IFRS LEARNING

R J Corporate Consulting Pvt. Ltd.

Worldwide momentum

¨ The globalization of business and finance hasled more than 12,000 companies in more than100 countries to adopt International FinancialReporting Standards (IFRS) with numberincreasing to 150 by 2011. In 2005, theEuropean Union (EU) began requiringcompanies incorporated in its member stateswhose securities are listed on an EU-regulatedstock exchange to prepare their consolidatedfinancial statements in accordance with IFRS1.stock exchange to prepare their consolidatedfinancial statements in accordance with IFRS1.

¨ Australia, New Zealand and Israel haveessentially adopted IFRS as their nationalstandards. Canada, which previously plannedconvergence with U.S. Generally AcceptedAccounting Principles (GAAP), now plans torequire IFRS for publicly accountable entitiesin 2011

Worldwide momentum

¨ The Accounting Standards Board of Japan (ASBJ) and the International Accounting Standards Board (IASB) plan convergence by 2011. On November 11, 2008, Mexico announced it would adopt IFRS for all listed entities starting in 2012.

¨ In a survey conducted in late 2007 by the International Federation of Accountants (IFAC), a large majority of accounting leaders from around the world agreed that a single set of international standards is important for economic growth world.

US Agenda

¨ In 2007, the SEC unanimously voted to allowforeign private issuers to file financialstatements prepared in accordance with IFRSas issued by the IASB without reconciliation toUS GAAP. Of even greater importance was theSEC’s Concept Release seeking input onallowing U.S. public companies to use IFRSwhen preparing financial statements. Mostwhen preparing financial statements. Mostrecently, the SEC issued a proposed roadmapthat includes seven milestones for continuingU.S. progress toward acceptance of IFRS.

India’s Roadmap of convergence with IFRS

I N D

I AI N

D I A

India’s Roadmap

¨ Phase I:The following categories of companieswill convert their opening balance sheets as atApril 1, 2011, if the financial year commences onor after April 1, 2011 in compliance with thenotified accounting standards which areconvergent with IFRS. These companies are:-

¨ Companies which are part of NSE – Nifty 50Companies which are part of BSE - Sensex 30¨ Companies which are part of BSE - Sensex 30

¨ Companies whose shares or other securities arelisted on stock exchanges outside India

¨ Companies, whether listed or not, which have anet worth in excess of Rs.1,000 crores.

India’s Roadmap

� Phase-II :- The companies, whether listed ornot, having a net worth exceeding Rs. 500crores but not exceeding Rs. 1,000 crores willconvert their opening balance sheet as at April1, 2013, if the financial year commences on orafter April 1, 2013 in compliance with thenotified accounting standards which areconvergent with IFRS.

� Phase-III :- Listed companies which have a� Phase-III :- Listed companies which have anet worth of Rs. 500 crores or less will converttheir opening balance sheet as at April 1, 2014,if the financial year commences on or afterApril 1, 2014, whichever is later, in compliancewith the notified accounting standards whichare convergent with IFRS.

� When the accounting year ends on a dateother than March 31, the conversion of theopening Balance Sheet will be made in relationto the first Balance Sheet which is made on adate after March 31.

India’s Roadmap

¨ Companies which fall in the following categorieswill not be required to follow the notifiedaccounting standards which are converged withthe IFRS (though they may voluntarily opt to doso) but need to follow only the notifiedaccounting standards which are not convergedwith the IFRS. These companies are: -

¨

(a) Non-listed companies which have a net worthof Rs. 500 crores or less and whose shares orother securities are not listed on StockExchanges outside India.

¨

(b) Small and Medium Companies (SMCs).

Results of survey taken by Deloitte in 2009

78%

52%

16% 20%

Sales

accounting taxTechnology

66%

63%

46%

52% TechnologyStatutoryorganizationotherN/A

Results of survey taken by Deloitte in 2009

45%

22%

20%Sales Comunication

wide comunication planDevelopment of training programme

50%

Not sure

Results of survey taken by Deloitte in 2009

¨ “Just as many businesses are laying down thegroundwork for possible conversion to IFRS,universities in USA are following the suit. Arecent journal of Accountancy in US based ona roundtable discussion with accountingprofessors from eight universities, found thatprofessors from eight universities, found thatIFRS is being integrated into the courseofferings at each institutions-at least to somedegree.”

