Financial accounting (upon request)

The full course includes the evaluation, accounting, and documentation of values reported in balance sheet items – from source documents to the preparation of the balance sheet and profit or loss statement.

It is possible to cover only individual topics in a one-day training session (4 hours).

1. Valuation and accounting of long-term investments

2. Intangible assets: measurement, recognition, accounting.

3. Fixed assets: general accounting issues, determination of initial value, accounting and valuation after determination of initial value, calculation of depreciation using various methods, write-off.

4. Financial leasing and operating leasing.

1. Stocks

2. General issues of inventory accounting, determination of initial value.

3. Inventory accounting and inventory cost estimation methods.

4. Accounting for self-produced stocks.

5. Inventory losses, loss rate determination. Gift cards and advance payments.

6. Debtors

7. General issues of accounts receivable accounting. Discounts granted to buyers. Valuation of accounts receivable. Accounting for accounts receivable in foreign currency. Doubtful and bad debts. Settlements with advance payment persons.

8. Deferred costs. Accrued revenue.

9. Cash: general accounting issues, accounting rules for cash transactions.

10. Equity

11. Accounting, increase and decrease of share capital.

12. Possible distribution of retained earnings – formation of reserves, determination of dividends, including extraordinary dividends.

13. Creditors

14. General issues of accounts payable accounting. Loans, advances received, settlements with suppliers, other creditors: employees, company management, state budget. Unpaid dividends.

15. Accrued liabilities. Accrued liabilities for employees' unused vacation days.

16. Preparation of profit or loss statement, revenue accounting

17. Profit or loss calculation schemes: common and different, basic preparation requirements.

18. Revenue accounting: net turnover of economic activity. Other revenue from economic activity. Revenue not related to economic activity. Distribution of revenue accounts by Profit or loss account items.

19. Continuation of the preparation of the profit or loss statement, accounting for expenses

20. Accounting for operating expenses: production, sales, administration and other expenses. Distribution of expense accounts by the mentioned expense groups.

21. Non-operating expenses: accounting for these expenses, impact on the company's financial performance, presentation in the profit or loss statement.

22. Annual report in a micro or small enterprise

23. Annual reporting period. Structure of the annual report.

24. Structure of the financial statement appendix.

25. Basic principles of preparing an annual report in a micro or small company.

Teaching hours: 40 (one teaching hour – 45 min.)