Introduction Large number companies all over the world are using the International Financial Reporting Standards (IFRS) Managers are required to appreciate the various measurement and presentation issues as per the IFRS. The course will make attempt to provide a broad overview of the IFRS along with a critical examination of the some of the important standards. Objectives of course · To understand the principles underlying the new standards · To understand the difference between IFRS and the Indian Accounting Standards · To critically examine some of the important standards Topics 1. Introduction to IFRS 2. Accounting for Fixed assets: Depreciation, Impairment, Revaluation 3. Accounting for Foreign Currency Transactions 4. Accounting for Financial Instruments: Debt/equity classification, Hybrid instruments, Derivative instruments 5. Accounting for equity based payments (ESOP and other related items) 6. Accounting for Business Combinations (Mergers and Acquisition) 7. Group Accounting: Consolidation of Financial Statements Reference Book · IFRS: Taxman Publication · Articles to be distributed during the session Evaluation · Individual Assignment: Analysis of the companies using IFRS · Term Paper · End Term Created By: Debasis Mohanty on 07/29/2009 at 10:28 AM Category: PGDM-II Doctype: Document