IFRS and US GAAP Training Programmes

Following the success of the IFRS / US GAAP courses held over the world by our experts & partners, PIRON Education & ATC International are pleased to announce various IFRS / US GAAP In-Company and Public Training programmes in INDIA

IFRS
International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements. The IASB is an independent accounting standards body, based in London.

Importance of IFRS
While converting to IFRS is a complex process, these standards have important and positive implications for organizations and individuals that adopt them. 1. For companies: Reduced cost of capital and the ease of using one consistent reporting standard from subsidiaries in many different countries. 2. For investors: Better information for decision making, leading to broader investment opportunities. 3. For national regulatory bodies: Better information for market participants in a disclosure-based system.

The Purpose of IFRS

Today businesses are crossing their national boundaries, promoting the synchronization of accounting standards across the globe. The objective behind the IFRS is to create a common platform for better understanding of accounting, internationally. By adopting IFRS, a business can present its financial statements on the same basis as its foreign competitors, making comparisons easier. WIDER APPLICABILITY Furthermore, most jurisdictions that report under IFRS, including the EU, mandate the use of IFRS only for the listed companies. However, in INDIA, IFRS would apply to a wider group of entities than their international counterparts. This is primarily because of a large number of private enterprises getting covered under the size criteria, based on their turnover and/or their borrowing. Companies also may need to convert to IFRS if they are a subsidiary of a foreign company that must use IFRS, or if they have a foreign investor that must use IFRS.

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Its Time to Learn IFRS

ICAI has announced convergence to IFRS by 2011 which is not far away, since firms would need to start preparing themselves right now to adopt this change. It is time to prepare for the change, which will bring substantial and significant business transfiguration.

IFRS Adoption European Union Brazil Canada India Russia Australia Israel New Zealand 2005 2010 2011 2011 Undecided 2005 2005 2005

IFRS Convergence United States Japan China* 2014 2011 2007

* significant level of convergence

The convergence with IFRS is an important decision for all the countries standing with open arms to welcome new business from all over the world. More than 12,000 companies in almost 100 nations have adopted IFRS, including listed companies in the European Union.

Less than 600 days to go!

The first set of IFRS financial statements for the year ending March 31, 2012 would also require preparation of : Opening balance sheet as on April 1, 2010 Comparative financial Statements-year ending March 31, 2011

Reporting enterprises would need to ensure preparedness for IFRS reporting as early as April 2010

So, let's prepare our businesses for this inevitable and favourable change, before it is too late.

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Get Prepared From Global Experts

PIRON Education has partnered with Accounting Tuition Centre International (ATC International) to bring quality IFRS training in India.

About PIRON Education PIRON Education, a division of PIRON Group, is a training and consultancy firm specializing in the design, development and delivery of tailored training solutions to companies and accounting firms worldwide. We have extensive knowledge of International Financial and Reporting Standards (IFRS) and United States generally accepted accounting principles (U.S. GAAP) and our courses are thorough, designed for your individual needs and highly acclaimed. With offices in both India and United States, we offer various technical training courses each year. The company has established itself as one of the leading independent training companies to offer courses worldwide. We are also the sole value added reseller licensee of Bisk CPA Review and Universal Accounting programmes in SAARC countries.

About ATC International

Accounting Tuition Centre International (ATC International) is a finance and accountancy training company operating in Central and Eastern Europe since 1993, making it the first provider of high-quality training in this market. Since then, ATC International has helped many thousands of individuals to achieve their career goals, and hundreds of organizations to improve the value of their human capital. ATC International has 6 offices in the region, as well as a central office in London. ATC International has been working in more than 20 countries since 1993. ATC International has been providing specialist ACCA examination training to all of the Global 4 audit firms in Central and Eastern Europe, Russia and central Asia since 1993. The Association of Chartered Certified Accountants (ACCA) is a UK-based professional body issuing one of the most highly respected and valued international qualifications in business. It is recognised by member states of the European Union and the United Nations. ATC International also provide professional examination and IFRS/ISA training to the employees of companies such as British American Tobacco, Coca Cola, TMF, Gazprom, Gazprombank, Lukoil, KMG (Kazakhstan) BP, BDO, Moore Stephens, Orange, Romstal, BCR, WNS, government finance ministries and many more.

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Our Course Offerings

Seminars and Workshops (Public or In-company Training) PIRON Education in partnership with ATC International offers a wide range of IFRS courses to meet the clients' training needs. By taking the time to understand their business and training needs, we are able to deliver personalized and directed seminars on-site or at a location of their choice that consistently exceed expectations. Individually-tailored courses Since each course is tailored specifically for our audience, it can be assured that the information delivered is relevant to the clients business issues and resonates with their personnel through the integration of real-life examples taken from their financial statements. We have worked with companies of all sizes from small start-ups to large multinationals. Whether the client desires a one-day update course or a full-scope, tailored accreditation program, put our experience to work for their business.