Benefits of training to the individuals

¨ Increase Job Prospects due to following Reasons:

¨ Globally Competitiveness.

¨ IFRS skills will be required to make competitiveassessments, benchmark performance againstcompetitors and complete strategic transactions inforeign markets.

¨ Personnel with a breadth of skills will be necessaryto implement IFRS technical accounting, financialanalysis, project management, processmanagement, information technology, tax,internal controls, risk management. Thus peopleworking in even these fields equipped with IFRSskills will be preferred by companies.

¨ In times to come there is seen a huge potential inBPO sector in India relating to IFRS.

RJ Corporate Consulting Pvt Ltd.

¨ RJ Corporate Consulting Pvt. Ltd.(RJCC)is leading provider of professionaltrainings in IFRS & US GAAP &consultancy. RJCC works in partnershipwith clients and students alike to givewith clients and students alike to giveyou the skills and knowledge you needto succeed and develop in today’sbusiness climate.

Our Vision

¨ Our vision is to be a key contributor,facilitator/change agent in transformingpeople from all backgrounds, from all parts ofthe world, into professionals of the highestthe world, into professionals of the highesttechnical, practical and ethical standards.

Our Mission

¨ Our mission is to ensure that all training ordevelopmental activity we undertake will havea positive impact on the future performance ofour Client's businesses. We will provideinspiring training that motivates individuals toachieve their full potential thereby helping ourClient’s achieve their corporate goals.

¨ We will work in partnership with our Clientsensuring that courses we offer are specificallydesigned or thoughtfully adapted to suit theirlearning and workplace outcomes taking careto understand the most appropriate methodsto deliver the material

Our Values

¨ To be ethical on all fronts

¨ To inculcate an environment of being self-driven & self-motivated

¨ To inculcate out-of-box thinking at all levels of the organizationthe organization

¨ To work with passion, zeal and dedication

Our team

¨ Rachna Jaggi is founder director of RJCC. Sheis FCA ,CPA(US) & holds diploma inIFRS(ACCA)UK .She is having postqualification experience of over 14 years inthe field of Auditing Accounting & trainings &heads the IFRS team. Rachna has also closelyworked with MCA, ICAI & other professionalbodies on various professional fronts & havebodies on various professional fronts & havebeen instrumental in developing postqualification WTO course of ICAI by aligningICAI with IIFT. Before starting her own ventureRachna has worked with Price waterhouse,Spicegroup, & Khanna & Annadhanam.Rachna has been conducting corporatetraining, seminars & workshops in IFRS forSenior Management of Corporates

Our team

¨ Our team include CAs, CPAs & ACCA(Association of Chartered CertifiedAccountants, UK). who holds expertise infields of IFRS, SARBANES OXLEY, XBRL,Combined Code, ACCA UK .They have trainedCombined Code, ACCA UK .They have trainedCA programme students in IFRS in UK andalso involved in various convergence casestudies.

Clients served

� NTPC, � CAG office Noida� Colt Technologies� CS Institute (Mumbai)Workshops on IFRS Attended by Senior officials of :� Rukmani Devi Institute of Management Studies � International Institute of Management� International Institute of Management� Fore School of Management� DCM Sriram Consolidated Ltd.� IREDA� THDC India LTD.� NPCC Ltd.� Ansal Institute of Technology � Radico Khaitan Ltd.� IILM � National Capital Region Planning Board

Samsung Engineering to name a few & � CA , CS & MBA Students

WE CAN TEAM UP1724 OUTRAM LINES KINGSWAY CAMP DELHI-11000991-011-47904751INFO@RJCORPORATECONSULTING.COM

R J Corporate Consulting Pvt. Ltd.

