Accounting for Business Transactions and Foreign Currency

This course focuses on the principles of recording business transactions and accounting for assets and liabilities whose values are affected by fluctuations in foreign exchange rates in accounting records. It provides a detailed accounting and tax perspective in line with Lebanese regulations.

Course Overview
The course includes a comprehensive comparison between Decision No. 893/1 and Decision No. 111/1, related to the application principles of the Lebanese General Accounting Plan from an accounting standpoint. It also provides a detailed explanation of Circular No. 114/S1, which confirms the mandatory issuance of invoices and similar supporting documents and the collection of taxes and fees in Lebanese pounds.
Participants will explore practical cases and applied examples that demonstrate how to apply Decision No. 893/1, record accounting transactions, and analyze their impact on:
• Balance sheet accounts
• Profit and loss accounts

Language of Instruction
This course is delivered in Arabic, ensuring accurate understanding of technical accounting and tax treatments related to foreign currency transactions in Lebanon.