IND AS & IFRS MasterClass
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IND AS and IFRS Masterclass

Become Industry Ready in Financial Accounting Advisory Services & Join Top Firms

20+ Hrs Hands-On Practical Training
12+ IND AS Detailed Understanding
20+ Practical Case Studies
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Key Highlights

20+ Hours Video Lectures IND AS and IFRS

12+ IND AS Comprehensive Understanding in IND AS MasterClass

20+ Case Studies Real Life & Practical IND AS Advisory Cases

Schedule III Understanding Schedule III Requirements

Interview Guidebook 20+ Interview Q&A’s on IND AS and IFRS MasterClass

Evaluation MCQ-Based Evaluation for IND AS MasterClass

Our Experienced Faculty

CA Rakshit Mittal
CA Rakshit Mittal
10+ yrs of Experience |

A Chartered Accountant with over a decade of diverse experience, CA Rakshit Mittal has worked with some of the top global firms including EY, PwC, and Mazars. Currently serving as a Senior Manager at EY FAAS, he has consistently led audit and advisory mandates for large corporates across sectors. Rakshit’s core expertise lies in Statutory Audit, Internal Audit, and Risk Advisory, where he has played a pivotal role in process institutionalization, cost optimization, and regulatory compliance. A passionate trainer and mentor, he actively shares his knowledge to empower the next generation of finance professionals.

Worked With

Session Plan

  • Introduction to IND AS MasterClass
  • Practical & applied learning of IND AS & IFRS in real world
  • Faculty Introduction

  • Amortized Cost Business Model (Hold to Collect)
  • FVOCI Business Model (Hold to Collect & Sell)
  • FVTPL Business Model
  • Contractual Cash Flow Model
  • Reclassification
  • Subsequent Measurement

  • Identification of Derivatives
  • Scope of Non-Financial Item Contracts
  • Hedging: Scope & Types of Hedges
  • Practical use cases of Hedging

  • Expected Credit Loss Model
  • Operational Simplifications In Assessing Significant Increases In Credit Risk
  • Loss Allowance Recognition
  • Provision Matrix
  • Credit Impaired Financial Asset
  • Derecognition of Financial Asset

  • Scope and Key Definitions
  • Five-Step Revenue Recognition Model
  • Special Topics and Adjustments
  • Timing and Methods of Revenue Recognition
  • Transition, Practical Expedients, and Case Studies

  • Distance mapping
  • Revenue Contract Sample
  • Revenue Calculations & revenue recognition journal entries
  • Template to follow to apply IND AS 115 in practical life

  • Introduction and Scope
  • Identification of a Lease
  • Lease Components and Term
  • Recognition, Measurement, and Modification
  • Presentation and Transition

  • Template to apply IND AS 116 in practical life → lease identification
  • Sample Lease Agreement
  • Lease schedule preparation

  • Objective & scope of IND AS 24
  • Key Definitions & Relationship between reporting entity & person
  • Disclosures for IND AS 24 in Financial Statements
  • Extract of Financials for Related Party Transactions & Disclosures

  • Scope & Key Concepts of IND AS 12: Income Taxes
  • Understanding tax Base of Assets & Liabilities
  • Case Study & Detailed Analysis of Deferred Tax Recognition
  • Practical Examples for IND AS 12
  • MS Excel Application → Step by step calculation of Deferred Tax & journal entries

  • Acquisition Method of Accounting
  • Determining whether acquired set of assets & activities is a business
  • Development stage entities
  • Case Study: Outsourcing Arrangement
  • Identifying the acquirer
  • Recognising & measuring the identifiable assets acquired & liabilities assumed
  • Step Acquisition
  • Common Control Business Combination

  • Understanding the scope of IND AS 110
  • Exemption for consolidating Financial Statements
  • Definition of Control: Power Over an Investee
  • Substantive Vs Protective Rights
  • Case Studies: Potential Voting Rights
  • Exposure to Variable Returns
  • Understanding Link between Power & Returns
  • Defacto Agents
  • Template: Control Assessment - IND AS 110
  • Steps in preparing Consolidated Financial Statements

