The International Arab Society of Certified Accountants (IASCA) organizes a training course titled "IFRS 9" for TAGI employees
News

    12-Jan-2019

  • The International Arab Society of Certified Accountants (IASCA) organizes a training course titled "IFRS 9" for TAGI employees

AMMAN – The IASCA (Jordan) organized a training course titled (The International Financial Reporting Standard 9 - Financial Instruments (IFRS-9)) for TAGI auditors.

The course themes focused on the reasons behind the issuance of IFRS 9, the objectives and scope of IFRS 9, along with the initial recognition of financial assets, the classification of financial assets, how to classify financial liabilities and subsequent assessment thereof on the date of preparation of financial statements, and applications on the recognition of profits and losses resulting from the assessment of financial assets.

The course focused mainly on the comparison between the requirements of the new standard and the requirements of the International Accounting Standard 39 (IAS 39). Hedge accounting was also addressed where many practical applications on the requirements of IFRS 9 have been implemented.

At the end of the course, all participants received certificates of attendance and offered assurance that they have become fully aware of the requirements of IFRS 9 and are completely ready for the practical application of the standard on their work.

It is noteworthy that the IASCA always seeks to develop the sciences of accounting and management along with the related principles applicable to some or all professional services. The IASCA also seeks to enhance the level of efficiency, practice, and ethics in order to match the highest professional levels through its keenness to issue accounting releases and keep up to date with all latest updates in accounting and auditing.

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