C2001 - General accounting: current operations
Target Audience
Beginners. Anyone who wants to learn how accounting works.
Objectives
- Master the logic of double entry accounting and understand the accounting system.
- Understanding the balance sheet structure and distinguishing a company's assets and liabilities.
- Identify the results (profits and losses) of the company.
- Establish the journal, the general ledger, the trial balance, the profit and loss account and the balance sheet.
- Master the accounts and the Luxembourg chart of accounts.
- Prepare the accounting for transactions and invoices.
- Understanding the VAT mechanism on transactions.
- Know the accounting standards.
- Accounting for payroll.
Prerequisites
None.
Notes
This course refers to the standardised Luxembourgish accounting chart.
