Armenian students in the lead
The eagerly awaited ACCA exam results for December 2009 show that yet again Armenian students are leading the field in obtaining this prestigious professional qualification. The results show that Armenia produced eight new affiliates (those who have completed the gruelling 14 examinations), whereas Azerbaijan produced only three and Georgia one... more
ACCA courses leading to the June 2010 examinations
IAB Centre is pleased to announce the launch of ACCA courses leading to the June 2010 examinations. For a copy of our ACCA June 2010 Info pack which includes course schedule, price list, and electronic booking form* please click here.
*If you do not have Adobe Reader the latest version (Version 9) can be downloaded free from http://www.adobe.com/go/reader. (Note that some of the booking form functions do not work properly with earlier versions of Reader)
Chartered Institute of Management Accountants (CIMA)
In September 2009 IAB became a CIMA Listed Tuition Provider and registered CBA centre for the CIMA computer-based examinations. Course leading to the CIMA qualification will start in 2010. Most Armenian students who register with CIMA will be required to sit at least two (out of five) of the entry level papers but on completion of this level will be awarded the Certificate in Business Accounting (CBA). Examinations for CBA are computer-based and there are no specific deadlines; students can apply to sit the examinations at any time, subject to the administration procedures at IAB centre. There are deadlines for application to sit the professional level exams; further details are available from IAB Centre.
First time adoption of IFRS
The financial year 2009 will be the first year that Banking institutions in Armenia will be required to prepare their financial statements under IFRS. The transition from Armenian GAAP to IFRS will not simply be a case of changing the way that assets, liabilities and equity are measured and recognised at the end of the year. IFRS 1 (First time adoption of International Financial Reporting Standards) has many regulations regarding the first financial statements prepared under IFRS, all of which must be strictly applied if the entity wishes to claim that its financial statements are prepared in accordance with IFRS. more
