Another day in ICWA Institute - This time on IFRS

Last Monday I gave a presentation to the members of ICWAI - Bangalore Chapter, on how to go about the IFRS implementation. This was arranged as a Professional Development meeting.

I was really thrilled by the following:

• The Institute president Shri.G.N.Venkatraman presided over the session
• There turnout was really good. Nice to see many members interested in the topic.

We were informed that Shri.GNV was on board of NACAS and the Institute is actively working on the IFRS.

Shri.GNV gave an update on the latest happenings in the Institute. He invited the members to be more participative in the IFRS journey and the professional development. Shri.GNV already set the context of IFRS implementation in India, which made my job easier, as I could directly jump to my slides, without spending too much time on what the IFRS is all about.

I decided, in the interest of time, to present the slides and then take the Q&A at the end. I have seen in many meetings, small questions drag the time and finally important discussion points will be missed out or just being rushed (or just read by the presenter).

I covered the presentation covering the following areas:

• What is IFRS
• What is the current scenario in the countries already implemented
• What is the scene in india
• How to plan the transition
• Challenges
• The opportunities for the preofession

The presentation was well received and appreciated. There were lot of good questions, which I answered to my best and to the satisfaction of the person asking the question.

It was a good session and I really enjoyed. My friends, Satish and Raghavan was with me during the session.

Not only I got 1 CEP credit hour, but got a lot of satisfaction that I ignited the minds to get into IFRS soon.

Cheers,
Gopal