Live onlineAdvanced6 weeks12 sessions x 2 hours

Contracting & Services Accounts

Covers everything from opening entries through to closing entries

Live online over six weeks, delivered in Arabic. Sessions are recorded and every trainee keeps replay access for one year. A certificate is issued on completion.

Outline
  1. 01 Opening entries and the contracting chart of accounts
  2. 02 Setting up each project as a cost centre
  3. 03 Journal entries across the contract cycle
  4. 04 Advance payments and bank guarantees
  5. 05 Recording materials, labour and subcontractor costs
  6. 06 Allocating payroll and overheads across projects
  7. 07 Plant and equipment: the asset register and depreciation
  8. 08 Progress billings, interim certificates and retentions
  9. 09 Work in progress and revenue recognition on long-term contracts
  10. 10 Bank reconciliations for project accounts
  11. 11 VAT and Zakat on contracting and service invoices
  12. 12 Cost centre reports, closing entries and the financial statements
What you will be able to do
  • Preparing journal entries
  • Preparing bank reconciliations
  • Preparing an asset register statement
  • Preparing financial statements
  • Preparing cost centre statements