Recent graduate
Wants to understand how evidence reaches the journal and then review.
ORIX Academy · Amwaj program
From understanding to executing a complete accounting month
A junior-accountant program connecting nine sessions in one journey: visual explanation, a worked example, guided practice, independent application, and review of the resulting work.
The revenue-cycle course's current state allows access. The nine-session outline describes the complete Amwaj curriculum; it does not mean that the remaining sessions are open for enrollment.
- sessions
- 9
- weeks
- 5
- target learning stages
- 6
- ERP labs
- 4
Who it is for
Applied learning for accountants at the beginning of their professional journey
Professional-exam student
Wants to connect accounting concepts to cases and work files.
Practicing accountant
Wants to organise business cycles and strengthen close and review.
Session 3 preview
Buying is not an expense: read the document before you pay
A silent public preview, read through its captions, covering the procurement cycle and landed cost before applied practice.
Preview duration 01:27
What you will see
- 00:00Buying is not an expense
Buying inventory turns one asset into another and does not pass through profit or loss.
- 00:21Every step has a document and a control
Requisition, order, receipt, and invoice — with no payment before the match.
- 00:36Landed cost
Freight and duties are part of inventory cost, not a separate expense.
- 00:54What reaches profit?
What was sold, what lost value, and what was genuinely consumed.
- 01:12From explanation to the task
Read the document, match before approving, and document the difference.
Read the complete preview transcript
- 00:00–00:21
In this session Amwaj buys more than a million riyals of goods, and almost nothing reaches profit or loss, because buying inventory converts one asset into another.
- 00:21–00:36
Each step has a document answering a question: who requested, what we committed to, what actually arrived, and what we are charged. The invoice is not approved for payment before the match.
- 00:36–00:54
A visual preview from Session 3
Revenue-cycle foundation: order to cash
The learner sees the evidence sequence and accounting effect, then follows a credit-sale and collection example before entering applied practice.
Document-to-account map
- 1
Requisition
- Evidence
- Approved internal request stating the need
- Effect
- Establishes the need and the approval trail; no accounting effect from the request alone.
- 2
Purchase order
- Evidence
- Approved order stating item, quantity, and price
- Effect
- Fixes the future commitment and the reference price for matching; it creates no journal by itself.
- 3
Goods receipt
- Evidence
- Goods received note and inspection report
- Effect
- Evidences arrival and acceptance, so inventory cost rises by the landed amount for the accepted quantity.
- 4
Invoice and match
- Evidence
- Supplier invoice matching the order and the receipt
- Effect
- Determines the credit side and its amount once the three-way match succeeds; a failed match stops payment, not the investigation.
- 5
Payment
- Evidence
- Approved payment authorization and bank movement
- Effect
- Reduces cash and settles the supplier balance without recording the cost again.
Worked example
Worked example: imported materials, then a write-down and retranslation
Amwaj imported raw materials on a foreign supplier invoice denominated in dollars, paid inbound freight and customs duty in cash at release, and left the foreign supplier balance unpaid at month end. In the same month a slow-moving line could only be sold below its cost, and the exchange rate moved before close.
Learning outcomes
What the program builds across the accounting month
- 1
Process transactions across every business cycle — revenue, procurement, payroll, fixed assets, and treasury — from source document to ledger.
- 2
Apply the core IFRS treatments a junior accountant meets in practice (IFRS 15, IFRS 16, IFRS 9, IAS 1, 2, 7, 16, 19, 21, 36, 37).
- 3
Execute a month-end close: bank reconciliations, accruals, provisions, the adjusted trial balance, and a full financial statements pack.
- 4
Explain and apply KSA regulatory requirements: VAT and e-invoicing (Fatoora), Zakat, GOSI, WPS, and SOCPA's role.
- 5
Identify internal control and governance concepts (COSO, segregation of duties, risk registers) and spot control gaps in a process.
- 6
Present an ATS-ready CV and answer the most common accounting interview questions in the Saudi market with confidence.
Curriculum
Nine connected sessions
Each session is designed toward the same learning order: visual lesson, worked example, knowledge check, guided practice, independent application, and review.
- Session 1
Onboarding — welcome to Amwaj
- Practical work
- Add the missing accounts, map each account to its statement caption, and load the opening balances.
- Output
- A completed chart of accounts and a balanced opening trial balance.
- Visual lesson
- Worked example
- Knowledge check
- Guided practice
- Independent application
- Review
- Session 2
Revenue cycle — order to cash
- Practical work
- Decide IFRS 15 recognition timing, issue the ZATCA-compliant tax invoice, and record the output-VAT entries.
- Output
- Revenue entries, the AR aging, and the expected credit loss provision.
- Visual lesson
- Worked example
Teaching method
Teaching that makes the reasoning clear before asking for the result
- 1
Explain
The concept, terminology, and job context.
- 2
Show
A worked example that exposes the decision path.
- 3
Guide
A short task with clear support.
- 4
Apply
An independent assignment using evidence and data.
- 5
Review
The consequence, errors, and resulting work.
Included materials
Materials that follow each session's context
Materials vary by session. The curriculum includes the following types where applicable.
- Lesson deck
- Workbook
- Excel pack
- Source documents
- ERP lab
Practical work
Outputs learners can inspect and review
- A complete accounting-month file: entries, tie-outs, and documented reconciliations
- Reviewable working papers for every business cycle
- A balanced adjusted trial balance and a full financial statements pack
- A simplified Zakat base computation and VAT return figures
- A risk register and audit observations written the way internal auditors write them
- A capstone file, an ATS-ready CV, and prepared answers to fifty interview questions
Current access
Begin with the revenue-cycle course
You can enter the revenue-cycle course under its current enrollment state. The remaining sessions belong to the complete curriculum and are not presented as open enrollment.
ORIX does not claim accreditation by SOCPA, ZATCA, or any professional body, and this page does not promise an accredited professional certificate.