Module 6 Statement Of Changes In Equity And: Fill & Download for Free

Dear Students,Let me take opportunity to have direct interaction with all of you regarding our CA Final curriculum at Indaslab (www.indaslab.com). Instead of self-boasting, I will prefer to write what package students have with Indaslab.Despite this if you really want to know teaching style and pros and cons - you may refer to testimonials of our students:If you want to watch our Corporate Testimonial, you can watch below:What will you get after joining Indaslab?Recorded/ Live lectures by CA. Parag KulkarniStudy Material (Hard Copy)Elaborative Case Studies (Hard Copy)Online access to recorded videos.Access to 500+ MCQs and analytics for quick practiceAccess to E-books of all material2200+ IFRS and Ind AS Compliant Annual Reports for referenceFinal candidates live in a demanding professional environment. On the one hand they have to serve clients during rigorous articleship training and on the other hand they have to ensure timely preparation for CA final Exams. Indaslab attempts to serve expectations of candidates towards quality of learning with new-age resources. Following is the list of 9+1 modules offered by us.Introduction to Ind ASModule 1: Presentation Based StandardsModule 2 Part 1: Miscellaneous StandardsModule 2 Part 2: Industry Based StandardsModule 3 Part 1: Asset Based StandardsModule 3 Part 2: Asset Based StandardsModule 4: Liability Based StandardsModule 5: Business Combination & ConsolidationModule 6: Financial Instruments and Fair Value MeasurementModule 7: First-Time Adoption of Ind ASModule 8: Allied TopicsModule 9: Ind AS Vs. ASEach module is segregated into multiple chapters related to ‘module head’. For example, Module 3 Part 1 Asset Based Standards includes chapters on:Ind AS 2 - InventoriesInd AS 16 - Property Plant and EquipmentInd AS 40 - Investment PropertyInd AS 105 - Non-Current Assets Held for Sale, etc.Each Chapter (for eg. Ind AS 2 - Inventories) is then subdivided into small topics. Students can easily navigate between various topics. This navigation truly helps during study-leave. Each chapter also comes with multiple choice questions segregated in to 3 categories - Easy, Medium, and Difficult. Students can practice questions multiple times. Students also get analytics on accuracy achieved during each attempt. This is how, students can identify weak areas and focus more to gain enhanced conceptual clarity.Often students ask us where to begin?Individual Ind AS may not be read in an isolation, but rather integrated learning approach is necessary. However, one has to begin somewhere and that is where we code following order to help you smoothly navigate your studies. Indaslab suggests following order:Introduction to Ind ASModule 3 Part 1: Asset Based StandardsModule 3 Part 2: Asset Based StandardsModule 4: Liability Based StandardsModule 1: Presentation Based StandardsModule 2 Part 1: Miscellaneous StandardsModule 2 Part 2: Industry Based StandardsModule 6: Financial Instruments and Fair Value MeasurementModule 5: Business Combination & ConsolidationModule 9: Ind AS Vs. ASModule 8: Allied TopicsModule 7: First-Time Adoption of Ind ASStep 1 - Watch Basic and Advance VideosComplete the video on ‘Basics’ of Ind AS. It explains you background of Ind AS.After watching this, you can move on to ‘Advance discussion’Here, you learn summary of all standards. We try to explain you the meaning and origin of nomenclatures of each standard. Key is to interpret content inside the standard on the basis of ‘title’ of the standard. After watching these two chapters you are ready to dwell into your first module on asset based standards.Step 2 - Watch Module 3 Videos - Asset Based StandardsWe tend to cover all key concepts and stimulus that we expect examiner to test. Hence, videos will offer superb explanations of everything that you need to know for exam. However, there are some more theory areas that we expect you to read independently. We also tend to give you multiple homework questions. These questions are often designed to either help you apply basics or help you practice exam questions. Answers of all questions can be found in e-book that has been offered to you.Step 3 - Watch Module 4 Videos - Liability Based StandardsInd AS 37 is marginally different from AS 29. You must remember following 3 differences:All Long Term Provisions shall be discountedDecommissioning Liabilities are subsequently measured per Ind AS 37 (which is as good as unwinding of interest on long term liability)Obligation arises not only on legal contracts but also on conduct. We call it as a constructive obligation eg. Diwali bonus to employees.Thus, we expect you to solve all questions as homework and verify answers with E-book.Apart from Ind AS 37, few other liability based standards are detailed discussed in this module.Step 4 - Watch Module 1 Videos - Presentation Based