FACILITATORProf. Sudershan Kuntluru

July 11-13, 2013

IFRS FOR BANKING AND FINANCIAL SERVICES

MDP OfficeIndian Institute of Management Kozhikode

IIMK Campus P.O., Kozhikode 673570, Kerala, India Phone: +91-495-2809 208/450/388/370

Mobile: 09447100539, 09895098960 Fax: +91-495-2809370, 2803010, 2803011

Email: mdp@iimk.ac.in | Website: www.iimk.ac.in

FOR ANY FURTHER CLARIFICATION OR I

NFORMATION PLEASE CONTACT

LAST DATE FOR RECEIPT OF APPLICATIONMarch 29, 2013

FOR ANY FURTHER

CLARIFICATION

OR

INFORMATION

PLEASE CONTACT

MDP Office

Indian Institute of Management Kozhikode

IIMK Campus P.O. Kozhikode 673570

Kerala, India Phone: +91-495-2809

208/450/388/370Mobile: 09447100539,

09895098960 Fax: +91-495-2809370,

2803010, 2803011 Email: mdp@iimk.ac.in

Website: www.iimk.ac.in

LAST DATE FOR RECEIPT OF

APPLICATIONJUNE 20, 2013

OVERVIEW

LEARNING OUTCOMES

PROGRAM THEMES AND COVERAGE

Over a period of time, the techniques used by entities for measuring and managing exposure to risks arising from financial instruments have evolved, and new risk management principles and approaches have gained acceptance. The IASB has issued IFRS as a global accounting standards which seek to bring about a convergence in the way risk management concepts and methods are prepared and reported globally. The fundamental difference among IFRS and other countries’ Generally Accepted Accounting Principles (GAAP) is the underlying principles on which these standards are based. Thus, GAAP in a few countries, including US, are formed on rule-based system where as IFRS is based on principle-based system. Principle-based standards are qualitative and to apply them, capturing the economic substance underlying a transaction is essential. This process will result into more transparent and accurate financial reporting. Such greater transparency regarding those risks allows users to make more informed judgments about risk and return.

By 2015, it is expected that more than 150 countries including USA will move to IFRS. Presently, approximately 120 nations have accepted IFRS for domestic listed companies. Of these, about 90 countries have made it mandatory for their companies to follow IFRS. India has decided to converge than adoption of IFRS. In India, though the Government has deferred the implementation of IFRS which was due in a phased manner w.e.f. April 1, 2011 but felt necessary that the industries should be given enough training before they convert and understand their accounts. The convergence requires that the awareness levels and competency needs to be raised on a war footing across the entire financial community, with an emphasis on substance, not merely, formats. The level of technical preparedness of industry, accounting professionals expertise with international standards and economic environment prevailing in the country would pose challenges to smooth switch to IFRS.

This programme would be useful to the executives who wish to enhance their knowledge in preparing and understanding of financial statements of banking and financial services. It also facilitates in analyzing the financial statements in the light of global accounting framework and language.

nProvides an in-depth analysis of the accounting and disclosure requirement under IFRS.

nEnables the participants to understand the IFRS framework in comparison with the Indian financial reporting requirements (Indian GAAP) and explain the differences in Indian GAAP and IFRS.

nUnderstand the approach to restate and interpret the financial statements as per IFRS.

nOverview of International Accounting StandardsnIFRS frameworks: IAS (revised), IFRS, IFRICs and SICsnSignificant concepts in IFRS, Indian GAAP and Ind-ASnPreparation and Presentation of Financial Statements (IAS 1)nFirst-time adoption and options available (IFRS 1)nAccounting policies, changes in accounting estimates and errorsnFinancial Instruments-Recognition and Measurement (IAS 39 & IFRS 9)nFinancial Instruments-Presentation (IAS 32)nFinancial Instrument-Disclosure (IFRS 7)nImpairment of assetsnHedge AccountingnFair value of accounting nThe effect of changes in foreign exchange rates

n

nCase Studies

Executives who belong to the banking and financial services sectors would greatly benefit from this programme. However, executives belonging to other sectors may also benefit from this programme provided they possess the basic knowledge of accounting tools and techniques and their job structure requires them to deal with banking and financial services to understand and analyze them for the decision making purposes. Financial Controllers, Finance Managers, Bank Managers, Accountants, Auditors, Financial Analysts, professional members like CA, CS, CWA, and corporate and investment bankers would greatly benefit from this programme.

