Re: Training programme on Revised Schedule VI
Swati Gupta
Training programme on Revised Schedule VI
For further details,
please contact:Ashima Talwar
+91 9971552561
Neha Chawla
+91 9873560293
Date: May 12, 2012
The Schedule VI of the Companies Act, 1956 lays down a format for preparation and presentation of financial statements by Indian companies.
In view of the important changes that have taken place over last few decades in economic environment coupled with advancements in global practices relating to corporate financial reporting, a major overhaul of Schedule VI was overdue.
Accordingly, the Ministry of Corporate Affairs (MCA) issued revised Schedule VI to be followed by the Companies for financial years commencing on or after April 1, 2011. Recently, ICAI has also issued a detailed Guidance Note on Revised Schedule VI of the Companies Act, 1956.
The Revised Schedule VI introduces some significant conceptual changes such as current/non-current classification for all assets and liabilities, important disclosures for capital, standard profit/ loss account format, related party disclosures etc. The implications of the revised Schedule VI are varied and are expected to present a large number of implementation issues. Companies will need to plan and implement the modifications in the accounting systems and procedures to enable reporting under revised Schedule VI in a timely manner.
To help Companies understand the requirements and changes brought about by Revised Schedule VI, KPMG is pleased to announce a specialized 5 hour training programme on this topic. The programme seeks to provide insights to conceptual changes made by Revised Schedule VI and equip professionals with solutions to issues that need to be dealt with; while implementing Revised schedule VI.
The training programme will be conducted by experienced professionals from KPMG's Accounting Advisory Services (AAS) practice who have extensive experience in assisting clients on application of the requirements specified in the Revised Schedule VI.
Registration
Please send your enrollment form duly filled to ashima...@kpmg.com,nehac...@kpmg.com
Completion
Participants shall be awarded a certificate of completion and will be provided with a copy of the training material.
KPMG Training Programme Fee and Schedule
The programme fee is INR 7,500 plus service tax.
Venue
Gurgaon
About KPMG:
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 150 countries and have 138,000 people working in member firms around the world. The Indian member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG has office at Delhi, Chandigarh, Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Kochi, Hyderabad, Kolkatta
KPMG in India's dedicated Accounting Advisory Services (AAS) practice provides IFRS and other accounting advisory services to a number of Indian clients across different sectors of the economy. We have completed several IFRS implementation projects and is currently working with more than 200 companies as they implement IFRS. KPMG in India has also launched the IFRS Institute website (www.in.kpmg.com/ifrsinstitute) to provide free information to various stakeholders in the planned convergence from Indian GAAP to IFRS
We look forward to your participation!
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Regards,
Swati Gupta