Noida, UP India (PressExposure) June 18, 2011 -- Rhapsody, incorporated in 2009, is an accounting KPO (Knowledge Process Outsourcing) largely focusing on IFRSpractice and other areas. The broad level services currently offered are IFRS Practice/GAAP accounting, IFRS training and education and IFRS Corporate and Business Advisory. Rhapsody, incorporated in 2009 is an accounting KPO (Knowledge Process Outsourcing) largely focusing on IFRS practice and other areas. The broad level services currently offered are IFRS Practice/GAAP accounting, IFRS Education and training and IFRS Corporate and Business Advisory.
EU, Australia, South Africa etc adopted IFRS in 2005. Canada, South Korea and Mexico are amongst the countries that have shifted to IFRS by 2011/12. That will leave only India and US amongst the key G-20 nations not having fructified legally adoption of any form of IFRS as of today. IASB and FASB (US) are working hard to converge the two sets of GAAP to pave way for adoption of IFRS in US. Common accounting/ reporting standards on the agenda of meetings of G20 Finance ministers. Idea being one set of common standards globally.
India which was supposed to converge to IFRS from 1 April 2011 is likely to now converge from 1 April 2012. Considering the global movement, IFRS is a definite reality in India and eventually in the US. So, if you are a financial and accounting professional in India or a student studying to become a financial professional then it is important for you to be ready with the requisite IFRS knowledge to lead the IFRS convergence of your company in effective and efficient manner or to audit IFRS based set of financial statements. So it is very important for all the finance and accounting professionals to look at potential effects of IFRS conversion and also understand the depth and breadth of IFRS related issues being encountered.
This course is well suited for the varied IFRS related requirements of the Finance fraternity as a whole.
The objective of this course is to make the finance professionals:
1. Understand the background/Genesis of IFRS and developments till date globally
2. Understand most recent regulatory and other developments on IFRS/Converged Standards (IND AS) in India.
3. Understand the mindset of Accounting and core principles under IFRS.
4. Understand key concepts under each IFRS/IFRIC.
5. Practically apply IFRS/converged standards(Ind AS) in converting Indian GAAP financial statement into IFRS/Ind AS with the help of case studies and role play's.
6. Prepare full-fledged IFRS/Ind AS based financial statements.
7. Successfully attempt Diploma in IFRS exams conducted by globally recognized organizations like ACCA (Association of Chartered Certified Accountants), UK.
8. Understand concept of XBRL and how it works
The lead trainer at Rhapsody Mr. Ravindra Vadali is a member of the Institute of Chartered Accountants of India (ICAI) with over 14 years experience working at organisations like KPMG, Deloitte's, Olam International Singapore and Spice. He is a member of Member of Study group of Accounting Standard Board - ICAI and faculty at ICAI for Advanced IFRS Certification course. He has also been a Faculty at CAG India for IFRS trainings and was rated as the best IFRS trainer there. He has been involved in more than thirty IFRS conversions and trained more than 900 professionals till date. He has been working on various IFRS related projects with American Institute of Certified Public Accountants and he is a Consultant to ICAI-Accounting Research Foundation for IFRS assignments. He is also empanelled with PHD chambers of Commerce as advisor as well as a speaker on IFRS matters. He was a core member of the IFRS conversion group and the private equity group while at KPMG. As an accredited all India IFRS trainer while at KPMG for over 4 years he imparting training to all levels of staff up to partners.
Details of IFRS-XBRL Course - Delhi
Speaker: Ravindra Vadali, Kangan Khanna
Date: 3, 10,24,31 July 2011 and 7 August 2011 (5 Sundays Only)
Venue: A-109, Shivalik, 1st Floor, Sector -35,Noida-201301. (Behind Sumitra Hospital - Near Noida City Centre Metro Station)
Timings: 10.00 am to 6.00 pm
Registration: Limited seats - "Registration on first come first come basis"
Contact: For Registrations please contact: Mohit Keshwani, (m): +91 - 9654337076, (+91-9810739913), +91-9810506995 (o) : +91- 0120-4235138
Course Duration - 40 hours of live classroom training with tests. 40% of the focus shall be on concepts and 60% on practical illustrations so as to understand the nuances of IFRS concepts in detail.
Course fee - Rs. 8,100 + taxes. (50% of the course fee shall be refunded if after joining the course and attending two days of training, trainee is not satisfied with the quality of the course. Fee is inclusive of venue, study material and lunch/snacks during class.)