Advanced Certificate Program on IFRS: Implementation and ... · Accounting Advisory Services, KPMG...
Transcript of Advanced Certificate Program on IFRS: Implementation and ... · Accounting Advisory Services, KPMG...
Agenda 1
2
5
Regulatory developments
About the program
About KPMG in India – Accounting Advisory Services
6 Synchronous Learning – NIIT Imperia
3 Upcoming programs
4 Program Director and Trainer Pool
7 Other details
4
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Announcement by the Ministry of Corporate Affairs (MCA) dated January 22, 2010
Other amendments to the Companies Act
(including, e.g. Schedule VI and Schedule
XIV) will be undertaken in a time bound
manner to facilitate the process of
convergence
Anticipated timeline of achieving convergence
Phase 1 – Transition date April 1, 2011
NIFTY 50
SENSEX 30
Companies whose shares or other securities listed on stock exchanges outside India
Companies (listed or unlisted) with net worth in excess of INR 1000 crores
Phase 2 – Transition date April 1, 2013
Companies (listed or unlisted) with net worth in excess of INR 500 crores but not exceeding INR 1000 crores
Phase 3 – Transition date 1 April 2014
Listed companies with net worth of INR 500 crores or less
Existing
Indian
Accounting
Standards
IFRS converged
standards
Indian GAAP books to be maintained for taxation purposes
IFRS convergence in India – Phased approach
© (2011) KPMG, an Indian Partnership and a member firm of the KPMG network of independent member
firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights
reserved.
IFRS timelines for banks and insurance companies
Banks Insurance companies NBFCs
SCB* and UCB#
with net worth >
INR.300 Crores
April 1, 2013
UCB with net
worth > Rs.200
Crores but < =
INR.300 Crores
April 1, 2014 April 1, 2012
1. Part of Nifty 50 /
BSE 30
2. Net worth >
INR.1,000 Crores
April 1, 2013
Net worth >
INR.500 Crores
April 1, 2014
* - Scheduled commercial banks
# - Urban co-operative banks
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
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6
Recent regulatory updates
Converged Indian accounting standards (Ind AS) notified by
the Ministry of Corporate Affairs (MCA) in February 2011
Timeline for Ind-AS convergence likely to be deferred
Several „carve-outs‟ (deviations) from IFRS issued
internationally
Amendments to the Companies Act
Revised Schedule VI notified in February 2011
Timeline for applicability of AS 30, 31 and 32 (Indian
standards on financial instruments) deferred
Separate records for tax purposes - Position paper by
Institute of Chartered Accountants of India (ICAI);
Committee formed by Ministry of Finance
MCA notification dated 31 March 2011 mandates filing of
financial statements in XBRL format from 2010-11
8
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Information session for the program
Why should I attend the Information
Session? To evaluate the programs rigorously and in
depth before taking the final decision on the
programs to be pursued
Who will host the Information Session? Mr. Chandrashekhar, Associate Director
Accounting Advisory Services, KPMG in India
who is also the program director of the IFRS
programs will be hosting the information session
and answer your queries about the program.
How can I register for the Information
session? To attend information session about the
program Register Here or call 1800-266-0304
(MTNL/BSNL) or 040-66124690 (Others) (Or)
Write to [email protected]. To know more call Us At 1800-266-0304 (Or) Write to [email protected].
9
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Advanced Certificate
Program on IFRS:
Implementation and
Compliance
Back
To know more call Us At 1800-266-0304 (or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
10
About the program (1/2)
Professional from KPMG in India with significant IFRS conversion
experience
Trainers of International Repute
Focused toward challenges to be faced by each stakeholder in
IFRS conversion
Practical inputs on carrying out a conversion exercise
Mix of Experience Sharing Real Life Case Discussion
Use of Illustrative Financial Statements Industry Disclosure
Requirements, etc.