  • Understanding significant Influence & lack of significant influence
  • Overview & Application of Equity Method
  • Treatment of Impairment Losses
  • Scope, Accounting & Examples of Joint Operation

  • Understanding of Accounting Policies
  • Changes in Accounting Policies
  • Practical Scenarios & Case Studies
  • Understanding of Accounting Estimates
  • Prior Period Errors & Case Studies

  • Scope & Objective of IND AS 19
  • Post Employment Benefits - 2 Types
  • Present Value of Obligation Vs Plan Assets
  • Key Components of Defined Cost
  • Actuarial Assumptions Required
  • Termination Benefits
  • Practical - Actuary Assumption

  • Introduction & Objective of IND AS 113
  • Understanding Definition of Fair Value
  • Fair Value Hierarchy: Level 1, Level 2, Level 3
  • Valuation Techniques
  • Fair Value of Liabilities & Own Equity Instruments

  • Scope & Applicability of IND AS 102
  • Understanding the concept of Grant Date & Why it’s important
  • How Companies Do it in practice?
  • Impact of Conditions on measuring share based payments
  • Cash Settled Award & It’s Accounting
  • Group Share Based Payment Arrangements

  • Objective of IND AS 23
  • What is included & not included in Borrowing Costs?
  • When to capitalise Borrowing Costs?
  • When to expense Borrowing Costs?
  • Capitalisation Period
  • Specific Vs General Borrowings
  • Exchange differences on foreign currency borrowings

  • Key Definitions & Recognition Criteria
  • Measurement of Provisions
  • Changes in Provisions & Use of Provisions
  • Practical Examples & Case Studies

  • Basics: Who has to follow IND AS
  • Objective of IND AS 101
  • Opening IND AS Balance Sheet and Single Transition
  • Key Adjustments on Transitions
  • First IND AS Financial Statements Must Include
  • Adoption of Board Policy for first time adoption of IND AS
  • Practical Working on MS Excel - Schedule III, Trial Balance, IND AS Adjustments and Balance Sheet Preparation as per IND AS

  • Preparation of Complete IND AS Financial Statements in Excel for Listed Entities
  • Preparation of Profit & Loss, Balance Sheet, Cash Flow Statements, Notes to Accounts with Explanatory Information from Trial Balance and Formatting as per Latest Schedule III
  • Disclosure Requirements and Notes to Accounts as per respective IND AS
  • Latest changes in Schedule III

  • IND AS 16: Key Concepts, Cost Model, Revaluation Model, Depreciation (Important)
  • Component Accounting (Mandatory in IND AS 16) → Spare Parts & Servicing Equipment With MS Excel Practical Working
  • Practical Case Studies on IND AS 16
  • IND AS 38: Key Concepts and Measurement
  • Internally Generated Intangible Assets
  • Subsequent Measurement, Amortisation & Impairment of Intangible Assets

  • IND AS 1: Presentation of Financial Statements → Key Principles
  • IND AS 7: Statement of Cash Flows → Key concepts
  • IND AS 10: Events after the Reporting Period
  • IND AS 27: Separate Financial Statements
  • IND AS 36: Impairment of Assets
  • IND AS 105: Non-Current Assets Held for Sale and Discontinued Operations
  • IND AS 108: Operating Segments

  • Summary of Important IND AS
  • Tips on Interview Preparation

  • Templates for approaching IND AS
  • Illustration for Schedule II, Division II
  • IND AS Transition Checklist
  • Schedule II Reclassification Division I to II
  • Practical Workings for IND AS 115, IND AS 116, Component Accounting and more.

