Ind AS Master Class Practical insights on transition to Ind-AS Seventh Edition Delhi I Mumbai I Bangalore
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1 Ind AS Master Class Practical insights on transition to Ind-AS Seventh Edition Delhi I Mumbai I Bangalore
2 On 20 February 2015, the Ministry of Corporate Affairs issued a notification announcing the Ind-AS conversion roadmap for companies, other than banking companies, insurance companies and Non-Banking Financial Companies (NBFCs). The Roadmap suggests a transition to the Ind-AS framework in a phased manner. The first phase covers companies, which have a net worth of INR 500 crores or more. Eventually all listed companies and other unlisted companies, which have a net worth of INR 250 crores or more will be mandatorily required to do Ind-AS for preparation of standalone as well as consolidated financial statements. All holdings, subsidiaries, joint ventures and associates of such a company are also required to prepare the Ind-AS financial statements from its respective transition date. The transition to Ind-AS is not a mere accounting change, but has significant business consequences too. These include: Modification to transaction modules required in the Corporate IT system Impact on key performance indicators such as EBITDA, liquidity ratios, net worth, debt covenants and executive compensation plan Revenue recognition principles set out under Ind-AS 18 Component approach and replacement accounting mandatory for property, plant and equipment Financial instrument accounting We recently completed our sixth edition of Ind-AS Master Class, which received some exceptional feedback. In continuation of the same, we are now launching the seventh Edition of the Ind-AS Master Class.. This 4-day comprehensive Master Class on Ind-AS aims to provide: Understanding of Ind-AS with practical examples focusing on complex accounting standards such as business combination, financial instruments, consolidation and Revenue Recognition Understanding of differences between Indian GAAP and Ind-AS Perspective on business consequences How to plan for transition to Ind-AS This Master Class will be delivered by senior professionals who have extensive training experience, as well as experience of IFRS/GAAP conversion engagements. Facilitators will also share global best practices and perspectives to provide a holistic understanding of the challenges related to the transition to Ind-AS. Overview of topics covered Introduction to Ind-AS Revenue recognition Business combination Consolidation Joint arrangement Financial instruments (including hedge accounting) Fair value measurements Property, plant and equipment Income taxes Employee benefits Share-based payments First time adoption Operating segments Transition to Ind-AS GAAP differences
3 Date and time Course fee Delhi : 19,20 and 26,27 August 2016 Mumbai : 19,20 and 26,27 August 2016 Bangalore : 09,10 and 16,17 September a.m. to 5.30 p.m. The fee of *INR 30,000 (exclusive of applicable taxes) per attendee includes the training material, lunch and refreshments Confirmatory mail will be sent once you have registered. For registration, kindly connect with: Delhi: Ashima Talwar p Ashima.talwar@in.ey.com Bengaluru: Rohit Gupta p Rohit13.gupta@in.ey.com Mumbai: Asif Chowgule p asif.chowgule@in.ey.com For more details log on to ey.com/indastraining For corporate registrations OR enquiry for any other / customized training program, you may contact us at ey.learningsolutions@in.ey.com For more details contact: Mohd. Furqan Warsi Director, Assurance, FAAS Ernst & Young Associates LLP p furqan.warsi@in.ey.com Anand Akhouri Senior Manager, Assurance, FAAS Ernst & Young Associate LLP p anand.akhouri@in.ey.com
4 Highlights of Mumbai Master Class
5 Highlights of Delhi Master Class Master class - a glimpse! The four-day Master Class training conducted in Bengaluru, Delhi and Mumbai succeeded in providing deep insights and practical knowledge on Ind-AS. Senior finance professionals from more than 80 companies attended the program. The subject matter experts, through their diverse experience and knowledge, helped participants understand the level of change and complexities associated with the implementation of Ind-AS. Intertwined with practical examples, the sessions were highly interactive. All the topics including revenue recognition, consolidation, business combinations and financial instruments were of high interest to participants. As the Indian corporate sector embarks on a new journey, the four-day master class helped provide a holistic view of Ind-AS.
6 Ernst & Young LLP EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. Ernst & Young LLP is one of the Indian client serving member firms of EYGM Limited. For more information about our organization, please visit Ernst & Young LLP is a Limited Liability Partnership, registered under the Limited Liability Partnership Act, 2008 in India, having its registered office at 22 Camac Street, 3rd Floor, Block C, Kolkata Ernst & Young LLP. Published in India. All Rights Reserved. EYIN ED None This publication contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. Neither Ernst & Young LLP nor any other member of the global Ernst & Young organization can accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication. On any specific matter, reference should be made to the appropriate advisor. YTG EY refers to the global organization, and/or one or more of the independent member firms of Ernst & Young Global Limited
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