Certification of completion on successful assessment clearance from
KPMG in India and NIIT Imperia
Faculty
Program Design
Pedagogy
Certification
In the first seventeen batches, organizations like Wipro Technologies, ICICI Prudential Life Insurance,
Capgemini, Oriental bank of Commerce, Hindustan Motors, NHPC, Reliance Power, Tata Motors, Bank of
Maharashtra, Yahoo, etc. have nominated their employees for the program
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
11
About the program (2/2)
Ram Iyer, Director, Accounting Advisory Services, KPMG in India
6 Weeks
Graduates, Students majoring in finance, CA’s, CS’, CWA’s, MBA (Finance).
Batch 18 – Friday 9:00AM – 5:30 PM Jan 6, 13, 20, 27, Feb 3,10 2012
Program director
Duration
Eligibility
Schedule (Tentative)
Fees Batch 18 - INR 38,500/- + 10.3% Service Tax- INR 42,466/-
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
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Benefits of IFRS/ Ind-AS training
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Getting trained early on IFRS/ Ind-AS could result in certain
advantages:
Enables better management of the entire change process whereby
IFRS/ Ind-AS reporting can be embedded into the financial reporting
processes and systems (including IT systems, as required).
Enables better management of the expectations of all stakeholders
about impact on earnings and equity
Can be used as a trigger to streamline/ improve financial reporting
policies and processes and identify existing gaps in policies and
processes prior to mandatory adoption in India
Enables smoother transition to IFRS/ Ind-AS
Facilitates creation of a trained resource pool in timely manner within
financial reporting and business teams to deal with transition-related
challenges
Enhanced value of the trainee‟s CV
Better understanding of global accounting norms
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
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13
Who should attend?
This program should be of value to you if you are:
Graduate who is a part of Finance/ Accounting team
Student of CA/ CS/ ICWA/ CFA Final level
CFO & Finance Director
Analysts, Accountant
Investment Banker
Corporate Banker
Strategic Planner
Auditor
Private Equity & Merger & Acquisition specialist
Tax Director
Consultant
Practicing CA, CS, CWA, and professionals from Indian
companies with a global presence
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Module Coverage
Presentation of financial statements
Revenue recognition
Business combinations
Financial instruments
Consolidation
Overview/Roadmap and IFRS Framework
Income taxes
Property, plant and equipment, intangible assets
and investment property
Impairment and Provisions/contingencies
Employee benefits, Share based payment, Non-current
assets held for sale and discontinued operations
Leases, borrowing costs, operating segments, events
After the balance sheet date, change in accounting
policies and errors
The effect of change in Foreign exchange rates
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
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The purpose, status and scope of the Framework
The fundamental concepts and definitions upon which IFRSs are based
The history and objectives of IASB
IASB as an organisation
IFRSs around the world
IASB‟s work program
The concept paper of ICAI and current environment on transition to IFRS
IFRS‟s issued by the IASB including IFRS 1
IASs issued by the IASC or revisions thereof issued by the IASB
Interpretations issued by the IFRIC and approved by IASB
SIC interpretations approved by the IASB or the IASC
Overview/Roadmap and IFRS Framework
Topics covered in the module
Upon completion you should understand
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The required components of financial statements
How to apply overall financial statement concepts and assumptions
The structure of financial statements
Presentation of financial statements
Topics covered in the module
Upon completion you should understand
IAS 1 – Presentation of Financial Statements
Comparison with corresponding converged Ind-AS standard Ind-AS 1
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The types of income that exist and what the applicable standards and interpretations are (e.g., IAS 18,
IAS 11 or other)
When revenue should be recognised
How revenue is measured
The steps that should be followed for revenue recognition
When to separate components of a contract
The presentation and disclosure requirements
Revenue recognition
Topics covered in the module
Upon completion you should understand
IAS 18 – Revenue recognition
IAS 11 – Construction contracts
IFRIC 13 – Customer royalty program
Comparison with corresponding converged Ind-AS standards Ind-AS 11 & 18
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
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Business combination and identify transactions qualifying as business combination
How to identify the effective date, transactions that meet the definition of business and control
How to identify the acquirer in a business combination
How to determine the date of business combination/acquisition and the date on which the acquirer obtains
control of the acquiree
How to recognise all assets acquired, all liabilities, and any non- controlling interest in the acquiree at their
acquisition date fair values
How to determine the consideration transferred and goodwill or bargain purchase in a business combination
How to determine the amount of contingent consideration to be accounted as part of consideration transferred
The presentation and disclosure requirements related to business combinations and non-controlling interest
Business Combination
Topics covered in the module
Upon completion you should understand
IFRS 3 – Business Combinations
Comparison with corresponding converged Ind-AS standard Ind-AS 103
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The definition of financial instruments and different categories of financial instruments
The accounting for each of the categories of financial instruments
The definition of derivatives and an introduction to plain vanilla derivative products (options, swaps etc.)
