The IFRS Foundation Education Initiative said Monday it is publishing free downloadable teaching materials in all the languages of the United Nations, including Arabic, Chinese, English, French, Portuguese, Russian and Spanish.

The teaching project is designed to help educators train the next generation of accountants in how to make sound judgements in the preparation of financial reports in accordance with principles-based International Financial Reporting Standards. Training is conducted in the form of regional multi-day IFRS teaching workshops. Most of the sessions will be hosted jointly with development agencies in various countries that aim to build their nation’s financial reporting capacity. Shorter workshops are arranged at major international and regional academic accounting conferences. The IFRS Foundation oversees the International Accounting Standards Board.

“Supporting IFRS teachers to develop their students’ ability to make the judgements and estimates on which IFRS financial reports are based is an important part of our commitment to improving the consistency with which IFRS is applied,” said IASB chairman Hans Hoogervorst in a statement.  “Working with the World Bank and others, our Education Initiative is now training IFRS teachers in Framework-based teaching techniques using material that is translated into all of the world’s most widely spoken languages.  This collective effort should bring great benefits to the global financial reporting community”  

More information about the IRS Foundation Education Initiative and its plans for the five-year period ending Dec. 31, 2016 can be found here.

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