DOHA: EY organised its International Financial Reporting Standards (IFRS) update seminar specifically for banks and financial institutions at W Doha Hotel in Qatar. The seminar was attended by representatives from the major banks and insurance companies in Qatar.
The two-day event brought participants up-to-date on the latest IFRS (International Financial Reporting Standards) developments and new pronouncements, and their impact on financial reporting.
In particular, IFRS 9 “Financial Instruments” were extensively discussed and explained with practical examples, including the recently issued hedging component of IFRS 9. The status of all FASB – IASB projects was reviewed as well as the latest updates in IFRS and International Financial Reporting Interpretations Committee (IFRIC).
Imtiaz Ibrahim, Partner, Financial Accounting Advisory Services, EY Qatar, said: “The volume of changes to IFRS has been significant and is likely to continue in the foreseeable future. The challenge will be to assess the implications of the changes, some of which will go beyond matters of accounting, potentially also impacting business decisions and information systems”.
The sessions were led by Michalis Pekris, ACCA. He is one of the leading presenters on IFRS and has over twelve years of experience delivering high level financial reporting programs all over the Middle East and Europe.
The Peninsula
DOHA: EY organised its International Financial Reporting Standards (IFRS) update seminar specifically for banks and financial institutions at W Doha Hotel in Qatar. The seminar was attended by representatives from the major banks and insurance companies in Qatar.
The two-day event brought participants up-to-date on the latest IFRS (International Financial Reporting Standards) developments and new pronouncements, and their impact on financial reporting.
In particular, IFRS 9 “Financial Instruments” were extensively discussed and explained with practical examples, including the recently issued hedging component of IFRS 9. The status of all FASB – IASB projects was reviewed as well as the latest updates in IFRS and International Financial Reporting Interpretations Committee (IFRIC).
Imtiaz Ibrahim, Partner, Financial Accounting Advisory Services, EY Qatar, said: “The volume of changes to IFRS has been significant and is likely to continue in the foreseeable future. The challenge will be to assess the implications of the changes, some of which will go beyond matters of accounting, potentially also impacting business decisions and information systems”.
The sessions were led by Michalis Pekris, ACCA. He is one of the leading presenters on IFRS and has over twelve years of experience delivering high level financial reporting programs all over the Middle East and Europe.
The Peninsula
