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Tandem C, Awareness Creation Workshop on Demand Driven Applied Research and Technology Transfer Dec 5/2024

Jigjiga University Tandem C (Applied Research) organized awareness creation and consultation workshop focusing on demand driven research and Technology/Knowledge transfer on Dec 5/2024. The workshop’s specific theme was revising the university’s Research, Publication, and Technology Transfer Policies and Guidelines. The event was attended by university leadership, college-level research and technology transfer coordinators, Jigjiga University-F.A.I.T.H project core team, as well as experts from various sessions of the University.
The program commenced with an opening remark by Dr. Shermake Jama, Director of the Research and Technology Transfer Directorate. He emphasized the importance of such workshops for the university community to raise awareness and gather inputs that would inform the revision of the university’s policies and guidelines. Dr. Shermake also expressed his gratitude to the F.A.I.T.H project for spearheading the initiative, aligning with the office’s plans for policy revision. He highlighted the office’s strong support for the implementation of the Tandem Pilot Project.
Mrs. Zufan Gebrehiwot, Lear of the F.A.I.T.H Project Work Package 8 (WP8), presented an overview of the project focusing on the main objectives and achievements of the project to date.
Mr. Abdi Abdilahi, the coordinator of the Tandem C, presented on the activities, tasks performed, lessons learned, and next steps of the pilot project and the JJU research Gudiline and Policy review results. The workshop also featured group discussions during which participants shared their insights. These discussions were moderated by Kownin Abdimahad, a member of the Tandem C team. Participants provided valuable input on revising the university’s research and technology transfer policies and guidelines to ensure it will be beneficial and relevant to the community.
The event concluded with closing remarks from Mr. Maslah Issa, Director of the President’s Office. He underscored the importance of the Tandem Pilot Projects being rolled out at Jigjiga University, noting that they serve as a model for the 15 applied science universities across the country. Mr. Maslah reaffirmed Jigjiga University’s full commitment to the successful implementation of the Tandem Projects and their objectives. On behalf of the university’s leadership, he thanked the organizers of the workshop, especially the Tandem C team, the Jigjiga University-F.A.I.T.H project core team, the European Union (EU) and other partner stakeholders for their support for the project effectiveness.

Partner and Student/s Relationship in Implementing High Quality Internship Workshop, Dec 02/ 2024

Tandem Internship Training Session was successfully Conducted at Kotebe University of Education

Dec 3, 2024, Kotebe, Addis Ababa
Kotebe University of Education hosted a comprehensive training session for school mentors, university internship advisors, and participating intern students as part of the rollout activities under Project F.A.I.T.H, Work Package 4. This initiation marks a significant step in the project’s commitment to enhance the quality of internship programs through collaborative engagement in Ethiopian Universities of Applied Science.
During the session, the Project Coordinator, Dr. Eprem T., and his team delivered a key message outlining the rationale behind Project F.A.I.T.H, the progress achieved to date and the expectations from stakeholders to ensure the successful rollout of internship toolboxes. His speech emphasized the importance of collaboration and active participation in achieving project goals.
Tandem experts Dr. Bekele W. and Mrs. Mignot shared insights into the structure and purpose of the internship toolbox, highlighting valuable lessons learned during the mini-pilot implementation phase. Their presentation shed light on practical approaches and strategies to optimize the internship experience for all participants.
Additionally, Mr. Hawarya, the Practicum Coordinator at Kotebe University of Education, provided a detailed overview of internship procedures, ethical principles, and the critical need for cooperation and coordination among all stakeholders involved in the program.
The event was concluded with a vibrant discussion and idea exchange, where partners reaffirmed their commitment to play their respective roles in ensuring the success of the internship rollout. This collaborative effort reflects a shared dedication to enhance the educational and professional outcomes of internship programs under Project F.A.I.T.H

F.A.I.T.H-Pilot Project Lessons Learnt Dissemination

Project F.A.I.T.H successfully Disseminates Lessons Learned from Tandem Projects
November 20, 2024, Samara, Afar

Project F.A.I.T.H has reached a significant milestone by successfully sharing valuable insights from its tandem projects during an event held at Samara University on November 20, 2024, in Samara, Afar. This gathering served as a partners meeting for the EU-funded EtD-FaM maker space project, bringing together key stakeholders from various institutions.

The event featured a strong representation from Project F.A.I.T.H with core team members from Kotebe University of Education and Jigjiga University actively participating. Dr. Eprem Tekle, the F.A.I.T.H Project coordinator from Kotebe University of Education, delivered a presentation titled “Establishing Universities of Applied Sciences in Ethiopia: Lessons from F.A.I.T.H Project Tandem Projects.”