StandardsYou cannot ignore conceptual framework. Students often fail to appreciate fundamental accounting that originates from the framework. We ensure that we invest sufficient time to help you master basics that slowly helps you writing an accounting language. For example, an adjective that we use for estimate is - reasonable and adjective we use for disclosure is - adequate. We cannot use accounting language that misplaces adjectives (wrong usage - adequate estimates and reasonable disclosures)Under this module, you will learn components of financial statements. Specifically, you need to note new presentation requirements under Other Comprehensive Income (OCI) and Statement of Changes in Equity (SOCIE)Step 5 - Watch Module 2 Videos - Revenue & Industry StandardsThis module is important from the perspective that many 4 marks questions can be designed from these small topics. Hence, they are scorers! Doing this module well means securing minimum 10 marks of your CA final paper.Step 6 - Watch Module 6 Videos - Financial InstrumentsI will take step back and ask my collegue to brief on step 6.We are proud to communicate that CA. Parag Sir has conducted corporate trainings on Financial Instruments and Hedge Accounting for teams of CFOs of Hindustan Unilever and Tata Motors. Trust, you cannot have anybody better who can simplify this complex topic. He decodes entire financial crisis to explain how financial instrument standard has evolved over a period. We will write less and wait for you to experience yourself the depth of knowledge you will gain once you hear him speak on the topic.Step 7 - Watch Module 5 - Business Combinations and ConsolidationsIndaslab has created concept papers that demystify crucial areas such as inter-company transactions, valuation of non-controlling interest (NCI), and calculation of goodwill. Each of the Indaslab question takes minimum 1.5 hours to 2 hours to solve. These long questions which are harder than ICAI questions help students gain confidence. Once he is trained for harder questions, solving consolidation question of ICAI becomes of cake-walk for him.Step 8 - Watch Final Module - Differences Between Previous GAAP and Ind ASYou do not need me to explain the content. You are CA Final student and I believe in your intelligence to infer the heading. Let’s move ahead to our last module.Step 9 - Watch Module 8 - Allied TopicsThese topics include discussion on Carbon Credits, E-commerce, Value Added Statement, Human Resource Accounting, and Integrated Reporting. We suggest you study these topics just before the exam - preferably in exam leave.Step 10 - Watch Module 7 - First Time Adoption of Ind ASIndaslab has worked on tens of Ind AS implementation of Phase I and Phase II entities. Additionally, Indaslab has helped more than 32 subsidiaries across world to converge into IFRS for Canadian regulatory reporting purpose. It simply means - we are the people who have hand in experience of first time adoption assignments not only in India but also globally. You can trust us. Doing this module will additionally help you for preparation of 6E.Last but not the least, preparation of Paper 1 is a matter of commitment. You cannot afford to choose short-cuts. We are aiming to offer that committed experience that can keep you engaged until you master the subject. Hope to see you :)Truly Yours,CA. Parag V. Kulkarni

In addition to an MBA degree the things you can do to make your CV becomes strong:A. For Finance professionalsCFA: Granted by the CFA institute, the Chartered Financial Analyst (CFA) is one of the most popular generic certification. Requiring at least 1.5 years of commitment to clear a 3-stage examination, and costing a minimum of $2400, it is highly advised that one be serious about it before enrolling.FRM: Almost as popular as CFA, the FRM (Financial Risk Manager) certification from GARP (Global Association of Risk Professionals) costs around $1000 (provided you register early enough to be eligible for the lower fee and is spread over 2 tests that can be taken either together or at an interval of 6 months.While CFA is more generic in nature, covering financial statement analysis, corporate finance, economics, wealth management, and derivatives, the FRM is more focused on risk and derivatives.Anti-Money Laundering Certification | ACAMS: Continuing on the path of greater specialization, we have the CAMS (Certified Anti-Money Laundering Specialist) certification for professionals working in the domain of Anti-Money Laundering and FCC (Financial Crime Compliance). Only 1 examinations (with prerequisites to be eligible) that costs close to $1500.Association of Certified Fraud Examiners: Become a CFE (Certified Fraud Examiner). Fees: $350.NCFM Modules (NSE - National Stock Exchange of India Limited): The 40+ NCFM modules spread over foundation (beginner), intermediate, and advanced cover a wide range of financial topics from