Course Methodology

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.

Course Objectives

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

• List major terms of VAT such as a taxable person, input VAT, output VAT and exempt supplies
• Recognize the effect of VAT adoption on their company’s financial statements
• Explain how to account for VAT on purchase and sales of goods or services whether the entity is registered in VAT or not
• Use the company’s trial balance to fill up a VAT return
• Formulate a preliminary assessment of impact of VAT adoption on operations and accounts
• Assess impact of VAT on selected industries

Target Audience

Staff accountants, senior accountants, chief accountants, accounting managers, controllers, internal auditors, tax consultants, tax preparers, IT professionals, business development managers and other professionals in different company functions.

Target Competencies

• Understanding VAT
• Applying VAT