Financial Reporting Training Course

The Indian Institute of Management Calcutta (IIM-C) and audit firm Pricewater house Coopers (PwC) have tied up to train professionals in International Financial Reporting Standards .The two organisations signed a memorandum of understanding (MoU) to provide this training to address the existing demand-supply gap in the country for IFRS-trained professionals.The training would be divided into two parts - basic and advanced module.The course module has been jointly developed by IIM-C and PwC and will be taught jointly by ‘our own faculty and by finance experts from PwC.Convergence with IFRS has gained momentum in recent years all over the world. More than 100 countries currently require or permit the use of or have a policy of convergence with IFRS.The Institute of Chartered Accountants of India (ICAI) has announced that IFRSs should be adopted for all public interest entities like listed entities, banks and insurance entities and large-sized entities from the accounting periods beginning on or after April 1, 2011.