| Title |
National Residential Certification Course on International Financial Reporting Standards (IFRS) |
| Theme |
The Certification Course will focus on IFRS Reporting Requirements for 2007 and its impact in India, Similarities and differences between IFRS and US GAAP/ and IFRS and Indian GAAP and the issues relating to the transition process from Indian GAAP to IFRS.
The CPE Committee would issue a certificate after successful completion of the said Course. To issue the certificate, the following assessment methodology would be adopted:
ASSESSMENT METHODOLOGY
Attendance
Weighting = 30%
Attendance at all 4 days will get 30% with a sliding scale depending on the number of days attended
Multiple Choice Questions Tests (6 In Total)
Weighting = 30% (Typically: 5% per test).
Course Assignments (2 In Total)
Weighting = 40% (Typically: 20% per test)
These assignments will usually be equally weighted and should take approximately 2 hours each to complete. These may be completed at home and must be submitted by the specified date(s).
The participants who attends at least for 3 days and secures 75% would be declared to have successfully completed the course and the CPE Committee would issue a certificate. |
| Date & Time |
Thursday to Sunday, 12th, 13th, 14th and 15th July 2007
9.30 AM (12th July 2007) to 5.30 PM (15th July 2007) |
| Venue |
Celebrity Club, Survey No. 1222, Shamirpet village, R R District, adjoining Hyderabad |
| Discussion Sessions |
Topic
Introduction, IFRS: Principles-Based Standards, Accounting Policies (IAS 8)
Presentation of IFRS, Property, Plant and Equipment (IAS 16), Non-Current Assets Held For Sale (IFRS 5)
Disclosure, Costs (IAS 23), Investment Property (IAS 40)
Agriculture - Biological Assets (IAS 41)
Inventories (IAS 2), Revenue (IAS 18), Liabilities
Restructuring - Includes Recent Exposure Draft & Amendments
Finance Lease - Classification and Accounting
Payments
Financial Assets & Liabilities (IAS 32 & 39; IFRS 7)Consolidated Financial Statements
Foreign Currencies (IAS 21)
Application Of IFRS in Specialised Industries
Impairment of Assets (IAS 36)
Business Combinations and Intangible Assets (IAS 38; IFRS 3)
First-Time Adoption of IFRS (IFRS 1)
Impact of First-Time Adoption of IFRS
Group Discussions: Similarities and Differences - A Comparison of Indian GAAP And IFRS
The said Certification Course would be addressed by CA. Amarjit Chopra, Chairman, Accounting Standards Board, ICAI, CA. S. Gopalakrishnan, Central Council Member, ICAI, CA. K. Kanagaraj Antonsamy, Member, CPE Committee, ICAI, Dr. Avinash Chander, Technical Director, ICAI, Dr. T. P. Ghosh, Director of Studies, ICAI, CA. P. R. Ramesh, Hyderabad, CA. Chinnasamy Ganesan and other eminent speakers whose names would be announced shortly. | |
