Everything about accounting for non-accountants, and everything a trainee needs to master the EBC*L Exam.
Trainees learn all needed about the annual financial statement, sales contract and much more.
What is accounting?
Accounting is a term that describes the process of consolidating financial information to make it clear and understandable for all stakeholders and shareholders. The main goal of accounting is to record and report a company's financial transactions, financial performance, and cash flows.
Importance of Accounting
1- Keeps a record of business transactions
Accounting is essential as it keeps a systematic record of its financial information. Up-to-date records help users compare current financial information to historical data. With complete, consistent, and accurate documents enable users to assess a company's performance over time.
2- Facilitates decision-making for management
Accounting is significant for internal users of the organization. Internal users may include people who plan, organize, and run companies. The management team needs accounting in making important decisions. Business decisions may range from deciding to pursue geographical expansion to, instead, improving operational efficiency.
Accounting helps to communicate company results to various users. Investors, lenders, and other creditors are the primary external users of accounting information. Investors may be deciding to buy shares in the company, while lenders need to analyze their risk in determining to lend. Companies need to establish credibility with these external users through relevant and reliable accounting information.
4-Meets legal requirements
Proper accounting helps organizations ensure accurate reporting of financial assets and liabilities. Tax authorities, such as the U.S. Internal Revenue Service (IRS) and the Canada Revenue Agency (CRA) use standardized accounting financial statements to assess a company's declared gross revenue and net income. The accounting system helps ensure that a company's financial statements are legally and accurately reported.
The different types of accounting
Every year, your company will generate financial statements that people outside of your company—people like investors, lenders, government agencies, auditors, potential buyers, etc.—can use to learn more about your business's financial health and profitability.
Preparing the company's annual financial statements this way is called financial accounting. If you're looking to hire a financial accountant, start with looking into how much an accountant costs.
Managerial accounting (or management accounting) is similar to financial accounting, with two important exceptions:
The statements produced by managerial accounting are for internal use only.
They're generated much more frequently—often quarterly or monthly.
If your business ever grows to the point where you need to hire an accountant full-time, most of their time will be taken up by managerial accounting. You'll be paying them to produce reports that provide regular updates on the company's financial health and help you interpret those reports.
This is somewhat similar to the work a financial analyst might do. However, a financial analyst will also look at past and current trends in the larger economy, not just your business, to inform their recommendations.
Tax accounting is designed to ensure that you don't pay more income tax than the IRS legally requires. An example of this is when your accountant provides you with recommendations for getting the most out of your tax return.
Tax accounting is regulated by the Internal Revenue Service (IRS), and the IRS legally requires that your tax accounting adheres to the Internal Revenue Code (IRC).
You're doing cost accounting when you're trying to figure out how to increase your margin or decide if raising prices is a good idea.
Cost accounting involves analyzing all of the costs associated with producing an output (whether a physical product or service) to make better decisions about pricing, spending, and inventory.
Cost accounting is often a prerequisite of managerial accounting because managers use cost accounting reports to make better business decisions. It also feeds into financial accounting since costing data is usually required when compiling a balance sheet.
Credit accounting involves analyzing all of a company's unpaid bills and liabilities to ensure that a company's cash isn't constantly tied up in paying for them.
Credit accounting can be one of the most challenging kinds of accounting to do well because it's a complex subject to be critical about. Talking about debts can be a sensitive but necessary conversation.
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Training dates via Zoom platform
1- Week One - Corporate Law
2-Week Two - Accounting
3- Week Three - Cost and Price
4- Fourth week - corporate goals and financial ratios
5- Fifth week - test/certificate
JOIN US FOR THIS RARE OPPORTUNITY
Meet Your Instructor تعرّف على مدرِّبك
Top Skills أهم مهارات المدرب
Quality & Risk Management,
إدارة الجودة وإدارة المخاطر وثقافات الحضارات
English, Arabic, German
الانجليزية، العربية والألمانية
:للتواصل مع فريق الدعم
DR. MOHAMED-ALI IBRAHIM
Certified Trainer at Abisel International in Vienna/Austria
Lecturer and Director of the Master's Program
(MBA) Professional Business Administration
University of Applied Sciences Vienna
- Austrian State Award
Austrian State Appreciation Award
- International German Award
Germany International Prize
- SABER International Award (PR Oscar)
Sabra International (Oscar Relations p .)
- Best Practice Award
Best Practical Application Award / Austria
20 books (on Amazon) about Business Administration, Quality Management, and Translation Science.
20 books on amazon
About the arts of business administration
AMAZON: most important literature on the platform
The books you study with:
Entrepreneurs, company owners and project managers
Lawyers, translators, engineers, doctors, and government employees in the different ministries, and those in charge of political parties, and civil society organizations.
