Year-end postings II

Year-end closing

• Recognition and disclosure regulations of the balance sheet, legal and valuation regulations, inventory preparation and implementation, supplementary balance sheet regulations for corporations, income statement regulations, structuring options of balance sheet tax law, unscheduled depreciation, valuation issues of receivables and liabilities in foreign currency, balance sheet adjustment, balance sheet amendment, fast close, digitization in accounting.
• Basics of annual financial statements, legal and valuation regulations, inventory preparation and implementation.

Year-end postings

• Balance fixed and current assets, determine depreciation, advance payments made.
• Liabilities: interest-bearing and non-interest-bearing liabilities, advance payments received.
• Leasing.
• Deferred taxes.
• Prepaid expenses and deferred charges: ARAP, discount, PRAP.
• Provisions: Additions, reversals, utilization, discounting, lump-sum method, statement of changes in provisions.
• Pension provisions.
• Special tax features: Transfer of hidden reserves in accordance with Section 6b EStG, investment deduction, reserve for replacement purchases, subsidy reserve.
• Valuation units: Principles, special features and effects on the balance sheet and income statement.

Management report, segment reporting, sustainability report

Cash flow statement

Investment valuation

Group accounting principles

Current changes in commercial and tax law