presentation on "kpmg course for accounting professionals"

June, 2012

KPMG’s Learning

Solutions - KPMG

Course for Accounting

Professionals

© 2012 KPMG, an Indian 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.

Contents

1

KPMG Advantage

Appendix

About us

KPMG Course for Accounting Professionals

KPMG Course For

Accounting

Professionals

© 2012 KPMG, an Indian 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. 3

Product Details

Nature: A course in General accounting providing understanding of:

Practical aspects of accounting

Industry specific practices

Preparation and presentation of financial statements

Basic understanding of IFRS

Basic concepts of direct and indirect taxation

Duration: 400 hours

Certification Certification by KPMG on clearing the exam conducted by KPMG

Certificate of participation for all participants subject to 90 percent attendance

KPMG Course for Accounting Professionals (1/3)

In order to upgrade the skills of existing team and providing the training to new joiners in financial accounting and

reporting we wish to offer “KPMG Course for Accounting Professionals”. This course provides detailed

understanding of core concepts of accounting along with practical insight.




Program design

Program Pedagogy

Practical aspects of book keeping and accounting (28 Modules)

Awareness of current accounting practices across Industries

Concepts of international accounting

Concepts of Income Tax, Sales Tax, Excise and Service Tax

Training on accounting in computerized environment

Certification

Duration of the Program is 6 Months

400 Hrs of Online Live tutoring & LMS Supported Learning’s by KPMG

Learning material will include Books , Classroom/Live Online Tutoring , Learning management system

Support & Updations

Certification on successful assessment clearance from KPMG





Mode of offering

Customization

Assessment

Learning Methodology

As a standalone product

Embedding in curriculum of various courses

Course Customization provision made as per specific requirements from corporate.

Interim: At the end of each module

Final: At the end of curriculum

Interlinked and providing entire array of understanding about flow of transactions at one place

(Please refer to following slides on illustrative learning methodology)


About us

Our Accounting Advisory Services practice in India

Profile

Qualifications: CA, CPA,

ACCA, Diploma in IFRS,

Graduates

Special skills

Professionals with industry

experience in all sectors

and experience on

accounting advisory,

international reporting,

learning solutions and audit,

projects in India and abroad

People Solutions Practice highlights

Learning solutions

Financial reporting process

advisory

IFRS conversion services

Accounting support services

The first and only firm in India to have a

dedicated full-time Accounting Advisory

Services practice

Engaged with more than 200 IFRS

projects across sectors - completed

and ongoing

More than 200 resources with practical

IFRS experience

Leader, amongst the large accounting

firms, in providing Learning Solutions –

dedicated Learning Solutions practice

with full time specialists; alliance with

NIIT Imperia

Successfully completed the largest

accounting restatement project in India

Accounting advisory retainer

arrangements with several clients

Book-keeping and resource

support services

XBRL implementation

Financial statement preparation

services

Transaction accounting services

IPO reporting services

KPMG Learning Solutions (1/2)

KPMG is a leading professional services firm in India and

globally. KPMG’s dedicated Accounting Advisory Services

(AAS) practice has been at the forefront of accounting and

reporting matters in India, and is widely acknowledged as the

leading provider of accounting related advisory services in

India.

Over the last few years, KPMG’s AAS practice has offered

varied learning solutions to corporate and retail clients in the

area of accounting and reporting. These solutions are

delivered by a specialized team, which has worked with leading

learning organizations in the past.

KPMG Learning solutions, a part of Accounting advisory

service (AAS) practice in India has a dedicated team for

providing various learning solutions.



Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG Learning Solutions(2/2)



Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

In alliance with NIIT Imperia offered “Advance Certification Program in

IFRS” to more than 1500 professionals. We are running 19th batch of the

course with partnership entering in its fourth year.

Partnered with Centum Learning ( A subsidiary of Airtel ) to offer KPMG course

for accounting professionals. We are expecting offer through this partnership

our accounting course to more than 200 students from Delhi and Pune.

Partnered with Manipal Global Education Services (MAGE) to offer Dip IFR,

KCAP and Basic IFRS Certification course through there network &

institutions.

Successfully running 10 batches of Dip IFR course at Mumbai, Delhi, Chennai,

Bangalore and Hyderabad locations.