and the overall accounting framework for derivatives
The concept of embedded derivatives (hybrid instruments)
The concept of „Hedging‟ by learning the three different types of hedging relationships and the key
accounting differences in those three different hedging relationships
The classification and disclosure of financial instruments
Financial instruments
Topics covered in the module
Upon completion you should understand
IAS 39 – Financial instruments: recognition and measurement
IAS 32 – Financial instruments: disclosure and presentation
IFRS 7 – Financial instruments: disclosure
Comparison with corresponding converged Ind-AS standards Ind-AS 32, 39 and 107
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
How to distinguish different kinds of entities (subsidiaries, associates and joint ventures)
How to account for them
The principles of consolidation, equity accounting and proportionate consolidation
The consolidation disclosure requirements
Consolidation
Topics covered in the module
Upon completion you should understand
IAS 27 – Consolidation and separate financial statements
IAS 28 – Investment in associates
IAS 31 – Interest in joint ventures
SIC 12 – Consolidation – Special purpose entities
Comparison with corresponding converged Ind-AS standards Ind-AS 27, 28 and 31
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
How to determine a company‟s functional currency
How foreign currency transactions and balances are translated into a company‟s functional currency
How foreign currency financial statements are translated for consolidation purposes
The presentation and disclosure requirements
The indicators of a hyperinflationary economy
The effect of change in foreign exchange rates
Topics covered in the module
Upon completion you should understand
IAS 21 – The effect of change in foreign exchange rates
Comparison with corresponding converged Ind-AS standard Ind-AS 21
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The concepts of current and deferred income taxes
How income taxes are accounted for by the asset / liability method
The concept of „temporary differences‟ and ascertain how these differences arise and how they need
to be accounted for
How to evaluate the appropriateness of recording valuation allowance against deferred tax assets
The presentation and disclosure requirements relating to current and deferred income taxes
Income taxes
Topics covered in the module
Upon completion you should understand
IAS 12 – Income taxes
Comparison with corresponding converged Ind-AS standard Ind-AS 12
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
How to identify and account for intangible assets
How to identify and account for investment properties
The revaluation and cost models of accounting for property, plant and equipment (PPE), intangible
assets and investment property
How to account for changes in depreciation methods / useful life / residual value
The differences between repairs and maintenance, replacements and major inspections
How to account for changes in existing decommissioning, restoration and similar liabilities
The presentation and disclosure requirements
Property, plant and equipment, Intangible assets and Investment property
Topics covered in the module
Upon completion you should understand
IAS 16 – Property plant and equipment
IAS 38 – Intangible assets
IAS 40 – Investment property
Comparison with corresponding converged Ind-AS standards Ind-AS 16, 38 and 40
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The procedures that an entity applies to help determine that its assets are carried at no more than their
recoverable amount
The practical difficulties in applying this standard
The definition of a provision, contingent liability and contingent asset
The recognition and measurement criteria for provisions, contingent liabilities and contingent assets
The application of IAS 37 to specific circumstances
The presentation disclosure requirements
About the current developments – IASB & IFRIC – regarding IAS 37
Impairment and Provisions & contingencies
Topics covered in the module
Upon completion you should understand
IAS 36 – Impairment
IAS 37 – Provision, contingent liabilities and contingent assets
Comparison with corresponding converged Ind-AS standards Ind-AS 36 and 37
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The key application issues on employee benefits
The key application issues on share based payments
The key application issues on non current assets held for sale
The key application issues on discontinued operations
