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Gulf Vat Course and its Benefits

What will you learn?

GCC(Gulf Cooperation Council) has decided to implement VAT in Gulf countries. So Tax accountants are in high demand because of this. VAT or value-added tax has been implemented in most countries, and now the Gulf countries have started implementing them. From January 01 2018, all the registered business organisations have started charging VAT on supplies of Goods and Services within Saudi Arabia and UAE. Bahrain has implemented VAT from January 01 2019, followed by Oman from April 01 2021. The other two countries, i.e., Qatar and Kuwait, will be implementing VAT very soon.

As the GCC member states are trying to treat GCC on the Single Territory Concept, the concept and rules are the same in all states except for minor changes. So this course will help accountants and administrators in the smooth implementation of this process.

After this course, they will be in charge of the implementation process and help take their firm to a new level and train the employees in this new concept, increasing their chances of promotion and salary hike.

This course provides you with detailed knowledge about Gulf VAT and its use. The main highlights of this course are

Understand the fundamental concepts of VAT and how it functions

Understand the VAT registration process

Impact of VAT on import and export business

Impact of VAT on significant industries and transactions

Learn how to prepare the invoice and documentation required

VAT compliance and filing obligations

What is subject to the standard rates, zero rates, or exempt

How to handle discounts and adjustments

Know its implementation in Saudi Arabia and Gulf

Eligibility criteria

 Individuals who have a degree or diploma course in accounting/tax can enrol for this course. 

Accountants working in Gulf countries who want a promotion and salary hike can take this course.

Individuals who are looking to migrate to the Gulf and are interested in accounting and tax can consider this course

This course is mainly for accountants, consultants and administrators who manage VAT or will handle it very soon.

Why get certified?

Unlimited career opportunities for certified candidates

Progress in career and management

Industry favoured certificate

 Where to get certified?

 Finprov is providing a certified Gulf VAT Course along with Tally Prime. Both theoretical and practical knowledge of tally prime is taught here along with Gulf VAT. Practical knowledge is taught using 3 case studies.

Gulf VAT Syllabus includes

General principles of VAT

Categories of goods and services in VAT

Input VAT and its calculations

VAT compliance requirements

Format of UAE VAT return

VAT on sales and all other outputs

VAT on expenses and all other inputs

Conditions of exercising the right of input deduction

Restrictions on input VAT deduction

Goods transported to GCC implementing states

Transporting own goods to other GCC states

VAT groups

VAT invoice and records

Fines and penalties

audits

Who all can enrol for this course

CFO

Finance Managers

Accounting and Finance staff

Auditors

Tax Managers

Sales and marketing staff

Department Heads

Procurement supply chain Managers

B.com, M.com, MBA graduates

Finprov provides a hybrid course, i.e. you can take up this course both online and offline depending upon your comfort. It is a two-month course where you will learn about Gulf VAT and its usage. You can also customise your time according to your needs.

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The Best Courses for Commerce Students 

  We say "commerce is a trial to predict the future"Because a commerce student can control the commercial field of the whole world. There are many opportunities for a commerce student, and it is just increasing day by day. As a commerce student, you should be aware of different courses that can make you choose the right career. The first step is to determine the best course based on your interest. While choosing, you should make sure the course you select has a promising career opportunity, future scope and basic knowledge of a specific course.

        As a commerce student, you can complete your graduation in any commerce-related courses that offer you many lucrative jobs. To achieve a lucrative career in commerce, you should be familiar with accounting, Tally, GST, Billing, taxation, filling returns and taking care of financial statements of businesses and individuals, maintaining records etc...To know each section listed above, we have to choose the right course based on interest.

 Some of the standard courses offered for Commerce Students are:

A chartered accountant, Advance Excell, Tally and GST, Accounting and taxation, HR payroll process, Chartered Financial Analyst, Statistics etc... are the most common courses.

Chartered Accountant

Chartered Accountant Course can make an accounting professional who can handle the accounting taxation, fill returns, take care of business and individuals' financial statements, maintain records etc...The main career options offered by these courses are Tax auditing, Internal auditor, corporate finance, investing, banking, consultant to multiple firms etc ...

Advanced Excell, Tally and GST

Learning to account in tally ERP 9+GST and advanced Excell are the most demanding computer IT skills to become job-ready.

Accounting and Taxation

Tax accounting is the subsector of accounting that deals with preparing tax returns and tax payments. Tax accounting is used by individuals, business cooperation and other entities.

HR payroll process

Payroll is an employee-facing function change to pay, entering termination dates and start dates and entering or changing such information falls under the HR management.

Cost Accounting

It is a study based on various cost data available in the company. Career options are Accountant, financial director, auditor,chief Accountant etc....

Financial Analyst

This course focus on a deeper study of finance and management, budgeting, capital structuring and management etc...The main career options are payroll associate, financial advisor, financial officer, Financial Analyst, Investment Analyst, Accountant, and Financial auditor.

Statistics

Study of numerical data, solving case studies, and opportunities in the public and private sector. The main career options are statistician professor, business analyst, data analyst, risk analyst, and mathematician.

These are the standard courses for Commerce Students, and some other courses are Business Management, Investment banking, Financial Analyst, Banking etc....

So As a commerce student, each student may be interested in a different commercial field. Finprov, best accounting institute providing various courses for enhance your skills

"Choosing the best course can make you choose your right career".

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Are you looking for the best accounting training institute? stop your search. Log into https://finprov.com/ and become an accounts professional.

