Global Accountancy
Professional Program

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 financialstatements 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 lients have large requirement for candidates trained in Global Accounting. Apart from them, the core companiessuch 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