General description
Course Description: The course deals with the basic concepts related to accounting, including preparing accounting entries and financial statements such as the financial position statement, income statement, and cash flow statement, with a focus on the differences between the nature of these lists in profit-making organizations and non-profit organizations.
Learning outcomes: At the end of this course the student will be able to:
- Prepare accounting entries related to non-governmental organizations
- Organize financial statements consistent with approved accounting standards
- Classify the various costs associated with the work of NGOs
- Analyze the break-even point of expenses and revenues achieved by non-governmental organizations
- Understand the mechanisms of accounting auditing and adheres to the requirements of international auditing standards
- Understand the tax aspects associated with NGO activities