1. KPMG IN INDIA
Training solutions
Importance of Accounting Training • Train-the-Trainer sessions for internal training leaders of
International Financial Reporting Standards (IFRS) are rapidly the client
becoming the benchmark for the accounting world. In India, • Subject-matter specialist trainings on specific topics (for
the Ministry of Corporate Affairs (MCA) has issued a phased example: IAS 39 or AS 30 on financial instruments; income
roadmap for convergence with IFRS and the Institute of taxes, leases, etc., and
Chartered Accountants of India (ICAI) has already issued 35
• Workshop-type sessions with focus groups on
converged accounting standards, which have been notified
implementation issues in specific areas (for example
by the MCA. Accounting professionals and other business
revenue recognition, property, plant & equipment, financial
executives now need to understand and apply IFRS.
instruments, fair valuation),
Pending the transition to IFRS, Indian companies will continue
to deal with complexities under Indian GAAP Further,
.
Similarly, the range of our involvement includes:
companies preparing U.S. GAAP financial statements (for
foreign filing or parent reporting) need to stay on top of U.S. • Developing customized training and deployment as per the
GAAP developments. client’s specification
In addition to dealing with their own reporting requirements, • Providing trainers to deliver client-developed content
Business Process Outsourcing entities and Shared Service • Assisting the client in identification of training needs and
Centers (collectively, F&A entities), are increasingly servicing training calendar
international clients in the finance and accounting domain.
• Assisting the client in developing tests, to determine
All of this necessitates a continuous process of unlearning training effectiveness
and learning to keep pace with fast-changing accounting
• Development of accreditation programs to use as a quality
guidance.
assurance tool
• Developing e-learning content to be converted to
Our Training Experience
e-learning modules by an external e-learning vendor or
Accounting Advisory Services at KPMG in India (AAS) internal client teams
provides a range of training solutions in the area of IFRS, U.S.
GAAP Indian GAAP and basic accounting. We have access
, • Developing end-to-end e-learning content and modules.
to a suite of training materials and have delivered on training
projects for more than 10 years. Our training expertise can be highlighted through certain
recent case examples:
The scope of our services is tailored to meet the specific
• For an F&A entity, we were engaged to assist the
requirements of our clients and includes:
management in mapping the training requirements and
• General trainings on IFRS, U.S. GAAP and Indian GAAP developing a training calendar for more than 700 client
serving professionals. Along with the client, we identified
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved.

2. specific training topics relevant for these professionals. Our portfolio of training programs on IFRS also includes:
Subsequently, we tailored our suite of training material
• “Advanced Certificate Training Program on IFRS” in
to capture issues that were relevant for the client’s
collaboration with NIIT Imperia
businesses. Training was initially deployed using
classroom-type formats. Subsequently, workshops • Training program for the Diploma in International Financial
were organized for focus groups on specific issues such Reporting (DipIFR), awarded by the Association of
as investments, derivatives, securitization and loan loss Chartered Certified Accountants (ACCA), UK
impairment. Training material, along with speaker notes,
• Three-day detailed training programs on IFRS for
were posted on the client’s intranet to provide easy access
accounting professionals in different cities
for reference. We also assisted the client in developing
tests to evaluate the efficiency of the training and to • One-day sector-specific programs on IFRS for relevant
develop an accreditation program that was used as a professionals from the sector
quality assurance tool.
• Standard IFRS e-learning material
• We have supported several Indian banks and financial
• Training programs on specialized topics like Financial
institutions with their training initiatives. These include
Instruments and IFRS for Insurance Companies in the
training programs for senior management, middle
“KPMG IFRS Classroom Series” held at our own Training
,
management and implementation teams. The trainings
Rooms across cities.
have covered overview of IFRS, how IFRS affects Indian
banks and financial institutions, the convergence situation
in India, the key issues faced and practical approaches to About KPMG:
convergence. KPMG is a global network of professional firms providing
• For an F&A entity, we worked closely with management Audit, Tax and Advisory services. We operate in 146 countries
to develop e-learning content for IFRS, including the story and have 137 ,000 people working in member firms around
board and related material. As per the project plan, we the world. The Indian member firms affiliated with KPMG
worked closely with the internal e-learning development International were established in September 1993. KPMG
teams of the client to convert the e-learning content into has offices in India in Mumbai, Delhi, Bangalore, Chennai,
an e-learning format. This training was deployed to large Hyderabad, Kolkata, Pune, Chandigarh and Kochi providing
groups of identified employees within the client’s F&A services to over 5,000 international and national clients.
practice. All e-learning modules include a test at the end
KPMG in India’s dedicated AAS practice provides IFRS and
to check understanding of the topic and for successful
other accounting advisory services to a number of Indian
candidates a certificate is generated.
clients across different sectors of the economy. AAS has
• For certain investment banks, we have designed and completed several IFRS implementation projects and is
delivered specialized training for their research teams. currently working with more than 150 companies as they
These training programs have helped professionals to implement IFRS. AAS employs highly skilled professionals
improve not only their knowledge but also their job- with industry experience in all sectors and experience
effectiveness. on accounting advisory, training, audit, due diligence and
securities offering assignments in India and abroad. AAS also
• For several business schools, we conduct a customized
has access to a large pool of developers and trainers who
two day training program for MBA students
enhance their training skills at periodically organized special
• On a routine basis, we customize and present in-house workshops. AAS has also launched the IFRS Institute website
corporate trainings to clients across industries and (www.in.kpmg.com/ifrsinstitute) to provide free information
sectors. to various stakeholders in the planned convergence from the
Indian GAAP to IFRS.
Contact us
Ram Iyer
Accounting Advisory Services
Director
M: + 91 98206 08751
E: rgiyer@kpmg.com The information contained herein is of a general nature and is not intended to address the
circumstances of any particular individual or entity. Although we endeavour to provide accurate
and timely information, there can be no guarantee that such information is accurate as of the
Chandrashekhar Balasubramaniam date it is received or that it will continue to be accurate in the future. No one should act on such
Accounting Advisory Services information without appropriate professional advice after a thorough examination of the particular
situation.
Associate Director
© 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent
M: + 91 98906 35775 member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss
E: cbalasubramaniam@kpmg.com entity. All rights reserved. KPMG and the KPMG logo are registered trademarks of KPMG
International Cooperative (“KPMG International”), a Swiss entity. The KPMG name, logo and
“cutting through complexity” are registered trademarks or trademarks of KPMG International.
kpmg.com/in Printed in India.