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  • Executive Learning Program

    Framework for Islamic Accounting Standards and Disclosures

    Date:28th September, 2018

    Venue: IBA City Campus

    Timing: 9:00 am - 5:00 pm

    Register Now! Pay Online
  • Course Description

    IBA Centre for Excellence in Islamic Finance is pleased to offer a one-day intermediate level course on Islamic Accounting Standards and disclosure requirements in Financial Statements of IFIs. The course is uniquely designed for participants seeking to develop an understanding of the Accounting standards which have been approved by ICAP and implemented by IFIs locally. The course also demonstrates, through case studies and interactive exercises, an understanding of disclosures apt for Islamic modes of financing.

    • Understand the conceptual framework for Financial Reporting in IFIs (banks and similar institutions)
    • Learn about the Islamic Financial Accounting Standards (IFAS) related to Murabaha, Ijara and Ijara Muntahia Bittamleek, profit and loss distribution for deposits and Diminishing Musharaka (exposure draft)
    • Develop an understanding of the general presentation and disclosure requirements for IFIs
    • Establish a basic level of understanding regarding guidelines for best practices in IFIs as set by AAOIFI's Accounting Standards