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Introduction to VAT - Majan College , Oman, Muscat

Thu, 16 Nov 2017 09:58:26 +04

The course is designed to provide participants with a framework of the most important value added tax (VAT) principles and issues that anyone dealing with VAT in the GCC is confronted with and needs to know. At the end of the course, participants will be able to understand how GCC VAT works, to whom it applies, how to comply with the administrative obligations related to it and how to mitigate any risks deriving from the implementation of GCC VAT

Course syllabus

The mechanics of a VAT system
Output and input VAT
What is a taxable supply?
How is a transaction valued for VAT purposes?
Place and time of supply
Documentation and record keeping requirements
Essential knowledge on VAT compliance

Cost: 195 OMR

Duration: 1 Days

ACCA Certificate in Auditing - Majan College , Oman, Muscat

Wed, 15 Nov 2017 12:56:11 +04

1. Auditing Standards
The International Federation of Accountants (IFAC)
The International Auditing and Assurance Standards Board (IAASB)
The framework of International Standards on Auditing (ISAs)
ISAs - what they represent and how they are set.
2. ISA 200, Overall Objectives
Overall objectives of an audit of financial statements
General principles governing auditors and their work
The nature and scope of an audit.
3. ISA 230, Audit Documentation
Preparing and retaining documentation
Assembly of the final audit file
Confidentiality.
4. ISA 240, Fraud in an audit of financial statements
5. Planning
ISA 300, Planning an audit of financial statements
ISA 315, Understanding the entity and its environment
ISAs 320 and 450, Audit materiality and evaluation of misstatements.
6. Internal Control and Risk Assessment
ISA 265, Communicating deficiencies in internal control to those charged with governance and management
ISA 315, Assessing the risks of material misstatements
ISA 402, Audit considerations relating to an entity using a service organisation.
7. ISA 500, Audit Evidence
8. ISA 501 Audit Evidence - specific considerations for selected items
9. ISA 505 External confirmations
10. Analytical Procedures, Audit Sampling and Written Representations
ISA 520, Analytical procedures
ISA 530, Audit Sampling
ISA 580, Written representations.
11. Internal Auditing
ISA 610, Using the work of Internal Auditors
12. Reporting
ISA , Auditor's report on financial statements
ISA 570 Going concern

Cost: 750 OMR

Duration: Upto 4 Months

ACCA Certificate in IFRS - Majan College , Oman, Muscat

Wed, 15 Nov 2017 12:47:32 +04

1. The nature and operations of the IASB
Structure of the IFRSF/IASB
Extant standards of the IASB
The framework.
2. The status and use of IFRSs around the world
The use of IFRS around the world
The IASB roadmap
The annual IASB bound volume and its use.
3. Presentation and profit
IAS 1, Presentation of financial statements
IFRS 15, Revenue from contracts with customers
IAS 8, Accounting policies, changes in accounting estimates and errors.
4. Accounting for assets and liabilities - part 1
IAS 16, Property, plant and equipment
IAS 38, Intangible assets
IAS 40, Investment Property
IAS 36, Impairment of assets
IAS 23, Borrowing costs
IAS 20, Accounting for government grants and disclosure of government assistance
IAS 2, Inventories
IFRS 16, Leases
IFRS 5, Non-current assets held for sale and discontinued operations
5. Accounting for assets and liabilities - part 2
IFRS 13, Fair Value Measurement
IFRS 32, Financial instruments - presentation
IFRS 9, Financial instruments
IFRS 7, Financial instruments: disclosures
IFRS 2, Share-based payment
IAS 37, Provisions, contingent liabilities and contingent assets
IAS 10, Events after the reporting period
IAS 19, Employee benefits
IAS 12, Income taxes
IAS 41, Agriculture
IFRS 6, Exploration for and evaluation of mineral ;
6. Group accounting
IFRS 10, Consolidated Financial Statements
IAS 27 (revised 2011), Separate financial statements
IFRS 3, Business Combinations
IAS 28 (revised 2011), Investments in associates and joint ventures
IFRS 11, Joint arrangements
IFRS 12, Disclosure of interests in other entities
IAS 21, The effects of changes in foreign exchange rates
IAS 29, Financial reporting in hyperinflationary economies.
7. Disclosure standards
IAS 7, Statement of cash flows
IAS 24, Related party disclosures
IAS 33, Earnings per share
IAS 34, Interim financial reporting
IFRS 4, Insurance contracts
IFRS 1, First time adoption of IFRS
IFRS 8, Operating segments.
8. Principal differences between UK/US GAAP and IFRS
9. Proposals for change

Cost: 750 OMR

Duration: Upto 4 Months