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Course Overview

This course provides participants with a practical introduction to accounting principles and practices. It covers the accounting cycle, financial statements, and the essential techniques used to record and interpret financial information. By the end, participants will have the knowledge and skills needed to understand business transactions, prepare accounts, and analyse financial data to support decision-making.

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Course Objectives

• Understand the purpose and importance of accounting in business.

• Apply key accounting concepts and principles.

• Record and classify transactions using double-entry bookkeeping.

• Prepare financial statements, including income statements and balance sheets.

• Gain an introduction to cash flow and basic financial analysis.

Learning Outcomes

Participants will:

• Demonstrate knowledge of fundamental accounting principles.

• Record journal entries and prepare trial balances.

• Produce accurate income statements and balance sheets.

• Understand the basics of cash flow and equity.

• Apply simple analysis to evaluate financial performance.

Course Content & Agenda

Day 1 – Introduction to Accounting

• Role and importance of accounting in business

• Users of accounting information

• The accounting equation and key principles

• Accounting terminology

Day 2 – Recording Transactions

• Double-entry bookkeeping

• Journals and ledgers

• Debit and credit rules

• Preparing a trial balance

Day 3 – Adjustments and Error Corrections

• Adjusting entries (accruals, prepayments, depreciation)

• Correcting errors in accounting records

• Finalising the trial balance

Day 4 – Financial Statements

• Income Statement: revenue and expense recognition

• Balance Sheet: assets, liabilities, and equity

• Preparing financial statements from trial balance

Day 5 – Cash Flow, Equity & Basic Financial Analysis

• Overview of the cash flow statement

• Statement of changes in equity

• Introduction to ratio analysis (liquidity, profitability)

• Final review and Q&A

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Training Details

• Duration: 5 days

• Language: English with Arabic support if needed

• Location: Erbil

• Format: classroom based

• Time: 17:30 - 19:30

• Fee.person: $180

• Refreshments: included

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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.

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How do I register?

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

• Full Name:

• Position:

• Email Address:

• Phone number:

• Name of the course: