Course Overview: The National Institute of Professional Promotion Skills (NIPPS) offers a comprehensive and specialized course known as the Certified IndAS Professional (CIP). This course is designed to equip individuals with a deep understanding of Indian Accounting Standards (IndAS) and to enable them to excel in the field of accounting and finance. With a focus on practical knowledge and industry-relevant skills, the CIP program is tailored to provide participants with the expertise needed to navigate the complex world of financial reporting.

The Certified IndAS Professional (CIP) course is an online program offered by NIPPS, catering to individuals who aspire to become proficient in the application of Indian Accounting Standards. The course is structured to provide a comprehensive understanding of the IndAS framework, including its principles, guidelines, and practical implications. The curriculum is meticulously crafted to address the evolving needs of the accounting profession and to empower participants with the knowledge necessary to excel in their careers.

Eligibility: The eligibility criteria for enrolling in the course is minimal. Candidates having basic qualification are eligible to apply for this course.

Course Structure:

Module 1: Introduction to IndAS (Foundation Level) This module serves as a solid foundation, introducing participants to the world of Indian Accounting Standards. Topics covered include the history and rationale behind IndAS, its scope, benefits, and the roadmap for implementation. Participants gain insight into how IndAS differs from the previously used accounting standards and how these changes impact financial reporting.

Module 2: IndAS Framework and Principles In this module, participants delve into the fundamental principles that underpin the IndAS framework. Concepts such as fair value measurement, substance over form, and prudence are explored in detail. Participants develop a clear understanding of the conceptual framework that guides the application of IndAS in various scenarios.

Module 3: IndAS Financial Statements Module 3 focuses on the preparation and presentation of financial statements under the IndAS regime. Participants learn about the specific requirements for balance sheets, income statements, cash flow statements, and changes in equity. Practical exercises and case studies help participants apply their knowledge to real-world financial reporting scenarios.

Module 4: IndAS and Specific Industries This module delves into the application of IndAS in specific industries such as banking, insurance, telecommunications, and more. Participants gain insights into the unique challenges these industries face in terms of financial reporting and how IndAS addresses these challenges.

Module 5: Consolidation and Business Combinations Understanding consolidation and business combinations is essential for accounting professionals. This module covers the intricacies of consolidating financial statements and accounting for business combinations under the IndAS framework. Participants learn how to handle complex scenarios involving subsidiaries, associates, and joint ventures.

Module 6: Case Studies and Practical Application This module provides participants with an opportunity to apply their knowledge through case studies and practical exercises. Participants analyze real-world financial statements, identify IndAS implications, and make informed judgments. This hands-on approach ensures that participants are well-equipped to handle complex financial reporting situations.

Assessment and Certification: Throughout the course, participants will undergo periodic assessments to gauge their understanding and progress. These assessments may include quizzes, assignments, and practical exercises. Upon successful completion of the course and the assessment requirements, participants will receive the Certified IndAS Professional (CIP) certification from NIPPS.

Total Fees and Study Material: The total course fee for the Certified IndAS Professiional (CIP) program is Rs. 2,500/-. This fee covers access to all course modules, assessments, and learning resources. Additionally, participants will receive a comprehensive study material package delivered to their address through postal services. This study material includes textbooks, reference materials, and other resources that support the learning journey.

Mode of Instruction: The Certified IndAS Professional (CIP) course is conducted entirely online. Participants can access course materials, lectures, assignments, and assessments through a user-friendly online platform. This mode of instruction offers flexibility, allowing participants to learn at their own pace and accommodate their existing commitments.

The Certified IndAS Professional (CIP) course offered by NIPPS is a transformative learning experience designed to equip individuals with the skills and knowledge required to navigate the complex landscape of Indian Accounting Standards. By providing a structured curriculum, practical application, and comprehensive study materials, NIPPS empowers participants to become adept Certified IndAS Professionals, capable of making informed financial reporting decisions in compliance with the IndAS framework. This course not only paves the way for a successful career in accounting and finance but also contributes to raising the standards of financial reporting across industries.