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Published on: February 19, 2009

NIIT Imperia offers “Certificate Program in International Financial Reporting Standards” to make companies IFRS ready

  • The IFRS program for senior finance professionals to be offered through 22 NIIT   Imperia centres for advanced learning in 19 Major cities of India

New Delhi, February 19, 2009:  NIIT, a leading Global Talent Development Corporation and Asia’s No. 1 trainer, today announced the launch of its new “Certificate Program in International Financial Reporting Standards”, for successful adoption of International Financial Reporting Standards (IFRS) which will be effectively mandatory in 2010. The course offered by NIIT Imperia is aimed at helping companies for a smoother IFRS Convergence.

The course, which is meant for senior finance professionals, will be offered through 22 NIIT Imperia centres for advanced learning in 19 Major cities of India. The program will be delivered by Mr. Manipadma Datta, Ph.D.  F.C.S., Professor and Area Chair, Finance, IMT Ghaziabad and will be conducted on March 1 & March 8, 2009.

The key objective of this workshop is to provide finance professionals with the necessary information to restate Indian Financial Statements as per IFRS. It seeks to help them to understand accounting and disclosure requirements under IFRS, complex issues surrounding the recognition and measurement of financial elements under IFRS, Key Differences in Indian GAAP and IFRS.
On introducing the program, Mr. Shraman Jha, Head, NIIT Imperia said, “The program offered through NIIT Imperia is aimed at facilitating early adoption of IFRS and successful implementation of this convergence. The level of technical preparedness of the industry and accounting professionals is going to be one of the greatest challenges of this transition.

“Through Imperia Network, IFRS Training would be offered in 19 cities simultaneously, making us the first organization to do so at such a wide scale. We seek to upgrade the skills of finance professionals regarding these standards, its inferences and transition procedure through this program,” he adds.

The program presents the information needed to navigate complex issues surrounding the recognition and measurement of financial elements under IFRS an area closely scrutinized by regulators such as the SEC in the US and the Financial Reporting Review Panel in the UK.

The program will focus on issues such as- IFRS Implementation Issues in Select accounting policies, accounting for financial instruments – products, measurement, recognition and disclosure ,what if situation, key IFRS Issues in select industries. At the end of this program, students will be able to perform their finance functions consistent with the requirements of IFRS, which is set to become the single global accounting language.

The last date to apply for this course is February 25, 2009. The fee for the program would be Rs. 11,500/- (Inclusive of Taxes).

About NIIT
NIIT, Asia’s No. 1 trainer and leading Global Talent Development Corporation, offers learning and knowledge solutions to over 5 million students across 40 countries.

Dataquest has conferred upon NIIT, the Top IT Training Company Award 2008. Rated among India’s Business Superbrands 2008, NIIT’s Individual Learning Solutions include industry-endorsed programs in IT like- GNIIT, Integrated programs for Engineers (NIIT Edgeineers), Infrastructure Management programs (NIIT GlobalNet+).
NIIT’s School Learning Solutions offers turnkey IT integration program for schools and has provided computer-based learning to nearly 7.8 million students in over 9,500 government and private schools. NIIT eGuru is a comprehensive learning solution for schools. 

For working professionals, NIIT Imperia, Centre for Advanced Learning, offers Executive Management Education Programmes in association with Indian Institutes of Management (IIMs) at Ahmedabad, Indore, Kolkata, Lucknow, IMT Ghaziabad and IIFT Delhi.
NIIT Institute of Finance Banking & Insurance (IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance.
NIIT Uniqua, Centre for Process Excellence, addresses the increasing demand for skilled workers in the business and technology services industry. This is a part of NIIT Institute of Process Excellence, a NIIT-Genpact venture.
NIIT’s Corporate Learning Solutions, offers integrated learning solutions (including strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.
Element K delivers learning solutions for customers and partners through a tailored combination of catalog learning products, technology, and services. The offerings include: vLab®: hands-on labs, instructor-led courseware, comprehensive e-reference libraries, technical journals, and KnowledgeHub™: hosted learning management platform.
NIIT together with Element K is now the first and the best choice for comprehensive learning solutions, worldwide.

Prateek Chatterjee, NIIT Ltd, Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041
Email: prateek.chatterjee@niit.com 
Shikha Kataria, NIIT Ltd, Ph: (Cell) +91 9999971886, (Dir) +91 124 4293042
Email: shikha.kataria@niit.com  or
Visit www.niit.com

About NIIT

NIIT is a leading Global Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world’s leading training companies owing to its vast, yet comprehensive array of talent development programs. With a footprint across 30 nations, NIIT offers training and development solutions to Individuals, Enterprises and Institutions.

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