the basics of financial markets and the OTC derivatives market, to mutual funds, venture capital, algorithmic trading and other advanced concepts. Each certification costs around $100.Vskills Govt. Certification: Vskills is a special, low-cost certification program run by the Govt of India. Most (>90%) certifications are priced in the range of ₹ 3000–5000. Although it has certifications for a wide variety of industries (Design, IT, Legal, Marketing etc), the below are relevant for finance professionals:Accounting, Banking, and Finance: (40+ certifications for Equity analysis, FI analysis, AML/KYC, Portfolio management, M&A, Credit risk, Basel III, IFRS etc).IIBF: The Indian Institute of Banking and Finance offers a host of certificates (Quantitative Finance, Trade Finance, AML/KYC etc) at a very reasonable cost of ₹ 1500–5000. The websites a little confusing. Just select the course from the dropdown to see the schedule and exam centers.B. Project ManagementProject Management Professional (PMP): Awarded by the PMI (Project Management Institute), this is the default one for anyone aspiring to build a career as a project manager. Cost: $555Agile Certified Practitioner | PMI-ACP: Again from the PMI, this certification is increasingly gaining importance as the adoption of agile project management gains momentum versus the traditional waterfall approach. Cost: $495C. OperationsSix Sigma: The BSI group offers 4 different certifications - The Six-Sigma yellow best (customized price), green belt (₹ 28,000), black belt (₹ 107,000), and the lean practitioner (₹ 28,000). These certifications are a must for people in operations, process management, and quality control.APICS: APICS provides 4 different certifications aimed primarily at people in in Operations and Supply chain management.Certified in Production and Inventory Management (CPIM) (Fee: $410)APICS Certified Supply Chain Professional (CSCP) (Fee: $1300)APICS Certified in Logistics, Transportation and Distribution (CLTD) (Fee: $525)APICS Supply Chain Operations Reference Professional (SCOR-P) (Fee: $350)D. MarketingSMstudy: SMstudy offers globally recognized marketing certifications across Marketing Strategy, Marketing Research, Digital Marketing, and Corporate Sales. All of these categories have multiple certifications depending on the individual’s relevant work experience - freshers, professional (0–3 years), specialist (3–5), and expert (5+). Obviously for someone who is still doing their MBA, only the fresher certification applies. And the best part is that all of them are free (with the other 3 being paid - $300, $450, and $600 respectively).Google AdWords: Across fundamentals, search advertising, display advertising, mobile advertising, video advertising, and shopping advertising. The certifications are from Google, and like most of their products, are free of cost. However, you need to retake the exam every 12 months to maintain the certification.Hubspot Marketing and Sales Certifications: If you are not a Hubspot partner or user, you are eligible for 6 of their free certifications. The classes and prep material for these 6 courses is also free. Everything is online, including the actual examination. Alas, the certifications are only valid for a period of 13 months, post which you need to renew them.E. Human Resources (HR)SHRM: The CFA of HR professionals, SHRM is almost a must-have for an HR professional, especially if you want to advance to the highest echelons in the human resources hierarchy. (Fee:₹ 52,000)F. OthersCisco Certifications : Cisco offers a whole host of IT related certifications, with a focus on network management. Some of them have prerequisites, and some not. Also, they might be more relevant for IT professionals rather than MBAs, but if you are enthusiastic about it, you can still give it a go.THINGS TO MAKE YOUR CV POWERFULL:1. Keep it real!Usually a CV should be no more than two pages unless your are applying for an Executive position– and that's two pages of A4 paper! Employers spend, on average, just 8 seconds looking at any one CV, and a surefire way of landing yourself on the no pile is to send them your entire life story. Keep it punchy, to the point, and save those giggly little details for the interview. If you want examples then check out our free CV templates2. Tailor itWe've all done it. Whizzed the same CV out to lots of employers to save time... Stop! Take the time to change your CV for each role that you apply for. Research the company and use the job advert to work out EXACTLY what skills you should point out to them. They will appreciate the obvious effort.3. Include a personal statementDon’t just assume an employer will see how your experience relates to their job. Instead, use a short personal statement to explain why you are the best person for the job. This should be reflected in your cover letter as well see our tips to the perfect cover letter.