Accounting close

By the end of the course, learners will be able to:

• Carry out year-end closing procedures in accordance with accounting and tax requirements.
• Correctly value assets and liabilities at the year-end.
• Master the accrual and deferral of operating, investment and financing transactions.

Legal obligations, investments and stock

Introduction – Complying with legal obligations

• General chart of accounts: Rules for closing accounts, the importance of compliance.
• Link between accounting and taxation: Key tax obligations relating to the year-end, impact on tax returns.

Closing investment transactions

• Depreciation: tax and accounting rules, depreciation methods, recognition
• Component-based approach: definition and application
• Practical examples: Exercises on complex depreciation: Case studies to illustrate the concepts.

Valuing and recognising inventories

• Physical and accounting inventory requirements: Procedures, importance 
• Determining acquisition/production cost: methods (historical cost, replacement cost, production cost), calculations
• Accounting for changes in stock: perpetual inventory methods and practical examples

Impairment of stock

• Identifying and recognising write-downs: methods (how to identify write-downs), criteria, comprehensive practical examples

Accruals and deferrals for operating and financial transactions

Processing the close of the sales-receivables cycle

• Rules for allocating revenue to the financial year: principles and methods
• Revenue accruals: invoices to be issued, deferred revenue
• Impairment of receivables and provisions for risks: and calculations (practical examples)

Valuing operating expenses and liabilities

• Determining the periods to which expenses relate (principles and methods)
• Accrual of expenses: accrued expenses, prepaid expenses
• Provisions for risks and operating expenses: methods, calculations (practical examples)

Valuing investments and financing

• Borrowings and loans: specific accounting treatments, classification and valuation of financial assets
• Valuation of impairment of financial assets: method and calculations (practical examples)
• Special depreciation allowances: accounting and tax aspects
• Treatment of major maintenance expenditure: method and criteria for recognising expenditure

Comprehensive practical case study on year-end closing

• Comprehensive simulation: Case studies to illustrate the concepts.
• Provisions: Calculations and recognition, depreciation
• Valuation of financial assets and liabilities: Techniques and criteria.

 Final summary, Assessment of knowledge acquired.

• Certification of prior learning

• All audiences

This course is aimed at directors of micro-enterprises and SMEs, business founders or buyers, operational managers, department heads, sales representatives or account managers, as well as any employee wishing to learn the basics of financial analysis.

It is also suitable for professionals who are not finance specialists but wish to better understand and interpret a company’s key financial documents (balance sheet, profit and loss account, key indicators).

It is primarily aimed at companies with fewer than 50 employees operating in sectors represented by AKTO. Funding is also available for companies with more than 50 employees. Please contact us.

• Technical prerequisites:

Experienced accountants or accounting managers wishing to master the annual accounts-closing process. Some prior experience in bookkeeping or administrative and financial management is recommended to ensure you can follow the course effectively.

12 people

• Fully classroom-based training

The training takes place in person at the centre, which provides the ideal setting for building group dynamics, encouraging interactive discussions between trainees and making use of professional equipment.

• Room equipped with networked computer workstations
• Unmarked room with video projector

Education Nationale certified teachers, Bac +3 trainers with significant experience in adult training, professional speakers.

Trainers experienced in individualising learning.

By the end of this training course, participants will be able to understand and carry out the main stages of the year-end closing process, check the consistency of the accounts and prepare the year-end documents. They will thus be able to contribute effectively to the preparation of financial statements and to ensuring compliance with accounting and regulatory requirements

Access for people with disabilities

Catering

Transport

National Education certified teachers, Bac +3 trainers with significant experience in adult training, professional speakers.

1st training session, we have no Quality indicators.