Bookkeeping and Financial Accounting

Location Erbil

Fee 450


Sunday, 20 December 2020


Thursday, 24 December 2020

Bookkeeping and Financial Accounting

This course is designed to provide an understanding of the basic principles and concepts of accounting and bookkeeping for both accountant and non- accountant users. It also covers the accounting cycle in an organization such as the use of journals, posting, preparation of trial balance, preparation of financial statements and adjustments for final accounts. In addition, the course also covers manufacturing accounting and the financial ratio analysis to evaluate the performance of a business. Finally, management and cost accounting are also introduced.

Course Learning Outcomes

1.       Explain the knowledge on concepts and principles of financial accounting, financial analysis and management accounting.

2.       Produce accounting records and basic financial statements for business organizations.

3.       Communicate effectively project findings through a written report and oral presentation.

Course methodology

The course will include a series of presentations, as well as a variety of group work activities, discussions, various assignments and tasks facilitated by the trainer. This will ensure full engagement with the topics. Participants will be provided with all materials and further reading to take home as well as a list of useful resources to explore in their own time.

Training Schedule


Accounting Equation and Statement of Financial Position (Balance Sheet)

  • The Accounting Equation

  • Effects of Business Transactions on Accounting Equation

  • Effects of Revenues and Expenses on Accounting Equation

  • Items and Format of Statement of Financial Position (Balance Sheet)

Ledger and Account

  • Types and Uses of Ledgers and Accounts

  • Double Entry System and the Rules

  • Closing and Balancing of Accounts

  • Trial Balance and Its Uses

  • TEST



Adjustments for Final Accounts

  • Adjustment for Bad Debts

  • Provision for doubtful Debts and Provision for Discount

  • Adjustment for Accruals and Prepayments

  • Provision for Depreciation



Cash Book and Bank Reconciliation

  • Cash Book Columns

  • Posting and Balancing of Cash Book

  • Bank Reconciliation Statement Assignment



Final Accounts for Sole Proprietorship

  • Preparation of Statement of Comprehensive Income (Trading, Profit and Loss Account)

  • Preparation of Statement of Financial Position (Balance Sheet)

  • Preparation of Final Accounts after Adjustments

  • Assignment

Company Financial Reports

  • Company Share capital

  • Company Financial Statement



Analysis of Financial Statements and Cash Flow Statements

  • Users of Financial Statements

  • Importance of Financial Statements

  • Financial Analysis (Percentage and Ratio)

  • Cash flow analysis

  • Interpretation of analysis



Manufacturing Account

  • Manufacturing Cost (Direct and Indirect Costs)

  • Non-Manufacturing Cost

  • Work-in-Progress

  • Preparation of Manufacturing Account

  • Preparation of Full Financial Statements

Introduction to Cost and Management Accounting

  • Functions of Management Accounting

  • Cost Terminology and Cost Classification

  • Cost for Planning, Controlling and Decision-making

Who should attend:

1.       Accountants who want to develop their skills.

2.       Non-Accountant who want to work or understand the accounting procedures.

3.       Directors, Managers or any employees working in the business area or deal with the finance or accounting matters in the company.


Time and Duration:

1.       Date: 20 – 24 December 2020

2.       Time: 09:00 – 16:00 pm

3.       Certification Body: MSELECT


The Trainer

The trainer is a financial analyst, holding a master’s degree in Banking and Finance with a background in Accounting. He has been dealing with the financial market since 2009. Extensive knowledge in technical analysis and fundamental analysis of the stock market and foreign exchange market (Forex) in the usage of meta-trader platforms. Has refined skills in the areas of Accounting, Financial Accounting, Investment Appraisal, Financial Modelling, Risk Analysis, Project Finance, Risk Management, Project Economic and Stakeholder Analysis, Investments and Public-Private Partnership.



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.


How do I register?

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

  • Full Name:

  • City/Town:

  • Email Address:

  • Phone number:

  • Name of course:


For more information, please call 066 261 4455 or 0772 617 5794.