The key differences on the above topics with reference to Indian GAAP
Employee benefits, Share based payment, Non-current assets held for sale and discontinued operations
Topics covered in the module
Upon completion you should understand
IAS 19 – Employee benefits
IFRS 2 – Share based payment
IFRS 5 – Non-current assets held for sale and discontinued operations
Comparison with corresponding converged Ind-AS standards Ind-AS 19, 102 and 105
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
The key application issues on leasing including right to use
The key application issues on borrowing costs
The key application issues on operating segments
The key application issues on event occurring after the balance sheet date
The key application issues on change in accounting policies and errors
The key differences on the above topics with reference to Indian GAAP
Leases, borrowing costs, operating segments, events after the balance sheet date, change in accounting policies and errors
Topics covered in the module
Upon completion you should understand
IAS 17 and IFRIC 4 – Leases and Determining whether an arrangement contains a lease
IAS 23 – Borrowing costs
IFRS 8 – Operating Segments
IAS 8 – Accounting policies, change in accounting estimates and errors
IAS 10 – Events after the reporting period
Comparison with corresponding converged Ind-AS standards Ind-AS 17, 23, 108, 8 and 10
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
How and when to start IFRS conversion
The different steps involved in IFRS conversion
The role of different stakeholders in the IFRS conversion
How to assess the impact of IFRS conversion on company existing financial reporting and practices
IFRS 1 – First time adoption of IFRS
Approach to IFRS Conversion
Topics covered in the module
Upon completion you should understand
IFRS 1 – First time adoption of IFRS
Comparison with corresponding converged Ind-AS standard Ind-AS 101
KPMG approach to IFRS conversion
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Course & Reference Material
Name of the book
Transitions to Ind AS- Practical Insights
Reporting Standards Edition 2011/12 - MRP: €155
Reference book – Presentation of Financial Statements,
Consolidation, Business Combination, Common Control
Transactions, Foreign Currency Translation
KPMG Publications - Common
IFRS: An Overview
Disclosure Checklist
Illustrative Financial Statements - The purpose of this publication is to
assist you in preparing financial statements in accordance with
International Financial Reporting Standards (IFRSs).
IFRS Developing Roadmap to Convergence
To know more call Us At 1800-266-0304 (Or)Write to [email protected].
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
29
Industry Specific Reference Material
Industry Reference Material
Mining Mining Executive Summary
Airline Accounting for Leases of Aircraft Fleet Assets in the Global Airline Industry
Components of Aircraft Acquisition Cost Associated Depreciation and Impairment Testing in
the Global Air
Consumer
Goods The Application of IFRS on Consumer Good Sector
Pharma IFRS - KPMG's Pharmaceutical and Life Sciences IFRS Conversion Guide
IFRS and Pharmaceuticals Companies
Telecom IFRS Accounting in the Telecoms Industry
Banks IFRS Convergence for the Indian banking sector
IFRS-Illustrative-financial-statements
Media IFRS Practical Issues Accounting Strategies for the Media and Publishing Industries
Technology The Application of IFRS for Technology Companies
Oil & Gas IFRS-application on oil-gas
Power IFRS-application-power-utilities
Infrastructure Impact of IFRS on Infrastructure companies
Retail Impact of IFRS on Retail Sector
To know more call Us At 1800-266-0304 (Or) Write to [email protected].
30
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Sample Certificate
To know more call Us At 1800-266-0304 (Or) Write to [email protected]
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
32
Other Programs Available
Certificate Program on Tax Regulations
Advanced Certificate Program on Tax
Regulations
Diploma Program on Tax Regulations
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Ram Iyer – Program Director
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Name Ram Iyer
Position Director, Accounting Advisory Services, KPMG in India
Qualifications Chartered Accountant
Experience
Ram is a chartered accountant and CPA. He is a Director in KPMG's Accounting Advisory
Services practice. Ram is experienced in the fields of audits and accounting including
Indian GAAP, US GAAP, IFRS and training.
