Accounting and Applied Taxes

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CIS branches across Lebanon and online

$ Price $700.00

Delivery type On-Campus or Online

Capacity Unlimited

Level All levels

Duration 60 Hours

Lessons 7

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Overview

Accounting and Applied Taxes is a 60 hour course that combines core accounting practice with the Lebanese tax system. You will start with the fundamentals of accounting, from journal entries and bank reconciliation to closing the income statement and preparing the balance sheet, then move into the taxes that every business in Lebanon has to manage.

On the tax side, the course walks you through income tax, payroll tax, value added tax, and registration with the National Social Security Fund, with hands on practice using real declaration forms and payment notices.

What You Will Learn

Record journal entries for purchases, sales, returns, discounts, and transfers
Perform bank reconciliation and inventory counts, and adjust customer and depreciation accounts
Close the income statement and prepare a company balance sheet
Analyze the financial indicators drawn from a balance sheet
Apply Lebanese income tax rules, including assessment methods and required documents
Apply payroll tax rules and complete employer tax obligations
Calculate and declare Value Added Tax (VAT) and prepare compliant invoices
Register with and calculate contributions to the National Social Security Fund (NSSF)

Course Curriculum

Module	What you cover
Module 1: Accounting Fundamentals	Definitions of accounting, financial statements, and accounts
Module 2: Journal Entries and Applied Bookkeeping	Purchases, sales, returns, discounts, transfers, payments, and expenses
Module 3: Closing and Financial Statements	Bank reconciliation, inventory and customer adjustments, exchange differences, closing the income statement, and preparing the balance sheet
Module 4: Income Tax	Who is liable, declaration methods, assessment, required documents, calculation, and legal deadlines
Module 5: Payroll Tax	Employer duties, employment declarations, wage records, e-services registration, and exemptions
Module 6: Value Added Tax (VAT)	Subjection conditions, deduction rights, exempt activities, invoicing, and electronic declarations
Module 7: National Social Security Fund (NSSF)	Registration, required documents, contribution calculation, and declaration and payment

Who This Course Is For

This course is for anyone who wants to handle both the accounting and the tax obligations of a business in Lebanon, from bookkeepers to business owners and future tax preparers.

Target audiences

Bookkeepers and accounting assistants
Business owners who manage their own books and taxes
Anyone preparing to work with Lebanese tax declarations

Requirements

Basic literacy in reading and writing
No prior accounting experience required