We train you to fly, ensuring you don’t know what falling is

PIRON is IFRS training, consulting and outsourcing firm who deliver with human touch and in a way imbibing into the culture of the company engaged with.

We adapt and prepare ourselves to serve in the best interests of the company and are flexible to give the best we can, instead of set standards for trainings, providing material for learning, or understanding company’s financial statements, as we believe every company has a unique style and approach to face the challenges.

The challenge now being IFRS adoption globally, so the question what PIRON can do for you can be served only by boasting off on our achievements in the past and what we are doing in the present .

PIRON started as IFRS diploma tuition providers in the beginning, but soon forwarded steps to teach world’s renowned qualifications in accounting and finance in the form of CPA, ACCA, CIMA, CFA and also to train human resources in the corporate globally, as the employees of a company are the epicenter of an organization and are the ones who need to adapt to any change at the foremost.

The companies who felt that their human resource needs to be competent for the challenges posed by IFRS adoption and served by us are Accenture, NTPC, Deepak Nitrite, Colt Technologies, Institute of Company Secretaries of India, Amar Ujala located in India, ABN ABN Ltd located in Nigeria and Johannesburg are the ones, to name a few, who acknowledge our expertise and excellence.

The individuals, who felt the need to prepare themselves as IFRS professionals, are already being served by us through Diploma in International Financial Reporting Standards accredited by Association of Chartered Certified Accountants (UK) at 105 cities in India on Reliance Web world and also through web online meetings.

Now, to answer how we do, can be answered the way we have done.

The first thing we do after receiving approval for training from the company is assess:

• The financial statements of the company we are dealing with, to be able to know, what is required and is important for the company.
• The areas which will be affected by IFRS adoption, the impact of IFRS standards.
  The trainings provided by Piron is divided into two phases:
  1) IFRS initial training.
  2) IFRS company centric comprehensive training.
• Preparing the schedule for training on the basis of initial assessment as all the standards may not be relevant to a particular company.
• Demanding a revision in the schedule from the company, required, if the company feels some specific additions or omissions to be made, to study the topics relevant to them.
• Before every session, we provide study material to be gone through by prospective participants, to better understand, what we have in store for a particular day, avoiding any surprises, so that one can prepare to get the best one can, and also enabling us to deliver the best we are able to.
• At the end of the day, we demand queries from the participants, which they can post on our website flexiguru.com, to be answered by our expert panel, even after the session is over. This gives a chance to the participants to ask and get a solution for, what they could not ask in the session.
• We ask the officials to delegate duties to employees to gather queries relating to a particular area. The problems employees feel, they will come across, becomes possible only after initial training, as they are able to relate, what and how they are doing now and what needs to done after IFRS adoption, how will they do it?
• The uneasiness relating to all the doubts will be taken care of by us either on flexiguru.com or in the second phase of training dealing with all the queries, with discussions on issues and solutions thereupon and providing sample draft notes to accounts.
• In the company centric training, we deal with the standards of IFRS, in the light of the annual report of the company, the areas being affected and the amount of work required to be done.
• Discussion on level of impact on the company , in the backdrop of nature of operations, geographical presence, corporate structure, financing policies , marketing policies , level of conflict with the laws etc.
• Identifying the areas that may require immediate attention for example, functional currency, component accounting, depreciation, fair valuation, revenue recognition, outsourcing arrangements, hedge accounting, investment properties to name a few depending on the nature of the company.
• The tie-up does not end with the end of the training sessions; we continue to serve the client by giving solutions to the problems, when they actually try their hand with the implementation process, which can be posted on flexiguru.com.

So let’s join hands to face the challenges posed by the accounting world for globalizing the accounting standards, to be countered in a unified and unique way as winning starts with the beginning and earlier we adapt ourselves to go with the tide , the better it is, to avoid unnecessary last minute rush.

Piron is here to make the journey a memorable ride.

Let’s do it.