C2003 - General accounting: year-end operations
Target Audience
Anyone who wishes to deepen their knowledge of the accounting system and year-end operations.
Objectives
- Control inventory / stock variations.
- Evaluate assets taking depreciation into account.
- Account for variation in prices / value in relation to assets.
- Account for variation in prices / value in relation to doubtful debts.
- Record the recognition of the sale of assets in order to calculate the gain or loss on sale.
- Record provisions for risks and charges.
- Understand the mechanism for regularizing expenses and products. Revenue / Expense recognition.
- Process to close the accounts at the end of the financial period.
Prerequisites
Successful completion of the module « General Accounting: current operations » (C2001E) or proof of equivalent certified knowledge.
Notes
This course refers to the standardised Luxembourgish accounting chart.
