ABOUT

Mission & vision

We were founded with the vision of revolutionising the way people understand and apply the knowledge of Global Accounting & Finance in real world, by empowering them with practical applicability using digital tools and techniques. We leverage our years of experience and extensive research to simplify complex financial concepts and enormous accounting theory through numerical examples and lucid illustrations, as aptly described in our tagline “Your Ind AS Knowledge Partner“.

Our ultimate aim and sole objective is to offer cutting-edge Ind AS and IFRS education in India and throughout the globe. Financial reporting domain is undergoing significant changes through the introduction of advanced and technical accounting standards, and our existing knowledge of GAAP or reporting practices is outdated and obsolete, just like a typewriter or a floppy disk in today’s world. IFRS is the new global accounting and finance language now, which is used and required by more than 130 countries. Every finance professional and student worldwide must learn IFRS/Ind AS; otherwise, they will become outdated soon. It has been applicable to India since 1st April 2016, making it imperative for organisations and professionals adapt to these changes.

We have conducted in-depth research into these high-quality complex global accounting standards and developed an online learning platform backed by consultancy and assistance services to help corporates and finance professionals become well-versed in Ind AS. With our expertise and guidance, individuals and companies can master Indian Accounting Standards and excel in applying, preparing, reporting, implementing, and analysing Ind AS compliant financial statements.

About the founder

Founder message

“The world has moved from analogue to digital and from linear to non-linear thinking. Accounting cannot afford to be static, it has to move ahead and be progressive – even if this means learning from mistakes. Yet, more importantly, not unlearning from them. Education and training of staff is essential for successful implementation of Ind AS. There needs to be a recognition of the responsibility to step forward and help academia educate and prepare tomorrow’s accounting professionals to apply this new global language of accounting and financial reporting. Ind AS needs a different level of training. The requirements are a lot greater. My endeavour is to simplify the process of Ind AS learning through numerical examples and lucid illustrations. It took me more than 10 years of full-time research to comprehend the complexities and intricacies and develop the entire Training Module on Ind AS so that you can grasp these high-quality complex global Accounting Standards. I hope this website serves its intended purpose.”

Amitabha Mukherjee, Founder 

Dr. Amitabha Mukherjee is an Ind AS/IFRS trainer, international consultant, and an author of great repute. He has been into full-time research for the last 14 years where he has developed substantial and comprehensive educational materials aimed to assist corporates, professionals, and students gain in-depth knowledge and practical application of these complex accounting standards.

He was the first author in India to write a book on Ind AS converged with IFRS in 2011.

Consulted and advised listed companies in their Ind AS/IFRS  transition in India, South Africa, Canada, Singapore, EU, Australia, Kuwait, etc by acting as a knowledge partner. Conducted seminars and workshops on Ind AS/IFRS attended by organisations, financial institutions, universities, and colleges.

He has trained numerous finance professionals and students on IFRS globally. He was also a regular contributor to Wiley Insight IFRS which was a global online IFRS portal.

Responsible for developing the world’s first-ever educational material on IFRS 15 – new revenue standard in the form of worked examples and case studies.

Before this, he was an academician and an author for the last 30 years. Books co-authored by him have been recommended texts both in India and abroad. Was also the Head of the Commerce Department in St. Xavier’s College, Kolkata.

He has also trained more than 10,000 professionals on Tally and FACT (Accounting software) in 104 cities across India.

His previous website IFRSdemystified.com had more than 120,000 online users gaining a tremendous amount of appreciation and response from industry and academia worldwide.

Currently, he is the founder of this website Ind AS Edu.com which is an online Ind AS Education Platform.

