Ind-AS Master Class. Practical insights on transition to Ind-AS Third edition. Delhi Mumbai Bengaluru Kolkata

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Ind-AS Master Class Practical insights on transition to Ind-AS Third edition Delhi Mumbai Bengaluru Kolkata

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 more than INR 500 crores. Eventually all listed companies and other unlisted companies, which have a net-worth of INR 250 crores 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 Five step model to be implemented for revenue recognition under IFRS 15 Component approach and replacement accounting mandatory for property, plant and equipment Financial instrument accounting We recently completed our second batch of Ind-AS Master Class, which received some exceptional feedback. In continuation of the same, we are now launching the third edition. 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

Date and time Course fee Delhi 20, 21, 27 and 28 August 2015 Mumbai 20, 21, 27 and 28 August 2015 Bengaluru 3, 4, 10 and 11 September 2015 Kolkata 13, 14, 20, 21 August 2015 The fee of *INR 30,000 (exclusive of applicable taxes) per attendee includes the training material, lunch and refreshments For 10% early bird discount relevant date is 17 July 2015 Confirmatory mail will be sent once you have registered. 9.30 a.m. to 5.30 p.m. For registration, kindly connect with: Delhi: Ashima Talwar p +91 99 715 52561 ashima.talwar@in.ey.com Mumbai: Asif Chowgule p +91 99 200 40333 asif.chowgule@in.ey.com Bengaluru: Ashima Talwar p +91 99 715 52561 ashima.talwar@in.ey.com Kolkata: Pradeep Pandey p +91 78 380 00185 pradeep.pandey@in.ey.com For more details log on to ey.com/indastraining Location Delhi Holiday Inn New Delhi International Airport Asset Area 12, Hospitality District Aero City, Delhi International Airport New Delhi 110037 Mumbai Sunville Banquet And Halls, 9, Dr Annie Besant Road, Near Etria Mall, Worli, Mumbai, Maharashtra 400018 Bengaluru Fortune JP Celestial, 5/43, Racecourse Road, Gandhi Nagar, Bengaluru 560009 Kolkata Hotel Hindustan International 235/1, AJC Bose Road, Kolkata 700020

Highlights of Mumbai Master Class

Highlights of Delhi Master Class Master class - a glimpse! The second edition of 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.

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