News
ASCA Holds Multiple Training Sessions in February 2024
03-Mar-2024
AMMAN - The Arab Society for Certified Accountants (ASCA- Jordan), held a number of diverse training courses in February 2024, covering various topics such as:
International Arab Certified Management Accountant (IACMA)
A comprehensive digital training course was conducted to prepare participants for the "International Arab Certified Management Accountant (IACMA)" certification, conducted through the ‘Microsoft Teams’ platform.
The course is designed to provide participants - all over the Arab world - with advanced managerial accounting skills. This is to enable them to effectively analyze financial statements in accordance with the International Financial Reporting Standards (IFRS), and to improve proficiency in various areas, including management, financial accounting, cost accounting, economics, and finance.
The training course included the following subjects:
• Part I: Financial Accounting and Costs, including:
- Financial Accounting: (Fundamentals of financial accounting, financial reporting, accounting processes related to inventory counting, ...etc.)
- The IFRS: Revenue recognition IFRS, ...etc.
- Cost Accounting: The concepts and terminologies relevant to costs, ...etc.
- Internal Control.
- Professional Behaviors and Ethics.
• Part II: Managerial Accounting and Financial Management, including:
- Analysis of Financial Statements.
- Financial Management and Investment Decisions (The nature and objectives of financial management, the sources of finance for financial institutions and the capital structure..., etc.)
- Decision Analysis and Risk Management.
- Budgets.
- Decision Making.
- Financial Control.
- Corporate Governance.
The Implementation Impact of Basel III Requirements on Banks
The Industrial Bank of Iraq hosted a training course entitled "Understanding Basel III Requirements and their Implications on Banks." During this course, a group of cadres from the Bank were familiarized with the complications of the Basel III, which seeks to strengthen the minimum capital adequacy standards set forth in Basel II. Furthermore, Basel III introduces regulations to liquid asset reserves and funding stability, aimed at reducing the risk of a bank run.
Participants were guided on how to implement Basel III requirements efficiently and effectively within the operations of the Bank. Additionally, working papers were prepared to facilitate the practical application of the course content.
At the end of the training course, certificates of attendance were distributed to all participants, who expressed their satisfaction with the course’s subjects that matched their practical, emphasizing their readiness to set for the certification exam.