Department of Accounting and Finance hosts a training on IFRS/IPSAS

The department of Accounting and Finance of the Addis Ababa University offered a seven days training on IFRS to its 2017/18 graduating class from March 19-25, 2018 at FBE campus.

The training planned to equip students with practical skills of the new financial reporting, International Financial Reporting Standards, practiced at the work place.

On the commencement of the program, College Associate dean for Research and Technology Transfer, Habtamu Berhanu (Ph.D.) delivered a keynote speech emphasizing the importance of the training and appreciating similar efforts the department is exerting in areas of training, research and consultancy.

He stressed that such training will arm students with practical skills and enable them endure work related challenges. He said that this would further foster the good linkage the university is maintaining with the industry.

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Muluneh Dejene, Coordinator for Departmental Training and Consultancy Services, states that the training is one of the many community-based services that the department is offering in the areas of accounting, finance and business.

Muluneh also underscores that Ethiopia has passed a bill on Financial Reporting Standards. The bill requires business organizations operating in the country to follow the International Financial Reporting Standards for the preparation of financial statements and NGOs to use the International public Sector Accounting Standards (IPSAS).

The Department of Accounting and Finance of the AAU has been playing a pivotal role not only in the passage of the aforementioned financial reporting law but also its implementation in both the private and the public sectors.

As a matter of emphasis, the Department has developed tailor-made training packages on IFRS and IPSAS which are applicable in multitude of sectors. In this respect, the department has a proven experience of training more than 30 organizations and more than 3000 individual trainees from both private and public sectors and all lines of business: manufacturing, service and merchandizing.

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