Fundamentals of VAT Accounting

Fundamentals of VAT Accounting

Fundamentals of VAT Accounting Introduction: This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. This course will help you understand the VAT Accounting. It will provide you with necessary definitions needed for deep understanding of ..

Fundamentals of VAT Accounting

Introduction:

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. This course will help you understand the VAT Accounting. It will provide you with necessary definitions needed for deep understanding of VAT. We will learn how and when to charge VAT and how to e file important data. The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of theories and group exercises to exchange experience and apply knowledge acquired throughout the course.

 

Objectives:

By the end of the course, participants will be able to:

  1. Understand what does VAT stand for and some important definitions related to VAT.
  2. Fathom the need to charge VAT.
  3. Learn how to charge VAT and what to include or exclude in the process.

Content:

Module 1:

  1. Introduction to VAT Accounting.
  2. Why to charge VAT?
  3. Reduction of Set-Off.
  4. Explain how to account for VAT on purchase and sales of goods or services whether the entity is registered in VAT or not.

Module 2:

  1. High-sea sales.
  2. Interstate sales.
  3. Sale in Transit.
  4. Branch transfer.
  5. Export sale.
  6. What to include and what to exclude.

Module 3:

  1. The importance of e filing.
  2. Maintaining the sales details in accounts software.
  3. Use the company’s trial balance to fill up a VAT return
  4. Formulate a preliminary assessment of impact of VAT adoption on operations and accounts.

Module 4:

  1. Maintain the purchase details in accounts software.
  2. The requirements of disclosure.
  3. Are there any refund adjustments?
  4. Periodicity of VAT returns.

Module 5:

  1. Case study 1.
  2. Case study 2.
  3. Case study 3.
  4.  

Who Should Attend?

  1. Staff accountants.
  2. Senior accountants.
  3. Chief accountants.
  4. Accounting managers.
  5. Controllers and internal auditors.
  6. Tax consultants and tax preparers.
  7. Other professionals engaged in the accounting and finance functions.

 

 

times [ Istanbul ]

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2024-03-03 2024-3-7 3,250 Istanbul join enquire
2024-03-10 2024-3-14 3,250 Istanbul join enquire
2024-03-17 2024-3-21 3,250 Istanbul join enquire
2024-03-24 2024-3-28 3,250 Istanbul join enquire
2024-04-07 2024-4-11 3,250 Istanbul join enquire
2024-04-14 2024-4-18 3,250 Istanbul join enquire