Gateway to ACCA- DIP IFRS -...
Transcript of Gateway to ACCA- DIP IFRS -...
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).
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Index
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• About Proschool certification and examination
• Key features
• Study modes
• FAQs
• About IMS Proschool
• Partnerships
• Corporate clients
• 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
To know more about IFRS visit http://www.proschoolonline.com/ifrs-certificate-course
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.
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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
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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.
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Benefits of Studying IFRS
Various IFRS profiles are being offered in several sectors of the industry that include:
ITES,
software,
pharmaceutical,
auto spare part,
professional advisory companies,
auditing firms,
banking industry,
Insurance industry,
KPOs, etc.
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Benefits of Studying IFRS
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• 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
Why NSE India certification
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• 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
Who should pursue this certification
Candidates pursuing graduation, post- graduation 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.
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On Completing the certification
Get an additional certification of Ind- AS and 10-15 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.
On completion of this certificate program,
candidates should be able to:
financi
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statements (excluding group
cash-flow statements)
including subsidiaries,
associates and
Syllabus at glance Topic Detail
The nature and operations of the IASB
Structure of the IFRSF/IASB Extant standards of the IASB The framework
The status and use of IFRSs around the world
The use of IFRS around the world The IASB roadmap The annual IASB bound volume and its use
Presentation and profit IAS 1, Presentation of financial statements; IFRS 15, Revenue from contracts with customers; IAS 8, Accounting policies, changes in accounting estimates and errors.
Accounting for assets and liabilities - part 1
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
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Syllabus at glance Topic Detail
Accounting for assets and liabilities - part 2
IFRS 13, Fair Value Measurement; IFRS 32, Financial instruments – presentation; IFRS 9, Financial instruments; IFRS 7, Financial instruments: disclosures; IFRS 2, Share- based 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
Group accounting 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
Disclosure standards 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
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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 form
the exam on the
Proschool website with NCFM ID. If you don’t have an NCFM ID, you can visit www.nseindia.com
6. Take the exam at NSE India or NSEIT
Centres
7. Clear the NSE India Certification on IFRS and get
certification
8. Get an additional 10-15 hrs.
Classroom training (LVC) for Dip IFRS/
Ind As
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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
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Study modes - Features C
lass
roo
m T
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• 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 10-15 hrs tutorials on Dip IFRS and Ind-AS through Live Virtual Classroom after the completion of IFRS Certification.
Live
Vir
tual
C
lass
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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
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About IMS Proschool
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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.
Service Brands across India (AC- Ranked #4 Trusted Brand in Education and 44th amongst Most Trusted Nielsen & Brand Equity Study)
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 20000 professionals from well known organizations like State Bank of India, Bank of India, UTI, Kotak Group, ICICI Group, Sundaram BNP Paribas, Citibank etc.,
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.
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Corporate Clients
Trained & Certified employees of following Organizations
State Owned Banks
Foreign Banks
Security Houses
Mutual Fund Companies
Insurance Companies
IT/ITES
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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
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Other Programs
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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 : http://www.proschoolonline.com/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: http://www.proschoolonline.com/acca-course
City Contact no
Bangalore 080-42024234, 9900799981
Chennai 044-43015724, 9884909158
Hyderabad 040-66339989, 9701233472
Mumbai (Andheri) 9892004504, 9619207323
Navi Mumbai 9967203387
New Delhi 011- 40516955, 9871878870
Pune 9763416050, 8454988892
Thane 7710012857, 02225301030
Kochi 96456 29999,0484-4300900
Gurgaon 9971414355
Other cities 7710002587, 9769162050.
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To know more about IFRS visit http://www.proschoolonline.com/ifrs-certificate-course