International Financial Reporting Standards (IFRS) is becoming the global standard for the accounting. The Ministry of Corporate Affairs, Government of India has also announced its commitment to convergence to IFRS. IFRS certification can open career opportunities beyond India as 117 countries have already adopted it. India, as a step closer to convergence with IFRS, has adopted Ind-AS. The advantage of establishing global accounting standards is that a single format would be used for financial statements across all companies internationally. This would make it easier for companies to compete abroad, raise capital and to win global contracts by providing consistent and comparable financial details.
On completion of the course, candidates should be able to:
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