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Talentedge

Executive Certificate Program in Financial Accounting & Auditing

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About the course

Learn about application & impact of Indian Accounting Standards The primary objective of the program is to enable participants to obtain practical insights into the application & impact of the Indian Accounting Standards on financial reporting, audit, internal control, and other financial processes in organizations.

A short quiz covering the fundamentals of accountancy and business finance shall be administered prior to the commencement of the program. Participants who obtain the cut-off score for the program shall gain direct entry into the Advanced Module.

The Advanced Module has been designed to fill a significant gap in the alternatives available to finance and audit professionals for continuing upgradation of their skills. The key topics that will be covered include the Ind-AS, Auditing & Control Mechanisms. The program also has special modules dedicated to applying Cost Audits, Internal Audits, and Statutory Audits for maintaining effective control over the activities and processes of an organization.

How it works

The classes for this program will be through LIVE lectures that will be beamed online via internet to student desktops/laptops or classrooms using Talentedge’s Direct To Device platform. The pedagogy will comprise of lectures and case discussions imparted by XLRI’s eminent faculty. Select industry experts would also be included to provide practical insights.

This program follows a unique pedagogy in its treatment and coverage of the Ind-AS. For each Ind-AS covered in the program, contents of the standard, its requirements from financial reporting, audit, internal control point of view, and their implications for corporate financial decision making shall be dealt with.

In addition to the highly experienced and reputed faculty of XLRI covering the program, a significant number of sessions will be handled by practicing industry experts. This will give the participants an enriched insight into practical considerations related to the topics covered.

*Assessment *

Prerequisites for obtaining a certificate of completion are 80% attendance and completion of evaluation assignments. Participants who have attendance between 60%-80% and have completed the evaluation assignments shall receive a certificate of participation. The evaluation assignments maybe in the form of a quiz, assignment or other objective/subjective assessments.

Syllabus

Modules Covered

Module I: Legal Framework

Module II: Indian Accounting Standards (Ind-AS) in Detail

  • Financial Statement Presentation & Reporting Policies
  • Select Issues in Reporting of Income Statements
  • Specific Issues Related to Balance Sheet Reporting
  • Presentation & Reporting of Cash Flow Statements
  • Special Considerations in Financial Reporting

Module III: Financial Analysis, Budgeting & Forecasting Technique covering Advanced Financial Analysis, Forecasting Techniques, Interim Financial Statements

Module IV: Statutory Audit – Features & Implications

Module V: Creative Accounting Practices – “Managing” the Numbers

Module VI:The Advanced Concepts in Corporate Accounting

  • Consolidated Financial Statements
  • Accounting for Business Combinations

Module VII: Analysis of Annual Reports- A Real-Life Case Based Approach

  • Case I : Manufacturing Company
  • Case II: Trading Company
  • Case III: Service Sector Company

Module VIII: Other Audit & Control Mechanisms covering Cost Audit, Internal Audit Mechanism, Tax Audit

Who should attend

Professionally qualified Chartered Accountants, Company Secretaries or Cost Accountants

CFO’s and Senior Finance Ocials who have completed the intermediate level of the Chartered Accountants, Company Secretaries or Cost Accountants with a minimum of 3 years of work experience in the accounting, audit or corporate finance domains.

Trust the experts

Santosh Sangem

Dr. Sangem has been associated with XLRI, Jamshedpur since 2009. He has been a faculty of finance at Indian and International campus as well. He has provided training to Indian corporates, to name a few, Accenture, Capgemini, L&T, Madura, NHPC, NTPC, and Viacom18. His areas of interest includ...

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Ram Kumar Kakani

Ram has recently got associated with IIM Kozhikode. Earlier, he was associated with XLRI Jamshedpur for the past 18 years. Prior to that, he started his career as a technocrat in the corporate manufacturing sector and then gradually moved towards the academic sector with a focus towards honing as...

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