Improvement
Target audience
- Finance Managers
2 day
New training
Prerequisites
You must have a solid understanding of the fundamentals of general accounting or have completed the “General Accounting – Level 2” course [OIRC].
Objectives
◗ Prepare the accounting entries for the monthly inventory and year-end closing.
◗ Effectively review the various financial statements: balance sheet, statement of financial position, and income statement.
◗ Apply accounting rules to reduce the risk of errors.
◗ Reflect the effects of the PCG reform, which is effective for fiscal years beginning on or after January 1, 2025.
Training program
This program is updated in real time to reflect the latest regulatory changes, including ANC Regulation 2022-06 on the modernization of annual financial statements and the reform of the PCG, which has been in effect since 2025 (elimination of expense transfers, new definition of extraordinary income).
◗ Overview of Common Accounting Entries and Accounting Regulations
– Overview of required accounting documents and basic journal entries
– Implementation of the new General Chart of Accounts (PCG) effective January 1, 2025: ANC Regulation No. 2022-06
– Update on electronic invoicing rules: new reform effective September 1, 2026
– The Accounting Entries File (FEC)
✔ TEST YOUR KNOWLEDGE | Interactive Kahoot quiz
◗ Calculation and recording of all inventory transactions
– Equity Accounts
• Entries related to the appropriation of net income
• Loans: verification and recording of accrued interest
• 2025 PCG Reform: Implications for accrued interest and the amortization of loan issuance costs
– Fixed Assets and Inventory Transactions
• Reminder of PCG Accounting Rules: Distinction Between Fixed Assets and Expenses
• Depreciation Rules
• General Ledger Review After Inventory for the Fixed Assets Cycle
• Investment Grants: New Entries Under PCG 2025
✔ APPLY | Review the General Ledger After Inventory for the Fixed Assets Cycle
– Inventory and Work in Progress: Changes in Purchases and Revenue Inventory, Work in Progress
✔ APPLY | Practical Examples: Inventory Journal Entries
– Accrual of Expenses
• Reminder regarding the cut-off for purchases and sales: prepaid expenses and deferred revenue, invoices not yet received and to be issued
• Accruals and deferrals related to taxes – implementation of the 2025 Corporate Tax Reform
• Impact of the 2025 Corporate Tax Reform on the calculation of value added subject to the CVAE
✔ ASSESS | Recording accrual and deferral entries and interactive Kahoot quiz
– Impairment and provision accounts
• Recognition and deductibility requirements
• Impairment of receivables, fixed assets, and inventory
• Provisions for risks and charges, regulated provisions: application of the 2025 PCG reform
✔ APPLY | Practical examples: calculating and recording provisions
– Receivables and payables in foreign currencies: translation adjustments, foreign exchange gains/losses
◗ Tax Implications of Accruals and Deferrals
– How to Calculate Taxable Income
– Non-Accounting Add-Backs and Deductions
– Calculating Taxable Income and Corporate Income Tax
✔ PRACTICE | Case Studies and Interactive Kahoot Quiz
◗ Analysis and justification of all accounts for the preparation of summary statements
– Balancing the books after inventory
– Methodology for preparing year-end financial statements: procedures and accounting audit considerations
✔ ASSESS | Interactive Kahoot quiz to assess learning
Why choose this course?
You are proficient in routine accounting entries, and your responsibilities extend to year-end closing procedures.
This training course helps participants master inventory journal entries, incorporate recent regulatory changes, and ensure the accounting review process is conducted properly to enhance the reliability of financial statements.
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)
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