General Accounting - Fundamentals - Module 1

Inter-company training

Who is the training for?

This course is designed to help people without an accounting background to easily learn and understand accounting concepts.

Duration

32,50 hours(s)

Language(s) of service

EN

Next session

08.10.2024
See details
Location
Luxembourg

Price

505,00€

Goals

Upon successful completion of this course, the participant should be able to:

  • Understand the principal components of annual accounts (Balance Sheet and Profit and Loss Account) and their purposes

Contents

Accounts and how they work
Classification of accounts

  • Profit and Loss Account accounts (expenses and income)
  • Balance Sheet accounts (assets, liabilities and equity)

The main accounting principles and concepts

  • Accounting entity
  • Accruals, realisation, revenue recognition
  • Consistency
  • Cost
  • Going concern
  • Matching
  • Materiality
  • Money measurement
  • Prudence

The concept of accrued and deferred items
The journal and the ledger
The trial balance
VAT – a brief overview
Adjusting and closing entries

  • Finding and adjusting for errors
  • "Closing the books"

The standard chart of accounts
The annual accounts

  • Legal requirements
  • Contents of the Balance Sheet
  • Contents of the Profit and Loss Account
  • Contents of the Notes to the Accounts
  • The directors’/managers’ report
  • The auditor’s report
  • The allocation of results
  • Other information

Approval of accounts
Filing of accounts in the Commercial Register

Certificate, diploma

The course ends with a written exam. Successful completion of the exam is sanctioned by a certificate of success issued by the House of Training and cosigned by the "Ministère de l'Education nationale, de l'Enfance et de la  Jeunesse".

Next session

Datum
City
Language and price
08.10.2024

16.01.2025
Luxembourg
EN 505,00€
See details

Organization contact details

House of Training

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