IFRS Overview Course

www.rjcorporateconsulting.com

IFRS Overview Course

About the course

Duration 1 day course

Pedagogy Mix of lectures, case study discussions ,use of illustrative financial statement disclosure requirements

Eligibility CA,CS,CWA, MBA, Accounts staff, Finance ,Tax professionals, Professional students of these courses,

Faculty FCAs, ACCAs having experience of 8to 15 years in the field of accounting auditing & trainings with Big Four & Industry

Fees : In-house training RS.30000+ service tax@10.3%

No. of participants No upper limit, on the basis of experience class of 20 participants is ideal no.

For individual participants

RS 2100

Programme Director Rachna Jaggi

About the course

Days 1 day course

I session Background & Framework

II session IAS1

III session IAS 8 & IAS10

IV session Difference between IGAAP & IFRS(converged Ind AS)

Topics covered Presentation of Financial Statements, Business combinations

Income tax, Property Plant & Equipments, Investment Property, Lease, Related Party, Impairment,

Borrowing Cost ,Provisions, Contingent Liabilities, & Contingent Assets

Programme Key Takeaways

§Comply with IFRS requirements relating to presentation & Disclosure

§Understand IFRS recognition & Measurement rules for assets, liabilities, revenue, expenses, gains & losses

§Understand IFRS financial statement requirements, including accounting policies & disclosures

§Minimize the learning curve for new GAAP by capitalizing on existing knowledge

§Understand the major technical differences between I GAAP & IFRS Requirements

§Plan Ahead the implementation of new convergence related standards

§Determine the system modifications & other changes that will be required in order to implement IFRS

Join us for the bright future

Contact Us :

R J Corporate Consulting Pvt. Ltd.1724 Ist Floor Outram Lines Kingsway Camp, Delhi-110009Tel no. : 011-47904751Cell No. : 9810354557,9873821616Email-id: info@rjcorporateconsulting.com

Basic course on iFrs

BackgroundWorldwide momentum

The globalization of business and finance has led more than 12,000 companies in more than 100 countries to adopt International Financial Reporting Standards (IFRS) with number increasing to 150 by 2011.USA will also adopt in 2015.

India’s Scenario• Ministry of Company Affairs on 22nd

January 2010 issued an announcement in which it laid down the roadmap of convergence in India. Key point are:

Convergence with IFRS will be in phased manner, starting from April 1, 2011.

Criteria for companies covered in each phase defined.

Companies not covered will follow existing standards, but may voluntarily change.

Banks Insurance Companies & NBFCs will converge as per press note issued on 31st March 2010

Convergence will have wide impact on all areas of Business including technology. Training in IFRS has become essential today for an Individual Professional & organisation to remain competetive in the market .Programme Objectives

R J Corporate Consulting Pvt. Ltd.

Understand IFRS recognition & Measurement rules for assets, liabilities, revenue, expenses, gains & losses

Understand IFRS financial statement requirements, including accounting policies & disclosures

Minimize the learning curve for new GAAP by capitalizing on existing knowledge

Understand the major technical differences between I GAAP & IFRS Requirements

Plan Ahead the implementation of new convergence related standards

Determine the system modifications & other changes that will be required in order to implement IFRS

Days 1 day course

I session Background & Framework

II session IAS1

III session IAS 8 & IAS10

IV session Difference between IGAAP & IFRS(converged Ind AS)

Topics covered Presentation of Financial Statements, Business combinations

Income tax, Property Plant & Equipments, Investment Property, Lease, Related Party, Impairment,

Borrowing Cost ,Provisions, Contingent Liabilities, & Contingent Assets

Training will be spread across 9 weeks for smooth learning & better retentionsWho Should attend.CFO & Finance Director Analysts, Accountant, Investment & Corporate Banker , Strategic Planner, Auditor, Private Equity & Merger & Acquisition specialist, Tax Consultant, Practicing CA, CS, CWA & Professional students.PedagogyMix of lectures, case study discussions, use of illustrative financial statements & industries’s disclosure requirement.Programme facultyExperienced IFRS professionals from Industry ,Big Four Alumnies & practicing Profesionals will be taking the classes.Fees & Payment Schedule.Programme fees is mentioned in the table.Fees is payable at the time of registration.Fees is all incusive & non refundable. Payments are to be made to RJCC by cash, cheque or emand draft .Cheques to be drawn in favour of “R J Corporate Consulting Pvt. Ltd” .

