Integrated Program of Practical Accounting & Personality Development (IPAD)

IPAD

The Integrated Program of Practical Accounting & Personality Development (IPAD) is a practical learning course, developed to help students become accounting professionals. The course outline are structured by industry experts with years of valuable experience in the domains of accounting, ERP and taxation in multinational companies.

IPAD also helps students acquire the right blend of soft skills and prepares them to ace job interviews.

IPAD Outline:

Basic Accounting

Basics of Accounting

Journal
Ledger
TB
Adjustments in Accounting

Value Added Tax

VAT Overview

Registration & Deregistration
Place of supply
Date of supply
Valuation
Input and Output tax
Capital Asset Scheme
Reverse Charge Mechanism
Exempt and Zero rated
Export
VAT on Designated Zones
Transitional Provisions
Records
VAT returns and Payment
Offences and Penalties

Accounting Standards

Application of Accounting Standards

IFRS 16 Lease
IFRS 15 Revenue
IAS 16 Property plant and equipment
IAS 8 Accounting Estimate
IAS 10 Events After reporting period
IAS 7
IAS 37

Final Accounts

Finalisation of Financial Statements

Profit/Loss Account & Other Comprehensive Income A/c
Balance Sheet
Statement of Cash Flow
Statement of Changes in Equity
Disclosure Notes

Payroll & EOSB

Basics of payroll
EOSB [End of Service Benefits] Calculation
Basics of UAE labour Law

Budgeting & Control

Preparation of Budgets
Standard Costing
Variance Analysis
Investigative Variance Analysis

Tally ERP
QuickBooks
Zoho Books
Advanced Excel

Personality Development

Effective Business communication
Interpersonal Communication
Mail Drafting.

Learning Outcomes:

Describe, explain, and integrate fundamental concepts underlying Accounting, Finance & Management Accounting
Use information to support business processes and practices, such as problem analysis and decision making
Apply quantitative skills to help analyse and solve business problems and to take advantage of business opportunities
Apply oral and written communication skills
Apply knowledge of IFRS and managerial accounting theories to business organizations, state and local governments, and non-profit organizations
Apply knowledge of UAE tax laws and procedures to businesses
Students will be able to demonstrate knowledge in setting up a computerized set of accounting books for a “for profit “entity
Students will be able to demonstrate knowledge of various advanced accounting issues related to Financial Accounting within a global and or ethical framework