University of Basrah Organizes a Panel Discussion on Accounting Treatments of Payments and Accruals
The College of Administration and Economics at the University of Basrah organized a panel discussion entitled “Accounting Treatments of Prepaid Expenses, Unearned Revenues, and Accrued Items and Their Impact on the Fair Presentation of Financial Statements.”
The session, delivered by Lecturer Ni‘mah Khamees Ni‘mah, aimed to emphasize the activation of adjusting entries and the adoption of the accrual basis in preparing final accounts, in a manner that ensures fairness in financial reporting and equity between accounting periods.
The discussion addressed the underlying rationale of adjusting entries and the implications of neglecting them on the credibility of financial reports. It further stressed the importance of updating accounting policies and preparing accurate periodic reports that support decision-making, safeguard employees’ rights, and enhance institutional transparency.
Department of Media and Government Communication
