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Cette formation est proposée sous forme de formation présentielle.
Catalogue

General Accounting - Fundamentals: Module 1

Comptabilité

Description

Objectives

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

  • Understand the main components of financial statements (balance sheet and profit and loss account) and their purpose.

Programme

 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

  • historical cost

  • Going concern

  • consistency 

  • Materiality

  • Monetary valuation

  • Prudence

The concept of accrued and deferred items

The journal and the ledger

The trial balance

VAT – a brief overview

Adjusting and closing entries

  • identifying and correcting 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

  • Allocation of profits

  • Other information

Approval of accounts

Filing of accounts in the Commercial Register


Target audience

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

Conditions

Course Material

Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.

Certificate

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".

Location
Chambre de Commerce Luxembourg
7, rue Alcide de Gasperi
L-1615 Luxembourg
Luxembourg
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