International Accounting Standards Board (IASB) developed International Financial Reporting Standards (IFRS) provides a global framework for how public companies prepare and disclose their financial statements. IFRS provides general guidance for the preparation of financial statements, rather than setting rules for industry specific reporting.

1. Strategy Workshop
International Financial Reporting Standard ( IFRS)
Conversion is much more than a technical
accounting issue. It significantly affect a
o pa y’s day-to-day operations and may
even impact the reported profitability of the
business itself. Conversion brings a one-time
opportunity to comprehensively reassess
financial reporting.
Countries that benefit the most from the
IFRS are those that do a lot of international
business and investing. IFRS would save
money on alternative comparison costs and
individual investigations, while also allowing
information to flow more freely
Course Objective
© Tetrahedron Manufacturing Services Pvt Ltd
Phone : +91 7042140046 Email : training@tetrahedron.in
Tetrahedron Academy
Who should attend
Works Manager
Finance Manager
CAs and CFOs
Project Managers
Sales Managers (International Sales)
International Financial Reporting Standards
(IFRS) are a set of international accounting
standards stating how particular types
of transactions and other events should be
reported in financial statements.
The participant would be able to
1. Understand the benefits of IFRS
2. Specify exactly how accountants must
maintain and report their accounts.
3. Implement a common accounting language,
so business and accounts can be understood
from company to company and country to
country
4. Develop, maintain stability and transparency
throughout the financial world
5. Make educated financial decisions and
analyse the global financial best practices
Methods and Benefits
Over the last three years 300+ Participants
from 6 Corporate have attended this
session
International Accounting Standards
Board (IASB) developed International
Financial Reporting Standards (IFRS)
provides a global framework for how
public companies prepare and disclose
their financial statements. IFRS
provides general guidance for the
preparation of financial statements,
rather than setting rules for industry-
specific reporting

2. Know your trainer
B tech from IIT Roorkee, PGDM from IIM
Calcutta and is an Ex IES officer with 14+
yrs of intensive experience in various
sector. He is a certified coach and project
manager for international business
He has helped companies turn-around by
implementing Manufacturing Excellence
through Lean, Financial Restructuring ,
Six Sigma, Strategy Management
He is a passionate reader and have
inclination to solve complex business
problems within very short span of time.
Workshop Agenda
© Tetrahedron Manufacturing Services Pvt Ltd
Phone : +91 7042140046 Email : training@tetrahedron.in
Tetrahedron Academy
Feedback From Past Participants
This sessio as ery helpful i
understanding the various standards and
their appli a ility i our i dustry
The su tlety of these sta dards ere a
eye opener for us to realize where we could
go ro g i i ter atio al usi ess
As the fi a e Ma ager a d fi a e ei g
the backbone of the company, this session
taught us to be updated on Financial
Sta dards a d its i pa t o our usi ess
Introduction to IFRS
The concept of IFRS and Why it was necessary
The broad procedure of IFRS
Applicability ofIFRS
Organisation Blue-Print for IFRS
Financial map development by company
The applicable National Accounting Standards
Course Comparison of AS and IFRS
IFRS The Standard Proper
The detail structure of IFRS
The clauses and interpretation
Applicability and Exclusions
Complexities Involved
Quantitative Characteristics
Comparability
Verifiability
Timelines
Understandability
Financial Position
Asset – resource controlled by enterprise
Liability – Present obligation from past events
Equity – Residual interest in asset of company
Comprehensive Income
Revenue– Increase in economic benefit
Revenue Exclusion – Contribution by equity participants
Expenses – Decrease in economic benefit
IFRS Requirements - Statements
Statement of Financial Position - SFP
Statement of Comprehensive Income - SCI
Statement of Change in Equity - SOCE
Statement of Cash Flow - SCF
Strategy Workshop
IFRA Adoption
Initiating the Change / Adoption
Managing Ambiguity in IFRS
Migration to IFRS Project Plan
Summary and Q&A