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Ind AS

  • Course level: Beginner
  • Categories Ind AS
  • Total Enrolled 0
  • Last Update October 11, 2021

Description

COURSE OBJECTIVES:
The objectives of this course are:
COB1: To make the students illustrate and explain the use of IFRS and Ind AS and
various concepts pertaining to it.
COB2: To make the students explain the conceptual framework (based on IFRS and Ind
AS) and its application for different transactions in corporate entities.
COB3: To make the students identify the principles of recognizing the revenue of the
business.
COB4: To make the students develop skills for the preparation and presentation of the
Financial Statements.
COB5: To make the students competent to evaluate and analyze the Financial Statement
of the business entity.

MODULE I USE OF IFRS & IND AS
Understand the application of IFRS in India through the use of Ind AS – the applicability of
Ind AS – the mapping of Ind AS to IFRS – differences between IFRS & Ind AS – the list of
IFRS (Ind AS) – Process of transition to IFRS for the first time.
MODULE II APPLICATION OF IFRS (IND AS) FOR TRANSACTIONS
Asset based standards such as PPE, Intangible assets, borrowing costs, impairment of
assets, inventory & biological assets, provisions & contingencies, events after reporting
period, accounting policies, estimates & errors.
MODULE III REVENUE RECOGNITION
Understand the principles of recognizing revenue of the business – revenue recognition for
goods services, interest and dividends – concept of deferred income and accounting
thereof.
MODULE IV PREPARATION & PRESENTATION OF FINANCIAL STATEMENTS
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Thorough knowledge of preparation & presentation of financial statements by incorporating
the effects of the accounting standards (covered in module 2 & 3 only) – statement of profit
or loss and other comprehensive income – statement of financial position (Balance sheet)
MODULE V ANALYSIS OF FINANCIAL STATEMENTS

Analyse the financial performance of an entity using the financial statements – use of ratios
in performance evaluation – trend analysis – comparison with competition or industry
average

What Will I Learn?

  • OUTCOMES:
  • On Successful completion of this course, the learners will be able to;
  • CO1: Explain the use of IFRS & Ind AS and various accounting concepts.
  • CO2: Apply the IFRS and Ind AS for various transactions in corporate entities.
  • CO3: Identify and Understand the principles of recognizing revenue of the business.
  • CO4: Prepare and present financial statements by incorporating the effects of the
  • accounting standards.
  • CO5: Proficiently apply various tools and techniques for the analysis & interpretation of
  • financial statements

Topics for this course

1 Lessons

Roadmap of Ind AS?

Roadmap of Ind AS as per the Ministry of Corporate Affairs

About the instructor

afzalur

Professor and Head, Department of Commerce

Dr Afzalur Rahman, Professor and Head, Department of Commerce, has more than 10 years of experience in teaching and industry.
4.00 (1 ratings)

4 Courses

7 students

Free

Material Includes

  • PPT of Every Chapter

Requirements

  • Basic Knowledge of Fundamentals of Accounting

Target Audience

  • Graduate Students of Commerce, Management, professional course like CA and ACCA