This is an exhaustive course that covers all the aspects of Ind AS 21 Effects of changes in foreign exchange rates.  The course consists of eight lessons that covers the objectives, scopes & benefits, functional currency, foreign operations, presentation currency, monetary & non-monetary assets, recognition & measurement of foreign currency transactions, treatment of exchange differences in the books of accounts, methodology for translation to presentation currency and certain other miscellaneous topics like intra-group transactions, goodwill as well as treatment of disposal of foreign operations.  There is also an assignment which the student is required to complete before getting the certificate for completing the course.

Please use the enrollment key: IndAS21Free [case sensitive]

Ind AS 32 deals with the definition of a financial asset and a financial liability and amplifies the classification of financial liability and equity. The classification between financial liabilities and equity components is extremely important as it affects the manner in which the financial instruments are presented in the balance sheet. Also the income and expenses arising on account of such financial instruments affect the profit and loss account depending upon the classification. Ind AS 32 throws light on the issues about the presentation of interest and dividends. 

This course is a very comprehensive one that explains of the nuances faced by an entity during first time adoption.  This course explains the objective of Ind AS 101, the steps required and also explains the components of the first Ind AS compliant financial statements.  The mandatory exceptions and the optional exemptions are explained in great detail with practical examples and illustrations in a very lucid manner.  The assignment involves case study that covers almost all the practical issues faced by an entity during first time adoption.  

This is a comprehensive course that covers in greater detail the issues relating to the initial recognition, classification, measurement and subsequent measurement of financial instruments.  The new requirements relating to derecognition are also covered in this course.  

This course covers all the aspects involved in accounting for financial instruments in terms of classification, recognition, subsequent measurement, impairment and derecognition. This course also deals with the nuances of embedded derivatives and covers in great detail the new impairment model which is also known as expected credit loss model.  There is also an assignment which the student is required to complete before getting the certificate for completing the course.

This course deals with all the three types of hedges viz., fair value hedge, cash flow hedge and hedge of a net investment in foreign operations.  The qualifying criteria for the continuance of hedge accounting, hedge effectiveness requirements and accounting treatment for hedging both financial instruments as well as non-financial assets are covered with exhaustive illustrations.  The treatment of time value / forward points in derivatives and accounting for the time value of options contract / forward contracts and rebalancing a hedge by changing the hedge ratio are covered in this course. The accounting treatment for the discontinuation of hedging is also covered in this course. There is also an assignment which the student is required to complete before getting the certificate for completing the course.