IASCA Publishes IFRS Expert Certification Updated Curriculum


AMMAN- The International Arab Society of Certified Accountants (IASCA) published the updated version of the curriculum of the "International Financial Report Standard Expert (IFRS Expert) certification". This version introduces amendments consistent with the latest IFRS. The main changes include:          

(1) The addition of IFRS 14 "Regulatory Deferral Accounts", IFRS 15 "Revenue from Contracts with Customers", IFRS 16 "Leases" and IFRS 17 "Insurance Contracts".      

(2) The Incorporation of the revised financial report conceptual framework effective as of 1/1/2020. Essential changes have been made to the definition of assets and liabilities. A guide for measurement and a guide for canceling the recognition of assets and liabilities have been introduced. Offer and disclosure requirements have been modified.

(3) The modification of IAS 1, IAS 7, IAS 8, IAS 12, IAS 16, IAS 23, IAS 27, IAS 28, IAS 34, IAS 38, IAS 40, IAS 41 , IFRS 1, IFRS 2, IFRS 3, IFRS 7, IFRS 10, IFRS 11 and IFRS 12.

(4) The exclusion of the following standards and the replacement thereof by other ones: IAS 11, IAS 18 and IAS 39.     

(5) The introduction of the necessary changes to IFRIC Interpretations and SIC Interpretations due to their effect on the modified standards.