1

Understanding the institutional framework around accounting

• Translating the activities, transactions and business flows of the company into figures.
• Understanding the company’s place in the overall economic cycle.
• Understanding the company’s economic cycles: operating, investment and financing cycles.
• Understanding accounting issues: a legal and fiscal requirement and an essential management tool.
• Distinguishing between financial accounting and cost accounting.

2

Understanding accounting regulations

• Finding out about the sources of accounting law: national and international sources, Commercial Code and Tax Code.
• Understanding accounting standards: definitions, principles, contents, stakeholders, timetables, etc.
• Learning about accounting principles.
• Learning about the accounting documents: the balance sheet, the profit and loss account and the notes.

3

Understanding the company's balance sheet

• Moving from an asset-based perspective to the company’s balance sheet.
• Understanding the various entries in the balance sheet: fixed and current assets.
• Understanding the various entries in the balance sheet in relation to liabilities: equity, provisions for risks and char
• Understanding the financial cycle and the operating cycle.
• Understanding the various movements within the balance sheet.
• Understanding the presentation of a balance sheet. Knowing how to read it and use it.

4

Translating the company’s business activities into the profit and loss account

• Understanding the concept of the financial year period and divisions.
• Distinguishing the main types of expenditure and revenue: operating, financial and extraordinary.
• Understanding the presentation of a profit and loss account. Knowing how to read it and use it.
• Identifying the connection between the two main accounting statements: the profit and loss account and the balance sheet

5

Identifying the main accounting concepts

• Understanding the role and the value of the National Accounting Code.
• Understanding how the National Accounting Code is structured: management accounts and balance sheet accounts, accounting
• Understanding the main rules for accounting codification and accounting function.
• Understanding the principle of double-entry accounting: the concepts of debit and credit.

6

Understanding how the accounting treatment of information is organized

• Understanding the importance of collecting supporting documents/receipts.
• Knowing how to encode and record the documents/receipts with the help of the general accounting system.
• Arranging the classification of supporting accounting documents (invoices, statements, etc.).
• Understanding the timescales for keeping accounting records.
• Understanding the role of the documents in the accounting chain: log-book, ledger, balance.
• Carrying out checks on the various accounting statements at the end of period.

7

Recording the main current entries

• Posting purchases and sales in the appropriate logs, posting trade discounts.
• Knowing how to record and administer VAT: scope of application, VAT on receipts and VAT on debits.
• Recording cash and banking transactions.
• Checking and justifying the accounts: classification and bank reconciliation.

8

Drawing up a summary case

• Recording various current transactions.
• Establishment of the ledger.
• Production of the pre-inventory balance.
• Constructing a profit and loss account.
• Constructing a trial balance-sheet