General Accounting - Crash Course

By the end of this course, you will have a good understanding of how accounting works and the purpose of the year-end closing process, having analysed, in part through practical exercises, the following topics

• The various items and headings in the balance sheet and their relevance to the proper management of the company.
• The different types of accounts and their operating rules (debit/credit)
• The accounting system during the financial year (opening balance sheet, account movements, results, closing balance sheet)
• Accounting documents (journal, balance)
• Principles of annual accounts

• Balance Sheet: headings and utilities basics for studying an accounting system
  • The variousitems and headings of the balance sheet. Their importance for the proper management of the company. Practical exercise carried out in conjunction with a few day to day transactions and their implications on the development of the balance sheet
• Study of an accounting system
  • The various types of accounts in general accounting (balance sheet and profit and loss) and their operating rules (debit/credit) the accounting system in the course of the financial year
    • from the opening balance sheet to the accounts
    • account movements
    • determining the result
    • from the accounts to the final balance sheet
  • Other accounting documents
    • the journal and how to use it for research
    • the balance sheet and how to use it for checking
  • Practical applications of the accounting system
• Principles of year-end entries
  • Objectives of year-end entries
  • depreciation
  • Provisions (provision for depreciation and provision for risks)
  • Adjustment of income and expenses (including accrued but not due interest)
  • The explanations in this chapter are based on numerical examples. The individual exercises are repeated in the summary exercise
• Summary exercise
  • From the opening balance sheet to the closing balance sheet
  • Ten day to day transactions (including year-end entries)