (Major Change from AS 19)
- Right-of-use (ROU) assets and lease liability concept
- Practical challenges in lease accounting (e.g., discoun t rat e, short-term leases, modifications)
- Impact on EBITDA and financia l ratios
Group Accounting & Consolidation Issues
Recent Developments & Practical Disclosures
Common Audit & Compliance Issues in Ind AS Reporting
COURSE SCHEDULE & FEES
2:00 PM to 5:00 PM
Training Session
Online
Online Session
6253
Inclusive of all taxes
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