Case Study: How a Brunei Islamic Financial Institution Prepares its Staff for Transition to the New Accounting Standard

In this Case Study, we explain how one of our clients, an Islamic Financial Institution in Brunei, successfully equipped their staff with knowledge of the latest IFRS accounting standards.

The Client

Client: An Islamic Financial Institution – Brunei Darussalum Topic(s): IFRS Accounting Industry/Sector: Financial Services

The Objectives

The primary objective of this workshop was to enhance their staff’s basic knowledge of the latest accounting standards: IFRS and IAS, since the company has adopted these standards as their new accounting standards. The goal for the participants was to acquire the following skills:

  • To understand the transition from current accounting policy to IFRS
  • To understand how to adopt the new updates and regulations to accounting systems
  • To enhance knowledge of accounting on financial instruments
  • To learn theories related to calculation and financial statements

The Results

After attending our workshop, delegates gained a greater understanding of IFRS and IAS issues and implementation. The overall course rating was 8.5 out of 10 with 93% of delegates giving a rating of 8 or above out of 10. Highlighted Attendee Comments: The audience found the course very useful as the skills learned were relevant to their work and they are able to apply the knowledge to their roles. Participants appreciated the instructor’s wealth of knowledge and his “easy-to-understand” presentation, even for audience without prior accounting background. They thought the trainer made the presentation simple by “providing a lot of examples to facilitate (their) understanding”. The delegates liked that the trainer was “able to relate to the company’s financial statements and accounting issues”. If you and your staff need help with IFRS standards, feel free to contact us at:

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