In his presentation, Dr. Eprem outlined the project’s evolution, highlighting its journey from inception to its current state. He explained the process of documenting best practices and contextualizing them within the Ethiopian landscape through collaboration with European experts. He elaborated on the design and implementation of tandem projects, which played a crucial role in testing the feasibility of various toolboxes developed throughout the initiative. He shared specific lessons learned from each tandem project, demonstrating how Ethiopian universities of applied sciences can effectively collaborate with industry stakeholders to achieve shared objectives.

The event also provided a platform for stakeholders from Italy, Djibouti, and Germany to engage in discussions about future collaborations. This international dialogue not only set the stage for ongoing partnerships but also offered Project FAITH an opportunity to expand its reach and impact on a global scale. As Project FAITH continues to pave the way for the advancement of universities of applied sciences in Ethiopia, the insights gained from this event will undoubtedly contribute to the establishment of robust applied sciences programs that meet the needs of both students and the industry.

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Accounting Basics: T Accounts

t account definition

T accounts help organize and understand financial transactions by showing how debits and credits affect accounts. They are foundational tools in bookkeeping and accounting for recording, analyzing, and summarizing financial information. A T-account is a graphical representation of a general ledger account that visually displays the debits and credits. It helps in analyzing and recording financial transactions by showing how each transaction affects the accounts involved. Another common transaction involves paying an expense, such as a $1,000 utility bill. The Utility Expense account increases, so it is debited for $1,000.

What is a T Account? Understanding the Basics

It will contain the date, the account name and amount to be debited, and the account name and amount to be credited. Each journal entry must have the dollars of debits equal to the dollars of credits. This account is a non-operating or “other” expense for the cost of borrowed Insurance Accounting money or other credit. Expenses normally have debit balances that are increased with a debit entry. Since expenses are usually increasing, think “debit” when expenses are incurred.

t account definition

Transaction

t account definition

Accounts such as Cash, Investment Securities, and Loans Receivable are reported as assets on the bank’s balance sheet. Customers’ bank accounts are reported as liabilities and include the balances in its customers’ checking and savings accounts as well as certificates of deposit. In effect, your bank statement is just one of thousands of subsidiary records that account for millions of dollars that a bank owes to its depositors.

Both statements are important tools in accounting and finance, and they are used to help stakeholders understand a company’s financial health.
In double-entry accounting, the T-account is a basic training tool that demonstrates how one side of an accounting transaction is shown in another account.
Debits and credits can be tricky initially, but they’re the foundation of understanding how businesses track their finances.
Single-entry bookkeeping cannot use T accounting simply because the system does not differentiate between debits and credits.

Equity

Even the highly qualified accountants clarify transactions that are more intricate using T-accounts. A T-account is a demonstration of a general ledger account in visual form. As a small business owner, you need to understand how your https://www.micahlockhart.com/bookkeeping/unofficial-purdon-s-pennsylvania-statutes-from/ general ledger maintains balance. This general ledger contains the full list of every transaction that occurs in your business.

t account definition

Is Double-Entry Accounting Commonly Used?

Each T account carries the debit and credit entries for a different type of account, such as accounts receivable, cash, sales revenue, and so on.
As the entry shows, the bank’s assets increase by the debit of $100 and the bank’s liabilities increase by the credit of $100.
This limitation becomes apparent when preparing financial statements or conducting financial analysis requiring granular insights.
As a general rule, we use the opposite or contra account to describe the transaction.
Prevent manual errors, reduce approval delays, and gain full visibility into your spending across all business units.
T Accounts are also used for income statement accounts as well, which include revenues, expenses, gains, and losses.

A T-account is used to track specific transactions, while the balance sheet is a summary of a company’s overall financial position. Both statements are important tools in accounting and finance, and they are used to help stakeholders understand a company’s financial health. As shown, the cash account is debited because the company received cash, while the sales revenue account is credited to record the income generated from the sale. For asset accounts, the debit (left) side always indicates an increase to the account and the credit (right) side indicates a decrease to the account. Examples of asset accounts are cash, inventory, and account receivable.

Taxable Income

t account definition

This entry of the T-account example properly records the wage expense and cash outflow, keeping the accounting equation balanced. Below is t account definition a short video that will help explain how T Accounts are used to keep track of revenues and expenses on the income statement. These entries are recorded as journal entries in the company’s books. When most people hear the term debits and credits, they think of debit cards and credit cards. In accounting, however, debits and credits refer to completely different things.

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Tandem C, Awareness Creation Workshop on Demand Driven Applied Research and Technology Transfer Dec 5/2024

Partner and Student/s Relationship in Implementing High Quality Internship Workshop, Dec 02/ 2024

F.A.I.T.H-Pilot Project Lessons Learnt Dissemination

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Accounting Basics: T Accounts

What is a T Account? Understanding the Basics

Transaction

Equity

Is Double-Entry Accounting Commonly Used?

Taxable Income

F.A.I.T.H

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