IFRS in India - jb nagar cpe study circle of wirc of icai

IFRS in India – Its Status, Overview of Concepts and Impact in IndiaAnnexure 3: Select IFRS tools and publicationsPricewaterhouseCoopers has a range of tools and publications to help companies apply IFRSA practical guide to segment reportingProvides an overview of the key requirements of IFRS8, ‘Operating Segments’ and some points to consideras entities prepare for the application of this standardfor the first time. Includes a question and answersection. Also available: Eight-page flyer on high levelmanagement issues.Illustrative consolidated financial statements• Banking, 2009• Insurance, 2009• Investment property, 2009• Private equity, 2009• Investment funds, 2009Realistic sets of financial statements – for existingIFRS preparers in the above sectors – illustrating therequired disclosure and presentation.Adopting IFRS – A step-by-step illustration of thetransition to IFRSIllustrates the steps involved in preparing the first IFRSfinancial statements. It takes into account the effect onIFRS 1 of the standards issued up to and includingMarch 2004.Financial instruments under IFRSHigh-level summary of the revised financial instrumentsstandards issued in December 2003, updated to reflectIFRS 7 in September 2006. For existing IFRS preparersand first-time adopters.Understanding financial instruments –A guide to IAS 32, IAS 39 and IFRS 7Comprehensive guidance on all aspects of therequirements for financial instruments accounting.Detailed explanations illustrated through workedexamples and extracts from company reports.SIC-12 and FIN 46R – The substance of controlHelps those working with special purpose entities toidentify the differences between US GAAP and IFRSin this area, including examples of transactions andstructures that may be impacted by the guidance.IAS 39 – Achieving hedge accounting in practiceCovers in detail the practical issues in achieving hedgeaccounting under IAS 39. It provides answers tofrequently asked questions and step-by-stepillustrations of how to apply common hedgingstrategies.Acquisitions – Accounting and transparencyunder IFRS 3RdAssesses the impact of the standard, highlighting thekey issues for management and raising questions forthe BoardRakesh Agarwal Slide 94