IFRS Course IMS PROSCHOOL

Transcription

1 IFRS Course IMS Proschool offers IFRS course & training in Mumbai, Pune, Bangalore, Delhi, Thane, Hyderabad, Chennai, Kolkata, Ahmedabad, Kochi, Gurgaon, & Online virtual classes with exam certification from NSE Academy Limited ( a wholly owned subsidiary of National Stock Exchange of India Limited).

2 Index IFRS certification course About IFRS Benefits of studying IFRS Why NSE Academy certification? Who should pursue this certification? On completion of this certification Syllabus at glance Certification process About Proschool certification and examination Key features Study modes FAQs About IMS Proschool Partnerships Corporate clients To know more about IFRS visit

3 IFRS Certification Course IFRS Certificate Program creates an understanding of International Financial Reporting Standards, necessary for success in contemporary global business world. Our program teaches IFRS with practical approach and examples. This program also prepares the candidates for certifications in Ind AS and Diploma / Cert IFRS.

4 About IFRS International Financial Reporting Standards (IFRS): Are accounting standards and principles Are set by the International Accounting Standard Board (IASB) Are becoming global standards for preparation of financial statements. Enable uniform reporting Most countries are converging or adopting their standards towards IFRS India, as a step closer to convergence with IFRS, has adopted Ind-AS

5 About IFRS a single format would be used for financial statements across all companies internationally; makes it easier for companies to compete abroad, raise capital and to win global contracts; provide consistent and comparable financial details.

6 Benefits of Studying IFRS ITES, software, pharmaceutical, Various IFRS profiles are being offered in several sectors of the industry that include: auto spare part, professional advisory companies, auditing firms, banking industry, Insurance industry, KPOs, etc.

7 Benefits of Studying IFRS Skilled and experienced IFRS experts can establish their own consultancies to help companies migrate to IFRS. Practical knowledge of these universal standards will open doors across the globe as more than 100 countries have given the green signal for adopting or converging to IFRS. Application of these standards is complex and time consuming which underlines the significance of IFRS professionals. Continuous amendments in these standards by regulators is creating need for IFRS professionals with thorough understanding of these standards. IFRS knowledge helps candidate clear CIMA and ACCA examinations

8 Why NSE India certification NSE Academy is the certifying body for financial modules The only IFRS program in India certified by NSE Academy On completing this certification candidate will learn to: Apply relevant financial reporting standards to key elements of financial reports Identify and apply disclosure requirements for companies in financial reports and notes to accounts Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements Attempt Cert IFRS examinations (ACCA) without any further coaching

9 Who should pursue this certification Candidates pursuing graduation, postgraduation in commerce, or qualified professionals like MBAs, CAs, CMAs, CSs, CFAs, CFPs or any other relevant course in the field of finance can opt for this certification in IFRS. Accounting professionals who want to supplement his / her skill sets by learning the new accounting standards to perhaps make a job-shift or simply to be updated. Students who want to begin a career in financial reporting.

10 On Completing the certification On completion of this certificate program, candidates should be able to: Get an additional certification of Ind- AS and hours of training for Dip IFRS (ACCA) from IMS Proschool with no additional cost. Attempt Cert IFRS examinations (ACCA) without any further coaching. Apply relevant financial reporting standards to key elements of financial reports. Identify and apply disclosure requirements for companies in financial reports and notes to accounts. financi statements (excluding group cash-flow statements) including subsidiaries, associates and

11 Syllabus at glance Topic The nature and operations of the IASB The status and use of IFRSs around the world Presentation and profit Accounting for assets and liabilities - part 1 Detail Structure of the IFRSF/IASB Extant standards of the IASB The framework The use of IFRS around the world The IASB roadmap The annual IASB bound volume and its use IAS 1, Presentation of financial statements; IFRS 15, Revenue from contracts with customers; IAS 8, Accounting policies, changes in accounting estimates and errors. IAS 16, Property, plant and equipment; IAS 38, Intangible assets; IAS 40, Investment Property; IAS 36, Impairment of assets; IAS 23, Borrowing costs; IAS 20, Accounting for government grants; and disclosure of government assistance; IAS 2, Inventories; IAS 17, Leases; IFRS 5, Non-current assets held for sale and discontinued operations

12 Syllabus at glance Topic Accounting for assets and liabilities - part 2 Group accounting Disclosure standards Detail IFRS 13, Fair Value Measurement; IFRS 32, Financial instruments presentation; IFRS 9, Financial instruments; IFRS 7, Financial instruments: disclosures; IFRS 2, Sharebased payment; IAS 37, Provisions, contingent liabilities and contingent assets; IAS 10, Events after the reporting period; IAS 19, Employee benefits; IAS 12, Income taxes; IAS 41, Agriculture; IFRS 6, Exploration for and evaluation of mineral resources IFRS 10, Consolidated Financial Statements; IAS 27 (revised 2011), Separate financial statements; IFRS 3, Business Combinations; IAS 28 (revised 2011), Investments in associates and joint ventures; IFRS 11, Joint arrangements; IFRS 12, Disclosure of interests in other entities; IAS 21, The effects of changes in foreign exchange rates; IAS 29, Financial reporting in hyperinflationary economies IAS 7, Statement of cash flows; IAS 24, Related party disclosures; IAS 33, Earnings per share; IAS 34, Interim financial reporting; IFRS 4, Insurance contracts; IFRS 1, First time adoption of IFRS; IFRS 8, Operating segments Principal differences between UK/US GAAP, IFRS & Ind AS

