35+ Hours Master-Class Series on “ABC of Ind-AS” for Professionals - Course

Course Duration:
35+ hours

Course Background:
Do you think of accountants as serious suit-wearing, pen-wielding number-crunchers? A bit dull and grey maybe? Think again! Did you know that the inventor of bubblegum (back in 1928) was an accountant named “Walter Diemar”? Did you know that accountants play an important role in the Oscars?! Yes you read right - every year, since 1935, a team of accountants have spent an average of 1700 hours prior to Oscars night counting the Academy Award ballots by hand! Last but not the least – the FBI employs over 2,000 accounting specialists to help solve crime cases, not to mention, it was accountants who brought down Chicago crime boss Al Capone (though believed to be guilty of everything from bootlegging to murder, he was ultimately arrested and convicted of tax evasion).

What shall the course cover?
Against this eclectic background, Taxsutra Greentick (India’s First Accounting Platform) is delighted to present to you a riveting course for professionals on “Dissecting the Nitty-Gritties of Ind-AS”. The Key-Note Address for this Master-Class Series has been delivered by none other than Veteran Auditor & Ind-AS Expert Mr. Dolphy D’Souza. The thematic modules has been delivered by a team of over 10+ Ind-AS Experts across the country, in a combination of live and pre-recorded format. The sessions are structured in a manner to help industry & practicing professionals gain in-depth knowledge on the aforesaid subject, increase their awareness and develop intricate understanding of Ind-AS.  

Key Highlights of Few Craftily Curated Episodes are:

1. Revenue from Contract with Customers (Ind AS 115) - Application of 5-step model : Series of distinct goods  and services, Variable consideration and Constraining, Significant financing component, Non-cash consideration, Volume discount, Customer loyalty programme and breakage, Bill-and-hold arrangements, Performance obligations satisfied  at point in time and over time, Contract cost and cost to fulfil a contract, Contract Service Concession Arrangement Modifications, Warranties, Principal versus agent considerations, Negative revenue
2. Business Combinations (Ind AS 103) - Definition of a Business, Identifying the acquirer, Transitory control, Determining  the acquisition date, Recognizing and measuring the identifiable assets acquired and liabilities assumed, Measuring consideration and contingent consideration, Goodwill or a gain from a bargain purchase, Measurement  period  adjustments, Reverse acquisitions, Business combinations of entities under common control
3. Financial Liability and Equity (Ind AS 32) -   Equity and financial liability :Key principles, Examples on Equity vs. Financial Liability, Conversion, early repurchase and modification, Settlement of Financial Liability with Equity Instrument, Transaction costs, Treasury Shares, Offsetting a Financial Asset and a  Financial Liability, FCCBs and Compound financial instruments, Puttable instruments
4. Share Based Payments (Ind AS 102) - Equity and cash settled share-based payments, Determination of grant date, Vesting  and non-vesting conditions, Vesting period, Graded vesting, Modifications, cancellations and settlements, Group  share-based payment arrangements and management recharge, Valuation models
5. Income Taxes (Ind AS 12)  - Deferred tax for compound financial instruments, Deferred tax on Business combination , Impact of recent tax amendment on goodwill, Deferred tax in common  control business combination transactions

Click here to view the brochure entailing the detailed agenda w.r.t topics coverage, speakers, timings, duration & dates.