"IATC" FUND

"ACCOUNTING" Study Manual (Fourth Edition, June, 2017)

Developing economic situation in Armenia calls for the creation of the new textbooks and study manuals. The Current study manual is aiming to introduce the foundations of the Financial Accounting and Accounting Legislation. We are pleased to introduce you the fourth edition of our study manual, where the general Accounting Framework, Accounting Law of the RA, the main accounting standards, the newest Chart of Accounts and ways of their applications are presented in details.

'Accounting" study manual has passed 18-year trial period. It is a result of team work, since the faculty of the IATC Fund has had direct input in its development process. Many students who passed the present course obviously have acquired new professional skills and abilities and have improved their knowledge on many fields, such as Current Assets accounting, Accounts Receivables and Accounts Payables ledgers, Non - Current Assets accounting, financial statements and others.

The manual consists of 11 parts where the final part comprises tasks, assignments and case studies which make the learning process easier. The present manual will highly support the start of a new career in the financial field, since the theoretical issues are illustrated by several case studies, practical examples and tasks. The RA Chart of accounts is presented separately.