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Short term courses in Finance

Finance courses have become one of the most sought after courses across the world because it deals with money management, saving, borrowing, forecasting and investing. A finance expert has become an integral part of the company be it big or small. A few years ago, these courses were limited to CA(chartered accountants) only, but now things have changed. Anyone who has an interest in finance can take up these courses. Recent studies have proved that most people are interested in taking short term courses, rather than full-fledged courses. 

CA(Chartered Accountants) and CFA(Chartered Financial Analyst) were the two main courses available for finance aspirants. But building a career in them has become a strenuous task. Candidates have to spend years to clear the exam and become a CA or CFA holder. Luckily things have changed. Now a number of short term courses are available, which gives them adequate knowledge in the finance field, eventually enhancing their career and skill sets. These courses make them ready for any type of financial job role that comes their way. One of the major advantages is that they can choose courses that suit them.

Why to take up short courses in finance

Now more and more people are opting for short term courses because of various reasons. Apart from that, people having master’s degrees in business administration and finance management are also taking up these courses. Now let’s look into these factors.

A person holding a degree a few years back, will not have the same value and asset in the current year. Company always looks into the fact about how well known you are about the current trends and technologies. A recently added course certificate in your resume will only increase your value and increase your demand in the job market.

The status and the economy of the country is changing day by day. These short term courses will help you stay updated and make him/her ready to understand all the changes made by the government in the financial sector.

Now everyone wants to be unique and wants to stand out of the crowd. These certificates provide you both.

Now people are often found changing companies and growing in their career. These certificates will be an add on for them.

Students who are confused about which career to choose after 12th or degree, can also take up these courses because it will give them a general idea about their field of interest.

Types of short term courses  in finance available in India 

Some of the popular short term courses available are:

CAIA

CFP

CBAT

SAP FICO

GST Courses

Quick books

CIMA

Working Capital management

CFS

Blue ocean Strategy

CAIA(Chartered Altered Investment Analyst)

CAIA is an advanced recognised course in the country which is a part of the “alternative investment industry”. This course gives you the knowledge about opportunities in the private equity sector, real estate, intellectual property and commodities. The duration of the course is 2 weeks and its exam is conducted in more than 90 countries around the world and is conducted twice a year. A person having a bachelor’s degree in any field and having 4 years of work experience in any field can apply for this course. Their job profile includes Investment Analyst,

Chief Executive Officer, Associate Financial Analyst.

CFP(Certified Financial Planner)

It is one of the prestigious short term courses in the field of finance mainly offered by FPSB(Financial Planning Standard Boards India) and is accepted internationally. It makes the person skilled in the areas of planning, retirement, taxes  and estate. It is a one year certified course and is available online also. A person who has completed +2 can apply for this course. For +2 candidates, a work experience of 5 years is needed and for degree holders, a work experience of 3 years is needed. Their job profiles include Investment Management, Insurance, Finance Advisor, Investment Planning, etc.

CBAT(Certification in Business Accounting And Taxation)

This course gives you the basic idea about accounting along with practical knowledge in popular accounting software and gives you a clear idea about how well it works in today’s business world. The duration of the course is six months. It is a 2 level course designed mainly for commerce graduates or any other graduates who are hoping to build a career in accounting. Here you will learn about accounting softwares like tally prime and Quickbooks along with GST, ESI,PF, Income Tax, Company Law and statutory compliances.

SAP FICO

SAP refers to Systems, Applications and Products in Data Processing and is one of the most successful ERP solution software. SAP Finance and Controlling(FICO) enables better management of financial accounting and reporting and is the most important module of SAP. Finprov provides SAP FICO Co course gives you theoretical and practical knowledge about this software and gives you hands-on experience. Here you will learn basics of SAP, G/L, A/P, A/R and reports. It is a 2-3 months course and will enhance your CV.

GST Courses

Goods and Service Tax popularly known as GST has become a law since 2017. Although it is used to simplify the tax process, a detailed study and knowledge is necessary in this area. GST has become an integral part of the business and its knowledge will only enhance your business. There are many institutes providing courses about GST. This course increases your demand in the job market since we can’t do business without GST.

QuickBooks

This course is about providing knowledge about yet another accounting software known as QuickBooks. It is a cloud accounting software which is the future of accounting. It is a 2-3 months course where you will get both practical and theoretical knowledge about this software. Because of its simple and uncomplicated features, this software is in huge demand and thus increases your chances of getting a job.

CIMA(Certified Investment Management Analyst)

It is an internationally recognised certificate in the field of financial analysis and investment management. To apply for this course candidate must complete an executive programme from a recognised institute and should have a clean background with no malpractices. Their job profiles include Portfolio Manager, Investment Consultant, Financial Advisor, Senior Portfolio Manager.

Working Capital Management

Working capital refers to the difference between current assets and current liabilities of your business. It is a main factor  that helps in long term running of your business. It ensures smooth functioning of the business eventually leading to its financial growth. Here you will learn about the working capital cycle along with building strategies, organising workflow and maximising the overall performance. 

CFS(Certified Fund Specialist)

It is the oldest certification designation which focuses mainly on the mutual funds. To apply for this course, candidates must have a bachelor’s degree with a 2000 hours of working experience.  The main attraction of this course is the handsome salary.

Blue Ocean Strategy

This course mainly tells you how to stand out, be unique and do business without any competitors. It will give you an idea about how to improve your business by opening up new market spaces and demands. Here you can unearth the full potential of your business.

Be it any courses, these will surely enhance your CV and increase your demand in the job market. So if you are looking for building a career in accounting, it is a good option to do short courses in finance and accounting.

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Short term courses in Finance

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