An e-Learning course for practitioners and students on Ind-AS (Indian Accounting Standards), the desi version of the International Financial Reporting Standards prescribed by the International Accounting Standards Board was launched here on Tuesday.
The new standards come into effect from April 1. Launch of a course designed by C & K Management, a TMI Group company, marked a strategic partnership between C & K and The Institute of Cost and Work Accountants of India’s Management Accounting Research Foundation (MARF).
130 hours of learning
The Accounting Standards for Practitioners (ASP) course is priced at ₹ 6,000 and learners can register on http://icwai. indaseacademy.com . After 130 hours of e-learning, participants can take up an online test at ₹ 1,800.
The TMI Group Chairman T. Muralidharan said students of CA, ICWA, ACS, MBA, M. Com, B. Com and BBA would find Ind-AS certification adding value to their resumes.
“It will help practitioners acclimatise themselves to the new standards faster.
TMI endeavour
The TMI’s endeavour is to bring together the three musketeers - Chartered Accountants, Cost and Management Accountants and Company Secretaries,” he said.
Speakers at the launch said that there was an urgent need for accounts and finance practitioners to get trained in its implementation.
The gathering comprised accounting/finance practitioners and students at the Centre of Excellence run by the Institute of Cost and Works Accountants of India here. Others who spoke included Chairman of the Hyderabad chapter D. Suryaprakasam, who is General Manager-Finance at Hyderabad Metro Rail and Central Council Member Niranjan Misra.
Three components
Making a presentation on ‘Ind-AS Relevance and Impact for Accounting Community’, resource person Ganesh Balakrishnan, a Partner in Deloitte Haskins said the new standards were about three components - financial assets, liabilities and equity.