A dedicated team of 30 professional constituting academicians with

corporate experience , IT and Business development professionals.

learning solutions provided to representatives from more than 100 corporate

in last two years

Working closely with bodies like ACCA, ATC international, KPMG Global

Services etc to improve on academic strengths and identifying the business

opportunities

KPMG Advantage




KPMG Advantage

Specialized Learning

Solutions team – team

members with previous

experience at large

training organizations

Experience in training

projects with many

companies

Large pool of accredited

trainers with experience

in area of IFRS, financial

reporting, accounting

advisory, XBRL etc

To ensure end to end

learning of any aspect.Ensuring practical insight

Working in collaboration

with ACCA on a number

of projects

Training tools such as

Learning Management

System and Hotline

facility

Acknowledged as the

market leader in the area

of IFRS and U.S. GAAP –

experience with more

than 200 IFRS projects

across industry sectors

Part of dedicated Accounting Advisory

Services practice

Proprietary training

material developed based

on extensive technical

and practical experience

Presence across the

country – ability to serve

various companies using

local trainer pool

KPMG

Learning Solutions

Extensive knowledge and

experience of the F&A

sector gained through

working with top

companies

Appendix




Our Learning Methodology:Illustration (1/2)

13

Nature of Transaction Purchase of fixed assets

Voucher to be prepared Debit Voucher

Documents to be referred Purpose (Format of each document to be discussed)

Purchase Order To cross check the price of asset purchased

Invoice For value of fixed asset purchased

Cheque For entering the payment

Payment Authorization Relevant Mail / Approval of Invoice

Format of voucher

Impact onProfitability - No Impact with relevant explanation

Balance Sheet - Asset Value Increases with relevant explanation

Presentation

In Profit and loss Account - No Presentation

In Balance Sheet - Fixed Asset: Gross Block

Less: Accumulated Depreciation

Net Block

{Reference to format extract of Balance Sheet of companies }




Our Learning Methodology: Illustration (2/2)

Tax Impact

Current {To be discussed In Income Taxes at appropriate places with a link to

this transaction treatment}

Deferred

Journal Entry to be passed

(Demonstration of the entry in fixed

asset register)

Fixed Asset A/C Dr To Bank/Loan/Cash A/c Cr

{ Copy of duly filled Voucher}

Periodicity

{Explanation}

Accounting - On purchase of asset

Reporting - At each balance sheet date

Compliance

Income Tax Act

Companies act

Sales Tax Act

Service Tax Act

Critical points

Types of assets

Various reports relating to fixed assets like fixed asset register

Classification of fixed assets under different class

Why Block of asset concept

Payment in installments

Other costs relating to purchase like testing, installation etc

Jointly owned assets

Asset received under government Grant

Asset acquired on Lease

Thank You

Jatin SabharwalAccounting Advisory Services

Phone: +91- 9818288636

Email: [email protected]

This proposal is made by KPMG in India, an Indian Registered Partnership and a member firm of the KPMG network of independent 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

© 2012 KPMG, an Indian 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.

BangaloreSolitaire, 139/26, 3rd Floor,

Inner Ring Road,

Koramangala,

Bangalore 560071

Tel +91 80 3980 6000

Fax +91 80 3980 6999

ChandigarhSCO 22-23

1st floor. Sector 8 C

Madhya Marg

Chandigarh 160019

Tel : 0172 3935778

Fax 0172 3935780

ChennaiNo. 10, Mahatma Gandhi Road,

Nungambakam,

Chennai 600 034

Tel +91 40 3914 5000

Fax +91 40 3914 5999

DelhiBuilding No.10,

Tower B, 8th Floor,

DLF Cyber City, Phase – II

Gurgaon 122002 Haryana

Tel +91 124 3074000

Fax +91 124 2549101

Hyderabad8-2-618/2

Reliance Humsafar,

4th Floor

Road No. 11, Banjara Hills

Hyderabad 500 034

Tel +91 40 6630 5000

Fax +91 40 6630 5299

Kochi4/F, Palal Towers,

M. G. Road,

Ravipuram, Kochi 682016

Tel +91 (484) 302 7000

Fax +91 (484) 302 7001

KolkataInfinity Benchmark, Plot No.G-1,

10th floor, Block - EP & GP,

Sector - V, Salt Lake City

Kolkata 700091

Tel: +91 33 44034066

Fax: +91 33 4403 4199

MumbaiLodha Excelus, 1st Floor,

Apollo Mills Compound,

N.M. Joshi Marg, Mahalakshmi,

Mumbai 400 011

Tel +9122 39896000

Fax +91 22 39836000

Pune703, Godrej Castlemaine

Bund Garden

Pune 411 001

Tel: +91 20 3058 5764/ 65

Fax: +91 20 30585775

Ahmedabad Safal Profitaire

B4 3rd Floor, Corporate Road,

Opp. Auda Garden, Prahlad

Nagar

Ahmedabad – 380 015

Tel: +91 (79) 4040 2200

Fax :+91 (79) 4040 2244