Announcing launch of Module 1 of online Refresher Course – ‘Deeper Insight into Financial Instruments (Ind AS)’

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Please find the text of the Announcing launch of Module 1 of online Refresher Course – ‘Deeper Insight into Financial Instruments (Ind AS)’. notification below –


Accounting Standards Board
16th March 2022
Announcing launch of Module 1 of online Refresher Course – ‘Deeper Insight into Financial Instruments (Ind AS)’

Module 1: Financial instruments – Presentation, Classification & Effects of changes in FX Rates

Details pertaining to Module are as under: –
DayTopicCoverageDateTimeFaculty Name
Day 1Introduction to financial instruments & Overview of derivativesRelevant accounting standards Applicability of Ind AS for financial institutions

Applicability of Guidance Note on derivatives

Scope of the standards & Exemptions non-financial assets coverage Definition of financial assets/liabilities Various types of financial instruments Overview of derivatives

Derivatives accounting-In brief
7th May 2022 (Saturday)10 am to 1 pm (IST)CA. Raghu Iyer
Day 2Equity Vs. Liability classification principlesDefinition of Equity

Classification of Equity Vs. Liability Puttable Instruments

Compound Instruments Carveout in Ind AS 32 Hybrid Instruments Treasury Shares Puttable instruments

Compulsorily convertible instruments Treatment of interest, dividend, gains and losses

Offsetting financial assets / financial liabilities

Other Comprehensive Income – conceptual

understanding
8th May 2022 (Sunday)10 am to 1 pm (IST)CA. Amit Jain
Day 3Classification of financial assets and financial liabilitiesClassification of financial assets SPPI test

Business Model Objective  Effective Interest Rate Classification of financial Liabilities Fair Value Option

Treatment of own credit risk Financial Guarantees accounting
14th May 2022 (Saturday)10 am to 1 pm (IST)CA. R Venkata Subramani
Day 4Expected credit loss – Overview of Methods & ModelsTheory of Expected Credit Loss Explanation of PD, LGD and EAD Various Methods and Models

How to use forward looking macro- economic factors

How to build multiple scenarios Practical case studies

Transition Matrix Method – Markov Chain Model
15th May 2022 (Sunday)10 am to 1 pm (IST)CA. R Venkata Subramani
Day 5Expected credit loss – practical case studies

Effects of changes in FX Rates Disclosures
Discounted Cash Flow Method ECL for Project Loans

ECL for receivables using simplified approach

COVID-19 Scenarios

Functional currency & Presentation currency

Foreign currency transactions Monetary & Non-monetary assets Comparison of AS 11 Vs. Ind AS 21 Guidance Note on derivatives Disclosures for Presentation, Financial instruments, Expected Credit Loss and Effects of changes in FX Rates
21st May 2022 (Saturday)10 am to 1 pm (IST)CA. Mohan Lavi

Payment Link for Module 1: https://learning.icai.org/committee/asb/refresher-course-on-indas-difipcec-module1/

Total sessions – 5 || Session Duration – 3 hours per session (includes session break as decided by the faculty).

This course is for: –
1. Members who have already completed or are currently undergoing the ‘Certificate Course on Indian Accounting Standards (Ind AS)’

2. Members who have experience in Ind AS and would like to have a deeper insight into Financial Instruments.

3. Members who would like to quench their intellectual curiosity on Ind AS.

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CPE – 15 Structured || Cost – Rs. 1200 + 18% GST (i.e., Rs. 1416/-).

It may be noted that physical copies of the books WILL NOT be provided with the course. PPTs and recorded sessions (post completion of LIVE sessions) shall be made available via the Digital Learning Hub (learning.icai.org) of ICAI.

Registration will be on “first-come, first-serve basis”. In case refund/admission cancellation request has been received from the member for any reason, 10% of gross fee paid (inclusive of GST) will be deducted as per norms of ICAI. No refund request will be entertained after 6th May 2022. In case, batch has been cancelled by the Committee due to unavoidable circumstances, full fees will be refunded to the member by the Committee. In case of any query, kindly email [email protected]ai.in

With Warm Regards,
Chairman, Accounting Standards Board

Official Link of Announcing launch of Module 1 of online Refresher Course – ‘Deeper Insight into Financial Instruments (Ind AS)’. notification can be accessed from below –

https://resource.cdn.icai.org/69673asb160322.pdf

That’s all for now. Stay Connected for more authentic updates.

Jai Hind, Vande Mataram
Team CA Study

Announcing launch of Module 1 of online Refresher Course - ‘Deeper Insight into Financial Instruments (Ind AS)’ 1
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