The Continuing Education and Development Center at the University of Basrah organized a course on financial accounting.
The aim of the course is to familiarize participants with international accounting standards and to provide them with the skills to prepare accounting treatments, reports and financial statements in accordance with international standards, to provide them with the latest advanced practices in the field of accounting, and to identify the foundations of preparing and presenting financial statements and accounting policies.
The course presented by the instructor, Sarah Abbas Ali, included the concept of financial accounting, what the role of financial reports is, the importance of financial accounting and its types, principles of financial accounting, financial analysis, and types of financial statements, including the income statement, financial position list, cash flow list, the journal record, the general ledger record, the trial balance, the role of the financial accountant in the organization and the ERP program.
In the end, the recommendation was to develop the accounting programs that state institutions and departments operate in in order to keep pace with the developed countries and to create new programs that help the accountant with the preparation of an advanced database.
