KPMG IFRS Conference 2015 Navigating the convergence journey In association with the IFRS Foundation An initiative by the KPMG India IFRS Institute 5-6 February 2015, Taj Mahal Palace, Mumbai kpmg.com/in KPMG IFRS Conference 2015 Navigating the convergence journey Financial reporting in India is on the cusp of an exciting and challenging phase of its evolution, with the convergence with International Financial Reporting Standards (IFRS) expected to become a reality for corporates in India. In this context, KPMG in India is organising a first of its kind IFRS conclave in India, “KPMG IFRS Conference 2015: Navigating the convergence journey” – in association with the IFRS Foundation, on 5 and 6 February 2015 in Mumbai. The IFRS Foundation is an independent, not-for-profit organisation working in the public interest, whose primary mission is to develop a single set of high quality, understandable, enforceable and globally accepted International Financial Reporting Standards based upon clearly articulated principles. IFRS are developed by the International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation. For whom Date and time Chief Executive Officers, Executive Directors, Chief Financial Officers and Finance Controllers of companies that are required to transition to Ind AS standards. 5 - 6 February 2015, Mumbai This would help these key decision makers understand the wider business and organisational implications of the transition to Ind AS standards beyond just accounting. Day 1 of the conference is aimed at providing a wideranging overview and is suited for Chief Executive Officers, Executive Directors and Chief Financial Officers. Day 2 is aimed at providing more insight into some of the key areas of change from a financial reporting perspective, and is suited for Chief Financial Officers and Finance Controllers. Day 1: 14:00 to 18:30 hrs. Day 2: 09:30 to 17:30 hrs. The first day’s sessions will be followed by a networking dinner at the venue. Venue Taj Mahal Palace, Mumbai (Non-residential) Registration Fees The conference fee for this two day non-residential programme is INR 50,000 (Indian national rupees fifty thousand only) excluding taxes. This fee covers program materials, session costs, meals and snacks. All participants will also get a copy of ‘Insights into IFRS 2014/2015 - 11th Edition’ - KPMG’s practical guide to International Financial Reporting Standards. Click here to register online. Conference Agenda 5 February, 2015 - Day 1 6 February, 2015 - Day 2 14:15 – 15:40 hrs. Session 1 09:25 – 09:30 hrs. Day 2 opening remarks Welcome and Introduction to the conference 09:30 – 10:45 hrs. Perspectives on IFRS convergence: Businesses, Investors and Regulators Keynote 1 – India’s convergence with IFRS –– Challenges and opportunities for users and preparers Keynote 2 – The future of financial reporting –– Challenges and opportunities for regulators – both in standard setting and financial reporting oversight and enforcement Embracing global standards – the way forward and impact on Corporate India Closing remarks 15:40 – 16:10 hrs. Coffee break 16:10 – 18:30 hrs. Session 2 IASB Update – Covering key projects in progress and important IFRIC agenda items The road ahead for India Inc. -- Roadmap -- Bridging the gaps – the walk from Indian GAAP to IFRS -- Impact beyond accounting. Panel Discussion: Investor focused IFRS update – managing key stakeholder communications, discussing the effects of changes on financial analysis and valuations. 10:45 – 11:15 hrs. Coffee break 11:15 – 12:00 noon Managing the tax implications of IFRS convergence: Income computation and disclosure standards 12:00 – 13:00 hrs. Implementing recently issued standards: Implementing IFRS 9 Financial instruments (non-financial institutions) 13:00 – 14:00 hrs. Lunch break 14:00 – 15:00 hrs. Implementing recently issued standards: Business combinations and consolidation: Implementing IFRS 3, IFRS 10, IFRS 11 and IFRS 12 15:00 – 16:00 hrs. Implementing recently issued standards: Implementing IFRS 15 Revenue from contracts with customers 18:30 – 18:45 hrs. Break 16:00 – 16:30 hrs. Coffee break 18:45 – 20:00 hrs. Session 3 16:30 – 17:30 hrs. Convergence in India - First time adoption of Ind AS and carve-outs from IFRS 17:30 – 17:45 hrs. Closing Huddle with the experts: Informal networking session over cocktails 20:00 hrs. onwards Dinner Select list of speakers Eminent speakers from the regulatory, corporate and consulting world would be present at the conference. The confirmed speakers include: yy Hans Hoogervorst – Chairman, IASB yy Ian Mackintosh – Vice-Chairman, IASB yy C. B. Bhave – Trustee, IFRS Foundation and former chairman of SEBI yy Mohandas Pai – Chairman, Manipal Global Education yy Suresh Senapathy – CFO, Wipro yy Saurabh Mukherjea – CEO, Institutional Equities, Ambit Capital yy Ramesh Swaminathan – CFO, Lupin yy Charanjeet Attra – Executive Director, 3i Infotech yy Rajesh Gopinathan – CFO, Tata Consultancy Services yy Saumen Chakraborthy – President & CFO, Dr. Reddy’s Laboratories yy Jamil Khatri – Deputy Head of Audit, KPMG in India yy Sai Venkateshwaran – Head, Accounting Advisory, KPMG in India Stay connected for more updates on the conference: QR CODE | KPMG IFRS CONFERENCE 2015 WEBSITE RSVP Ms. Siera Dcosta E: [email protected] T.: +91 22 3090 2318 kpmg.com/in The organisers preserve the right to change resource persons, dates, topics, venue as per exigency of circumstances, if any. There are limited number of seats available and they shall be open to ‘first come first served’ basis. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Printed in India.
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