PG Diploma program in Accounting Standards and US GAAP
The passage of the Sarbanes Oxley Act (SOX) has profoundly changed the business reporting environment for companies listed in US.
Leading Indian companies are voluntarily adopting the contemporary Accounting Standards and US GAAP which are more rigorous than the conventional accounting standards practiced in India.
This knowledge is very useful in the context of growing market in the BPO sector with reference to accounting related work. Several global firms are planning to shift their entire accounting work to India.
The PG Diploma Program in Accounting Standards and US GAAP is aimed at creating effective Accounting and other finance professionals - who can contribute to the success of their organizations.
Program Structure
The program covers the important topics related to Accounting Standards and US GAAP. The broad areas in which the body of knowledge is developed and the students will be examined are divided into two groups. The structure of the program is given below:
Group/Part
Subjects
Group A
Part I
Accounting Standards-I
Part II
Accounting Standards-II
Group B
Part III
Accounting Standards-III
Part IV
Accounting Standards-IV
Outline Curriculum
Group A
Part I: Accounting Standards – I
GAAP Hierarchy, Introduction to US GAAP, Introduction to Indian Accounting Standards (AS), Introduction to International Accounting Standards (IAS), An overview of Sarbanes Oxley Act (SOX) Compliance, Revenue Recognition under US GAAP, Construction Contracts, Revenue Recognition, Accounting Changes and Errors under US GAAP, Net Profit or Loss for the period, Cash Flow Statement under US GAAP.
Part II: Accounting Standards – II
Current Assets under US GAAP, Valuation of Inventories, Fixed Assets under US GAAP, Accounting for Fixed Assets, Property, Plant and Equipment, Depreciation Accounting, Impairment of Assets, Intangible Assets under US GAAP and IAS, Accounting for Research and Development, Discontinuing Operations, Investments under US GAAP, Accounting for Investments.
Group B
Part III: Accounting Standards – III
Accounting for Equity under US GAAP, Accounting for Long-term Debt under US GAAP, Borrowing Costs, Accounting for Business Combinations under US GAAP, Consolidation under US GAAP, Consolidated Financial Statements, Accounting for Investments in Associates, Financial Reporting of Interests in Joint Ventures, Earnings per Share under US GAAP.
Part IV: Accounting Standards – IV
Accounting for Liabilities under US GAAP, Segmental Reporting under US GAAP, Segment Reporting, Interim Reporting under US GAAP, Reporting for Income Taxes under US GAAP, Accounting for Taxes on Income, Leases under US GAAP, Foreign Currency Translation and Transactions, Accounting for Derivatives, Pension Plans and Other Post Retirement Benefit Plans.
Note : Last Date of Admission into Program is 31st March, 2009.
Regards
Kalpagiri,
ICFAI University
Cell : +91 990 888 6050,
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