Particular Duration Fees

In House training 1 day RS.30000+ service tax@10.3%

For individual participants

1 Day Rs 2100

About R J Corporate Consulting Pvt.RJ Corporate Consulting Pvt. Ltd. Is leading provider of professional services in the sphere of IFRS training & convergence, US GAAP ,accounting, regulatory compliance,taxes. In trainings ,RJCC works in partnership with clients & students alike to give the skills and knowledge needed to succeed and develop in today’s business climate .Its managed by professionals like, CAs, CPAs, CS, Lawyers, MBAs & EngineersRJCC training is : delivered by experienced & knowledgeable IFRS leaders.Cost effective & timely

For further details please visit www.rjcorporateconsulting.com or call at 011-47904751,9810354557,9873821616

IFRS: Implementation & Compliance

About the Programme

Programme Sessions

About Programme DirectorAbout Programme Director

About RJCC

Testimonials

Other details

• IFRS experts from industry Big 4 Alumni, Faculty

• Mix of case study discussion, issues in convergences ,Use of Illustrative financial statement disclosure requirements

Pedagogy

• Certificate of participation from RJCCCertification

RJCC’s earlier programmes have been attended by officials of DCM Sriram Consolidated Ltd. IREDA,NPCC Ltd., Radico Khaitan Ltd., IILM, Samsung Engineering,Ansal Institute of Technology, THDC India Ltd. Rukmani Devi Institute of Management Studies,International Institute of Management Studies etc.

Duration : 9weeks

Eligibility: CA, CS, CWAs, MBAs, Professional students of these courses

Tentative class schedule : 1:30 pm to 5:30pm, Oct 24,31,Nov7,14,21,Tentative class schedule : 1:30 pm to 5:30pm, Oct 24,31,Nov7,14,21,28,Dec 5,12,19

Fees: Rs. 20800+ service tax @10.3%, Rs.22942For Professional students: Rs. 17900+sevice tax@10.3% Rs. 19744

if any participant wish to follow per session (s) programme, per session fees is Rs. 2600

Programme Director: Rachna Jaggi

� Senior & Middle level executives of PSUs, MNCs,

� Analysts, Accountants &

� Investment Banker

� Corporate Banker

� Strategic Planner� Strategic Planner

� Auditor

� Tax Practitioners

� Faculty of Universities & Management Institutions

� Practicing CA, CS, CWA &

� Professional students

� Participants will learn about key accounting issues & practical considerations related to IFRS implementation

� The course will explore IFRS & I GAAP differences for several accounting areas, overview of regulatory environment, convergence efforts to IFRS

� Will help the broaden understanding of IFRS & what it means for the organisationsorganisations

� To apply in a practical context, advanced accounting principles and techniques.

� To analyse, interpret and report on financial statements and related information to different user groups

� On completion of the program, candidates should be in a position to prepare, analyse and interpret financial statements under international standards.

� The formats of financial statements.

� Discussion on the requirements of IFRS.

� The operating cycle and current/non current classification.

� Fundamental accounting concepts

� How to make adjustments relating to previous years through equity/accumulated profits.

� Correction of errors

� Adjusting and non-adjusting events.

� Discussion on the appropriate date for approval of financial statements.

� Which costs to include in inventory.

� Basis of valuation and net realizable value.

� Methods of apportioning costs to units such as FIFO and weighted average

� Cost versus revaluation.

� Accounting for revaluations and disposals of non current assets,

� including the requirements of IFRS 5 relating to held for sale.

� Methods of depreciation including sum of the digits.

� Changes in the basis of depreciation and revision of useful life.

� The treatment of investment properties.

� Exchange of assets.

� The concept of impairment under IAS.

� Disclosure and presentation of non current assets.

� Component Accounting

� differences between repairs and maintenance, replacements and major inspections

� Definition and treatment under IAS 40� Definition and treatment under IAS 40

� Valuation methods using the cost model and fair value model

� Capitalisation of interest and other borrowing costs.

