Share Based payments | IFRS 2
IFRS 2 requires an entity to recognize share-based payment transactions in its financial statements. Equity-settled share-based payment transactions are generally those in which shares, share options or other equity instruments are granted to employees or other parties in return for goods or services.
IFRS 1 : First Time Adoption of IFRS
An entity moving for the first time from national GAAP to IFRS should apply these requirements. The basic requirement is full retrospective application of all IFRSs effective at the reporting date for an entity’s first IFRS financial statements. However, there are a number of exemptions and four exceptions to the requirement for retrospective application. The exemptions cover standards for which the IASB considers that retrospective application could prove to be too difficult or could result in a cost likely to [...]
New Gateway For ICAI’S Passouts – CIMA
If you are an ICAI Passed Finalist/Member, you are eligible for CIMA’s new CGA route. Develop your professional career and join CIMA through the accelerated route for members of: affiliates and members of the Association of Chartered Certified Accountants (ACCA) passed finalists and members of the Institute of Chartered Accountants of India (ICAI). The CIMA gateway assessment (CGA) The CGA is drawn from the management level papers of the CIMA syllabus: P2: performance management E2: enterprise management F2: financial management On successful [...]
Accounting Students Can Apply Online for Illinois CPA Society Scholarships
For students pursuing an accounting degree with plans to become a Certified Public Accountant (CPA), financial help is available through the Illinois CPA Society. Scholarships of up to $4,000 are funded by the CPA Endowment Fund of Illinois. Eligible students must be U.S. citizens or permanent residents currently living in Illinois and enrolled in an Illinois College or University. Candidates must also have a 3.0/4.0 GPA or equivalent, plan on sitting for the CPA Exam and demonstrate a course of [...]
Certificate in Islamic finance from CIMA UK
The CIMA certificate in Islamic finance (Cert IF) is the first qualification offered by a professional chartered accounting body to focus on the fast growing sector of Islamic finance. Who’s it for? The certificate will be valuable for newcomers to Islamic finance as well as finance professionals seeking accreditation in this field. It is designed to give professionals two significant market advantages: – the professional recognition of a CIMA international qualification – demonstrable expertise in the complex, fast-growing world of [...]
Exemption in CIMA on the basis of ACCA papers
On the basis of cleared F2 & F3 papers of ACCA, the candidate can get the exemption for C1-C3 papers of CBA-CIMA (One of our student got the same updation & exemption from CIMA Global. Papers Paper name Course level Module required for Exemption C01 Fundamentals of Management Accounting Certificate BA F2 Management Accounting C02 Fundamentals of Financial Accounting Certificate BA F3 Financial Accounting C03 Fundamentals of Business Mathematics Certificate BA F2 Management Accounting C04 Fundamentals of Business Economics Certificate [...]
CPA Exam Offered in Five International Locations Next Year
By ALEXANDRA DEFELICE OCTOBER 17, 2010 The Uniform CPA Examination will be offered in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates in 2011, marking the first time in the exam’s history that it will be offered outside the 55 U.S. jurisdictions. The three organizations that jointly offer the CPA Examination in the United States—the AICPA, National Association of State Boards of Accountancy (NASBA) and Prometric––announced Sunday that they have reached agreement to administer the exam in those international [...]
IFRS Introductory Session
Today, there is an introductory session at PIRON Study Centre (Noida Branch). From the next week, we all would be reading course. In Introductory session, discussion introduces International Financial Report Standards (IFRS) and addresses IFRS 1, which discusses the first-time adoption of IFRS. AN OVERVIEW The Certificate in International Financial Reporting (CertIFR) is an ideal qualification to help you develop an understanding of IFRS or gain formal recognition for your existing IFRS skills and knowledge. Cost effective and flexible, CertIFR [...]
Accounting and Finance is at your doorstep
The last few months saw students all over the country reaching the place from where they wish to enter a new phase in their career life .i.e. College Long queues scrutinizing the selection list, nerve breaking moments for some who could not get the desired option, discussions over courses looking for viable options, settling down for courses which were in reach than were of interest, students in the waiting list with some ray of hope. At the end of the [...]
The Pros and Cons of Adopting IFRS by Lei Shi
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by the International Accounting Standards Board (IASB). IFRS has been adopted by more than 12,000 companies in over 100 nations and is becoming the global standard for the preparation of financial statements of public companies throughout the world. However, in the U.S., GAAP (General Accepted Accounting Principles) is applied. Recently, the G20 leaders have called for significant progress towards moving to one set of high-quality global accounting standards. [...]
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