Some key attributes of his experience and achievements

  • Academician and an author for the last 3 decades
  • First author in India to write a book on Ind AS (converged with IFRS) in 2011 published by Taxmann
  • Consulted listed companies in their Ind AS/IFRS transition in India, the European Union, South Africa, Canada, Singapore, Kuwait etc by acting as a knowledge partner
  • A regular contributor to Wiley Insight IFRS, which is a global online IFRS platform. Only Indian panellist to write educational material on IFRS
  • His recent case study on IFRS 15 (the new revenue Standard) relating to real estate industry has been included in AICPA (American Institute of Certified Public Accountants) course curriculum
  • Has trained more than 10,000 people on Tally and Fact (Accounting Software) in 104 cities across India
  • His previous website IFRSdemystified.com has attracted more than 120,000 visitors in less than 3 years generating tremendous amount of response from industry and academia all around the globe

His favourite quotation is one by Alvin Toffler

” The illiterate of the 21st century will not be those who cannot read and write but those who cannot learn, unlearn, and relearn “

Training

We believe that the transition from Accounting and Reporting Practices from Generally Accepted Accounting Principles (“GAAP”) to Indian Accounting Standards (“Ind AS”) should be made in a smooth and planned manner involving a step-by-step byte size approach, to achieve the objective by behaving in a goal-oriented manner. Education and training of staff are essential for the successful implementation of Ind AS. It is more than just an accounting change but has an organisation-wide impact across all sectors. That is why we have come up with one-of-a-kind training programmes.

Recent research has shown that everything one learns in college and while working in the profession and contained in the textbooks they own has changed. Most evidence to date shows that finance professionals are not at the forefront of these changes. Ind AS is forcing them to unlearn what they know and relearn what they should. The challenge is to go back to the basics, which requires a different approach. It should be taught through cases, and numerical examples – group work where professionals and peers challenge their thinking. Keeping in mind the complexities and needs of corporates and professionals, we have designed revolutionary training courses and knowledge-sharing sessions.

Introduction

Our intensive training courses are aimed at providing in-depth knowledge, practical skills and unparalleled insights into Ind AS. With a rigorous full-time research of more than 14 years by Dr. Amitabha Mukherjee who is the founder of this website backed by an R&D team of dedicated and qualified professionals with over 2 decades of industry experience, these training sessions help to equip finance professionals to understand and apply Ind AS with the help of numerical examples and lucid illustrations. We have designed our training curriculum in a way that enables participants to implement Ind AS in industry-specific scenarios through worked examples, case studies and correlation between theory and practice. Ind AS with its exhaustive literature and ever-changing amendments and interpretations calls for an integrated approach to fathoming its intricacies. Ind AS is the need of the hour for finance professionals and this is where our unique pedagogy fits in. Enhance your learning, master key standards, and gain a competitive edge – enrol today and transform your expertise into excellence!

Highlights of the training

  • It is a 100% ‘live’ intensive training sessions aimed at providing a thorough understanding on Ind AS
  • Basic standards shall be covered initially which apply to most industries (including Ind AS 115 – Revenue and Ind AS 116 – Leases)
  • Since the standards are interactive, they shall be dealt with in an integrated manner
  • The standards shall be explained with numerical examples along with paragraph references
  • Maximum use of case studies and worked examples to help you implement Ind AS in industry-specific scenarios
  • Soft copies of templates, session presentations, and study material shall be provided
  • Clarification of queries and consultation is also offered for 1 year after the programme has concluded
  • Gain in-depth knowledge and skills to prepare Ind AS compliant financial statements
  • Trainings are held live or online depending on your requirements

Standards to be covered

Stage 1

  • Conceptual Framework
  • Fair Value Measurement (Ind AS 113)
  • Income Taxes (Ind AS 12)
  • Presentation of Financial Statements (Ind AS 1)
  • Earnings per Share (Ind AS 33)
  • Statement of Cash Flows (Ind AS 7)
  • Inventories (Ind AS 2)
  • Revenue from Contracts with Customers (Ind AS 115)
  • Events after the Reporting Period (Ind AS 10)
  • Property, Plant and Equipment (Ind AS 16)
  • Impairment of Assets (Ind AS 36)
  • Intangible Assets (Ind AS 38)
  • Borrowing Costs (Ind AS 23)
  • Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37)

 

Stage 2

  • Non-current Assets held for sale and discontinued operations (Ind AS 105)
  • Accounting Policies (Ind AS 8)
  • Agriculture (Ind AS 41)
  • Government Grants (Ind AS 20)
  • Mineral Resources (Ind AS 106)
  • Leases (Ind AS 116)
  • Investment Property (Ind AS 40)
  • Foreign Exchange (Ind AS 21)
  • Hyperinflationary Economies (Ind AS 29)
  • Related Party Disclosures (Ind AS 24)
  • Operating Segments (Ind AS 108)
  • Interim Financial Reporting (Ind AS 34)
  • Employee Benefits (Ind AS 19)
  • Share-based Payment (Ind AS 102)

