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is catering to the needs of pure Government units, its Ministries as well as Public Sector Units with direct/indirect Government holding of above. In this case, the date of transaction is 15 January 20X2, when a machine was delivered and the delivery gave rise to a financial liability. Rashad has more than 17 years of experience in the banking sector in Oman. If you are happy with the results, you can read further. . Haris worked as Head of Corporate Banking (Regional Investment Banking and Product development at Meezan Bank the first and largest Islamic bank of Pakistan.

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If you would like to refresh a bit, you can sneak in my lesson from the ifrs In 1 Day dedicated to foreign currencies here. Total cost of a machine is USD 100 000, and you agreed to pay in 2 parts: Payment 1: USD 30 000 after signature of the contract; Payment 2: USD 70 000 after machines delivery. Pieter De Witt is a qualified chartered accountant with over 20 years of experience in the Banking Sector. He is a fellow of the American Academy of Financial Management and has attended a number of advanced programs including an intensive high performance leadership programme at the IMD business school in Switzerland. Mujahid had worked for Bank Dhofar. He holds Masters degree in Business Administration from Florida Institute of Technology, USA and Masters degree in Structural Engineering from Virginia Tech, USA.

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