INDAS


‘IND AS’ TRAINING

(Inter-active Training to make Ind AS Simplified)

 

Indian Accounting Standards (Ind AS) is implemented to the companies covered under Phase I and Phase II as per roadmap issued by Ministry of Corporate Affairs (MCA). Even after implementation of Ind AS, there are continuous changes in Ind AS to align with IFRS. Ind AS 116 Leases has been made effective from 1st April 2019. To provide practical understanding of Ind AS and abreast with latest developments including Ind AS 116 leases, in simplified and easy manner, the training workshop is organized. This will also cover impact of Covid-19 on Financial Statements

Program Objectives:

  • Format of Financials under Ind AS with Review of published Ind AS financials
  • Understanding accounting of Financial Instruments in simple manner
  • Key issue of differences between AS and Ind AS
  • Implication of New Lease Accounting Standard Ind AS 116
  • Revenue Recognition Accounting Standard Ind AS 115
  • Understanding Impact of Covid-19 in Financials

For Whom:

  • Accountant, Finance Head
  • Chief Financial Officer/ Chief Executive Officers
  • Chartered Accountants

Course Structure

Day 1 (3 Hours)

§  Ind AS / IFRS : Principles and How to understand Financials

§  Property, Plant & Equipment, Intangible Assets, Investment Property

§  Revenue Recognition, Income Taxes

§  Ind AS 116 Leases : Overview and Implementation Challenges

Day 2 (3 Hours)

  • Business Combination and Consolidation
  • Other Major Differences between AS & Ind AS
  • Financial Instruments
  • Impact of Covid-19 on Ind AS financials

Learning Methodology

  • Explaining Key principles with case studies and practical examples
  • Simple way of understanding Complex topics
  • Special Question & Answer sessions at the end of each topic
  • Sharing of Useful materials published by ICAI and other bodies