The Ministry plans to launch specialised educationa programmes. Credit: Summit Art Creations/Shutterstock.

The United Arab Emirates (UAE) Ministry of Finance (MoF) has unveiled a new Financial Sustainability and Accounting Capacity Building Programme. 

The programme is designed to enhance the financial and analytical accounting skills of accountants and financial managers within the federal government, according to a press release posted on Zawya.  

This initiative aligns with the Government Partnership and Integration System’s objective to form alliances with global and local organisations. 

It aims to uphold international accounting standards and to implement International Public Sector Accounting Standards (IPSAS). 

It focuses on fostering proactive partnerships, securing global leadership in public finance, and promoting sustainable development.  

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini said: “Through this initiative, we reaffirm our commitment to developing a financial and accounting environment based on efficiency, innovation, artificial intelligence, and digital transformation as we work to enhance the analytical capabilities of financial staff through specialised programmes.” 

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The Ministry plans to launch specialised education programmes and strengthen strategic partnerships with academic institutions. 

The goal is to forge memoranda of partnership and offer executive programmes and professional diplomas in government accounting and financial sustainability. 

The Ministry has reached agreements with several international universities to introduce quality programmes.  

These include a collaboration with the American University in Dubai for an executive diploma in government financial policy sustainability. 

There is also a partnership with the British Association of Chartered Certified Accountants to offer a specialised certificate for IPSAS and a Certificate in Sustainability for Finance, slated for 2024 and 2025. 

To identify candidates for these professional programmes and diplomas, a thorough survey was conducted across all federal government entities.