Diversity in accounting practices across countries makes it difficult to prepare consolidated financial statements for companies with foreign operations. A Company lets say, while headquartered in Michigan, conducts business on six continents, has multiple facilities, in more than 100 countries, across different time zones, with each subsidiary preparing financial statements in accordance with their local regulations and in their local currency.
Not only does this company have to reconcile the accounting practices with its parent country like the Generally Accepted Accounting Principles (GAAP), if their stock is traded in a foreign capital market, they need to report their consolidated financial statements in accordance with local GAAP, or International Financial Reporting Standards (IFRS).
All of the options make it difficult for the users of the financial statements to compare information from different companies, and requires accountants who prepare and audit financial statements to be fluent in multiple sets of accounting standards.
From an accounting perspective in a global economy it makes sense to have one set of global accounting standards.
We are facing a multitude of challenges globally, from budgetary pressures and revenue limitations to intense scrutiny of public finances, all at the same time as rapidly increasing demand for high-quality accounting services.
The global accountancy profession, with its public interest mandate, has a critical role to play in helping to address these challenges by ensuring transparency and accountability in financial management. With increased financial interdependencies between countries, homogenous ways of accountingand reporting on governmental activities are needed in order to have coordinated policy decisions and budgeting procedures, as well as comparable accounting of budget execution.
To address these requirements, the BSE Institute has launched the Global Accountancy Professional Program (GAPP).
It’s no longer adequate for the industry’s CFOs to be bean-counters whose top skill is creating spreadsheets. They must understand strategy and have a thorough knowledge of how the entire business works.
The scope of a bright career and secure future that leads to financial freedom is on the rise. Thecompanies (all sizes and might) are becoming more and more aware of the Global accounting Standards, its repute and value as an international standard.
Top MNCs inclusive of the BIG FOURS that engage with international clients have large requirement for candidates trained in Global Accounting. Apart from them, the core companies such as TATA, BARCLAY’S, STANDARD CHARTERED, BDO, GRANT THORNTON etc are also recruiting students with knowledge of global accounts.
The various job profiles that a student can follow after the successful completion of GAPP course in India
Use advanced accounting knowledge to address organizational issues.
Evaluate complex accounting situations.
Assess emerging and global accounting issues that can contribute to organizational success.
Articulate a process for making ethical decisions
The experts teach by lecturing & demonstrating.
The BSE Institute Limited is a wholly owned subsidiary of the BSE Limited. BSE Institute Ltd. (BIL) inherits from BSE, knowledge and insights into the capital markets industry, garnered over the past 145 years. BIL conducts a wide range of programs ranging from 1-Day workshops to 2-years full time post graduate programs in financial markets. We train & certify over 20,000 participants gradually. BIL also conducts certification exams for financial market professionals to enable them to further their careers in various areas like cash markets, derivatives, and mutual funds. Our commitment to being at the forefront of the current and evolving practice of business has led to programs that reflect the realities of the marketplace.
BSE Institute Limited is also the promoter of BFSI Sector Skill Council of India & Zone Start up India. BFSI Sector Skill Council of India is a nodal body between industry & National Skill Development Corporation Ltd. it helps implement all the national skills program on behalf of the government of India. Zone Startup India, is a leading startup accelerator in India & the world’s first startup accelerator setup within a Stock Exchange.
BSE Institute Limited is a ISO 9001:2008 assessed and certified company.
BSE Ltd. is the first stock exchange that came into existence in Asia. What is now popularly known as BSE Ltd., was established as “The Native Stock Brokers’ Association” in 1875. BSE Ltd. was the first to be granted permanent recognition under the Securities Contract Regulation Act, 1956.
Over the past 145 years, BSE Ltd. has facilitated growth of the Indian corporate sector by providing it with an efficient capital raising platform. It boasts of the following:
BSE Ltd. has played a pioneering role in the development of the Indian securities market. It is world’s biggest bourse, in terms of listed companies & also the world’s fastest exchange with a trading speed of 6 microseconds, in terms of market capitalization BSE Ltd. is India’s biggest Stock Exchange in terms of Market capitalization.
Our vision is to be the most sought after learning provider in the world in areas of financial & leadership training. And pioneer the generation and dissemination of knowledge for the enhancement of skills and capabilities of professionals and aspiring professionals.
As a centre of learning, our mission is to promote an open learning environment that brings together people, cultures and ideas from around the world,changing lives and helping transform organizations through innovative learning programs.