� Which assets qualify and for how long can borrowing costs be capitalised.

� The two methods of accounting for government grants allowed

under IAS 20

� The issue with leasing and substance over form.

� Categories of leases and the impact on the financial statements of the lessor and the lessee.

� Step by step guide as to how to identify whether a lease is finance or operating and the accounting entries required.operating and the accounting entries required.

� Accounting for sale and leaseback transactions.

� The disclosure requirements for lessors and lessees

� Functional and presentation currencies

� Treatment of exchange differences.

� The temporal and closing rate methods of consolidating foreign subsidiaries.

� Definitions.

� Research and development.

� Treatment of goodwill and negative goodwill.

� The treatment of intangible assets on business combinations in accordance with IAS 38.

� Definition of provision and where they should be shown in the

� balance sheet.

� When to account for and when to disclose contingent assets and liabilities.

� Obligating events: legal and constructive obligation.

� Provisions for future operating losses and onerous contracts.

� Restructuring

� Measurement of recoverable amount and impairment loss.

� Value in use under IAS 36 and how to calculate it.

� Reversal of impairment losses.

� Identifying cash generating units (CGUs) and allocating

impairment losses to specific assets in a CGU.� impairment losses to specific assets in a CGU.

� Accounting for deferred taxation using the balance sheet liability

method.

� Tax base of assets and liabilities.

� Recognition of deferred tax assets.

� Interest, royalty and dividend income.

� Some accounting issues in recognition of revenue and substance over form.

� Discussion of the need for discounting when revenue is to be received in the future and the entries required when discounting

� T he accounting issue of revenue recognition.

� Recognition of contract revenues and costs and recognition of

� expected losses on contracts.

� The percentage of completion method.

� Disclosure and presentation especially in the balance sheet under IFRS.

� Accounting entries required

� Classification of equity and liabilities.

� Disclosure of the various risks.

� Compound financial instruments such as convertible loan stock.

� Accounting for financial assets and financial liabilities.

The various categories of financial assets � The various categories of financial assets

� How to account for the various gains and losses.

� Fair value and cash flow hedges.

� Embedded derivatives

� Group consolidation

� distinguish different kinds of entities (subsidiaries, associates and joint ventures)

� How to account for them

� The principles of consolidation, equity accounting and proportionate consolidation

� The consolidation disclosure requirements

� Rachna Jaggi is founder director of RJCC. She is FCA ,CPA(US) &holds diploma in IFRS(ACCA)UK .She is having post qualificationexperience of over 14 years in the field of Auditing Accounting &trainings.She has also closely worked with MCA, ICAI & otherprofessional bodies on various professional fronts & have beeninstrumental in developing post qualification WTO course of ICAIinstrumental in developing post qualification WTO course of ICAIby aligning ICAI with IIFT. Before starting her own venture Rachnahas worked with Price waterhouse, Spicegroup, & Khanna &Annadhanam. She has been conducting corporate training,seminars & workshops in IFRS for Senior Management ofCorporates & management Institutes. Rachna is regular faculty onIFRS & IGAAP with NTPC & also panel faculty of ICAI for IFRSworkshops.

� RJ Corporate Consulting Pvt. Ltd.(RJCC) is leading provider ofprofessional trainings in IFRS & US GAAP & consultancy. RJCC works inpartnership with clients and students alike to give the skills andknowledge needed to succeed and develop in today’s business climate

� Our mission is to ensure that all training or developmental activity weundertake will have a positive impact on the future performance ofour Client's businesses. We provide inspiring training that motivatesour Client's businesses. We provide inspiring training that motivatesindividuals to achieve their full potential thereby helping our Client’sachieve their corporate goals.

� We work in partnership with our Clients ensuring that courses weoffer are specifically designed or thoughtfully adapted to suit theirlearning and workplace outcomes taking care to understand the mostappropriate methods to deliver the material.

� “Ms . Rachna Jaggi has been a regular faculty at PMI . She has a very good knowledge of Indian Accounting Standards , IAS and IFRS . She is a competent corporate trainer . She customizes the subject matter as per the training needs of our executives .I found her extremely approachable and responsive in resolving our questions. We rate her as an excellent faculty in IFRS training programs and hope to have an ongoing relationship”. Sulochna Murlidharan, AGM, Power Management Institute, NTPC.AGM, Power Management Institute, NTPC.

