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ESAA trained EGX personnel to deal with companies' merging, dividing cases - Daily News Egypt

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ESAA trained EGX personnel to deal with companies’ merging, dividing cases

Programme took three weeks, included clarification of modern concepts of Egyptian accounting standards such as handling financial leasing accounts, fair values 


As part of the Egyptian Stock Exchange’s (EGX) efforts to raise its personnel capacities and competence, it finalised its training programme regarding modified Egyptian accounting standards.

Chairman of EGX Mohamed Omran said a training course was organised by the Egyptian Society for Accountants and Auditors (ESAA) for EGX’s employees and senior management that has been taking place over the past three weeks and ended last Tuesday.

Omran explained in a statement that the training programme sought to provide the cadres with modernised capacities in Egyptian accounting standards, including financial statements, stock revenue, establishment contracts, periodic financial statements, and accounting policies.

The personnel became more aware of issues regarding fixed assets, independent financial lists, sister companies, combined financial statements, joint preparations, shares in other establishments, financial leasing, and fair value.

The training programme also included concepts a training course concerned with virtual financial lists in the event of the merging or division of companies, types of auditor’s report, and its specifications besides clarifying an auditor’s main role.

Omran affirmed that consecutive in accounting standards requires continuous training to let the employees align with the latest developments in order to prepare statements for the financial disclosure to investors in the stock exchange.

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