Events Calendar

Session on Indian Accounting Standard (Ind AS)
Contact Mr S Sankaranarayanan, Deputy Secretary, 9444419330/24349452/24349871

The World is changing, Business is changing. With globalisation, there are new opportunities as well as new risks for businesses.  As business has changed, so has the role of finance. The responsibilities of the Finance leaders have evolved to encompass everything from business strategy to operations to IT risk management. 

With changes happening at rapid speed in businesses, regulations are evolving at a faster rate.  Financial reporting which is an integral part of an organisation has gained enormous significance and it expected to be transparent and up to the expectations of the various stakeholders. Used appropriately and ahead of time, the changes in financial reporting can become effective tools to reflect business reality and economics. It is therefore important to understand how the changes in the financial reporting landscape needs to be anticipated and aligned as part of the business strategy.

To understand the implications and procedures, under the auspices of the MCCI Company Law Committee, the Chamber has scheduled a half-a-day session on Ind AS on Saturday, the 30th June 2018 at E Hotel, Pattulos Road, Chennai-600002.  The meeting shall commence at 10 am (9.30 am Registration of delegates) and conclude with lunch.

Detailed Agenda with speakers Profile is given below :-

Agenda:

9.30 AM – 10.00 AM

Introductions/Overview to Ind AS

Mrs. Bhavani Balasubramanian, Partner, Deloitte Haskins & Sells

 

 

 

 

 

 

10:00 AM – 11.00 AM

IND AS 115:

Background & Scope:

  • Why transition to IND AS 115 can spring up surprises
  • How to prepare for Quarter ending June 30 reporting challenges
  • Impact on certain key sectors
    • Technology
    • Manufacturing
    • Real estate & Infrastructure
    • Telecom & Media
  • Key topics
    • Licensing arrangements
    • Sale with a right of return
    • Repurchase Agreements
    • Warranties

11: 00 AM –

11:15 AM

Tea Break

 

 
11:15 AM –

12:00 Noon

Ind AS 116

Background & Scope:

  • Understanding transactions impacted by the standard
  • Impact on EBITDA and balance sheet
  • Key impacted sectors
  • Implement the Standard to improve management/controls on leases
  • Managing very large volume of leases

12.00 Noon –

12.45 PM

An introduction to the changing landscape on account of IndAS 109 Financial Instruments

12.45 PM - 1.30 PM

Q&A/Interactions with the Delegates

1.30 PM

LUNCH

 
Speaker Profile:
 
Sunder V Iyer – Partner, Assurance and Audit advisory, has over 24 years of work experience, mainly in the field of financial statement assurance and accounting.
 
He has also had the privilege of serving the Institute of Chartered Accountants of India in drafting of Indian accounting standards, Ind AS, research publications, guidance notes as a member on some of ICAI’s committees. He has also actively contributed to the comment letter process on various accounting topics initiated both in India and internationally.
 
Ananthi Amarnath- Partner, in the Audit & Assurance practice, has over 18 years of experience.  She has led and managed engagements for several listed clients in the manufacturing and financial services industries. She has led engagements involving Ind AS Convergence projects for major conglomerates in India. She is a faculty member for the IFRS Certificate Course offered by Institute of Chartered Accountant of India (ICAI).

Participation Fee:  To cover the administrative cost, the following fee is being charged:

For Members of MCCI – Rs.1000 plus GST – Rs.1180 per head

For Non-Members of MCCI – Rs.1500 plus GST – Rs.1770 per head

Members are requested to kindly depute their executives for the session and send their names by mail.

Participation fee by cheque can be issued in the name of “The Madras Chamber of Commerce & Industry".

Rush in your Nominations to This email address is being protected from spambots. You need JavaScript enabled to view it.

Location E-Hotel, Pattulos Road, Chennai 600 002
June 2018
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