Certified IndAS Professional

Course details

Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) having representatives from a government department, academicians, other professional bodies viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc.

Why should one take IndAS Certification?
This course is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression.

Earning Vskills IndAS Certification can help candidate differentiate in today's competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential.

Who will benefit from taking IndAS Certification?
Job seekers looking to find employment in accounting or finance departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this ;
 
Benefits of Certification

• Government certification
• Certification valid for life
• Lifelong e-learning access
• Learning Hours: 12+ hrs

 
How It Works

1. Select Certification & Register
2. Receive Online e-Learning Access (LMS)
3. Take exam online anywhere, anytime
4. Get certified & Increase Employability

Test Details

• Duration: 60 minutes
• No. of questions: 50
• Maximum marks: 50, Passing marks: 25 (50%).
• There is NO negative marking in this module.
• Online exam.

 
TABLE OF CONTENT

 
Introduction to Ind AS

• Accounting Standards
• Global Standardization and IFRS
• Enterprise Classification
• Ind AS Basics
• Ind AS 101 First-time Adoption of Indian Accounting Standards

Ind AS Assets Recognition and Measurement

• Ind AS 2 Inventories
• Ind AS 16 Property, Plant and Equipment
• Ind AS 116 Leases
• Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance
• Ind AS 23 Borrowing Costs
• Ind AS 36 Impairment of Assets
• Ind AS 38 Intangible Assets
• Ind AS 40 Investment Property
• Ind AS 105 Non-Current Assets held for Sale and Discontinued Operations

Ind AS Liabilities Recognition and Measurement

• Ind AS 12 Income Taxes
• Ind AS 19 Employee Benefits
• Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets
• Ind AS 102 Share-based Payments

Ind AS Revenue

• Ind AS 115 Revenue from Contracts with Customers

Ind AS Financial Instruments

• Ind AS 32 Financial Instruments Presentation
• Ind AS 109 Financial Instruments
• Ind AS 107 Financial Instruments Disclosure

Ind AS Business Structures and Consolidations

• Ind AS 27 Separate Financial Statements
• Ind AS 28 Investment in Associates & Joint Ventures
• Ind AS 103 Business Combinations
• Ind AS 110 Consolidated Financial Statements
• Ind AS 111 Joint Arrangements
• Ind AS 112 Disclosure of Interest in Other Entities

Ind AS Disclosures and Measurements

• Ind AS 24 Related Party Disclosure
• Ind AS 108 Operating Segments
• Ind AS 113 Fair Value Measurement

Ind AS Financial Statements and Reporting

• Ind AS 1 Presentation of Financial Statements
• Ind AS 7 Statement of Cash Flows
• Ind AS 8 Accounting Policies, Changes in Accounting Estimates and Errors
• Ind AS 10 Events after Reporting Period
• Ind AS 33 Earnings Per Share
• Ind AS 34 Interim Financial Reporting

Miscellaneous

• Ind AS 21 The effects of changes in Foreign exchange rates
• Ind AS 29 Financial reporting in hyperinflationary economies
• Ind AS 41 Agriculture
• Ind AS 106 Exploration for and Evaluation of Mineral resources
• Ind AS 104 Insurance contracts
• Ind AS 114 Regulatory Deferral Accounts

Updates

• Ind AS Updates
• Superseded Ind AS

Updated on 21 December, 2023