DEPARTMENT OF ACCOUNTING ORGANIZED A FIELD TRIP TO THE REAL ESTATE BANK IN ERBIL
On Tuesday, May 9, 2023, the Department of Accounting organized a field trip to Real Estate Bank in Erbil for fourth-stage students under the supervision of Dr. Hashem Mohammed Safi.
The bank’s director, Mrs. Zhian Mohamed Omar, greeted the students and explained how the bank works, the banking process, and the types of loans and banking transactions.
In addition, the financial manager of the bank, Mr. Falah Abdullah Mohamed, explained how to record the accounting operations related to loans and interest, how to split the related accounts, how to maintain deposit accounts, how to calculate interest on loans, and described how to change the schedule.
The academic visit ended with learning about real estate bank accounting and reviewing relevant documents and priorities. This gave students the opportunity to ask questions about banking operations, areas related to banking, and obtaining credit.