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Union of Arab Banks concludes the cycle of application of the International Financial Reporting Standard


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Part of the opening of the International Financial Reporting Standard (IFRS). "Economy News"
  

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Economy News Baghdad

The Union of Arab Banks, in cooperation with the Central Bank of Iraq and the Association of Iraqi Private Banks, held a training course on the application of the International Financial Reporting Standard (IFRS) on Sunday.

The course aims to provide participants with skills related to accounting requirements for financial instruments, as well as measuring impairment losses or impairment of assets and financial instruments.

The director of administration and training in the Association of Iraqi Private Banks, Ahmad al-Hashemi, during the session, which was attended by "Economy News", the Central Bank of Iraq and private banks participating in the session, noting that the Association of banks always seeks through courses organized, in cooperation with its strategic partners, By the banking sector in Iraq.

"This session comes at an opportune time, especially as the International Financial Reporting Standard has become applicable this year," he added.

"The aim of the courses organized by the Union is to develop banking sectors in the Arab world and aspire to reach the best international standards," said Raja Kamouni, the Secretary General of the Union of Arab Banks.

"We, as the Union of Arab banks, thank the Governor of the Central Bank of Iraq, Ali Alaak, because he wants to cooperate with the Association of Iraqi private banks, to make the banking sector as it was before, strong and able to face all the challenges.

"We trust the banking sector in Iraq, and we trust those who work in it."

International Financial Reporting Standards (IFRS 9 ) are effective from financial periods beginning on or after 2018.


Views 36   Date Added 09/23/2018

 
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Economy News Baghdad

The Union of Arab Banks, in cooperation with the Central Bank of Iraq and the Association of Iraqi Private Banks, held a training course on the application of the International Financial Reporting Standard (IFRS) on Sunday.

The course aims to provide participants with skills related to accounting requirements for financial instruments, as well as measuring impairment losses or impairment of assets and financial instruments.

The director of administration and training in the Association of Iraqi Private Banks, Ahmad al-Hashemi, during the session, which was attended by "Economy News", the Central Bank of Iraq and private banks participating in the session, noting that the Association of banks always seeks through courses organized, in cooperation with its strategic partners, By the banking sector in Iraq.

"This session comes at an opportune time, especially as the International Financial Reporting Standard has become applicable this year," he added.

"The aim of the courses organized by the Union is to develop banking sectors in the Arab world and aspire to reach the best international standards," said Raja Kamouni, the Secretary General of the Union of Arab Banks.

"We, as the Union of Arab banks, thank the Governor of the Central Bank of Iraq, Ali Alaak, because he wants to cooperate with the Association of Iraqi private banks, to make the banking sector as it was before, strong and able to face all the challenges.

"We trust the banking sector in Iraq, and we trust those who work in it."

International Financial Reporting Standards (IFRS 9 ) are effective from financial periods beginning on or after 2018.

 

http://economy-news.net/content.php?id=13750

 

 

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Union of Arab Banks concludes the cycle of application of the International Financial Reporting Standard

 

10278.jpg

 

 

Closing session

  

 Banks

 

Economy News Baghdad

On Wednesday, the Union of Arab Banks concluded a training course organized by the Association of Iraqi Private Banks on the application of the International Financial Reporting Standard.

IFRS 9 is effective from financial periods beginning on or after 2018.

The financial adviser to the Association of Iraqi Private Banks, Samir Nasri, during the closing ceremony of the session, which was attended by "Economy News", "This session aims to teach the application of IFRSs, the standards are modern and necessary to apply in accordance with international accounting standards," stressing the need to apply from Before banks and all concerned departments.

He added that "our banks have moved since 2016 to the application of international accounting standards, means that the preparation of budgets and the results of business has been prepared in modern ways."

Nusairi stressed that the importance of this session "comes from their harmony with the aspirations of the Central Bank of Iraq and the Association of Iraqi private banks in keeping up with modern technologies."

The course aims to provide participants with the skills related to accounting requirements for financial instruments, as well as measuring impairment losses or impairment of assets and financial instruments.

Views 10   Date Added 26/09/2018

http://economy-news.net/content.php?id=13798

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International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB).

 

The goal of IFRS is to provide a global framework for how public companies prepare and disclose their financial statements. IFRS provides general guidance for the preparation of financial statements, rather than setting rules for industry-specific reporting.

 

Having an international standard is especially important for large companies that have subsidiaries in different countries. Adopting a single set of world-wide standards will simplify accounting procedures by allowing a company to use one reporting language throughout. A single standard will also provide investors and auditors with a cohesive view of finances. 

 

CBI and private banks continues moving forward to an open market economy.

 

Go CBI

Go international 

Go RV

Go $1:1

 

 

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6 hours ago, Butifldrm said:

Union of Arab Banks concludes the cycle of application of the International Financial Reporting Standard

 

10278.jpg

 

 

Closing session

  

 Banks

 

Economy News Baghdad

On Wednesday, the Union of Arab Banks concluded a training course organized by the Association of Iraqi Private Banks on the application of the International Financial Reporting Standard.

IFRS 9 is effective from financial periods beginning on or after 2018.

The financial adviser to the Association of Iraqi Private Banks, Samir Nasri, during the closing ceremony of the session, which was attended by "Economy News", "This session aims to teach the application of IFRSs, the standards are modern and necessary to apply in accordance with international accounting standards," stressing the need to apply from Before banks and all concerned departments.

He added that "our banks have moved since 2016 to the application of international accounting standards, means that the preparation of budgets and the results of business has been prepared in modern ways."

Nusairi stressed that the importance of this session "comes from their harmony with the aspirations of the Central Bank of Iraq and the Association of Iraqi private banks in keeping up with modern technologies."

The course aims to provide participants with the skills related to accounting requirements for financial instruments, as well as measuring impairment losses or impairment of assets and financial instruments.

Views 10   Date Added 26/09/2018

http://economy-news.net/content.php?id=13798

The guy in the front with the white socks needs to learn how to dress. LMAO!!!

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  • yota691 changed the title to Union of Arab Banks concludes the cycle of application of the International Financial Reporting Standard

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