School of Finance & Commerce (SFC), Galgotias University, Greater Noida, conducted 15 days training program on Financial Reporting for students of B. Com (International Accounting & Finance) -Semester 4. The training program was designed to equip students with comprehensive knowledge of International Financial Reporting Standards (IFRS) considered while preparing & presenting financial statements of the companies.

The schedule of the training was as under:

The training was arranged in collaboration with ISDC and was undertaken by Sarvesh Mopkar, who himself is not just a qualified Chartered Accountant (CA) professional, but also, an ACCA qualified professional & has been actively engaged in Teaching & training activities. He has been associated as Visiting Faculty for ICAI Institute of Computer Accountants (ICA) etc. and has also been associated to organizations like R.K Gupta & Associates, etc.

During this 15 days training students gained knowledge & understanding about accounting treatment of various assets & liabilities that form crucial part of company&rsquos financial statements, in accordance to IFRS. The various aspects that covered during training included Regulatory Framework of IFRS Impairment of Assets PPE Leases Provisions & Contingencies Events after the reporting period Consolidated Financial Statements of the companies etc.

Post-training students&rsquo feedback was very encouraging, as according to them they, not just gained conceptual knowledge about various aspects of accounting & reporting but also gained hands-on-knowledge on the basis of various practical accounting problems undertaken during this training.