Presentation on "KPMG Course for Accounting Professionals"

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Presentation on "KPMG Course for Accounting Professionals"

  1. 1. KPMG’s LearningSolutions - KPMGCourse for AccountingProfessionalsJune, 2012
  2. 2. Contents KPMG Course for Accounting Professionals About us KPMG Advantage Appendix© 2012 KPMG, an Indian Partnership and a member firm of the KPMG network of independent 1member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swissentity. All rights reserved.
  3. 3. KPMG Course ForAccountingProfessionals
  4. 4. KPMG Course for Accounting Professionals (1/3) In order to upgrade the skills of existing team and providing the training to new joiners in financial accounting and reporting we wish to offer “KPMG Course for Accounting Professionals”. This course provides detailed understanding of core concepts of accounting along with practical insight. Nature: A course in General accounting providing understanding of:  Practical aspects of accounting  Industry specific practices Product Details  Preparation and presentation of financial statements  Basic understanding of IFRS  Basic concepts of direct and indirect taxation Duration: 400 hours Certification by KPMG on clearing the exam conducted by KPMG Certification Certificate of participation for all participants subject to 90 percent attendance© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved . 3
  5. 5. KPMG Course for Accounting Professionals (2/3) Program design  Duration of the Program is 6 Months  400 Hrs of Online Live tutoring & LMS Supported Learning’s by KPMG  Learning material will include Books , Classroom/Live Online Tutoring , Learning management system Support & Updations Program Pedagogy  Practical aspects of book keeping and accounting (28 Modules)  Awareness of current accounting practices across Industries  Concepts of international accounting  Concepts of Income Tax, Sales Tax, Excise and Service Tax  Training on accounting in computerized environment Certification  Certification on successful assessment clearance from KPMG© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved . 4
  6. 6. KPMG Course for Accounting Professionals (3/3) Mode of offering  As a standalone product  Embedding in curriculum of various courses Customization Course Customization provision made as per specific requirements from corporate. Assessment Interim: At the end of each module Final: At the end of curriculum Learning Methodology Interlinked and providing entire array of understanding about flow of transactions at one place (Please refer to following slides on illustrative learning methodology)© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved . 5
  7. 7. About us
  8. 8. Our Accounting Advisory Services practice in India People Solutions Practice highlights Learning solutions  The first and only firm in India to have aProfile dedicated full-time Accounting AdvisoryQualifications: CA, CPA, IFRS conversion services Services practiceACCA, Diploma in IFRS,  Engaged with more than 200 IFRSGraduates Accounting support services projects across sectors - completed and ongoing Financial statement preparation  More than 200 resources with practicalSpecial skills services IFRS experience Transaction accounting services  Leader, amongst the large accountingProfessionals with industry firms, in providing Learning Solutions –experience in all sectors IPO reporting services dedicated Learning Solutions practiceand experience on with full time specialists; alliance withaccounting advisory, Financial reporting process NIIT Imperiainternational reporting, advisory  Successfully completed the largestlearning solutions and audit, Book-keeping and resource accounting restatement project in Indiaprojects in India and abroad support services  Accounting advisory retainer XBRL implementation arrangements with several clients
  9. 9. KPMG Learning Solutions (1/2)  KPMG is a leading professional services firm in India and globally. KPMG’s dedicated Accounting Advisory Services (AAS) practice has been at the forefront of accounting and reporting matters in India, and is widely acknowledged as the leading provider of accounting related advisory services in India.  Over the last few years, KPMG’s AAS practice has offered varied learning solutions to corporate and retail clients in the area of accounting and reporting. These solutions are delivered by a specialized team, which has worked with leading learning organizations in the past.  KPMG Learning solutions, a part of Accounting advisory service (AAS) practice in India has a dedicated team for providing various learning solutions.© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved.
  10. 10. KPMG Learning Solutions(2/2) In alliance with NIIT Imperia offered “Advance Certification Program in IFRS” to more than 1500 professionals. We are running 19th batch of the course with partnership entering in its fourth year. Partnered with Centum Learning ( A subsidiary of Airtel ) to offer KPMG course for accounting professionals. We are expecting offer through this partnership our accounting course to more than 200 students from Delhi and Pune. Partnered with Manipal Global Education Services (MAGE) to offer Dip IFR, KCAP and Basic IFRS Certification course through there network & institutions. Successfully running 10 batches of Dip IFR course at Mumbai, Delhi, Chennai, Bangalore and Hyderabad locations. A dedicated team of 30 professional constituting academicians with corporate experience , IT and Business development professionals. learning solutions provided to representatives from more than 100 corporate in last two years Working closely with bodies like ACCA, ATC international, KPMG Global Services etc to improve on academic strengths and identifying the business opportunities© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved.