The participants would understand the role of IFRS in the new emerging accounting world; learn the concepts and implications of IFRS with respect to banking and financial services through an appropriate mix of classroom lectures, interactive discussions, case studies and class exercises. Both conceptual and practical aspects of IFRS will be focused throughout the duration of the programme.

Prof. Sudershan Kuntluru

The programme will be held during July 11-13, 2013 at IIMK Campus, Kunnamangalam, Calicut.

Nomination forms duly filled along with the Course Fee should reach the MDP Office latest by June 20, 2013.

Residential : Rs 35,000.00 + Service tax Non-Residential : Rs 30,500.00 + Service tax

The fee is to be paid in advance by Demand Draft drawn in favour of ‘Indian Institute of Management Kozhikode’ payable at ‘Kozhikode’ (or Calicut). The fee covers, in addition to lodging, course materials, working lunch, and breakfast and dinner for residential participants.

Payments to IIMK are exempted from deduction of Tax vide Certificate No. 1/AAAAJ1012Q/ACIT/C-2(1)/KKD/2006-2007/1 dated 15th May 2006 issued by Jt. Commissioner of Income Tax, Division II, Calicut.

In the event of cancellation of nomination, full refund of the programme fee will be made, if request is received in writing at least 21 days before commencement of the programme. No refund will be made if such a request comes after this date.

Approach to IFRS conversion

TARGET AUDIENCE AND PARTICIPANT PROFILE

PEDAGOGY

FACILITATOR

DATE AND VENUE

LAST DATE

FEE

CANCELLATION POLICY

n

PROJECT PLANNING, IMPLEMENTATION, MONITORING & EVALUATION: A PROJECT

LEADERSHIP PROGRAMME FOR HIGH PERFORMANCE PROJECTS

July 10-12,2013 | IIMK- Cochin Campus

IFRS FOR BANKING AND FINANCIAL SERVICES

MDP OfficeIndian Institute of Management KozhikodeIIMK Campus P.O., Kozhikode 673570, Kerala, India Phone: +91-495-2809 208/450/388/370Mobile: 09447100539, 09895098960 Fax: +91-495-2809370, 2803010, 2803011 Email: mdp@iimk.ac.in | Website: www.iimk.ac.in

FOR ANY FURTHER CLARIFICATION OR INFORMATION PLEASE CONTACT

LAST DATE

FOR

RECEIPT OF

APPLICATION

JUNE 20, 2013

ABOUT THE INSTITUTE

The Indian Institute of Management Kozhikode (IIMK) is the fifth IIM, established in 1996 by the Government of India in collaboration with the Government of Kerala. With campus infrastructure fully operational now, it is fast emerging as an internationally reckoned, fully integrated, management institute of higher learning. The Institute seeks to inculcate a spirit of lifelong learning and aspires to strengthen the capabilities of integrating concepts with applications and values. It contributes towards the development of communities of dependable, capable, caring and fair-minded people.

The Institute covers a wide range of academic activities in the field of management such as:

nResearch and Publication

nPost Graduate Programme (PGP) – two year fulltime residential programme

nManagement Development Programme (MDP) – short term residential programmes in advanced management topics for middle, senior and top level managers

nExecutive Post Graduate Programme (EPGP) – Satellite Technology enabled, short and long (up to one year) duration programmes for working Executives

nFaculty Development Programme (FDP) – short term programmes for management teachers

nFellow Programme in Management(FPM) – It aims at developing top quality researchers and faculty resources for academic institutions including IIMs.

nInternational Exchanges Programme (IEP) – IIMK’s International Exchange Programme, apart from promoting Student Exchanges, places a great emphasis on faculty exchange between partner institutions.

nConferences and Seminars

The CampusIIMK is located at Kozhikode, Kerala, the ‘God’s Own Country’, made famous by the entry of Vasco Da Gama to India, and is 15 km from Calicut Railway Station and 38 km from Calicut Airport. The Institute Campus has been developed in the scenic ambience of approximately 96 acres of land in the Kunnamangalam locality of Kozhikode. The site comprises of two hillocks with a valley in between. The panoramic view from the hilltop is a visual delight and conducive for learning and contemplation. The design of the Campus is aimed at preserving the existing ambience, and incorporates the strong architectural traditions of Kerala.