IFRS Course by ICAI | Eligibility Fee Duration Batches |

IFRS Course by ICAI is gaining prominence in India. The Institute of Chartered Accountants of India is offering an IFRS Certification Course to its Members. In our earlier article, we provided IFRS Video Lectures for Download. In this post, all important issues on ICAI IFRS course like Eligibility, Fee for ICAI IFRS Course, Duration of the Course, Exam Date and IFRS Batches etc are explained in detail. ICAI IFRS Course batches are available across India in cities like Delhi, Mumbai, Hyderabad etc.

IFRS Course by ICAI Eligibility Fee Duration Batches

Duration & Timings : IFRS Course by ICAI

The IFRS classes will be held only on Saturdays and Sundays. The duration of the ICAI IFRS course batch is 12 days. The class timings are 9.30 AM to 5.30 PM. First Session starts at 9:30 AM. Second Session starts at 2:00 PM.

Mode of Payment of Fee : IFRS Course by ICAI

Members born before 1st January 1986 can pay the IFRS Course Fee through online or through Demand Draft. Members born after 1st January 1986 need to pay the fee through Demand Draft Only.

Fee : IFRS Course by ICAI

Members born before 1st January 1986 Rs.30,000
Members born after 1st January 1986 Rs.24,000

Topics Covered : IFRS Course by ICAI

  • IFRS Introduction
  • Dissemination of knowledge on IFRS
  • IFRS Vs Indian Accounting Standards
  • Issues in relation to IFRS
  • Conversion of Financial Statements prepared on the basis of Indian GAAP to IFRS based financial statements.

ICAI IFRS Course Batches India

City Date
Pune Jan 21, 2017
Mumbai Not Announced
Hyderabad Not Announced
New Delhi Not Announced
Chennai Not Announced
Chandigarh Not Announced
Kolkata Not Announced
Coimbatore Not Announced
Bangalore Not Announced
Kolhapur Not Announced
Bhubaneswar Not Announced
Jaipur Not Announced

Syllabus and Daily schedule

Day 1 : IFRS Course by ICAI

  • Overview of Ind AS and road map
  • Ind AS 1 : Presentation of Financial Statements
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studiesInd AS 7, Statement of Cash Flows
  • Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors
  • Ind AS 10, Events after the Reporting Period
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 2 : IFRS Course by ICAI

  • Ind AS 2, Inventories
  • Ind AS 16, Property, Plant and Equipment
  • Ind AS 40, Investment Property
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Ind AS 38, Intangible Assets
  • Ind AS 41, Agriculture
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 3 : IFRS Course by ICAI

  • Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations
  • Ind AS 36, Impairment Assets
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Ind AS 23, Borrowing Costs
  • Ind AS 17, Leases
  • Appendix C to Ind AS 17, corresponding to IFRIC 4, Determining whether an Arrangement contains a Lease
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 4 : IFRS Course by ICAI

  • Ind AS 21 : The Effects of Changes in Foreign Exchange Rates
  • Ind AS 12: Income Taxes
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Ind AS 33: Earnings Per Share
  • Ind AS 24: Related party Disclosures
  • Ind AS 108: Operating Segments
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 5 : IFRS Course by ICAI

  • Ind AS 110, Consolidated Financial Statements
  • Ind AS 112, Disclosure of Interests in Other Entities (related to Subsidiaries)  Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Ind AS 111, Joint Arrangements
  • Ind AS 112, Disclosure of Interests in Other Entities (related to Joint Arrangements)
  • Ind AS 27, Separate Financial Statements
  • Ind AS 28, Investments in Associates and Joint Ventures
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 6 : IFRS Course by ICAI

  • Ind AS 103, Business Combinations
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Ind AS 19, Employee Benefits
  • Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 7 : IFRS Course by ICAI

  • Ind AS 113, Fair Value Measurement
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Definitions related to Financial Instruments
  • Ind AS 32, Financial Instruments: Presentation
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 8 : IFRS Course by ICAI

  • Ind AS 109, Financial Instruments
  • Ind AS 107, Financial Instruments: Disclosures
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies

Day 9 : IFRS Course by ICAI

  • Ind AS 11, Construction Contracts and Ind AS 18, Revenue
  • Comparison with corresponding IAS/IFRS and existing AS

Day 10 : IFRS Course by ICAI

  • Ind AS 102, Share-based Payment
  • Comparison with corresponding IAS/IFRS and existing AS
  • Examples and Case studies
  • Ind AS 104, Insurance Contracts
  • Ind AS 106, Exploration for and Evaluation of Mineral Resources
  • Ind AS 114, Regulatory Deferral Accounts
  • Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance  Ind AS 29, Financial Reporting in Hyper inflationary Economies
  • Ind AS 34, Interim Financial Reporting
  • Comparison with corresponding IAS/IFRS and existing AS

Day 11 : IFRS Course by ICAI

Remaining Ind AS to be covered briefly not covered in earlier sessions

  • Moving from Indian-GAAP to Ind AS
  • Ind AS 101, First-time Adoption of Indian Accounting Standards
  • Comparison with corresponding IAS/IFRS
  • Examples and Case studies
  • Ind AS based Schedule III
  • Examples & Case Studies

Day 12 : IFRS Course by ICAI

  • Integrated case studies
  • Approach towards Ind AS-convergence: Evaluation; Project Setup for Implementation; System Implementation; Identification of various elements under Ind AS; determination of accounting policies; manpower training requirements, etc.

Conclusion : IFRS Course by ICAI

The IFRS Certification course being offered by ICAI is very much recommended for Finance Professionals. Members with this IFRS Certificate are being offered higher salaries. Moreover, as IFRS is an international course, there are many global job opportunities.

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