About this Course

A set of globally recognised financial reporting standards is lifeblood of vibrant capital markets in particular and economy at large. It brings transparency, accountability and efficiency to financial markets and serves the public interest by fostering trust, growth and long-term financial stability in the global economy. Since the formation of Accounting Standards Board (ASB) in 1977, the Institute of Chartered Accountants of India (ICAI) has endeavoured to enable the Nation with a set of high quality financial reporting standards that are comparable to the best in the world

As a monumental step, in the year 2015, a set of 39 Ind AS was notified by the Ministry of Corporate Affairs (MCA) on 16 February, 2015, based on recommendations of ICAI along with the implementation roadmap. The roadmap laid down timelines for transitioning to Ind AS; for corporates, (voluntarily from 1st April, 2015 and mandatorily in a phased manner, phase I from 1st April, 2016 and phase II-from 1st April, 2017). With the implementation of Indian Accounting Standards (Ind AS), India’s Financial Reporting Framework has substantially converged with high quality globally acceptable International Financial Reporting Standards (IFRS Standards), known as gateway to Global Capital Markets

In order to fully derive the benefits of high quality financial reporting standards, there is a need to create an enabling environment for effective and smooth implementation of these standards. In this context, the ASB of ICAI recognises the role of training and knowledge upskilling of all stakeholders in the area of highly principle-based Ind AS Reporting Framework. Accordingly, it has been organising Ind AS Certification Course since 2011s. The ASB also wishes to inform its Members that this course shall impart a ‘reasonable / working level’ knowledge on the Indian Accounting Standards (Ind AS). Members are encouraged to seek an In-depth knowledge through self-study of the standards after undergoing this course & also by attending the ‘Deep Dive / Deeper Insight’ series of Refresher courses that are conducted by the ASB from time to time.