READA project, at BTI, held a training program for entrepreneurs to disseminate basics of accounting& financial administration of companies.
As Prof. Mohammed Al-Ashi mentioned, the training program aims at introducing main concepts of Accounting: Statement of Financial Position, Income Statement, and other financial statements, also, recording ravenous and expenses and differentiating between them. Finally, identifying the added taxes& tax evasion. Moreover, introducing accounting basics as a science looking at ways of identifying, registering, tabulating, and reaching financial transaction to the company. Consequently, evaluating results of companies’ work either winning or losing. Additionally, providing required data for planning and policy- making. This is the direct goal of the Financial Accounting.
Signing the contracts by Eng. Nader Abdul-Nabi, READA has to commit to some points:
· Support projects financially, 4000$, to provide technical and administrative supply according to the work plane.
· Create a suitable environment for developing projects.
· Contribute in marketing entrepreneurs” ideas locally &abroad.
Meanwhile, Projects’ owners have to:
· Comply with their ideas by developing & working on them.
· Pay tax bills& exchanger boosters specified to project’s scholarship.
· Participate in all activities of the incubator that cultivate their experiences.
