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Essential Bookkeeping

Location Erbil

Fee 350

Start

Monday, 16 October 2023

End

Thursday, 26 October 2023

Essential Bookkeeping

The course introduces the role of a bookkeeper and the underpinning knowledge to identify and carry out simple different bookkeeping activities, such as income and expenditure, profit and loss, and assets and liabilities. It also offers an introduction into the role, and the benefits and risks associated with bookkeeping.

Course Objectives:

  • Understand book keeping, objectives and advantages

  • Explain the role of a bookkeeper and common bookkeeping tasks and responsibilities.

  • Gain a solid understanding of the translation of economic transactions to accounting language.

  • Understand the elements of Financial Reports.

  • the ability to be able to apply different accounting treatments on different elements of Financial Reports.

  • The ability to read and understand accounting information.

Learning Outcomes:

  • Professionalism in recording journal entries.

  • Managing the accounting cycle effectively.

  • Preparing the adjusted trial balance.

  • Preparing the income statement and balance sheet.

Training Methodology

The course will be presented in accordance with IFRS (the International Financial Reporting Standards) by merging academic information with the best practice in the accounting profession. A mix of interactive techniques, such as brief presentations, application of theories, and group exercises to exchange experience and apply the knowledge acquired throughout the course.

Course outlines:

Introduction to Accounting:

  1. Double entry theory

  2. Accounting equation

  3. Cash vs Accrual Basis

  4. Accounting principles

  5. Accounting cycle

  6. Accounting outputs

Properties Plants and equipment “Fixed Assets” & Intangible Assets:

  1. First recognition

  2. Depreciation & Amortization

  3. Another issues

Inventory:

  1. First recognition

  2. Accounting method for inventories

  3. Cost flow assumptions

  4. Inventory valuations

Cash & Accounts Receivable:

  1. Cash and cash equivalents.

  2. Bank reconciliation.

  3. Account receivable issue.

Stockholders Equities

  1. Capital & additional paid in capital.

  2. Owner current account

  3. Retained Earnings

Adjusting Entries:

  1. Prepaid & accruals

  2. Provisions

  3. Accounting for changes and error corrections

Reporting:

  1. Trail Balance & Adjusted Trail Balance

  2. Income Statement

  3. Balance Sheet

About Trainer:

Khaled Sairafe is a highly qualified accounting professional with a decade of senior auditing and accounting positions within public and private organisations.

Qualifications include:

Masters in Accounting (Damascus University), Bachelor in Accounting (Damascus University), CMA (Management Accountant from the Institute of Management Accountants), CIA (Certified Internal Auditor from the Institute of internal Auditors), SCA (Syrian Charted Accountant from the Association of Syrian Charted Accountants).

Time Schedule

  1. Duration : 8 days

  2. Time: 17:30 – 20:30

  3. Cost: $350

Payment:

Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.

Registration:

You can register by emailing training@mselect.com with the following details:

Full Name:

City/Town:

Email Address:

Phone number:

Name of the course:

For more information, please call or WhatsApp us on +964 (0)772 617 5794