Fundamentals
Target audience
- Management Accountants
- Finance Managers
2 day
New training
Prerequisites
No prior knowledge is required.
Objectives
◗ Understand the accounting framework, terminology, and debits and credits.
◗ Break down the balance sheet and income statement, as well as the relationship between them.
◗ Record routine accounting transactions.
◗ Incorporate recent changes in accounting legislation into one's practices.
Training program
This program is updated in real time to reflect the new provisions and implications of the latest budget law and the regulations issued by the Accounting Standards Authority. In particular, it incorporates ANC Regulation 2022-06, which eliminates expense transfers and mandates the issuance of electronic invoices effective September 2026.
◗ Required accounting documents
– Accounting
• A legal and tax requirement
• A fundamental tool for decision-making and communication
• Supporting documents
• Focus on the electronic invoicing reform effective September 1, 2026
– Overview of summary documents
• The balance sheet: a financial overview of the company, detailing assets and liabilities
• The income statement: determining the company’s profit or loss, detailing operating, financial, and extraordinary income and expenses
✔ UNDERSTANDING | Presenting a simplified balance sheet and income statement
◗ Basic Accounting Principles
– The double-entry debit/credit rule
– General Chart of Accounts (GCA): account classification (classes 1 through 7), customizing the GCA
– Focus on the 2025 reform of the GCA nomenclature
– The various journals: Purchases, Sales, Bank, etc.
– Standard accounting entries: purchase invoices, sales invoices, and payments
✔ ASSESS | Interactive quiz to test your knowledge on Kahoot
◗ Accounting Structure
– Required ledgers: the journal and the general ledger
– Account coding
– Rules for retaining supporting documents and accounting records
– The requirement to issue electronic invoices starting in September 2026
– The accounting chain: from journal entries to the balance sheet and income statement
– Preparation of annual financial statements
✔ APPLY | Case study: From journal entries to annual financial statements
◗ Understand and perform the main accounting entries
– Purchases, Overhead, and Sales
• Invoices and Credit Memos
• Accounting for VAT in Journal Entries
– Cash Management: Recording Payments and Bank Reconciliations
– Fixed Assets: Rules for Recording Fixed Assets
✔ APPLY | Practical Exercise: Recording the Acquisition of Fixed Assets
Why choose this course?
This training course lays the foundation for general accounting and is designed for both accounting staff and management controllers. It helps participants build a solid understanding of accounting processes—from journal entries to annual financial statements—while incorporating the reforms of the PCG 2025 and electronic invoicing.
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)