محاسبة شركات المقاولات

Mastering Accounting for Construction Companies in the Arab World

This comprehensive course equips you with the practical and professional skills to understand accounting within construction businesses in the Arab region. You'll gain expertise in analyzing financial data for projects, preparing complete budgets in collaboration with various company departments, and monitoring project operations and asset management. Learn to accurately track asset depreciation and perform timely periodic (quarterly or annual) financial closures.

The course begins with a foundational understanding of accounting principles, clarifying the distinction and practical application of debits and credits within journal entries. You'll also explore the accounting cycle and document flow for construction companies, and learn to develop a customized chart of accounts.

Delve into capital management, fixed asset accounting and allocation across projects, and the processing of monthly salaries distributed to projects. Understand the treatment of accrued expenses, prepaid expenses, and unearned revenue.

Key topics include revenue recognition, Percentage of Completion (POC), accounts receivable (debtors) and accounts payable (creditors) management, and Value Added Tax (VAT) processing through various methods. The course covers letters of guarantee, documentary credits, cost systems and cost centers, material costs, and subcontractor management.

Develop proficiency in preparing trial balances before and after adjustments, and mastering financial statement adjustments and closures. Gain a thorough understanding of essential financial statements – the balance sheet, income statement, and cash flow statement – and learn to leverage financial analysis using trends to derive accurate performance indicators for informed financial decision-making within construction companies.