Accounts receivable and accounts payable II

Valuation of receivables and liabilities

• Calculating and posting individual and general value adjustments, recognizing losses on receivables, taking into account the causation principle.
• Valuation of foreign currency receivables and liabilities during the year and on the balance sheet date.

Value added tax: current and special cases

• Special features of the exchange of goods and services with EU and non-EU countries, proof of exports to EU and non-EU countries as an important part of bookkeeping, details of the entry certificate, recapitulative statement, changes due to the Growth Opportunities Act.
• Reverse charge procedure according to § 13b UStG.
• Correction of incorrect invoices, remedy in case of denial of input tax deduction.
• Important information on electronic invoices.
• Series and triangular transactions and their legal changes.
• Organschaft.
• Avoidance of tax audit risks.

Accounts receivable and accounts payable management as part of the quality and risk management system

• Importance of accounts receivable and accounts payable management, liquidity management.
• Process organization - recognition and reduction of "typical" booking problems and methods for process optimization.
• Avoidance of tax risks.
• Requirements of the tax authorities for digitization and archiving ("GoBD 2020") of electronic documents.

Preparation of annual financial statements

• Inventory and identification.
• Accruals and deferrals.
• Debit items for creditors, credit items for debtors.
• Notes on the preparation of the annual financial statements.
• Valuation of receivables and liabilities, statute of limitations.
• Key figures for analyzing debtors and creditors.