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Certificate Training Course on IND-AS

CERTIFICATE TRAINING COURSE ON IND-AS
Jointly with the Corporate Connect Committee

ACCOUNTING & AUDITING COMMITTEE

Chairman :

Heneel K Patel

Vice Chairman : Tejas J Parikh
Convenors : Arpita Gadhia, Deepak Shah
Advisor : Jayesh Gandhi 

CORPORATE CONNECT COMMITTEE

Chairman :

Anish Thacker

Vice Chairman : Apurva Shah
Convenors : Vitang Shah, Premal Gandhi
Advisor : Sujal Shah

 

Day, Date

:

Saturdays, 2nd, 9th, 16th & 23rd December, 2017

Time : 9:00 am to 5:45 pm
Venue : Babubhai Chinai Committee Room, 2nd Floor, IMC, Mumbai – 400 020
Fees

 

: Member - Rs. 9,000/- + Rs. 1,620/- (18% GST) = Rs. 10,620/-
Non-Member -
Rs. 10,500/- +Rs. 1,890/- (18% GST) = Rs. 12,390/-
[Course fees include study material, breakfast, lunch and high tea]
Additional 10% Group Discount (3 or more Delegates)
Event Cordinators - CA Arpita Gadhia - 9167408899, CA Deepak Shah - 8080388644

The Course is targeted for Chartered Accountants, Managers, Auditors and Finance & Accounting leaders.

Presently, India Inc. is experiencing Phase II of Indian Accounting Standards (IND-AS) implementation and in terms of MCA roadmap for scheduled commercial banks (excluding regional rural banks), and non-banking financial companies Phase I for preparing IND-AS compliant financial statements will be for accounting periods beginning April 01, 2018.

EVOLUTION OF IND-AS

With successful implementation of IND-AS in Phase I, it is time for Phase II entities and financial service sector to step into the new era. Bridging the gap between the two GAAPs is crucial to warrant effective evolution to the new reporting framework. Key understanding of international best practices would play an important role in smooth implementation of INDAS.This would have an impact on various functions within organizations such as finance, IT, legal and sales and is set to revolutionize the way an investor studies a set of financial statements.

It is essential for businesses, especially the NBFC and banking sectors to analyse the impact of IND-AS on their financial statements and ready themselves to step into the IND-AS era. The ACCOUNTING AND AUDITING COMMITTEE (A/A) of THE CHAMBER OF TAX CONSULTANTS is pleased to organize a certificate training course on IND-AS where you can interact with subject matter experts and deliberate on the key aspects of IND-AS.

The 4-day training session would facilitate an in-depth understanding of the GAAP differences and their impact on the financial statements including NBFCs and Banks. The participants will obtain a certification at the end of the course.

A/A, along with prominent faculty members with industry specific knowledge, aims to shed light on the unexplored aspects of Indian Accounting Standards to be adopted by the NBFC and Banking sectors. The key objective of the course is to guide you through the plethora of revolutionary changes brought about by IND-AS by walking you through the key differences between IND-AS and erstwhile Indian GAAP and providing an understanding on the practical application issues whilst INDAS implementation.

The CERTIFICATE TRAINING COURSE shall cover amongst other areas the following standards highlighting major deviations from current Indian GAAP.

The highlights would be the following:

• Technical analysis of IND-AS and comparison with erstwhile Indian GAAP
• Understanding practical application issues at the time of IND-AS adoption
• Discussion on model financial statements and disclosures as per IND-AS for NBFC and Banks
• Specific coverage of complex topics as listed below

Schedule for IND AS Training Course

Days & Dates Topics Speaker
02.12.2017
Saturday
Inaugural Session – Lighting of Lamp, President/Chairman Speech, Invitees Speech    
Overview of applicable Ind AS to NBFCs and the banking sector and the key impact areas. Eminent Faculty
IND AS 1 – Presentation of Financial Statements
Ind AS 16 – Property, Plant & Equipment
Ind AS 40 – Investment Property
Zubin Billimoria
Ind AS 18 – Revenue
Ind AS 11 – Construction Contracts
Ind AS 20 - Accounting for Government Grant.
Jayesh Gandhi/ Hemal Shah
Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets
Ind AS – 33 Earnings per Share
Ind AS – Income Tax including MAT
Zubin Billimoria
09.12.2017
Saturday
Ind AS 103 – Business Combinations
Ind AS 103 – Business Combinations
Khozema Anajwalla
Ind AS 111 - Joint Arrangements
Ind AS 28 - Investments in Associates and Joint Ventures
Khozema Anajwalla
Ind AS 109 - Financial Instruments Jayesh Gandhi
16.12.2017
Saturday
Ind AS 109 - Financial Instruments (NBFC and finance industry FI) Vyapak Shrivastav
Ind AS 23 – Borrowing Costs
Ind AS 38 – Intangible Assets
(Industry Specific Impact – Pharma, IT, Others)
Hemal Shah
Ind AS 17 – Leases Service Concession Agreement Hemal Shah
Ind AS – 21 The Effects of Changes in Foreign Exchange Rates Hemal Shah
23.12.2017
Saturday
Ind AS 113 - Fair Value Measurement
Ind AS 36 – Impairment of assets (Practical Aspects)
Yagnesh Desai
Ind AS 113 - Fair Value Measurement
(with practical examples and experience of entity applied IND AS)
Yagnesh Desai
Ind AS 110 – Consolidated Financial Statements
Ind AS 112 – Disclosure of Interests in Other Entities
Ind AS 27 - Separate Financial Statements
Zubin Billimoria & Khozema Anajwalla
Brain Storming Session  

Interested members may subscribe from the Chamber’s website : www.ctconline.org to make the payment online. Outstation members are requested to make the payment online or send DD/at par Cheque in favour of The Chamber of Tax Consultants.

Event Properties

Event date: 16-Dec-2017 9:00 am
Event End Date: 16-Dec-2017 5:45 pm
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