 

Stage 3

  • Separate Financial Statements (Ind AS 27)
  • Investments in Associates and Joint Ventures (Ind AS 28)
  • Business Combinations (Ind AS 103)
  • Consolidated Financial Statements (Ind AS 110)
  • Joint Arrangements (Ind AS 111)
  • Disclosure of Interests in Other Entities (Ind AS 112)
  • Financial Instruments (Ind AS 32, Ind AS 107, Ind AS 109)
  • First-time Adoption of Indian Accounting Standards (Ind AS 101)

Duration and fees

For more information regarding training details, please view our available Ind AS Courses or get in touch with us on info@indasedu.com or call on + 91 99033 90576.

Who should attend

  • Chartered Accountants
  • Financial Controllers
  • Auditors
  • Heads of Finance
  • Chief Accountants
  • Group Finance Directors
  • Finance Managers
  • CFOs
  • GM – Finance
  • Management Accountants
  • Executive Directors of Finance
  • CA, CMA, CS, CPA, ICWA
  • Heads of Accounting and Administration
  • Finance and Information Systems Managers
  • Financial Analysts
  • Portfolio Managers
  • Tax professionals
  • Treasurers
  • Professors
  • CA Final students

Company tailored program

Corporates can tailor their Ind AS training to suit their specific requirements and interests by combining any of the Standards available in an effective and time saving manner. We will develop a tailored training programme that incorporates topics ranging from basic Standards in Stage 1 to more advanced and industry-specific Standards covering aspects most relevant to your business.

Minimum participants:  5

We will require a preliminary meeting (call-in) to determine the programme, technical issues, and other details. Fees and timing can be negotiated depending on the number of participants, any particular requirements etc.

Locating and Timing: These sessions can be deliberated at your premises on a date convenient to your organisation or could be ‘online’ as the preferred mode of communication.

Call us on +91 9903390576 or email us at info@indasedu.com to request a quote now!

Request for a free demo

If you would like to request for a free demo, kindly email us on info@indasedu.com or call us on +91 99033 90576.

Consultancy

The conditions in today’s global business market, such as rapidly changing regulations, increased scrutiny of company financials, and complex accounting standards seem to be a daunting task for corporates and finance professionals. After interacting with clients both internationally and nationally, our experience suggest that Ind AS is more than an accounting transformation and is something that needs to be realised. There will be significant changes in Profits, Dividend policy, EBITDA, Tax planning etc. because of this transition and companies need to plan well in advance to incorporate this switch and ensure smooth conversion. While Ind AS in India is a reality now, it is of utmost importance for India Inc to gear up and embrace this massive shift in financial reporting. This is why we have come up with a range of consultancy and assistance services.

  • Total diagnostic review with impact assessment
  • Conduct training to supplement the Company’s Finance team
  • Implementation assistance on complex standards such as Ind AS 115 – Revenue, Ind AS 116 – Leases and Ind AS 109 – Financial Instruments
  • Develop chart of accounts and accounting manuals
  • Evaluation of tax implication on changeover to Ind AS
  • Analysis of Policies and procedure differences between existing GAAP and Ind AS
  • Identify changes in systems, IT, accounting processes
  • Design Ind AS accounting, reporting, consolidation, reconciliation and controls
  • Data conversion at sub-account/general level
  • Drafting and finalisation of accounting policies and procedures
  • Prepare a checklist for disclosures
  • Communication strategy for key areas affected
  • Assisting in preparing Ind AS compliant Financial Statements including First-time Adoption
  • Perform tax conversions and prepare reconciliation statements
  • Reviewing of performance functions of supervisors and Ind AS financial report
  • Set-up of the new accounting processes, reporting and disclosures
  • Provide updated technical knowledge on all the latest amendments, interpretations and new Standards
  • Effective communication with stakeholders
  • Post-implementation review of audited Ind AS Financial Statements