CA Final - Financial Reporting - COMPLETE COURSE [2023]
The complete course on every IND AS standard most used in the industry for professionals and CA students preparing for Finals.
Why do a one-size fits all types of a course when you can access customized courses designed keeping you in mind. Experience the power of blended learning for your learning requirement.
Recorded Lectures
Watch professionally recorded video recordings
Live Sessions
Engage with the instructors through live sessions - Q&A sessions, Mock test discussions, etc
Workshops
At the end of the course, meet with your teacher and other students in week long workshops, clear doubts, network and find solutions.
Learning Objectives
- A Comprehensive online course on IND AS in Hindi designed for CA students, professionals and finance & accounting professionals. The course covers the following concepts and standards:
- you will be able to understand -
- IND AS 1 - Presentation of Financial Statements
- IND AS 7 - Cashflow Statements
- IND AS 34 - Interim Financial Reports
- IND AS 8 - Changes, Estimates and Errors
- IND AS 10 - Events After Reporting
- Classification of Assets (within financial statements)
- IND AS 16 - Property, Plants and Equipments
- IND AS 2 - Inventory
- IND AS 105 - Non-current Assets foe Sale
- IND AS 40 - Investment Properties
- IND AS 38 - Intangible Assets
- IND AS 41 - Agriculture Activity
- IND AS 36 - Impairment of Assets
- IND AS 23 - Borrowing Costs
- IND AS 20 - Government Grants
- IND AS 115 - Revenue from Contracts with Customers (Similar to IFRS 15 & ASC 606 - Five steps model of revenue recognition
- IND AS 116 - Leases (Similar to IFRS 16, ASC 842)
- IND AS 12 - Income Taxes
- IND AS 21 - Effects of changes in Foreign Exchange Rates
- IND AS 19 - Employee Benefits
- IND AS 102 Share based Payments
- IND AS 33 - Earnings per share
- IND AS 108 - Operating Segments
- IND AS 24 - Related Parties
- IND AS 109 - Financial Instruments
- Consolidation of Financial Assets - IND AS 28, IND AS 103, IND AS 110, IND AS 111
- Lastly, IND AS 101 - First time adoption of IND AS, and
- IND AS 113 - Fair Value Measurement
IND AS 1
Presentation of Financial Statements
IND AS 115
Revenue from Contracts with Customers
IND AS 109
Financial Instruments
IND AS 103
Business Combinations
IND AS 16
Property, Plants and Equipments
IND AS 24
Related Party
IND AS 105
Non-Current Assets Held for Sale
IND AS 2
Inventory
Course Description
The course begins with Introduction of INS AS and how it is international or global in nature converging from International Accounting Standards (IAS) which were initially issued by International Accounting Standards Committee (IASC) and later the work was taken over by International Accounting Standards Board (IASB) who issued new accounting standards with the name of International Financial Reporting Standards (IFRS) issuing the first standard IFRS 1 - First time Adoption of IFRS.
Understanding the difference in convergence and adoption.
We will understand the Framework guiding the development of accounting standards.
Understand the presentation of financial statements (Ind AS 1) along with presentation of statement of cash flows (Ind AS 7) and how to publish interim reports (Ind AS 34)
Selection and application of accounting policies with changes in estimates or correction of errors (Ind AS 8) along with classifying events after the reporting period as adjusting or non adjusting events (Ind AS 10).
Once we learn the origin and presentation requirements, we move on to understand the classification of assets.
How to decide recording of an asset and which standard is applicable for recording particular types of transactions on the basis of consumption into business (Ind AS 16 Property, plant & equipment), held for sale in ordinary course of business (Ind AS 2 Inventories), non current assets held for sale (Ind AS 105 Non Current Assets Held for Sale), land & building classified as investment properties (Ind AS 40 Investment properties).
Dealing with intangible assets & understanding finite & indefinite lives along with criteria of research and development expenditure (Ind AS 38 Intangible assets). How to deal with trees, plants & animals being managed as part of commercial activity (Ind AS 41 Agriculture). We will also cover the standards applicable in special cases like Ind AS 36 Impairment of assets, Ind AS 23 Borrowing costs & Ind AS 20 Government Grants.
As we progress we will learn recognition of new revenue accounting model Ind AS 115 Revenue from Contracts with Customers which is similar to IFRS 15 & ASC 606 five step model of revenue recognition.
