Indian Accounting Standards

XLRI School of Business and Human Resources
In Jamshedpur

Rs 29,000
+ VAT
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Important information

  • Course
  • Jamshedpur
  • Duration:
    4 Days
Description

The captioned programme is designed to renew the knowledge and understanding of Analysts, Finance Managers and Bankers to align themselves better under the contemporary framework of Financial Reporting and to arrive at the true picture of the financial health of an enterprise.

Important information
Venues

Where and when

Starts Location
On request
Jamshedpur
XLRI Circuit House Area (East), 831035, Jharkhand, India
See map

Frequent Asked Questions

· Requirements

This programme has been configured to cater to the needs and sharpen the skills of Middle and Senior Level Executives from Corporates, Banks and Financial Institutions and other organisations working in the areas of Accounting, Auditing, Financial Reporting, Taxation and Credit Analysis.

Course programme

Financial Statements is the basic and formal means through which the management makes public communication of its financial health along with select quantitative details. Prior to taking any decision, we need to analyze the financial statements in full. In order to assess the true strengths and weaknesses of an enterprise, the analyst should have a clear understanding of the various accounting policies on the basis of which financial statements are prepared. Arriving at conclusions from financial statements in isolation can often be misleading; the true picture can only be obtained by reading them in conjunction with Accounting Standards so as to reduce subjectivity and enhance verifiability of numbers. "Who knows it better than Enron? Before its disgraced collapse, who had thought that cooking-the-book could be perfected to such an extent that it no longer remained just that plain vanilla accounting. Instead it had taken the form of an art. Malicious executives fudged accounting numbers, fooled shareholders, markets, and perhaps everybody." In Indian context The Institute of Chartered Accountants of India (ICAI) had issued various Accounting Standards (AS) on a continuous basis to harmonies accounting practices in the country. Taking stock of this situation, the captioned programme is designed to renew the knowledge and understanding of Analysts, Finance Managers and Bankers to align themselves better under the contemporary framework of Financial Reporting and to arrive at the true picture of the financial health of an enterprise.

Methodology

Conceptual discussions in the classroom will be supplemented by illustrative case on each of the topics given below.

Programme Contents
· Contents of financial statements
· Legal and disclosure requirements of financial statements
· Analysis of accounting policies
· Cash flow statements & analysis
· Effect of following accounting policies on financial statements:
· Inventory Valuation
· Contingency, events occurring after the balance sheet date and provisioning
· Prior Period and extraordinary items
· Accounting for employee benefits
· Revenue recognition
· Depreciation policy
· Valuation of fixed assets
· Valuation of intangibles
· Borrowing cost
· Impairment of assets
· Accounting for government grants
· Foreign currency translation
· Accounting for investments
· Related party disclosures
· Earnings per share
· Discontinuing operations
· Business combination
· Accounting for financial instruments
· Construction contracts
· Segmental reporting and related party disclosure
· Accounting for leases
· Accounting for taxes on income
· Analysis of interim financial reporting and other summary financial information

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