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2nd Knowledge Series on International Financial Reporting Standards (IFRS) - JIM Lucknow

Posted on 14th-May-2020

Jaipuria Institute of Management, Lucknow being a centric organization which is focused on stakeholder’s well-being. During the tough times of Covid-19, Jaipuria Institute of Management Lucknow Alumni Relations Committee, reached out to our alumni network through our Seven Alumni Chapters and delivered 2nd Knowledge Series on International Financial Reporting Standards (IFRS).

The session was conducted under the guidance of Dr. Kavita Pathak (Director - Jaipuria Institute of Management, Lucknow) and Dr. Manisha Seth (Chair - Alumni Relations Committee) and was coordinated & supported by Mr. Nitin Mohan (AM, Alumni Relations Committee) along with Alumni Chapter Presidents i.e., Mr. Vinay Singh Pundir (Mumbai), Mr. Akash Deep Saxena (Lucknow), Mr. Amit Kumar Jena (Kolkata), Mr. Abhinav Purwar (Bangalore), Mr. Avnish Kumar Johari (Delhi), Mr. Sandeep Verma (Hyderabad) and Mr. Faseeh Elahi (International).

The session was conducted on 18th April 2020 (Saturday) wherein more than 25 alumni working with corporate worldwide attended the session.

The session on International Financial Reporting Standards (IFRS) and its Applications by Mr. Kapil Arora, Associate Director, Grant Thornton (GT) was highly power packed and very well done!

International Financial Reporting Standards (IFRS) was a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). IFRS Standards are required in more than 140 jurisdictions and permitted in many parts of the world.  India has adopted and converged IFRS and The Ministry of Corporate Affairs (MCA), Government of India, in consultation with the Institute of Chartered Accountants of India (ICAI), decided to implement the new set of accounting standards (Ind AS) from April 1, 2016. This step has given Indian corporate performance comparable internationally and bridge the gap in reporting standards that India follows currently. It has permitted international capital to flow more freely, enabling Indian companies to develop consistent global accounting practices. This webinar will provide Insight of Adoption of new accounting standards, how it has changed the Corporate Reporting Landscape, and how organizations across the globe are benefitting from IFRS.