AMMAN – The International Arab Society of certified Accountants (IASCA) – Jordan, held the following training courses in September 2018:
A contractual training course titled "Financial Instruments and Hedge Accounting" was held for a number of participants from different economic sectors. The training course aimed at introducing participants to the requirements of recognition, measurement, presentation, and disclosure of financial instruments and hedge accounting according to the International Financial Reporting Standards.
The training course will provide the participants with the needed knowledge of the requirements of the initial recognition, classification, and subsequent measurement of financial assets on the date of the preparation of financial statements, along with the methods of recognizing the evaluation of financial assets' profits or losses and the needed disclosures. Also, the training course will address the hedging concept using the financial derivatives showing their accounting treatment. The hedging concept will be addressed using financial derivatives and their accounting treatment.
A contractual training course titled "Financial Analysis and Companies Evaluation" was held for a number of participants from the Social Security Investment Fund. The training course aimed at providing the participants with the most recent trends, approaches, and approved measures in the field of the preparation of financial statements for holding and subsidiary companies, the accounting of mutual transactions, and the accounting of external transactions and its problems encountered upon preparing financial statements about mergers of different kinds of companies according to the most recent prevailing standards.
A specialized training course titled "Accounting for non-Accountants" was held for a number of TAG-Org employees. This training course aimed at introducing the participants to the basic accounting concepts, methods of registering and carrying forward the accounting entries, and inventory settlements along with introducing them to the fundamental financial statements and their importance and the benefits of every financial statement and how to analyze and interpret the financial statements for the purpose of making administrative decisions.
The IASCA in collaboration with Bayt Al-Hikma (House of Wisdom) Foundation for Human Development and Training in Baghdad held a qualifying training course for the IFRS expert for a group of participants from the local community in Iraq. This qualification course aimed at building and developing the necessary knowledge capabilities related to understanding the practical aspects and application of the IFRS in a professional way along with helping in the continuous professional development in the field of IFRS, and following up the most recent modifications to qualify the participants for the certificate exam. The participants extended their gratitude to the Society for the knowledge they gained from the course.