NIIT Imperia offers “Certificate Program in International Financial Reporting Standards” to make companies IFRS ready
- The IFRS program for senior finance professionals to be offered through 22 NIIT Imperia centres for advanced learning in 19 Major cities of India
New Delhi, February 19, 2009: NIIT, a leading Global Talent Development Corporation and Asia’s No. 1 trainer, today announced the launch of its new “Certificate Program in International Financial Reporting Standards”, for successful adoption of International Financial Reporting Standards (IFRS) which will be effectively mandatory in 2010. The course offered by NIIT Imperia is aimed at helping companies for a smoother IFRS Convergence.
The course, which is meant for senior finance professionals, will be offered through 22 NIIT Imperia centres for advanced learning in 19 Major cities of India. The program will be delivered by Mr. Manipadma Datta, Ph.D. F.C.S., Professor and Area Chair, Finance, IMT Ghaziabad and will be conducted on March 1 & March 8, 2009.
The key objective of this workshop is to provide finance professionals with the necessary information to restate Indian Financial Statements as per IFRS. It seeks to help them to understand accounting and disclosure requirements under IFRS, complex issues surrounding the recognition and measurement of financial elements under IFRS, Key Differences in Indian GAAP and IFRS.
On introducing the program, Mr. Shraman Jha, Head, NIIT Imperia said, “The program offered through NIIT Imperia is aimed at facilitating early adoption of IFRS and successful implementation of this convergence. The level of technical preparedness of the industry and accounting professionals is going to be one of the greatest challenges of this transition.
“Through Imperia Network, IFRS Training would be offered in 19 cities simultaneously, making us the first organization to do so at such a wide scale. We seek to upgrade the skills of finance professionals regarding these standards, its inferences and transition procedure through this program,” he adds.
The program presents the information needed to navigate complex issues surrounding the recognition and measurement of financial elements under IFRS an area closely scrutinized by regulators such as the SEC in the US and the Financial Reporting Review Panel in the UK.
The program will focus on issues such as- IFRS Implementation Issues in Select accounting policies, accounting for financial instruments – products, measurement, recognition and disclosure ,what if situation, key IFRS Issues in select industries. At the end of this program, students will be able to perform their finance functions consistent with the requirements of IFRS, which is set to become the single global accounting language.
The last date to apply for this course is February 25, 2009. The fee for the program would be Rs. 11,500/- (Inclusive of Taxes).