Ifrs Training For Corporate And Institutions In India

The market has opened his arms with huge demand for Indian professionals for International Financial Reporting Standards (IFRS) related work

. Around 1800 Indian companies are waiting to get their accounts done with principles of IFRS issued by International Accounting Standard Board (IASB). And more will surely follow afterwards.

Global accounting firms like Ernst and Young, KPMG, Deloitte and PricewaterhouseCoopers are helping Indian companies to migrate to IFRS system and training accounts professionals as the new standards has to be implemented soon and the deadline is very near.

Its time to take advantage of the growing opportunity as the market is only going to heat up more. There is an immediate requirement in the market for training and nurturing IFRS professionals. This is not all; the Indian trainers will never get saturated with the opportunities as Canada and US is more likely to migrate to IFRS system soon. A study reveals that in the coming years more and more countries will soon join with IFRS. The market for experienced IFRS professionals will surely rise up. Indian firms already indulging in overseas will ensure to get a lot of work to India in the near future.

The purpose of implementing IFRS is to get major economic benefits leading to cost savings and increase in efficiency. An international standard will definitely going to improve relations among countries. However the major trouble is to the private companies specially the smaller ones, who may not be benefitted with IFRS training as it may prove too costly for them to implement. This, as a result may bring fraudulent practices in the businesses.

IFRS requires comprehensive training as it is very different from Generally Accepted Accounting Principles (GAAP). It is advisable to seek help from the professionals and get proper training while doing transitions to IFRS. The market will be soon flooded with the training providers and one has to choose the training provider wisely. Only professionals with extra grabbing capabilities from the training provided will benefit from it as nothing holds for inefficient providers.

Mynd Solutions provide corporate and institutional training and help companies to transform into IFRS from GAAP. They are already into market and have delivered their work to some of its clients. Their team is also a part of faculty who are training into some of the premiere institutes.

by: myndsol

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