Institute Media
Under the patronage of the Dean of the Post-graduate Institute of Accounting and Financial Studies, Chartered Accountant Assistant Professor Dr. Ali Muhammad Thajil Al-Maamouri, the Institute’s Consulting Office held a training course entitled “Application of International Accounting Standards” in the Institute’s hall at the University of Baghdad from October 19, 2025, to October 30, 2025. This course aims to develop skills and provide expertise and knowledge to employees in the Ministry of Oil’s various departments in the field of applying international accounting standards.
The course covered several topics, including measuring fair value and its impact on enhancing the transparency of financial reports, addressing changes in foreign exchange rates and their impact on assets and liabilities, and addressing provisions, liabilities, and contingent assets and their impact on accounting disclosure. It also addressed the preparation of financial statements and planning budgets and their role in supporting future planning. It also addressed improving financial control and enhancing the quality of decision-making, as well as presenting a number of practical examples and case studies, which were discussed with the participants.
At the conclusion of the course, the participants were tested. Professor Dr. Baidaa Sattar Lafta, Director of the Consulting Office, presented them with certificates of appreciation. She emphasized the need to organize such courses on an ongoing basis, which have become an important and vital topic in light of the development of the regulatory and accounting system in accordance with international standards. She also expressed the Institute’s readiness to continue scientific and professional cooperation to contribute to developing the competencies of employees at the Ministry of Oil and to maximize the use of the Institute’s consulting office’s expertise in providing training courses to various state institutions.
This course achieves the Sustainable Development Goals, represented by Goal 8, which calls for decent work and economic growth, and Goal 17, “Partnership for the Goals.”