� “Rachna has conducted Seminars on IFRS with us which I found very educated and highly recommended for everyone in the finance department of a companies to ensure an increase in knowledge and skill. Rachna exhibit high level professionalism and has a equally knowledgeable professional team to deliver the topic of interest in IFRS. Their course is very well organised ,gives candidates a good overview of IFRS, Practical examples following the theory is very good format. Many thanks the seminars were excellent!!” Rajan Pandhi, Deputy Director, Delhi Management Association

Basic course on iFrs

BackgroundWorldwide momentum

The globalization of business and finance has led more than 12,000 companies in more than 100 countries to adopt International Financial Reporting Standards (IFRS) with number increasing to 150 by 2011.USA will also adopt in 2015.

India’s Scenario• Ministry of Company Affairs on 22nd

January 2010 issued an announcement in which it laid down the roadmap of convergence in India. Key point are:

Convergence with IFRS will be in phased manner, starting from April 1, 2011.

Criteria for companies covered in each phase defined.

Companies not covered will follow existing standards, but may voluntarily change.

Banks Insurance Companies & NBFCs will converge as per press note issued on 31st March 2010

Convergence will have wide impact on all areas of Business including technology. Training in IFRS has become essential today for an Individual Professional & organisation to remain competetive in the market .Programme ObjectivesParticipants will learn about key accounting issues & practical considerations related to IFRS implementation.The course will explore IFRS & I GAAP differences for several accounting areas, overview of regulatory environment, convergence efforts to IFRS.Will help the broaden understanding of IFRS & what it means for the organisations.On completion of the programme, the Paticipant will be able to prepare analyse & interpret financial statements under IFRS.

R J Corporate Consulting Pvt. Ltd.

Programme Structure & Content

Overview/ Roadmap/ Framework Presentation of Financial Statements, Change in Accounting policies & Errors, Events after the balance sheet date

Inventories, Property Plant & Equipments, Investment Properties, Government Grants, Leases

Revenue Recognition, Construction contracts.

Borrowing costs, Effects of changes in Foreign exchange rates, Income taxes

Intangible Assets, Impairements, Provisions, Contingent liabilities & Contingent Assets

Financial Instruments Business Combinations & Consolidations

Training will be spread across 9 weeks for smooth learning & better retentionsWho Should attend.CFO & Finance Director Analysts, Accountant, Investment & Corporate Banker , Strategic Planner, Auditor, Private Equity & Merger & Acquisition specialist, Tax Consultant, Practicing CA, CS, CWA & Professional students.PedagogyMix of lectures, case study discussions, use of illustrative financial statements & industries’s disclosure requirement.Programme facultyExperienced IFRS professionals from Industry ,Big Four Alumnies & practicing Profesionals will be taking the classes.Fees & Payment Schedule.Programme fees is mentioned in the table.Fees is payable at the time of registration.Fees is all incusive & non refundable. Payments are to be made to RJCC by cash, cheque or emand draft .Cheques to be drawn in favour of “R J Corporate Consulting Pvt. Ltd” .

Particular Time slots Class Days Fees

Professionals & Professional students

Sun-1:30pm-5:30 pm

Nov 14, 21,28,Dec- 5, 12 ,19, 26Jan-2,9

Rs.20800+10.3% service tax

About R J Corporate Consulting Pvt.RJ Corporate Consulting Pvt. Ltd. Is leading provider of professional services in the sphere of IFRS training & convergence, US GAAP ,accounting, regulatory compliance,taxes. In trainings ,RJCC works in partnership with clients & students alike to give the skills and knowledge needed to succeed and develop in today’s business climate .Its managed by professionals like, CAs, CPAs, CS, Lawyers, MBAs & EngineersRJCC training is : delivered by experienced & knowledgeable IFRS leaders.Cost effective & timely

For further details please visit www.rjcorporateconsulting.com or call at 011-47904751,9810354557,9873821616