The new lease accounting standard IFRS 16-ASC 842 Leases issued globally on 1 January 2019 and applicable in India from 1 April 2019 in the form of Ind AS 116 Leases is covered in great detail with understanding of identification of asset, recognition of rights of use assets and lease liabilities. The course also covers modification of leases and sales and lease back transactions.
Thereafter we will cover the complex accounting standards Ind AS 12 Income taxes, Ind AS 21 The effects of changes in foreign exchange rates, Ind AS 19 Employee Benefits & Ind AS 102 Share based payments, Ind AS 37 Provisions along with the disclosure standards Ind AS 33 Earnings per share, Ind AS 108 Operating segments, Ind AS 24 Related parties.
Financial instruments - We will learn the classification of financial assets, financial liabilities, hedge accounting, expected credit loss model (ECL) through Ind AS 109 Financial Instruments and distinguishing liability from equity through Ind AS 32 Presentation of financial instruments.
Consolidation -We will cover the core of understanding and preparation of financial statements – the accounting standards based on preparation of Consolidated financial statements.
The knowledge modules on consolidation will cover the calculation of goodwill & valuation of Non Controlling interest (NCI) of Ind AS 103 Business Combinations. The equity accounting of associate and joint ventures provided by Ind AS 28 Investment in associates and procedures of consolidation through Ind AS 110 Consolidation Financial statements. The key take away will be to learn the system of consolidation with five workings to make it easy and understandable.
In the end we will learn Ind AS 101 First time adoption of Ind AS and Ind AS 113 Fair value measurement to be able to relate to all the knowledge we have gained in learning the accounting standards and build the relationship with the content in great detail and depth.
This will share insights of the industry on first time adoption and busting the myth of fair value applicable to everything on application of Ind AS.
Features of the course
More than 60 hours of videos.
Download PDFs, charts and images
Check your knowledge of subject matter and topics through the progression of the course and get rated on your knowledge.
Book live classes and workshops on your course with the instructor for one-to-one guidance and coaching.
About the Trainer
A class of its own
Amit Dharnia is a member of ACCA (UK) and runs Viviana School of Accountancy, He is a highly sought-after ACCA trainer in India and abroad for his rare incisive and clear interpretation of Indian and global accounting standards . Prior to starting his own educational adventure he has worked as Director, Accounting Advisory Services at BDO, India and has over 10 years of advisory & corporate training experience in various industries.
Before BDO, he worked with KPMG, Axis Risk Consulting, TMF Group & Piron Corporation. HIs book "Ind As Concepts in a Day" is quite popular among the CA students in India. During Covid, he has delivered 100s of sessions to finance and accounting professionals from various countries including India, UAE, Saudi Arabia, Nepal, Singapore, New Zealand, Nigeria, Oman, etc.
Courses Included
400 + Videos
Live Sessions
Workshops on Request
What All India Rank holders and others say about the instructor
"One of the best trainer for IFRS and awesome explanation for every standard in depth with example. Very helpful and easily approachable. Thanks a lot."
CA Yash Arora
Associate at BNP Paribas
"I had taken your lectures for Dip.IFRS(UK) and found the lectures covering every standard in depth with clear explanations and examples. This helped my journey of learning easy."
Neha Hir
CA, CPA(USA)
"I studied from Amit Sir's lectures for Dip.IFR. His teaching style and years of experience makes each topic easy to comprehend. Logical reasoning and linking of each standard makes it easy to remember the concepts as well."
Rama Goyal
Chartered Accountant
"... I think apart from being an academic guide Amit is also a guide for your professional and other personal matters where he brings in insights from his wide experience both as a professional and an entrepreneur ..."
Tejbir Singh
Vice President, Investment Risk and Banking at Max Life Insurance
"An amazing professional, moreover a great mentor for me. Despite the fact that I had to start my studies from zero he was the one who motivated me to appear for the same and pushed me to achieve the goal. I referred the revision lectures shared by him which was very crisp and to the point. With God's grace and his guidance I cleared by SBR exam in my first attempt. Very HIGHLY recommended professor..."
CA Vishal Gala
CA, Pursuing ACCA
" Amit sir you are the best/ always available for student resolve their queries. no concept is tough if taught by you. thanks sir.
CA Arti Jha
Deputy Manager Finanace, adda.com, Ex-NDTV