EY IFRS course

Covering the syllabus

of ACCA’s Diploma
in IFRS
eLearning
Prepare to deal with complex
requirements of IFRS

About the course

EY IFRS course is designed around the syllabus of the ACCA’s Diploma In IFRS program, the objective of which is to help
participants prepare for the Diploma in IFRS examination conducted by the ACCA.
With Ind-AS now a reality, all listed companies and other companies with net worth of more than INR250 crore along with
group entities are mandatorily required to apply Ind-AS in preparation of financial statements. Considering the need and
scope, it is now critical for all accounting and finance professionals to understand the accounting standards in the Ind-AS
framework, and the related practical application issues. Accordingly, while covering different IFRS’s for preparing you to sit
for ACCA’s Diploma In IFRS Program, we will also cover important differences between IFRS and corresponding Ind-AS in
every module. The detailed list of the standards can be found later in this brochure.

Objective of ACCA’s Diploma in IFRS

On completion of the certificate, candidates should be
able to:
► Understand and explain the structure of the framework of IFRS

► Apply relevant financial reporting standards to key elements of financial reports

► Identify and apply disclosure requirements for companies in financial reports and notes
► Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint
ventures

About ACCA’s Diploma in IFRS

Diploma In IFRS by the ACCA (The Association of Chartered Certified Accountants) is one of the most respectable and
appreciated qualification in IFRS across the globe. The course is designed to develop your knowledge and understanding of
International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles
which underpin them, and their application in India and the international marketplace.

Who should take this course?

► Chartered Accountants, company secretaries, management accountants and other finance professionals
► Accountants, finance managers, chief accountants
► Private equity and M&A professionals
► MBA finance working in accounting domain
► Semi qualified CA, CS, management accountants working in accounting domain

2 EY IFRS Training Course

Course coverage (standards covered)
IFRS Ind-AS Details
IAS 1 Ind-AS 1 Presentation of Financial Statements
IAS 12 Ind-AS 12 Income Taxes
IAS 16 Ind-AS 16 Property, Plant and Equipment
IAS 19 Ind-AS 19 Employee Benefits
IAS 20 Ind-AS 20 Accounting for Government Grants and Disclosure of Government assistance
IAS 21 Ind-AS 21 The Effects of Changes in Foreign Exchange Rates
IAS 23 Ind-AS 23 Borrowing Costs
IAS 27 Ind-AS 27 Separate Financial Statements
IAS 28 Ind-AS 28 Investments in Associates and Joint Ventures
IAS 32 Ind-AS 32 Financial Instruments: Presentation
IAS 33 Ind-AS 33 Earning per share
IAS 36 Ind-AS 36 Impairment of Assets
IAS 37 Ind-AS 37 Provisions, Contingent Liabilities and Contingent Assets
IAS 38 Ind-AS 38 Intangible Assets
IFRS 1 Ind-AS 101 First-time Adoption of International Financial Reporting Standads
IFRS 2 Ind-AS 102 Share-based Payment
IFRS 3 Ind-AS 103 Business Combinations
IFRS 5 Ind-AS 105 Non-current Assets Held for Sale and Discontinued Operations
IFRS 7 Ind-AS 107 Financial Instruments: Disclosures
IFRS 9 Ind-AS 109 Financial Instruments
IFRS 10 Ind-AS 110 Consolidated Financial Statements
IFRS 11 Ind-AS 111 Joint Arrangements
IFRS 12 Ind-AS 112 Disclosure of Interest in Other Entities
IFRS 15 Ind-AS 115 Revenue from Contract with Customers
IFRS 16 Ind-AS 116 Leases
IAS 2 Ind-AS 2 Inventories
IAS 8 Ind-AS 8 Accounting Policies, Changes in Accounting Estimates &Errors
IAS 10 Ind-AS 10 Events after the Reporting Period
IAS 24 Ind-AS 24 Related Party Disclosures
IAS 40 Ind-AS 40 Investment Property
IAS 41 Ind-AS 41 Agriculture
IFRS 6 Ind-AS 106 Exploration for and Evaluation of Mineral Resources
IFRS 8 Ind-AS 108 Operating Segments
IFRS 13 Ind-AS 113 Fair Value Measurement
IAS 34 Ind-AS 34 Interim Financial Reporting
IAS 7 Ind-AS 7 Statement of Cash Flows