He has served several prominent Indian corporates, including financial institutions, with
US GAAP and IFRS conversion. Ram also has significant training experience.
Ram has designed and presented U.S. GAAP, IFRS and Indian GAAP training to several
corporates, both multinational and Indian. He has also presented sessions at various
institutions and professional bodies.
Ram has led the global KPMG US GAAP internal training program development including
mapping IFRS differences. As part of this project, Ram has trained KPMG colleagues in
Western and Eastern Europe and Latin America. In addition, Ram has written articles on
international accounting in leading journals.
35
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Sandip Khetan – Program Advisor
Name Sandip Khetan
Position Director, Accounting Advisory Services
Qualifications Member of the Institute of Chartered Accountants of India (14th Rank Holder all
India)
Experience
Sandip Khetan is a director in the Accounting Advisory Services of KPMG and is based
out of Delhi. He has more than 10 year of auditing and accounting experience. Sandip is
a member of the Institute of Chartered Accountants of India as well as an alumnus of IIM
Ahmedabad
Sandip has extensive audit experience spanning across a sector of industries including
IT/ITES, Media, Auto and Telecom dealing with US GAAP/GAAS and IFRS. He has
worked with both large Indian business houses and multinationals. He is the
engagement manager on a largest BPO company in India which is only domestic SEC
registrant from India. Sandip has gained significant experience of US GAAP and US
Capital market while managing the US IPO process of a large global company as based
out of India.
Sandip is an active participant in training initiatives and have conducted many training
session on US GAAP/ IFRS for clients and for different member firms (Dubai, Moscow,
Egypt) in the past.
36
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Trainer Pool (1/3)
Chandrasekhar B
Senior Manager
Chandrashekhar is an Associate Director in Accounting
Advisory Services („AAS‟). He specializes in providing audit
and accounting advisory services on IFRS conversion to
leading Indian and global companies. He is an active member
on the project for development of training material.
Vivek Sahni Manager
Vivek is a Manager in Accounting Advisory Services („AAS‟).
He has prior experience in Indian GAAP, IFRS and US GAAP.
He has been actively engaged in IFRS audit and advisory
engagements for listed entities in India and the United
Kingdom
37
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Trainer Pool (2/3)
Surendra R
Manager
Surendra is a Manager in Accounting Advisory Services
(„AAS‟). Surendra has worked on various IFRS convergence
projects and is also actively involved in several IFRS training
programs. He also has significant work experience in the field
of audit in Indian GAAP, US GAAP and UK GAAP and has
also assisted in preparing financials of various companies for
IPO.
Surinder Jain Manager
Surinder is a Manager in Accounting Advisory Services
(„AAS‟). He has more than 6 years experience including a
significant experience in the field of IFRS and US GAAP. He
has been involved in IFRS trainings and several large and
medium size IFRS conversion projects.
38
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Trainer Pool (3/3)
Manish Rathi Manager
Manish is a Manager in Accounting Advisory Services („AAS‟).
He has prior experience in Indian GAAP, IFRS and US GAAP
and has been actively engaged in IFRS advisory
engagements for listed and unlisted entities in India. He has
also been a trainer at several IFRS training programmes for
various clients.
40
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Overview of KPMG in India
Youngest and the fastest growing Big
4 in India.
KPMG was established in India in September 1993 and today operates from nine offices across the country
The combined revenue of member firms of KPMG
International for the fiscal year ending September 30, 2009 was USD 20.11 billion
KPMG member firms combine 140,000 people across 144 countries led by 7953 Partners
Training is a focus area in KPMG and it is mandatory for all professionals to complete prescribed minimum training
hours
KPMG India has been providing US GAAP trainings to a number of KPMG Offices across
Europe and Asia. Over 15 trainings conducted in 2008
We also rotate staff to our overseas offices to enhance their knowledge and
utilize their experience in providing value
added services to clients in India
Provide services to over 5000 clients spanning multinationals and local public and private sector companies
KPMG was established in India in September 1993 and today operates from nine
offices across the country
MUMBAI
BANGALORE
CHENNAI
PUNE
KOLKATA
HYDERABAD
KOCHI
NEW DELHI
CHANDIGARH
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
41
KPMG in India Accounting Advisory Services – A profile
Profile
Qualifications: CA, CPA,
Graduates
Special skills
Professionals with industry
experience in all sectors
and experience on
accounting advisory,
training, audit, due diligence
and securities offering
assignments in India and
abroad.
