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IND AS PROGRAMME – PRACTICAL ASPECTS

April 2, 2021 @ 5:30 pm - April 4, 2021 @ 7:30 pm

The accounting and auditing committee of the CTC has organised a webinar series on practical aspects of Ind AS. The webinar series will be held over 6 sessions covering recent developments, practical experience of handling Ind AS accounts and issues faced during accounts finalisation. The sessions will also try and cover inter-play of the subject with income tax and other aspects to highlight the potential issues and solutions. The sessions will be taken a by group of expert speakers who have hands on experience in handling such situations.

With the growth in the economy and increasing number of companies going for IPO, the overall basket of companies to whom Ind AS applies is continuously increasing. This leads to various day to day challenges and at time unique accounting & taxation questions which needs to be dealt with. Through this webinar, the committee endeavours to bring to forefront the practical challenges and issues along with potential solutions.

The webinar series would be extremely useful for CFO, practicing CA, Students and also tax consultants who are involved in accounting, auditing and taxation matters of the company’s to whom Ind AS apply. The details of the programme are as under:

Sr. No. Day & Date Topic Brief coverage Speakers
1 02.04.2021
(Friday)

5.30 pm to
7.30 pm

 

Overview and Recent amendments
  • Key challenges in IND AS convergence over last 4 years.
  • Changes in Ind AS 1 (changes in definition of materiality etc.)
  • Uncertain tax treatments
  • Amendments in Lease standard
  • International developments in IFRS
Jigar Parikh
2 03.04.2021
(Saturday)

10.30 am to 12.30 pm

Ind AS related to Merger and Acquisitions, Consolidation
 
  • Practical cases (including from educational material)
  • ITFG and expert advisory opinions
  • Inter-play with income tax (demerger / merger schemes, goodwill etc.)
CA Santosh Maller
3 04.04.2021
(Sunday)

10.30 am to 12.30 pm

 

Ind AS 115 and Ind AS 116
 
  • Revenue Recognition challenges – Key issues
  • Key impact on financials due to adoption of lease standards
  • Lease concessions due to Covid
  • Practical Challenges
CA Priya Vora
4 09.04.2021
(Friday)

5.30 pm to
7.30 pm

Ind AS -32, 109, 107 – Financial Instruments
 
  • Practical Examples, case studies and issues
  • Impact on NBFC / Banks
  • To cover examples on CCD, CPS, CCPS, OCD, ESOP, contracts with complex clauses
     
CA R. Venkata Subramani
 
5 10.04.2021
(Saturday)

5.30 pm to 7.30pm

 

Ind AS -32, 109, 107 – Financial Instruments
 
  • Case studies (equity / debt clarification, compound financial
    instruments) – Presentation and Measurement
  • Accounting for derivatives / hedging
  • ITFG and recent expert advisory opinions
CA R. Venkata Subramani
6 11.04.2021
(Sunday)

10.30 am to 12.30 pm

Practical experience of handling Ind AS accounts
 
  • Commonly found errors in IndAS implementation
  • Practical issues in preparation and review of Ind AS financials
  • Additional disclosures under Ind AS
CA Milan Mody

Participation Fees: For Both the sessions –

CTC Members Rs. 1,000/- + Rs. 180/- (GST) = Rs. 1,180/-
Non-Members Rs. 1,500/- + Rs. 270/- (GST) = Rs. 1,770/-

Participation Fees to be paid online: CLICK HERE to make payment

Enrollment is restricted to 100 participants on a First-come-first-served basis.

Details

Start:
April 2, 2021 @ 5:30 pm
End:
April 4, 2021 @ 7:30 pm