News
“Clarity” in the Fundamentals of Financial Accounting To pass the JCPA exam
11-Aug-2021
By Dr. Hussam Addin Ahmad Khalil – IASCA Member
And:-
Mr. Bahaa Muhammad Asafarini
Mr. Ehab Hussam Addin Khalil
The importance of the JACPA in cooperation with the Higher Council of the Accountancy Profession (HCAP) in Jordan, and the government oversight bodies is becoming crucial today. Moreover, this requires supporting professional auditors in their obtaining of licensing and allowing them to find the necessary references to back their professional and legislative materials.
Supporting a supervisory mechanism for those working in the audit profession will protect the rights of all the related parties and will reduce the gap emanating from the absence of internal administrative systems and/or tampering with the funds of corporations. This will also increase the academic and operational skills of auditors and the professionals who seek to obtain licenses to practice the profession of accountancy in Jordan.
This “Clarity” book which is full of examples and explanations helps understand the rules and standards of the profession by providing a strong theoretical background, and addressing the relevant legislations and those specifically dealing with Companies Law.
The author presents solutions to problems faced by accountants, auditors, and heads of accounting departments. It also provides full coverage of all the International Financial Reporting Standards (IFRS) using the question and answer format, in addition to brief explanations along with many examples that support all subjects relating to IFRS.
The scientific material of this book is divided into 10 chapters as follows:
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Chapter One: The conceptual framework for the preparation and presentation of financial statements
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Chapter Six: Solidarity companies
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Chapter Two: IAS (1) and the presentation of financial statements
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Chapter Seven: Cash flow statement
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Chapter Three: Inventory adjustments
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Chapter eight: financial statements analysis
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Chapter Four: Bank reconciliation statement
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Chapter Nine: Consolidated financial statements
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Chapter Five: Money exchange companies
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Chapter Ten: IAS (16) and property, plant and equipment
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This book is based on scientific references such as:-
The Encyclopedia of Applications of IFRS, IAS 7 - by Dr. Hossam Addin Ahmad Khalil.
The Jordanian Companies Law No. 22 for 1997 and the amendments thereof
The latest version of the IFRS
More details on this issue:
Dr. Hossam Addin Ahmad Khalil
Mr. Bahaa Mohammad Asafarini
Mr. Ehab Hussam Addin Khalil