Most Educational Institutions seek to excel in their performances and to engage in the challenge and competition in the scientific ,cultural and informational sectors through adoption of Inclusive Quality Management Thought and Method .Also, by using scientific standards to control the quality of their educational outputs depending on scientific basis and sources .
The axes of this course are:
🔷Introduction to Accounting
What is accounting?
Purpose
Types of FS
Financial vs Management accounts
Accounting Concepts & Principles
Accrual concepts
🔷Preparation of FS
Assets, Liabilities, Income, Expense & Equity
Accounting Equation
Preparation of a Simple Income statement, Balance Sheet & Cash flow statement
🔷The Accounting world
The Dual effect
Debit vs Credits
Trial Balance
Identifying Errors and Correcting them
Understanding and knowing each category
🔷Financial Statement Analysis
Ratios :
Profitability
Efficiency
Solvency
Working Capital
Reviewing an Insurance company FS
🔷Costs Management
Nature of Costs – Fixed, Variable, Semi Variable
Break Even point
Identifying Insurance company Cost structure
