Accounting compact

Introduction to Accounting or Review 

Key Issues: Capitalization, Provisions, and AI

• Intangible Assets: Capitalization Practice.
• Recognition of Gains and Recognition of Receivables.
• Provisions: Current Case Law and Developments.
• Common issues related to selected balance sheet items (e.g., inventory, other assets).
• AI as an accounting item.

Accounting Practices: Strategically Utilizing Recognition Options .

Assessment Questions: Regarding AK/HK and Follow-up Assessment

• Acquisition and Production Costs: Specific Issues.
• Scheduled / Unscheduled Depreciation.
• Valuation of Provisions: Price Increases, Discounting, Valuation Criteria.
• Distinction Between Production Costs and Maintenance Expenses.
• Currency Conversion at a Glance.
• Evaluation of AI Systems.

Accounting Practices: Taking Advantage of Valuation Discretion.

Current Regulatory Environment and Disclosure

• Current developments, such as in sustainability reporting.
• The Impact of Crisis Situations on Financial Reporting.
• Changes to Disclosure and Publicity Requirements, Exemptions.

Accounting Practices: What accounting options are available, and when should they be used strategically?

Commercial Financial Statements vs. Tax Financial Statements: Focus on Deferred Taxes

• Deferred Taxes: Fundamentals and Accrual.
• Systematic differences between the commercial balance sheet and the tax balance sheet (recognition, valuation, presentation).
• Deferred Tax Liabilities: An In-Depth Analysis with Practical Examples.

The Use of AI in Accounting: Automating Routine Tasks 

• AI-supported process organization
  (e.g., account assignment, invoice processing).
• Self-Learning Systems: Pattern Recognition and Posting Suggestions.
• Freeing up skilled workers to focus on more complex, analytical tasks.

Accounting Practices: AI as a Driver of Efficiency in Process Organization. Opportunities, Limitations, Verifiability, and Responsibility.

Outlook and Time for Individual Questions

• Trends in Financial Reporting.
• Sustainability reporting, digitalization, expected amendments to the German Commercial Code (HGB).
• Review and summary of the key accounting policies.
• What impact does the use of AI have on your accounting processes?
• Specific questions or in-depth discussion of desired topics.