Fresh graduates, students and job seekers, and everyone who aims for personal and professional development raises their personal and professional levels.
Training sessions and diploma exam
and financial statements:
The third week
and financial ratios
The fifth week
European Business Competence License
As a result of the transparency of the scientific content and the method of training according to an elaborate work manual and the issuance of certificates from one of the European Union countries, which is one of the things that characterize the European Business Competence License, it has been approved by many European economic entities as a qualifying necessity for appointment and promotion in the ladder of jobs in the private and public sectors. It has also been adopted in many projects funded by European Union institutions.
What you will learn
Knowledge bases in business administration
First-level graduates learn accounting techniques and prepare and read the balance sheet
Determining the cost and price of a product or service, and how to use business objectives in companies
And identify the measurement tools for their work in order to achieve the goal
From the balance sheet, and estimating financial ratios
They also learn about ways that can help each individual
To reach these goals
(costs and prices)
The first level generally covers the basics of business management
By way of mere coincidence four years now, I was lucky to know Dr Ibrahim. In the beginning, as always, the case for unknown areas, I was sceptical about ISO, certifications, and standards. In our first meeting, Dr Ibrahim provides a professional short summary of ISO certification, and we agreed to proceed to the next steps. We walked the steps together, preparing the certification manual, building the system, and educating all involved parties (stakeholders) on the standard translation process. However, unfortunately, we couldn’t have the certification from the first initial audit, for some defaults in our system, however, under the guidance, patience, and support of Dr Ibrahim, we were able, after three months from the date of the first audit, to achieve the certification. It was a very special deep-dive experience that resulted in endless opportunities in terms of business development, a developed mindset towards business, and quality perspectives, on the corporate level and personal level, for me myself as the company owner. Later to this experience, and fortunately, I had the honour to participate with Dr Ibrahim through several conferences, workshops, meetings, and subsequent surveillance audits addressing the ISO certification. Through a very close dealing with Dr Ibrahim, I knew him as professional, tactful, highly committed, fulfilling his promises, supportive, enthusiastic, optimistic, and always inspiring all people around him towards success and excellence. Throughout years of experience with Dr Ibrahim, I believe he is a true influencer for whoever seeking excellence, success, professionalism, an updated business mindset, or has an entrepreneurial spirit on all levels, either corporate or personal. With all my best wishes and due respect,
CEO at TRANSTEC LocalizationJune 24,
Dear Dr Mohamed,
“I was first introduced to the subject of ISO 17100:2015 certification, almost 2 years ago. Given the complex scope and extensive logistics of the certification requirements, I thought it would take me ages to obtain it. However, when I got serious about pursuing all steps and requirements, I started with attending orientation sessions and online introductions conducted by Ph. Dr. Mohamed-Ali Ibrahim, ISO Senior Lead Auditor, Representative of MENA Region, and a remarkable expert in this field. He worked with me step by step to make the process as easy as possible, explaining how to build my professional qualifying handbook that reflects my 20+ years of expertise, how to conform with every single detail within the ISO 17100 standards following the structured processes. About Dr. Ibrahim’s supportive and exceptional guidance, he added more value at every stage I have been accomplishing to fulfill the requirements, providing me with key resources. He also helped me identify new methodologies to incorporate in my current processes, with a focus on business improvements.
PhD Mohamed-Ali Ibrahim is a very professional, knowledgeable and easy expert to work with. His words of encouragement and inspiring approach made me feel more willing to deep dive for translation industry new technologies that were even emerging during my certification stage. dr Ibrahim drove me through the limitless boundaries of inspiration and non-stop learning.
I encourage all translators around the region to take this significant step towards a professionally recognized path. Acquiring ISO 17100:2015 demonstrates your commitment to meeting client/business needs by delivering best practice translation services, which can lead to higher profits and distinguished recognition. Applying such flawless process, translation management system is now stronger, easy to track, review, evaluate and come out with a reliable and consistent service.
I would like to thank you Dr. Mohamed-Ali Ibrahim for your professionalism both prior and during my recent certification process. It has been a great honor working with you. I appreciate all your efforts. I am looking forward to the surveillance audit next October ISA.”
Free-Lance USAID ISO 17100 Certified Translator & APTN-Certified Translator
I had the pleasure and honour of meeting Dr Mohamed-Ali Ibrahim during the first week of September 2018, when I was assigned by our Leadership to support our Translation Branch Manager and Deputy Translation Manager of the largest translation Section at Vinnell Arabia in Riyadh, Kingdom of Saudi Arabia.
