Focusing on Roles and Responsibilities to Enhance Competencies—The Institute’s Asset and Finance Department Organized a Practical Training Session on the Application of New Accounting Standards.
Release date:
2022-03-11 15:56
Source:
In accordance with the General Administration’s work plan, and in order to strengthen financial management, further enhance the professional competence of finance personnel, ensure the smooth implementation of the new accounting standards, and promote the sound development of financial operations, the Institute’s Asset and Finance Department organized a specialized training session on the practical application of the new accounting standards on March 10 in the third-floor conference room. The training was led by Mr. Sun Zhaojie, an accounting consulting expert for the Shandong Provincial Government and a certified public accountant. Deputy Director (Deputy General Manager) Sun Xinyong attended the session, and all members of the Asset and Finance Department participated.
Prior to the training, Sun Xinyong delivered an opening address, urging the financial staff of our institute to systematically and thoroughly acquire new knowledge. He emphasized that they should promptly learn and apply the latest changes in accounting standards and regulations, while elevating their strategic thinking and aligning their financial planning with the institution’s overall development goals.
At the training session, Instructor Sun Zhaojie provided a comprehensive overview of the new accounting standards, focusing on four key areas: the new revenue standard, the new leasing standard, the debt restructuring standard, and the financial instruments standard. He supplemented his presentation with numerous case studies, offering a detailed comparison between the old and new standards and explaining how the changes under the new standards affect accounting treatment. Drawing on the practical operations of our institution, he engaged in in-depth discussions and addressed participants’ questions, ensuring the session was highly targeted and effective, thereby achieving excellent results.
Through this intensive training program, finance professionals have enriched their knowledge base and broadened their perspectives, ensuring that learning is accompanied by reflection, insight, and tangible gains. This has laid a solid foundation for further strengthening the financial and accounting workforce and elevating the overall level of financial management.
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