Latest news with #FinancialandAccountingCapacity-BuildingProject
Yahoo
19-02-2025
- Business
- Yahoo
UAE MoF launches IPSAS certification
The United Arab Emirates' (UAE) Ministry of Finance (MoF), in collaboration with the Association of Chartered Certified Accountants (ACCA), has initiated an International Public Sector Accounting Standards (IPSAS) certification programme. This programme commenced with a training session in Dubai from 17 to 21 February 2025, according to a press release posted on Zawya. It is targeting the enhancement of skills for financial professionals within federal ministries and entities. Participants in this programme include financial managers, department heads specialising in finance and accounting, as well as accountants. The IPSAS certification is a part of the Financial and Accounting Capacity-Building Project. The project is aimed at bolstering the expertise of federal government financial professionals through governmental collaboration and integration. The certification is tailored to meet the demands of financial and accounting professionals at the federal level. It seeks to augment their analytical and technical skills, enabling them to tackle accounting challenges while adhering to international financial reporting standards. By 2025, the programme aspires to certify and graduate one hundred public sector professionals. The partnership with ACCA is intended to equip government employees with the necessary tools to apply international accounting standards and fostering transparency and financial efficiency. The benefits of this initiative extend to the improvement of financial reporting quality and the assurance of greater accuracy in data used for decision-making processes. MoF Mariam Mohamed Al Amiri Government Financial Management Sector assistance undersecretary 'The IPSAS certification programme is a significant step in the right direction. It will bolster the Ministry of Finance's recently launched financial and accounting capacity-building project. 'The latter aims to equip accountants and financial professionals in federal entities with the skills needed to adopt accrual-based accounting standards, ensuring the UAE's leadership in financial innovation and governance.' The workshop represents a segment of the broader partnership agreement signed between the MoF and ACCA in November 2024. "UAE MoF launches IPSAS certification" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Mid East Info
18-02-2025
- Business
- Mid East Info
Ministry of Finance Launches IPSAS Certification to Strengthen Financial Expertise in the Federal Government
Launched in partnership with the Association of Chartered Certified Accountants (ACCA). Aims to train and certify 100 specialised federal government financial professionals by 2025. A key milestone in the financial and accounting capacity-building project. The Ministry of Finance has launched the International Public Sector Accounting Standards (IPSAS) certification in collaboration with the Association of Chartered Certified Accountants (ACCA), in yet another move that is set to bolster strategic partnerships and reinforce its position as a global leader in public finance. The certification programme, which began with a training session in Dubai from February 17 to 21, 2025, aims to develop the expertise of financial professionals across federal ministries and entities. Participants included financial managers, department heads specialising in finance and accounting, and accountants. The launch of this certification is part of the Financial and Accounting Capacity-Building Project for financial professionals in the federal government, within the framework of governmental collaboration and integration. The IPSAS certification is designed to address the growing needs of financial and accounting professionals at the federal level by improving their analytical and technical capabilities to navigate complex accounting challenges while ensuring compliance with international financial reporting standards. The programme aims to certify and graduate 100 public sector professionals by 2025. Resource Optimisation: Her Excellency Mariam Mohamed Al Amiri, Assistant Undersecretary of the Government Financial Management Sector at the Ministry of Finance, said, 'The launch of the IPSAS certification, in partnership with ACCA, reaffirms the Ministry's commitment to enhancing financial efficiency and improving transparency in the preparation of government financial reports.' 'This initiative will not only support our ongoing efforts to transition to international accounting standards, and strengthen financial governance, but will also ensure the optimal use of government resources and contribute to financial sustainability. Additionally, qualifying financial personnel in the federal government according to the latest global standards will further enhance the readiness of government entities to adapt to rapid economic changes, boosting their competitiveness on both the local and international stages.' 'The IPSAS certification programme is a significant step in the right direction. It will bolster the Ministry of Finance's recently launched financial and accounting capacity-building project. The latter aims to equip accountants and financial professionals in federal entities with the skills needed to adopt accrual-based accounting standards, ensuring the UAE's leadership in financial innovation and governance,' Al Amiri added. Promoting Transparency: The partnership with ACCA will play a key role in empowering government employees to implement international accounting standards effectively, enhancing transparency and financial efficiency. This, in turn, improves the quality of financial reporting and ensures greater accuracy in the data used for decision-making. The workshop is part of the partnership agreement signed between the Ministry of Finance and ACCA back in November 2024, which outlines the launch of three specialised certifications in 2024 and 2025: the International Public Sector Accounting Standards Certificate (CERT IPSAS), Certificate in Public Financial Management (Cert PFM), and the Certificate in Sustainability for Finance (Cert SF)
Zawya
18-02-2025
- Business
- Zawya
Ministry of Finance launches IPSAS Certification to strengthen financial expertise in the Federal Government
Aims to train and certify 100 specialised federal government financial professionals by 2025. A key milestone in the financial and accounting capacity-building project. Dubai: The Ministry of Finance has launched the International Public Sector Accounting Standards (IPSAS) certification in collaboration with the Association of Chartered Certified Accountants (ACCA), in yet another move that is set to bolster strategic partnerships and reinforce its position as a global leader in public finance. The certification programme, which began with a training session in Dubai from February 17 to 21, 2025, aims to develop the expertise of financial professionals across federal ministries and entities. Participants included financial managers, department heads specialising in finance and accounting, and accountants. The launch of this certification is part of the Financial and Accounting Capacity-Building Project for financial professionals in the federal government, within the framework of governmental collaboration and integration. The IPSAS certification is designed to address the growing needs of financial and accounting professionals at the federal level by improving their analytical and technical capabilities to navigate complex accounting challenges while ensuring compliance with international financial reporting standards. The programme aims to certify and graduate 100 public sector professionals by 2025. Resource Optimisation Her Excellency Mariam Mohamed Al Amiri, Assistant Undersecretary of the Government Financial Management Sector at the Ministry of Finance, said, "The launch of the IPSAS certification, in partnership with ACCA, reaffirms the Ministry's commitment to enhancing financial efficiency and improving transparency in the preparation of government financial reports.' 'This initiative will not only support our ongoing efforts to transition to international accounting standards, and strengthen financial governance, but will also ensure the optimal use of government resources and contribute to financial sustainability. Additionally, qualifying financial personnel in the federal government according to the latest global standards will further enhance the readiness of government entities to adapt to rapid economic changes, boosting their competitiveness on both the local and international stages." 'The IPSAS certification programme is a significant step in the right direction. It will bolster the Ministry of Finance's recently launched financial and accounting capacity-building project. The latter aims to equip accountants and financial professionals in federal entities with the skills needed to adopt accrual-based accounting standards, ensuring the UAE's leadership in financial innovation and governance,' Al Amiri added. Promoting Transparency The partnership with ACCA will play a key role in empowering government employees to implement international accounting standards effectively, enhancing transparency and financial efficiency. This, in turn, improves the quality of financial reporting and ensures greater accuracy in the data used for decision-making. The workshop is part of the partnership agreement signed between the Ministry of Finance and ACCA back in November 2024, which outlines the launch of three specialised certifications in 2024 and 2025: the International Public Sector Accounting Standards Certificate (CERT IPSAS), Certificate in Public Financial Management (Cert PFM), and the Certificate in Sustainability for Finance (Cert SF)
