The Institute of Chartered Accountants, (Ghana), in pursuit of its mandatory responsibility in regulating the practice of accountancy in Ghana, officially launched the formal adoption of International Financial Reporting Standards (IFRS) on the 23rd January 2007.  In order to provide the necessary forum for its members and other Ghanaian professionals, particularly those in accounting and finance to update their knowledge in, and deepen their appreciation of, the internationally approved accounting standards, is organising two two-day workshops.

The theme is: “Compliance with International Financial Reporting Standards”

These workshops have been designed for ICAG Members and other accounting and finance professionals in industry, commerce, public practice and academia.  In order to make the workshops very beneficial, the Secretariat has put together a team of eminent academicians and practitioners to facilitate the two workshops.

The first workshop which would run from 11th to 12th July 2007 would cover the following standards:

1.          Employer Benefits                                                               (IAS 19)
2.         Income Taxes                                                                       (IAS 12)
3.         Effects of changes in Foreign Exchange Rates             (IAS 21)
4.         Segmental Reporting                                                          (IFRS 8)

The second workshop which would be organised on the 25th and 26th July 2007 would cover the following standards:

1.        Accounting for Government Grants                                   (IAS 20)
2.         Impairment of Assets                                                          (IAS 36)

3.         Accounting for Intangibles                                                  (IAS 38)>
4.         Borrowing Costs                                                                   (IAS 23)>
5.         Investment Properties                                                         (IAS 40)