Supporting Adoption of IFRS, through IFRS Training and Use of the Translated IFRSs (Arabic).
Design and deliver an IFRS training program for the accountants and auditors working in the Iraqi Ministry of Finance.
Design and deliver an IFRS training program and workshop geared towards university undergraduate students in finance and banking programs.
Design and deliver a Workshop on IFRS for SMEs for SMEs Staff. focused on providing updates and addressing implementation challenges and success factors.
IAS (All 29)& IFRS 1-9 issued by International Accounting Standards Board (IASB)& International Financial Reporting Standards Foundation (IFRSF).
The course is designed to assure that attendees receive practical guidance in applying International Financial Reporting Standards “IFRS”.
The course is a mix of formal taught sessions, interactive workshops and group sessions and in addition, an exam is to be organized on Day 10 for trainees who would like to become certified as “IFRSE”. The course provides the participant with knowledge and practical experience in applying IFRS enabling who passes the exam become International Financial Reporting Standards Expert “IFRSE” .
The “IFRSE” certification attests to the fact that an individual has successfully completed the course and is competent to apply International Financial Reporting Standards “IFRS” measurement and management techniques in their business.
IAS 2: Inventories
Day one will focus on all significant of IAS 1, IAS 2 and IAS 37 requirements with detailed explanations,examples and exercises presented by an expert instructor.
IAS 7: Cash Flow Statement
This day course provides review of the IAS 16, IAS 7 and the major technical requirements of IFRS 3.
Case study : The delegate groups will solve the examples provided by lecturers and then work to match the model solutions.
IAS 38: Intangible Assets
IAS 34: Interim Financial Reporting
This day course focuses on Intangible Assets (IAS 38) Borrowing Costs (IAS23) Interim Financial Reporting (IAS34) and Segment Reporting (IFRS8).
At the end of the day the instructor will provide the participant with examples and solve several case studies.
IFRS 7: Financial instruments: Disclosures
This day course provides delegates with the information needed to understand and apply the significant revision to IFRS 7 and IAS 27.
financial statements which enables the participant to review all major techniques of IFRS 7 and IAS 27 in addition to examples and case studies.
IAS 32: Financial Instruments: Presentation
In this day the instructor will cover the IAS 32 which help delegates to understand principles for presenting
In addition to IAS 39 which cover the principles for recognizing and measuring financial assets and financial liabilities.
IFRS 9 Financial Instruments: Classification and measurement
IAS 40: Investment Property
In this day course participants will get the knowledge on all aspects related to IAS 12, IAS 40 and IAS 24.
IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
On that day, the participant will be fully provided with an overview about the content of each of the IFRS
As well, at that day participants will be provided with case studies that will be presented and discussed.
IAS 36: Impairment of assets
IFRS 4: Insurance contracts
IAS 41: Agriculture
IAS 17: Leases
Discussion and practical examples include the above standards using comprehensive data supplied.
IAS 31: Interests in Joint Venture
IAS 33: Earnings Per Share
IAS 20:Accounting for Government Grants and Disclosure of
IAS 26: Accounting and Reporting by Retirement Benefit Plans
Day nine provides a comprehensive understanding
Resources (IFRS 6) the theory and application of
In addition to assure the comprehension of
Delegates would benefit also from the exercises
which will be organized on day ten, will be used to assess whether
The (IFRSE) certification attests to the fact that an individual has successfully completed the course and is Competent to apply International Financial Reporting Standards and its comprehension in his business.
The course is case studies driven supported by expert lecturers; this allows delegates to put into practice the theories presented to them and ensures the maximum delegate involvement. Some evening work may be required to complete practical examples. At all stages of the course “Model” answers are supplied so that
- many training periods on IFRSE&ISA&CMA in:-
- Parliament Iraq.
- Ministry of industry .
- private colleges( AL- Mansur, AL-Mammon).
- out Iraq:-
- -Period IFRSE in Lebanon with the American Academy for Business management & Arab Organization for Certified Public Accountants. July2007.
- -Period IFRSE in Lebanon with the American Academy for Business management & Arab Organization for Certified Public Accountants .Augest2008
ICC Designing and delivering A training course that summarizes IFRS. The program is subject to change based on revisions made to IFRSs and other financial reporting standards.
Continue to support Iraqi companies in adopting IFRSs, and updating Action Plan whenever necessary.