3 EY IFRS Training Course

Eligibility for registering with ACCA for Diploma in IFRS examination
The EY IFRS course can be attended by graduates with an accounting background. However, to register for the ACCA’s
Diploma In IFRS program, the eligibility criteria are as follow:
► If you are a professional accountant or auditor who works in practice or business and are qualified according to national
accounting.
► If you are working professional, but not yet qualified, then you may still be eligible. You will need to prove that you have
one of the following:
► Three years’ relevant accounting experience (by submitting a letter from your employer)
► A relevant degree plus two years’ work experience
► An ACCA Certificate in International Financial Reporting plus two years’ work experience

Course facilitators
Sessions are recorded by senior professionals from member firms of EY and industry experts, who have extensive
training experience, as well as experience of IFRS conversion engagements. Facilitators will also share global best practices
and perspectives to provide a holistic understanding of the challenges related to the transition to IFRS.

ACCA’s Diploma in IFRS examination

Diploma In IFRS examinations are held twice every year in June and December. Diploma In IFRS is a program designed and
owned by ACCA, its examination is conducted by ACCA. EY or its personnel have no role in the conduct or outcome of the
Diploma In IFRS examinations.
Examination centres are in most of the major cities of India.
Participants who wish to sit for Diploma In IFRS Exam conducted by ACCA will be required to additionally pay the exam fee
directly to ACCA.
For additional information on ACCA or Diploma In IFRS please visit www.accaglobal.com.

4 EY IFRS Training Course

Course deliverables
► 55 hours of interactive study of IFRS through recorded videos
► 6 months of LMS access
► Presentations and publications
► Assessments
► Other relevant material
► Certificate of completion
► Query support through dedicated email

Assessment and Certification

EY will award “Certificate of Completion” to participants at the end of the program.
► Assessment would be based on MCQ’s
► Participant needs to achieve a minimum score of 50% to pass the exam
► All participants who meet the above criteria would be awarded a certificate of completion

Course fee: Our other flagship programs:

INR 15,000 plus taxes ► Certificate in Exploratory Analytics in Python e-learning
► Certificate in Finance for Non-Finance Managers
► Certificate in Blockchain Technology
► Certificate in Data Visualization Using Tableau
Contact Certificate in Business Intelligence with Power BI
►

For more information contact: ► Certificate in Advance Analytics using R

Shubhi Shukla ► Certificate in Lean Six Sigma Green Belt
E: [email protected] ► Certificate in Predictive Analytics in Python
M: + 91 95820 58400
► Certificate in Artificial Intelligence and Machine Learning
in Python
► Certificate in Ind AS
► Certificate in Financial Modelling and Valuation

5 EY IFRS Training Course

About EY Learning Solutions
In today’s testing business environment, with organizational transformation and regulatory change constant features, a
flexible and cost-effective workforce is critical. High-quality training is a crucial element of innovative talent management, to
improve performance and ensure that your teams can respond to today’s challenges and are equipped for career success.
We, at EYFAAS, realized this need and accordingly we have set up a dedicated “Learning Solution” practice to help corporate
and practicing professionals to deal with new requirements. FAAS Learning Solutions supplements EY’s primary range of
services and provide business specific training solutions for our clients and business communities throughout India, Europe,
the Middle East and Africa. This is done with the help of a multidisciplinary team of trainers from around the world. As a
globally integrated firm, we bring global insight to our training programs.
All training programs are regularly updated to reflect changing trends and guidance. Our practical, relevant and stimulating
courses are facilitated by highly competent trainers who have first-hand knowledge of the subject matter. We recognize that
each client will have a different history, size, location and sector; therefore, programs can be tailored to specific needs of
your business.