  • MCQs Based Exam Online - Practical Exam based on Course Module - IND AS MasterClass

Who should Join:

  • User Icon Chartered Accountants
  • Graduate Icon Commerce Graduates
  • CA Icon CA Aspirants & Semi Qualified CAs
  • ACCA Icon ACCA Aspirants & ACCA Professionals
  • CS Icon CS & CMA Aspirants Who Want to Start Career in Statutory Auditing
  • Career Icon Any person who wants to learn IND AS and IFRS

Completion Certificate

Certificate

A Certificate of Completion of IND AS and IFRS Course along with Mark-sheet based on the performance will be awarded to each candidate for IND AS and IFRS Masterclass.

Register Now to Get the Certificate

What Will You Learn

In-Depth IND AS
Concepts

  • Master 12+ key IND AS standards with 25+ hours of structured video lectures
  • Get clarity through real-life examples and practical case studies in IND AS MasterClass

Hands-on
Case Studies

  • Solve 10+ advisory case studies covering revenue recognition, leasing, consolidation & more
  • Learn practical application for advisory roles and financial reporting

Schedule III
& Financials

  • Understand Schedule III requirements in depth
  • Prepare first-time IND AS financial statements with guided analysis

Interview
Ready

  • Crack interviews with our IND AS Interview Guidebook
  • Includes 20+ handpicked Q&A for finance roles

Evaluate
Your Learning

  • Attempt MCQ-based evaluations to test your IND AS & IFRS concepts

What Participants say

CA Mamta Jangra

CA Mamta Jangra

Recently I have joined Adani Group as an Assistant Manager. Thinking Bridge courses helped me in preparing for my interview. It helped me to phrase my interview answers.

CA Jeevesh Wadhwa

CA Jeevesh Wadhwa

Thinking Bridge courses are 100% practical. They helped me in cracking Big 4 Interviews. Live mentoring sessions taken by faculties helped in answering career-related queries.

Mukuljeet

CA Mukuljeet

When I heard about Thinking Bridge courses, I didn't think twice & took the course. It was one of the best decisions I've ever taken. It really helped me in getting placed in PWC.

Mayank Sharma

Mayank Sharma

This course gave me immense practical insights. It not only helped me in getting an edge in interview but also helped in dealing with case based & practical questions.

Sakshi Gupta

CA Sakshi Gupta

I am a CA by profession. I have been placed in PWC India. This course gave me a perspective as to how work is done in Big 4s & Top firms. It was a very insightful course.

Gursaheb Singh

Gursaheb Singh

Thinking Bridge helped me to master the important formulas of excel and their practical implications. The course help me to revise whole concepts in very less hours.

Bonuses Worth ₹15000

12+ Free Technical Sessions

Worth ₹3000/-

FREE

50+ Interview Resources

Worth ₹3000/-

FREE

Mentorship From Industry Experts

Worth ₹4000/-

FREE

Lifetime Free Placement Assistance

Worth ₹5000/-

FREE

Demo Sessions of IND AS and IFRS Course

Validity of IND AS and IFRS Masterclass

120 Days from the date of Enrolment

FAQs

Yes. All concepts have been taught from very basics. No prior knowledge is required. The course is designed to build strong, practical skills from the ground up.

You can complete it in 15–30 days with consistent effort.

You can post your queries on Discussion forum, our faculties reply regularly on the forum. Also, live sessions are conducted by faculties on regular basis.

Yes. The course is designed to make you "industry-ready" and increase your chances of placement in top firms. Many alumni are already placed at firms like Deloitte, KPMG, EY, PwC, Infosys, Accenture, HDFC Bank, and more.

It’s purely practical, focused on real-world application rather than just theory, with case-based learning.

Yes. The flexible, self-paced model fits around your work schedule.

Yes, you’ll work through real case studies and assignments designed to simulate client audits.

Definitely. Adding the IND AS & IFRS MasterClass Certificate to your LinkedIn strengthens your finance profile.

Ready to Master IND AS & IFRS?

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