Improvement
Target audience
- Anyone interested in this topic
2 day
New training
Prerequisites
You must have a solid understanding of the basics of general accounting or have completed the “General Accounting – Level 1” [CGEN] course.
Objectives
◗ Oversee billing operations and their accounting and tax implications.
◗ Handle day-to-day accounting tasks related to accounts receivable, accounts payable, fixed assets, and financing.
◗ Apply VAT rules (taxability, recovery, VAT adjustment) to domestic and international transactions.
◗ Record the most common inventory journal entries (FNP, CCA, depreciation, etc.).
◗ Adapt accounting practices to changes in the PCG 2025 and the widespread adoption of electronic invoicing.
Training program
◗ Verification and recording of purchase and sales invoices
– Required information on invoices
– Focus on the new e-invoicing requirement and its implications
– Accounting for incidental expenses
– Recording credit memos for discounts and returns/cancellations
– Accounting for Unpaid Amounts and Uncollectible Accounts Receivable
– New Accounting Treatments Resulting from the 2025 General Accounting Plan (PCG) Reform: Former Expense Transfers, Fines, etc.
✔ APPLY | Practical Example: Accounting Entries
◗ Accounting for VAT rules in accounting entries
– VAT Accrual Rules: VAT on Outflows and VAT on Inflows
– Recording Advances and Deposits and VAT Treatment
– Cases Where VAT on Purchases Is Not Recoverable: Passenger Vehicles, Expense Reports, Gifts, etc.
– Accounting for VAT Payable
✔ APPLY | Summary Case: Accounting Entries with Non-Recoverable VAT and Recording VAT Payable
◗ Handling International Trade
– Intra-Community Transactions and the Reverse Charge Mechanism for VAT
– Exemption for Exports and the Reverse Charge Mechanism for VAT on Imports
– International Services
– Exemption Items to Be Listed on Invoices, the EMEBI Principle, and the VAT Statement (formerly DEB)
– Handling transactions in foreign currencies, foreign exchange gains and losses
✔ ASSESS | Interactive Kahoot quiz
◗ Recording of investment and financing transactions
– Valuing the acquisition cost of a fixed asset and recording it in the books
– The concept of depreciation: calculation principles and accounting entries
– Accounting for the disposal of fixed assets: new accounting treatment under ANC Regulation 2022-06 (New PCG 2025)
– Treatment of maintenance and repair costs: expense or fixedasset?
– Accounting entries for loans and loan repayments
– Other sources of financing: shareholders’ checking accounts and investment grants
✔ APPLY | Case Study: Accounting entries for the acquisition, depreciation, and disposal of fixed assets
◗ Personnel expenses
– Principles for recording and consolidating salaries and social security contributions
– General ledger reconciliation related to personnel expense transactions
◗ Initial inventory procedures
– The principle of inventory journal entries
– The principles of conservatism and the separation of fiscal years
– Main inventory journal entries: the concepts of prepaid expenses and deferred revenue, as well as invoices not yet received and to be issued
– Checking the accounts based on the trial balance
✔ APPLY | Recording inventory transactions and checking the accounts based on a trial balance
Why choose this course?
You have a solid grasp of accounting principles and the debit/credit system, but would like to gain more confidence in handling day-to-day transactions.
This training course covers invoicing, VAT, international transactions, investment and financing transactions, as well as basic inventory procedures.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€1,630 (excluding tax)