For details contact

Furqan Warsi Anand Akhouri

Director Senior Manager
Email: [email protected] Email: [email protected]

6 EY IFRS Training Course

Our offices
Ahmedabad Hyderabad
22nd Floor, B Wing, Privilon, THE SKYVIEW 10
Ambli BRT Road, Behind Iskcon 18th Floor, "Zone A"
Temple, Off SG Highway, Survey No 83/1, Raidurgam
Ahmedabad - 380 015 Hyderabad – 500032
Tel: + 91 79 6608 3800 Tel: + 91 40 6736 2000

Bengaluru Jamshedpur
6th, 12th & 13th floor 1st Floor, Shantiniketan Building
“UB City”, Canberra Block Holding No. 1, SB Shop Area
No.24 Vittal Mallya Road Bistupur, Jamshedpur – 831 001
Bengaluru - 560 001 Tel: + 91 657 663 1000
Tel: + 91 80 6727 5000
Kochi
Ground Floor, ‘A’ wing 9th Floor, ABAD Nucleus
Divyasree Chambers NH-49, Maradu PO
# 11, O’Shaughnessy Road Kochi - 682 304
Langford Gardens Tel: + 91 484 433 4000
Bengaluru - 560 025
Tel: + 91 80 6727 5000 Kolkata
22 Camac Street
Chandigarh 3rd Floor, Block ‘C’
Elante offices, Unit No. B-613 & 614 Kolkata - 700 016
6th Floor, Plot No- 178-178A, Tel: + 91 33 6615 3400
Industrial & Business Park, Phase-I,
Chandigarh - 160002 Mumbai
Tel: + 91 172 671 7800 14th Floor, The Ruby
29 Senapati Bapat Marg
Chennai Dadar (W), Mumbai - 400 028
Tidel Park, 6th & 7th Floor Tel: + 91 22 6192 0000
A Block, No.4, Rajiv Gandhi Salai
Taramani, Chennai - 600 113 5th Floor, Block B-2
Tel: + 91 44 6654 8100 Nirlon Knowledge Park
Off. Western Express Highway
Delhi NCR Goregaon (E)
Golf View Corporate Tower B Mumbai - 400 063
Sector 42, Sector Road Tel: + 91 22 6192 0000
Gurgaon - 122 002
Tel: + 91 124 443 4000 Pune
C-401, 4th floor
3rd & 6th Floor, Worldmark-1 Panchshil Tech Park
IGI Airport Hospitality District Yerwada
Aerocity, New Delhi - 110 037 (Near Don Bosco School)
Tel: + 91 11 4731 8000 Pune - 411 006
Tel: + 91 20 4912 6000
4th & 5th Floor, Plot No 2B
Tower 2, Sector 126
NOIDA - 201 304
Gautam Budh Nagar, U.P.
Tel: + 91 120 671 7000
Ernst & Young Associates LLP
EY | Assurance | Tax | Transactions | Advisory

About EY
EY is a global leader in assurance, tax,
transaction and advisory services. The
insights and quality services we deliver help
build trust and confidence in the capital
markets and in economies the world over.
We develop outstanding leaders who team
to deliver on our promises to all of our
stakeholders. In so doing, we play a critical
role in building a better working world for
our people, for our clients and for our
communities.
EY refers to the global organization, and
may refer to one or more, of the member
firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst &
Young Global Limited, a UK company limited
by guarantee, does not provide services to
clients. For more information about our
organization, please visit ey.com.
Ernst & Young Associates LLP is one of the Indian client serving
member firms of EYGM Limited. For more information about our
organization, please visit www.ey.com/en_in.

Ernst & Young Associates LLP. is a Limited Liability Partnership,

registered under the Limited Liability Partnership Act, 2008 in
India, having its registered office at 22 Camac Street, 3rd Floor,
Block C, Kolkata – 700016

© 2020 Ernst & Young Associates LLP. Published in India.

All Rights Reserved.

EYIN2008-008
ED None

This publication contains information in summary form and is

therefore intended for general guidance only. It is not intended to
be a substitute for detailed research or the exercise of professional
judgment. Neither EYGM Limited nor any other member of the
global Ernst & Young organization can accept any responsibility for
loss occasioned to any person acting or refraining from action as a
result of any material in this publication. On any specific matter,
reference should be made to the appropriate advisor.

JG