- Duration: 18 Hours
Course details
Course Description:VAT Training program examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This seminar will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly.
Course Outline
- Issuing the VAT invoice
- What does a VAT invoice look like?
- Contents of an invoice
- Difference between cash business and sales on account
- VAT records and documentation to be maintained
- Accounting entries for VAT
- Local purchases of goods and services
- Imported goods and services
- VAT on expenses
- Self-supply of goods and services
- VAT on sales
- Discounts provided to customers
- Returned goods
- Exchanged goods
- Interest on late customers' payments
- VAT entries for bad debts write-offs
- VAT entries for down-payments
- Treatment of damaged goods
- Sale on consignment: treatment for consignee and consignor
- VAT on leases: operating and finance leases
- Purchases and sales of fixed asset
- Entities providing non-vatable activities
- Trial balance accounts needed to complete a VAT return
Course Location
About MCT Training
Leoquarian Professional and Management Development Training is conceptualized and founded by professionals who recognized the necessity of constantly upgrading oneself to survive in the current market. Suffice it to say that the time has come that what we learned few years ago is no longer applicable at the moment. Hence, constant learning is required to be at par with the contemporaries otherwise one will be left out.
Leoquarian Training provides top quality courses for corporations and individuals. It is flexible enough to assist in the implementation of numerous corporate training plans at any time. The goal of Leoquarian Training is to help its clients gain a competitive edge as well as acquire and eventually master new knowledge and personal skills. Its objective is not restricted to the classic classroom training set- up, but rather to adopting training processes that have been constantly tested and updated.
VAT Related Questions
- Essentials of UK VAT StudyHubAED 49
AED 955Duration: Upto 8 Hours - Accounting and Tax St. Paul's CollegeAED 45
AED 1,194Duration: Upto 2 Hours
