Why IND AS Skills Matter in FAAS
FAAS consultants play a crucial role in helping companies implement complex accounting standards, prepare financial statements, and navigate regulatory changes. Whether it's a first-time IND AS adoption project, a business combination, or lease accounting under IND AS 116, these professionals are expected to bridge the gap between compliance and advisory.
Firms like EY, Deloitte, KPMG, and PwC actively seek candidates who have practical exposure to IND AS beyond textbook knowledge. The ability to interpret standards, apply them in Excel-based models, and draft technical memos is highly valued in interviews and on the job.
The Skills Gap in Traditional CA Learning
While the CA curriculum introduces students to IND AS, it often lacks practical depth. Most CA aspirants are trained to pass exams, not to model lease calculations in Excel or prepare consolidated financials using IND AS 110. This creates a major skills gap when they step into advisory roles.
What’s missing is hands-on exposure—like drafting IND AS Schedule III financials, working through real estate or NBFC-specific IND AS adjustments, or calculating deferred taxes with precision.
Building Real-World Competence: What You Need to Learn
To be FAAS-ready, a CA aspirant must dive deep into key IND AS topics that appear in real consulting scenarios:
- IND AS 115: Revenue recognition for complex contracts
- IND AS 116: Lease accounting including ROU asset and liability computation
- IND AS 109: Financial instruments and fair value measurement
- IND AS 103 & 110: Business combinations and group consolidations
Learning these isn’t about theory—it’s about applying the standards using Excel templates, interpreting financial impacts, and preparing disclosures in line with Schedule III.
IND AS Course That Prepares You for Advisory Roles
Many candidates are now turning to specialized platforms that offer practical learning. A great example is the IND AS Course by Thinking Bridge, designed by CA Rakshit Mittal—an EY FAAS alumnus. What sets it apart is its focus on real-world application:
- Over 40 hours of expert-led video content
- Advisory case studies with step-by-step implementation
- Excel templates for IND AS modeling
- A downloadable Interview Guidebook for Big 4 and FAAS interviews
This IND AS Course is more than a study plan—it’s a simulation of what you’ll face as a consultant, helping you stand out in competitive hiring processes.
From Student to Consultant: Navigating the Transition
Your journey from a CA student to a trusted FAAS advisor is defined by how well you can apply knowledge. Interviewers are no longer asking what IND AS 116 says—they’re asking how to implement it in an NBFC with multiple lease assets.
By mastering IND AS through a practical, structured approach, you build the confidence to crack interviews and deliver from day one. Whether you’re aiming for a Big 4 role or joining a boutique advisory firm, having real implementation experience makes all the difference.
Final Thoughts
For any CA aspirant with their sights set on a consulting career, developing IND AS expertise is non-negotiable. And with focused learning options like the Thinking Bridge IND AS Course, that journey is more accessible and impactful than ever before.