  11. 11. KPMG Advantage
  12. 12. KPMG Advantage Specialized Learning Extensive knowledge and Large pool of accredited Solutions team – team experience of the F&A Experience in training trainers with experience members with previous sector gained through projects with many in area of IFRS, financial experience at large working with top companies reporting, accounting training organizations companies advisory, XBRL etc Acknowledged as the market leader in the area Proprietary training of IFRS and U.S. GAAP – material developed based experience with more on extensive technical than 200 IFRS projects across industry sectors KPMG and practical experience Part of dedicated Learning Solutions Presence across the country – ability to serve Accounting Advisory Services practice various companies using local trainer pool Training tools such as Working in collaboration To ensure end to end Learning Management Ensuring practical insight with ACCA on a number learning of any aspect. System and Hotline of projects facility© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved . 11
  13. 13. Appendix
  14. 14. Our Learning Methodology:Illustration (1/2) Nature of Transaction Purchase of fixed assets Voucher to be prepared Debit Voucher Documents to be referred Purpose (Format of each document to be discussed) Purchase Order To cross check the price of asset purchased Invoice For value of fixed asset purchased Cheque For entering the payment Payment Authorization Relevant Mail / Approval of Invoice Format of voucher Profitability - No Impact with relevant explanation Impact on Balance Sheet - Asset Value Increases with relevant explanation In Profit and loss Account - No Presentation Presentation In Balance Sheet - Fixed Asset: Gross Block Less: Accumulated Depreciation Net Block {Reference to format extract of Balance Sheet of companies }© 2012 KPMG, an Indian Partnership and a member firm of the KPMGnetwork of independent member firms affiliated with KPMG InternationalCooperative (“KPMG International”), a Swiss entity. All rights reserved . 13 13
  15. 15. Our Learning Methodology: Illustration (2/2) Current {To be discussed In Income Taxes at appropriate places with a link to this transaction treatment} Tax Impact DeferredJournal Entry to be passed Fixed Asset A/C Dr To Bank/Loan/Cash A/c Cr(Demonstration of the entry in fixed { Copy of duly filled Voucher}asset register) Periodicity Accounting - On purchase of asset {Explanation} Reporting - At each balance sheet date Income Tax Act Companies act Compliance Sales Tax Act Service Tax Act Types of assets Various reports relating to fixed assets like fixed asset register Classification of fixed assets under different class Why Block of asset concept Critical points Payment in installments Other costs relating to purchase like testing, installation etc Jointly owned assets Asset received under government Grant Asset acquired on Lease © 2012 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 . 14
  16. 16. Thank YouJatin SabharwalAccounting Advisory ServicesPhone: +91- 9818288636Email: jatins@kpmg.com
  17. 17. Bangalore Kochi Solitaire, 139/26, 3rd Floor, 4/F, Palal Towers, Inner Ring Road, M. G. Road, Koramangala, Ravipuram, Kochi 682016 Bangalore 560071 Tel +91 (484) 302 7000 Tel +91 80 3980 6000 Fax +91 (484) 302 7001 Fax +91 80 3980 6999 Chandigarh Kolkata SCO 22-23 Infinity Benchmark, Plot No.G-1, 1st floor. Sector 8 C 10th floor, Block - EP & GP, Madhya Marg Sector - V, Salt Lake City Chandigarh 160019 Kolkata 700091 Tel : 0172 3935778 Tel: +91 33 44034066 Fax 0172 3935780 Fax: +91 33 4403 4199 Chennai Mumbai No. 10, Mahatma Gandhi Road, Lodha Excelus, 1st Floor, Nungambakam, Apollo Mills Compound, Chennai 600 034 N.M. Joshi Marg, Mahalakshmi, Tel +91 40 3914 5000 Mumbai 400 011 Fax +91 40 3914 5999 Tel +9122 39896000 Fax +91 22 39836000This proposal is made by KPMG in India, an Indian DelhiRegistered Partnership and a member firm of the KPMG Pune Building No.10,network of independent firms affiliated with KPMG 703, Godrej Castlemaine Tower B, 8th Floor,International Cooperative (“KPMG International”), a Swiss DLF Cyber City, Phase – II Bund Gardenentity. All rights reserved. Pune 411 001 Gurgaon 122002 Haryana Tel: +91 20 3058 5764/ 65 Tel +91 124 3074000 Fax: +91 20 30585775The KPMG name, logo and “cutting through complexity” are Fax +91 124 2549101registered trademarks or trademarks of KPMG International Hyderabad Ahmedabad© 2012 KPMG, an Indian Partnership and a member firm of 8-2-618/2 Safal Profitairethe KPMG network of independent member firms affiliated Reliance Humsafar, B4 3rd Floor, Corporate Road,with KPMG International Cooperative (“KPMG 4th Floor Opp. Auda Garden, PrahladInternational”), a Swiss entity. All rights reserved. Road No. 11, Banjara Hills Nagar Hyderabad 500 034 Ahmedabad – 380 015 Tel +91 40 6630 5000 Tel: +91 (79) 4040 2200 Fax +91 40 6630 5299 Fax :+91 (79) 4040 2244

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