AMMAN -- In contribution to efforts aimed to unify accounting standards in Jordan and adapt them to international criteria, the Jordan Insurance Federation (JIF), in cooperation with the Arab Academy for Banking and Financial Sciences, is organising today a training programme targeting Jordanian and Arab workers in major financial institutions.
Under the title, "Changes in International Accounting Standards," two Egyptian experts the federation invited will lecture for 25 hours on the topic. The experts and their trainees will examine contents of financial statements for compatibility with the latest adopted accounting international criteria. Cash flow statements and accounting policies will also be scrutinised.
Part of the training will be dedicated to topics like error management, taxation and assessment of financial performance and reporting, among others.
According to a statement by JIF President Sami Gammo, the training is linked to a plan by the federation to "modernise and the concepts and mechanisms of the insurance work... to adjust the financial side of this work to the changes in the field at the international level."
In parallel with the accounting training programmes, JIF is holding as of today training sessions on insurance marketing from a strategic analytical perspective.
The 36-hour programme will be conducted by Assistant Professor Mamoun Akroush from Amman Private University, who will focus on ways to find marketing opportunities for insurance companies through sound research and statistical analysis of the market, applying the statistical package for the social sciences tool.
Participants will include marking staff at local insurance companies, insurance brokers and loss assessors at these companies.
The two programmes, the federation said, are part of a package of such training plans aimed to upgrade the performance of insurance staff in Jordan.
The JIF was established in 1989 to succeed the Jordan Insurance Association, established in 1956, upon a Royal Decree.
According to a regulation enacted to govern the work of this umbrella body, the federation, which supervises 26 companies, serves a "regulatory and managing authority for the insurance sector according to the objectives defined by this regulation... to be achieved in cooperation with the Insurance Regulatory Commission."
By Mahmoud Al Abed
© Jordan Times 2004