People Solutions Practice highlights
Global Conversion Services
IPO Reporting Advisory
Post Deal Accounting Advisory
Accounting Advisory (Including
Loan Staff)
Fully accredited AAS practice
Fully aligned with global initiatives
Engaged with more than 100 IFRS projects
across sectors completed and ongoing
Multi-service line IFRS resource pool in
place (More than 130 IFRS resources)
Integrated IFRS Conversion Services
practice with professionals with experience
in accounting, processes and IT advisory
Leaders in providing training services under
IFRS and US GAAP
Successfully completed the largest
accounting restatement project in India
Leaders in assisting clients in implementing
new and complex accounting standards (for
example, AS-30)
Accounting advisory retainer arrangements
with several clients
Carve outs
Training Solutions
Restatement
Book keeping services
Due Diligence Support
43
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
NIIT Imperia – Technology Edge
26 Classrooms in 21 cities across India
Direct one-to-one interaction is fostered through individual
ICT systems for each student:
– High-performance PCs
– Webcam
– Audio system and microphone at each workstation,
connected directly to faculty at institutes
Classroom interactions & ambience are facilitated by
clusters of student-stations and camera & projection
systems that can span the full classroom.
6 Synchronous Learning Centers created within corporate
premises
Learning Management System (LMS):
– supplementary e-learning
– program-specific notices
– online submission of assignments
– reminder services
– online testing
– student records CLASSROOM
VIEW
STUDIO VIEW
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© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Synchronous Learning
REPLICATION OF LIVE CLASSROOM
Full features of face-to-face teaching
Raised-hand-seeking-teacher's-attention
Link- Virtual Tour of Synchronous Learning
Tabulation of responses
Quizzes randomly created by the teacher
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© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
“"The program has helped me in getting a detailed knowledge about the application of IFRS
Standards its application and treatment of accounting records."
- Ajay Mukherjee, Divisional Controller F&A, Tata Steel Processing & Distribution Ltd.
What our earlier batch participants had to say about the program?
"The content is adequate and very informative. The faculty is experienced and teachers give lot of
practical examples, thereby the program is not monotonous."
- Anil Lamba, Head ,Finance & Accounting, Max Bupa Health Insurance Company Limited
"Well organized, effective learning, all the speakers were good, Specially Mr. Iyer, Mr. Khetan &
Mr. Kankani were very good."
- Ms. Yogini Medadkar, Manager ,Finance & Accounts, Soham Surface Coatings Pvt. Ltd.
"A well-structured program to give a holistic view of the IFRS on a macro level and some
relevant aspects of the workings of IFRS in the Indian context."
- Apurv Relan, Partner, Apurv Relan & Co., Chartered Accountant
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© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
How to apply
Application for the Batch will commence from July, 2011.
Limited Seats Availability
Application Period
Application forms can be obtained from
www.niitimperia.com or at local NIIT Imperia Centers
Application Forms
1 Passport size photo affixed [Latest photo with light
backdrop]
Documents Required for Application
Information Session
To attend information session about the program
Register Here
48
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Important Points
•All fees are non-refundable; however if the program is delayed for
more than 3 weeks, the candidate is eligible to apply for a refund.
•The class dates shared above are tentative and are subject to
selection of threshold number of candidates.
•NIIT Imperia controls the extension or foreclosure of the applications
for the program subject to seat availability in our centres
49
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.
Call Us At 1800-266-0304
(Or)
Write to [email protected]
Contact us
For further information
Thank You
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a
Swiss entity. All rights reserved.
The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International Cooperative ("KPMG International").