13 Certification Process 1. Enrol with IMS Proschool for IFRS course 2. Complete classroom training in 3-months 3. Clear the internal examination with minimum 70% 4. Fill the exam form on the Proschool website with NCFM ID. If you don t have an NCFM ID, you can visit 8. Get an additional hrs. Classroom training (LVC) for Dip IFRS/ Ind As 7. Clear the NSE India Certification on IFRS and get certification 6. Take the exam at NSE India or NSEIT Centres

14 About the IMS Certificate Examination The Certificate Examination will be conducted at 85 NSE Centres The exams are conducted daily The examination will be a computer based test comprising of multiple-choice questions Exam will be out of 100 marks (50 questions) and duration of the exam is 2 hrs. Candidates will receive their scores immediately after the exam Exam Grades: 50% to 59%: C Grade, 60% to 74% B grade, 75% or above 75 % A Grade No negative marking Those who fail the examination can reappear for the exam by paying the exam fee of Rs.1700/ + ST. There is no limit on the number of attempts. Certification from NSE India is valid for lifetime

15 Classroom Training Live Virtual Classroom Study modes - Features 3-month weekend batch Face-to-face training by industry expert faculty Access online study resources and mock assessments Get your queries/doubts resolved in real time Networking opportunity with varied experienced professionals Knowledge sharing among peers and motivation due to interactivity Interview grooming Additional hrs tutorials on Dip IFRS and Ind-AS through Live Virtual Classroom after the completion of IFRS Certification. e 3-month weekend batch Audio Video enabled Live & Interactive training program on CISCO Platform Clear your subject doubts face-to-face with experts Get recorded sessions for future reference and missed sessions. Access Online study resources and Mock assessments Interact with your peers virtually while learning No travel, save time - Study in the comfort of your home with a broadband connectivity

16 About IMS Proschool IMS Proschool is an initiative of IMS learning Resources Pvt. Ltd an organization engaged in training students for last 37 years. Proschool was launched in 2006 with the objective of equipping graduates and young professionals, with relevant and current skills through standards-based and thoroughly tested certification programs to enable them to perform in a wide spectrum of business environs. Ranked #4 Trusted Brand in Education and 44 th amongst Most Trusted Nielsen & Brand Equity Study) Service Brands across India (AC- IMS Proschool along with parent organization has trained more than 3 lakhs candidates for different competitive exams and professional courses 90 centers across India for Management Training and 10 centers of Proschool for Financial Training Proschool has also trained over professionals from well known organizations like State Bank of India, Bank of India, UTI, Kotak Group, ICICI Group, Sundaram BNP Paribas, Citibank etc.,

17 Partnerships Funded by National Skill Development Corporation, a PPP promoted by the Union Ministry of Finance, Govt of India to offer skills based education Tie-up with National Stock Exchange's NCFM for Certification test administration Approved learning partner of CIMA (UK) for management accounting qualification Approved prep provider of CFA Institute, USA for CFA Program Partner with NISM (National Institute of Securities Market - an Initiative of SEBI) to spread Financial Literacy and Awareness across 135,000 schools in the country.

18 Corporate Clients Trained & Certified employees of following Organizations State Owned Banks Foreign Banks Security Houses Mutual Fund Companies Insurance Companies IT/ITES

19 Our other industry oriented programs Certification Programs Chartered Financial Analyst Financial Modeling Certified Financial Planner Certification Financial Services Foundation Chartered Institute Management Accountant Business Analytics Association of Chartered Certified Accountants (ACCA) International Financial Reporting Standards (IFRS) Post Graduate Program (6 Month 9 months) Investment Banking and Equity Research Data Science Management Accounting

20 Other Programs CIMA Course: CIMA (Chartered institute of Management Accountants) established in the year 1919, is a globally recognized qualification for careers in Business & Finance. CIMA is the world's largest professional body of Management Accountants with more than 218,000 members working in 177 countries. CIMA qualified professionals work in the field of Corporate Finance, Financial Reporting, Financial Analysis, Business Analysis, Project Finance, Treasury Management, Risk Management etc. IMS Proschool, funded by NSDC, a PPP promoted by the Union Ministry of Finance, Govt of India. It is an official learning provider of CIMA and has trained more than 20,000 professionals & students on various courses in Finance. Proschool also offers a 9- months PGP in Management Accounting program the fastest way to complete CIMA in India. For more information on CIMA Course : ACCA Course: Association of Chartered Certified Accountants (ACCA) is world's leading and fastest-growing international accountancy organisation with 1,88,000 members and 4,80,000 students in 181 countries. Not only does ACCA institute work with 7,110 approved employers across the globe but ACCA professionals also get preferential immigration status to Australia, Canada, UK, New Zealand, Ireland etc. ACCA is recognised in 78 markets and has more than 80 global accountancy body partnerships. ACCA courses help candidates to make career in the field of accountancy, taxation, audit, internal audit, pricing analyst, etc. Proschool offers ACCA classroom training courses in Mumbai, Navi Mumbai, Thane, Pune, New Delhi, Gurgaon, Hyderabad, Bangalore, Chennai, Kochi and Online training courses across the globe. Proschool also offers a 9-month PG Program in Global Accounting. For more information visit:

21 To know more about IFRS visit City Contact no Bangalore , Chennai , Hyderabad , Mumbai (Andheri) , Navi Mumbai New Delhi , Pune , Thane , Kochi , Gurgaon Other cities ,