By this time, Dr Mohamed Ibrahim had been working with our Translation Branch Deputy Manager on ISO 17100 over a period of 8 months impressing her of the competitive advantage that ISO 17100 Certification provides to our business. At the end of this period, our Translation Branch Deputy Manager understood clearly the significant business value the ISO Certification would bring to our Translation Branch. She also gained a major appreciation of effective business processes structure the ISO 17100 Standard deployment would add to our Translation Branch and she decided to pursue the ISO Certification. As result, she requested my management of my support since I had the responsibility for all Quality Management Systems deployments at Vinnell Arabia.
When I started working with Dr Mohamed Ibrahim, I was very surprised, impressed and very pleased immediately to learn of his exceptional Translation Services experience, knowledge and qualification considering the extensive ISO 17100 Certifications he deployed successfully for over 200 Companies Globally, by conducting +500 different Certification/Recertification/Surveillance Audits.
We immediately decided to contract Dr Mohamed-Ali Ibrahim for helping us deploy both ISO 17100 Translation Services and ISO 9001 Quality Management at our Translation Branch. He executed successfully ISO 17100 Lead Auditor and ISO 9001:2015 Quality Representative Certification Trainings, followed by a competency ISO 17100 Specialized Translation Service Certification for a select number of our key Translators and Proofreads quickly building the ISO technical knowledge of our Translation Department Team.
With Dr Mohamed's outstanding guidance and support, we successfully accomplished over the past 3 years ISO 17100 Translation Services and ISO 9001 Quality Management Certification of 2 of our key 4 Translation Sections making us accomplish very significant milestones in our Translation Branch history.
We cannot speak enough of our appreciation of Dr Mohamed's professionalism and exceptional ISO 17100 and ISO 9001 technical knowledge and guidance coupled with the ardent desire to transfer significant Translation Industry knowledge to his Customers due to his very strong Subject Matter Expertise(SME) in this field and his belief in making his Customers the very best business in their market, while at the same time being a very tough and strict TUV Austria ISO 17100 and ISO 9001 Lead Auditor during his Customers site Certification and Surveillance Audits.
We highly commend him for his excellent services and recommend him highly based on the excellent and positive experience we had with him in our Organization.
Mission Assurance Director Northrop Grumman Vinnell Arabia Subsidiary, Kingdom of Saudi-Arabia.
My first encounter with Dr Mohamad Ali Ibrahim was in 2008 when I embarked on obtaining my EN-15038 certification. From the first moment, I realized how professional Dr Mohamad is, as he knows the whereabouts of the translation business well.
ISO 17100 Lead Auditor and Certified Translation Provider UN and Worldbank Registered Translation Vendor
Business Development Manager, STAR Middle East
General Manager Mitsco Translation & Training
Christian Bucher Mag
Managing Director, Staff 24
CEO TransNet Iran
I rarely come across real talents who stand out like Dr Mohamed-Ali Ibrahim. I worked with Dr Mohamed-Ali Ibrahim for three years, collaborating on several project teams. Dr Mohamed-Ali Ibrahim’s ability to handle multiple projects was unlike any I’ve seen before and made a dramatic increase in the productivity level of our company. No matter how tense a meeting, Dr Mohamed-Ali Ibrahim made sure everyone left with a smile. As a leader, Dr Mohamed-Ali Ibrahim earns my highest recommendation.
CEO chez KOST GROUP
I hope you are in the best of health.
Thank you very much for your visit to our company and your support for it through your kind recommendation to support the continuation of granting us the ISO certificates ISO 17100 & ISO 18587, which are a badge on our chest and an incentive for us to continue the development efforts that we started with you as soon as we were granted this global appreciation.
As we declare our desire to you, we renew our pledge to continue working on developing and modernizing everything related to our company in terms of science and theoretical and technical knowledge to reach the highest levels that companies operating in this field aspire to.
Once again, we thank you for your generous willingness to support us in everything related to the development of our company at all levels.
CEO – Star Middle East, Cairo – Egypt
Dear Dr. Mohamed-Ali IBRAHIM,
Initially, I would like to express my deepest gratitude for your onsite visit to our company. We are very pleased and proud of the audit results.
We enjoyed working with you and want to thank you for your professional and companionable nature as you conducted our audit. All the staff at Language Empire, had very positive things to say and enjoyed discussing with you how they contribute to their work. We appreciate your knowledge and expertise of ISO and look forward to implementing your suggestions in order to improve our Quality Control system. We were very pleased with the audit method and look forward to working with you in the future. I assure you that we will keep the hard work up to implement all expected recommendations.
Jaber Abd Alkhaliq
Linguist Relations Manager Language Empire Ltd
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