Assoc. Prof. ELXAN CƏFƏROV

In 1977, he was enrolled as a student at the Azerbaijan Institute of National Economy (now the Azerbaijan State University of Economics, UNEC). Upon completion of his studies in 1982, he received a diploma (ЖВ№ 0299360) of an economist in the specialty "Industrial Planning".

In 1982, he was accepted to graduate school at the Azerbaijan Institute of National Economy in the specialty "Industrial Planning", which he graduated from in 1985.

By the decision of the Supreme Council of the Azerbaijan Institute of National Economy on May 22, 1986 (protocol № 42), I was awarded the academic degree of candidate of economic sciences. The diploma of candidate of economic sciences (diploma ЭК№ 0222231) was approved in Moscow on October 22, 1986.

The objective of the subject "International Financial Reporting Standards" is to provide the necessary assistance to master's students in acquiring fundamental knowledge and skills about the features of the applied IFRS, IFRS for SMEs in accordance with the existing:

- conceptual and methodological approaches to the recognition and evaluation of elements of financial statements (assets, liabilities, capital, income and expenses);

- reflection of these elements in accounting in the process of preparation and presentation of relevant financial statements (financial position of the organization, profit or loss and other gross income, changes in equity, cash flows) regulating the activities of commercial organizations in various sectors of the economy on the basis of approved legislative acts in the Republic of Azerbaijan.

In the process of training in International Financial Reporting Standards, various teaching and learning methods are used, including lecturing, interactive discussions, test tasks (question-answer) in connection with the reflection of financial transactions based on these standards. To develop the skills to apply the acquired knowledge, master's students are given individual assignments selected in accordance with the international accounting standards and rules applied in the republic.

I have been an associate professor, of the "Economics and Technological Sciences" Department of the Azerbaijan State Economic University (UNEC) since 2018. (5303.01 – FD 1.11)

For the last 4 years has been the chairman of the examination and appeal committee for the specialty "Accounting"

From 2002 to 2015, during his work at the Ministry of Finance of the Republic of Azerbaijan as the head of the "Accounting Policy" department, he represented the Republic of Azerbaijan in the Commonwealth of Independent States (CIS) Council on Accounting in all its annual meetings, actively participated in the issues discussed and decisions made (of a recommendatory nature) to improve the accumulated practical experience in applying the results of state policy on the implementation of IFRS, IPSAS, IFRS for SMEs and ISA in the CIS.

In addition, in connection with the solution of existing problems on the accelerated and effective application of the above-mentioned standards, he actively participated in international scientific and practical conferences and seminars both in the republic and abroad with the presentation of relevant reports and published articles on the topic at these conferences and seminars.