In light of the new global developments, and with the expansion of globalization and international competition, competitiveness has become the main driver for the continued success of establishments. It plays a vital role in improving their financial, accounting, and institutional performance through effective financial planning.

Within this context, the importance of both the International Accounting Standards (IAS) and the modern International Financial Reporting Standards (IFRS) becomes evident. These standards are crucial for organizing procedures, closing final accounts, and presenting financial reports honestly and fairly—especially in today’s modern electronic and digital operating environment.

This workshop aims to enable participants to understand the concepts and application areas of the International Accounting Standards (IAS) as well as the standards for preparing financial reports (IFRS). It will cover the latest amendments to the International Financial Reporting Standards (IFRS) and evaluate the impact of these new standards on organizations. Participants will also learn methods for determining correct and permissible disclosures and presentations in the financial statements of the financial position, along with gaining familiarity with the rules of financial analysis—how to read financial statements, interpret them, and prepare reports on both the current and projected financial position.

In line with the role of the Arab Industrial Development, Standardization and Mining Organization (AIDSMO) in supporting industrial and economic development in Arab countries, the workshop contributes to raising the competitiveness of industrial products. This requires enhancing the capabilities and skills of Arab human resources in the industrial and mining sectors across various fields.

As part of its efforts to stay up to date with new developments and to advance the infrastructure of the industrial sector, the Organization has made preparations to hold this specialized workshop on Preparing Financial Statements According to International Financial Reporting Standards (IAS, IFRS) in Industrial and Mining Institutions.