Diploma in international fi nancial reporting

1 KPMG IN INDIA. Diploma in international nancial reporting international Financial reporting Standards (IFRS), issued by creating a uniform accounting platform. These developments the international accounting Standards Board (IASB), is rapidly have placed the onus on nance professionals to equip becoming the benchmark for the accounting world. themselves with knowledge of IFRS and to be prepared to handle the changing accounting scenario. Convergence with IFRS has gained momentum in recent years and accounting bodies across the globe are aligning their To offer a credible and globally recognised quali cation on existing accounting standards and/or issuing new accounting IFRS, the Association of Chartered Certi ed Accountants standards to conform with IFRS.

2 By 2011, 150 countries, (ACCA) has launched Diploma in international Financial including China, Brazil and Korea, are scheduled to converge reporting (DipIFR) .The ACCA is a global body for professional with/adopt IFRS. In India, the Ministry of Corporate Affairs accountants based in the It has 147,000 members (MCA) has already noti ed 35 Indian accounting standards and 424,000 students and supports them throughout their converged with IFRS (Ind AS)1. Finance professionals not careers, providing services through a network of 83 of ces already familiar with the principles of IFRS will be faced with and active centres.

3 Seventy two percent of ACCA members the challenge of developing a working knowledge of IFRS as and students are based outside the UK. quickly as possible. The IASB is also currently engaged in an KPMG is pleased to announce its third intensive classroom ongoing convergence program with the Financial accounting training program spread over 18 sessions of three hours each Standards Board (FASB), the standard-setting body in the USA, to prepare candidates for the DipIFR exam. to eliminate differences between IFRS and US GAAP thus 1.

4 The Institute of Chartered Accountants of India (ICAI). 2011 KPMG, an Indian Partnership and a member rm of the KPMG network of independent member rms af liated with KPMG international Cooperative ( KPMG international ), a Swiss entity. All rights reserved. About DipIFR. DipIFR is useful for quali ed professional accountants Eligibility and other professionals experienced in Indian GAAP and Chartered accountants and other accounting professionals addresses international nancial reporting and rst time are eligible to take the exam.

5 Of cial documentation is application of IFRS. DipIFR is designed to develop an required. The following are also eligible: individual's knowledge of IFRS providing an understanding of the concepts and principles which underpin them, and A relevant degree plus two years' work experience*. their application in the international marketplace, thereby Three years' work experience*. preparing him / her for working in the IFRS environment. ACCA Certi cate in international Financial reporting plus two years' work experience Objective *Experience letter to be attached to registration form On completion of DipIFR training, individuals should be able to.

6 Assessment understand and explain the structure of the framework of international accounting DipIFR will be assessed by a single three-hour written exam, which is held twice a year in June and December at the apply relevant nancial reporting standards to key ACCA's exam centres, including in India. The pass mark is 50. elements of nancial reports percent. The exam contains two sections and has a mix of identify and apply disclosure requirements for companies calculations and written answers. Some questions adopt a in nancial reports and notes scenario / case study approach.

7 Prepare group nancial statements (excluding group The assessment will be held on 13 December 2011 across cash- ow statements) including subsidiaries, associates various centres within India. and joint ventures. Completion Registration Successful candidates are awarded the DipIFR . For the December 2011 exam, registration forms and all quali cation by the ACCA. supporting documentation should be submitted to the ACCA. Further details regarding the exam are available on by 18 October 2011. cations/glance/dipifr.

8 Html 2011 KPMG, an Indian Partnership and a member rm of the KPMG network of independent member rms af liated with KPMG international Cooperative ( KPMG international ), a Swiss entity. All rights reserved. Programme Highlights Programme Fee and Schedule Fifty four hours hours of intensive and interactive The programme fee (exclusive of service tax) is Rs. 24,000/- . classroom training over 18 sessions Fee includes all necessary study material but excludes the exam registration fees payable to the ACCA for the DipIFR.

9 The programme covers the entire syllabus of Diploma in exam. Rebates shall be available for group enrolments. IFRS awarded by the ACCA of UK. The program will be conducted from 4 October, 2011 to Program conducted by experienced professionals from 22 November, 2011 at the KPMG Of ce Training Room in KPMG in India Mumbai, Delhi, Bengaluru, Hyderabad, Kolkata, Pune and Chennai. Study material sourced from Get Through Guides (GTG), a leading publisher for this exam The program will be conducted as per the tentative schedule given below (subject to change as per the requirements of the Each session will cover the theoretical aspects of each participants at the respective locations).

10 Topic as well as the practical application issues Access to the study material and question bank Number Day Date Time Mock exams to gauge the level of understanding and preparedness before the nal exam Day 1 Tuesday 4 October 2011 6 pm to 9 pm Day 2 Saturday 8 October 2011 10 am to 1 pm Day 3 Tuesday 11 October 2011 6 pm to 9 pm Day 4 Thursday 13 October 2011 6 pm to 9 pm Day 5 Saturday 15 October 2011 10 am to 1 pm Day 6 Tuesday 18 October 2011 6 pm to 9 pm Day 7 Thursday 20 October 2011 6 pm to 9 pm Day 8 Saturday 22 October 2011 10 am to 1 pm Day 9 Saturday 29 October 2011 10 am to 1 pm Day 10 Tuesday 1 November 2011 6 pm to 9 pm Day 11 Thursday 3 November 2011 6 pm to 9 pm Day 12 Saturday 5 November 2011 10 am to 1 pm Day 13 Tuesday 8 November 2011 6 pm to 9 pm Day 14 Saturday 12 November 2011 10 am to 1 pm Day 15 Tuesday 15 November 2011 6 pm to 9 pm Day 16 Thursday 17 November 2011 6 pm to 9 pm Day 17 Saturday 19 November 2011 10 am to 1 pm Day 18 Tuesday 22 November 2011 6 pm to 9 pm The