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Photos from Ed-watch.org's post 07/08/2026

Waste isn't just something to dispose of, it can become a competitive advantage.

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(5 IFRS standards every GCC finance professional must know — and where most go wrong:

1. IFRS 15 — Revenue is recognised when performance obligations are met, not when cash arrives.

2. IFRS 16 — Operating leases are now on your balance sheet. Your ratios changed whether you noticed or not.

3. IFRS 9 — Impairment is forward-looking now. You cannot wait for a default to act.

4. IAS 36 — Goodwill must be tested every year. Auditors in the GCC are watching this closely.

5. IFRS 3 — M&A is growing across Saudi Arabia and UAE. Getting business combinations right is no longer optional.

Knowing the rule is not enough. Applying it under real conditions is where the gap lives.

If you want to close that gap, our IFRS Champions Programme launches in July 2026 built specifically for working finance professionals in the GCC.

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