I am a management student .Taken Finance as my specilization.
As a part of our curiculum i am suppose to do a live project (kind of research taking a particular company as a tool on particular topic).
Can anyone guide me on which topic to choose.
Thanks and Regards
From my perspective, I suggest something to do with FX risk – not necessarily regarding currency trading per se, but more geared towards the risk experienced by multi-national companies when evaluating transfer pricing, intercompany transactions, financial reporting etc… I currently have an MBA candidate working for me that is tasked with modeling exchange risk related to electronic payment processing (credit cards).
There are plenty of topics out there – just a matter of choosing something that peaks your interest. I’m sure whichever topic you choose, there will be plenty of people on this list that will be able to provide some guidance.
The Indian Institute has only issued a concept paper on IFRS Convergence which will initially be applicable to listed and major companies and thereafter to other companies. If you choose to look at this project then I have two suggestions –
Firstly, go on the ICAI website www.icai.org and download the Concept Paper which was written in July 2007 and have a look at it.
Secondly, look at those companies in India which went in for an AIM listing in the last two years or who had to restate their financial statements for overseas listings. This would be a good start.
Please note that the ICAI has recently released two standards on Financial Instruments which are literally copies of IAS 32 and IAS 39 with a few amendments to Indianise it. Other IFRS have already been adopted in some form or the other and other projects are on their way which would reduce the differences should India chose to go ahead with the Convergence project by 2011 in the manner being proposed in the Concept Paper and if the necessary regulatory and Company Law changes be effected by then.
THE ICAI IS PLANNING TO LAUNCH AN ONLINE COURSE ON IFRS PROBABLY ON THE 4TH FEB., 2008 .
YOU MAY LOG ON AN GO THROUGH THE COURSE.