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 organized a training course entitled “Application of International Accounting Standards.” The course was held outside Baghdad Governorate at the Kirkuk Oil Training Institute from October 5, 2025, to October 16, 2025. This course was part of the basic training courses for Ministry of Oil employees. A number of employees from the northern region (Kirkuk Oil Institute, North Oil Institute, North Oil Company, North Refineries Company, North Gas Company) participated in the course. The lecturers from the Institute included Professor Dr. Muhammad Abdullah Ibrahim, Professor Dr. Ali Abbas Karim, Assistant Professor Dr. Hakim Hamoud Falih, and lecturer Dr. Ghazi Maan Faisal.
The course covered several topics related to the application of international accounting standards, including the International Financial Reporting Standard (IFRS 1), the International Accounting Standard for Inventories, International Standard 7 for Corporate Activities, and Fair Value Standard No. 13. It also addressed changes in foreign exchange rates and their impact on assets, liabilities, and planning budgets. Several practical cases were presented as examples of the application of the standards and discussed with the participants. At the conclusion of the course, participants were tested and awarded certificates of appreciation by the Head of the Accounting Studies Department at the Higher Institute of Accounting and Financial Studies (Prof. Dr. Mohammed Abdullah Ibrahim). He emphasized the Institute’s readiness to continue scientific and professional cooperation to develop the capabilities and knowledge of Ministry of Oil employees in aspects related to the application of international accounting standards.
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.”
