Advanced knowledge of bookkeeping and accounting

Practice bookings

• Receivables, advances, creditors, procurement/distribution costs, returns, credit notes, cash discounts, rebates, intra-Community acquisitions/deliveries, personnel postings, fixed assets, purchases, trade-ins, sales at a profit or loss, goodwill, collective items, derecognition of accounts receivable with individual and lump-sum value adjustments, receipt of receivables already written off, VAT corrections.

Annual financial statements (JA) with postings

• Important items, structure of the annual report, subsequent postings, transfer postings with posting lists, preparatory work for monthly and annual financial statements, statement of provisions, receivables statement and management.

Provisions

Accruals and deferrals

Multi-year bookings

Depreciation and amortization incl. GWG and investment deduction, pooling

Acquisition/production costs

Special cases

• e.g. reserves, land, leasing.

Treatment of sales tax

• Current legislative changes, VAT accounts, corrections, validation, advance return, summarization, input tax deduction.

Non-deductible operating expenses

Valuation rules

• AK, HK, valuation of withdrawals, deposits, accruals and deferrals, provisions, liabilities, (partial) depreciation and amortization, goodwill, compound items.
• Valuation of fixed and current assets.

Valuation principles according to commercial and tax law

• including valuation simplifications, intangible assets, hardware/software, prudence principle, lower of cost or market principle, imparity principle.

Valuation simplifications

• Fixed value, consumption sequence method, average valuation.

Current tax legislation and financial case law

Effects of the Corona tax aid laws on accounting

Changes to the HGB due to BilMoG and the corresponding effects

Recognition and calculation of deferred taxes

Quick reference e-balance sheet