Some of our more popular workshops and seminars are outlined below: IFRS Overview IFRS Immersion IFRS First-time Adoption IFRS Technical Update IFRS Financial Statements & Disclosures IFRS Business Combinations, Consolidations, Equity Method Investments IFRS Financial Instruments US GAAP Overview US GAAP Immersion US GAAP Technical Update US GAAP Business Combinations, Consolidations, Equity Method Investments US GAAP Financial Instruments Comparison of IFRS with US & Indian GAAP Overview of SEC Financial Reporting Requirements SEC Reporting Update Review of Sarbanes-Oxley Requirements Sarbanes-Oxley Section 404: Internal Control over Financial Reporting Governance and Compliance courses Specific technical topics (derivatives, M&A, taxes etc.) Industry-specific courses: IFRS/US GAAP for Manufacturing, Telecoms, IT, Pharmaceutical, Airline, Healthcare, Insurance, Oil & Gas, Energy, Banks, Public Sector, Real Estate, Construction etc.

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Diploma Programme
Diploma Programme from ACCA (UK) This programme enables professionals to get Diploma from ACCA (the Association of Chartered Certified Accountants in UK). ACCA is the largest and fastest-growing global professional accountancy body in the world, with over 320,000 members and students in 170 countries. The ACCA Diploma in International Financial Reporting (DipIFR) provides its clients' an understanding of the concepts and principles which underpin them, and of their application in the international marketplace. ATC International, official publishing partner of ACCA, provides the study material (DipIFR) and the course offered, is designed by PIRON and ATC to keep it flexible, so that the Diploma is being completed in three to six months. In addition to the courses, we continue to work with our clients to customize courses to meet the specific needs of their audience. Whether it be a fully integrated training course utilizing client-specific transactions and ledger accounts and financial statements, or simply modifying our existing course to conform to client-specific interests or time constraints, we strive to make each course one that is on-point and successful.

IFRS Course Materials

ATC International has for many years designed and produced its own training material for the ACCA professional examination scheme and also for tailored IFRS, ISA and other courses.

ACCA has exclusively approved ATC International to design, produce and distribute the study material for students taking the global English language version of the Diploma in International Financial Reporting.
The design, content and presentation are based largely on the experience of the needs of Global 4 audit firm trainees and corporate IFRS clients. The material is always intended for use both in the training room and for reference afterwards. When developing a tailored training solution, we meet with the persons responsible for financial reporting at an organization to ascertain their needs and expectations. Depending on time and/or cost constraints, we tailor courses by adding case studies and illustrations, usually taken from the annual report, that reflects the accounting issues impacting our clients. We can even add excerpts of accounting policies and/or journal entries to the training, to ensure that key areas of emphasis important to the preparers of the annual report are disseminated to the participants. Our material is not written by an isolated group of commissioned technical authors in the Europe or India but by the very tutors who deliver our courses. The material is always updated and remains current at all times.

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Delivery Models:
We provide following options in IFRS & US GAAP Training for India Region: OUR FACULTY Our teaching team includes over 20 expert instructors, each with the skills and qualities required to successfully present complex technical material to multinational audiences. Each of our instructors possesses deep technical knowledge, extensive international business experience and very importantly the ability to engage and communicate effectively with a diverse group of attendees. We provide following options in IFRS & US GAAP Training: 1. Indian Faculty PIRON Education has a team of highly experienced Indian Faculty members who carry combined experience of more than 100 years in accounting word. Our faculty members carry experience from diversified industries which gives us an edge to provide training in any specific industry. Our experts are always there to study its clients needs and address the programmes as per the requirement of their company. 2. Overseas Faculty from ATC International PIRON Education represents ATC International in South Asia. Over the past fifteen years, ATC International has established itself as the world's leading specialist provider of international accounting seminars (IFRS). With offices in 6 regions, ATC International have offered several public courses each year and various in-company training programmes. ATC International faculty panel consists of experienced personnels from Europe and other countries who travel around the world to deliver these programmes 3. Combination of Overseas & Indian Faculty To better meet the needs of individuals and companies, PIRON Education in alliance with ATC International has created a unique delivery model which consists of combination of Overseas and Indian faculty. This model ensures pricing to remain cost-effective for companies willing to get hands on experience of overseas experts as well. Once we understand the clients training needs, our experts design a format with which Overseas and Indian faculty can deliver best results ensuring world-class training in a cost effective manner. For further details on the public and in-house courses, please contact us at info@pironeducation.com or 011-42004801 PIRON Education Pvt. Ltd. (A division of PIRON Group)
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