Employees of AP, AR, GL departments in SSC/GBS.

The aim of the entire course is to guide participants from the basics of accounting and financial reporting, including terminology and accounting principles, to more advanced aspects such as practical skills in maintaining accounting records and making entries in general ledger accounts and subsidiary ledgers.

In an accessible and understandable way, the basic principles of accounting. Participants will learn the essence of accounting and bookkeeping as well as selected tax aspects using numerous examples/case studies.

The course will facilitate participants’ understanding of complex accounting issues so that they can be more self-reliant in the future in the areas of accounting in which they specialise.

1. Introduction to financial accounting:
a) The accounting policy and chart of accounts – selection and application of accounting principles.
b) introduction to terminology – invoice, original / copy / duplicate invoice, credit note, interest note, direct debit, due date, payment terms, order, goods receipt, paper invoice vs electronic invoice, incl. without an electronic signature, invoice in the form of a pdf document, cost / expense, service, goods, sales, VAT receivable/ liability, purchase settlement account
c) Rules and functioning of: balance sheet, profit and loss and off-balance sheet accounts.
d) General ledger and use of supporting/ auxiliary accounting ledgers.
(+ discussion on the sample balance sheet and profit and loss account)

2. The principles and techniques of bookkeeping – a discussion on the principle of double-entry.

3. Flow of accounting documents:
a) Discussion on the procedures related to the circulation and acceptance of accounting documents, including a discussion on the principles of authorization and explanation of any discrepancies (invoices with an order and invoices without purchase orders) – entries on purchase settlement account – GRIR (explaining differences and analysis of open positions),
b) Discussion on the necessary elements for the accounting documents for the introduction of the book (receipt, sorting, scanning, assignment, booking, authorization, payment etc.),
c) Reading the accounting documents and purchase orders with understanding,
d) Types of payments, including automatic payments vs manual payments (urgent).

4. Overview of the rules and schemes of bookings for specific cases of purchase transactions [AP]:
a) Discussion of the rules for the functioning of the purchasing technical account GIRI,
b) Discussion of the 3-way matching process (order / invoice / payment),
c) PO – purchase orders,
d) Liabilities calculated in the form of cost reserves – deliveries not invoiced,
e) Liabilities due to invoices without receipt of delivery.
(+ example postings at individual stages of the purchasing process and matching documents in this process)

5. Circulation of accounting documents [AR]:
a) Posting a sales invoice,
b) Recording the payment for the invoice – partial and full payment received.

6. Specific topics:
a) Open positions of settlements, including customer credit and debit balances of suppliers – discussion of the existence and effects on the books of accounts,
b) Presentation of basic bookings in the general ledger (which are not entered by AP or AR: reserves, prepayments, accruals and interest booking – with discussion of the impact on the balance sheet and profit and loss account – month / period closing process),
c) Analysis of open positions in the AR and AP book,
d) Settlement of business trips of employees – documents and accounting rules,
e) The process of auditing the books of accounts – goals, participants, commitment and responsibility of the accounting, the most frequently used documents relating to liabilities and receivables in the audit process. (+ discussion with an example accounting workshop).

*Programme protected by copyright. All rights reserved. Copying, reproduction and use of part or all of the information, programmes contained in the ADN Academy’s offer in electronic or other form without the author’s permission is prohibited.

• In Polish version »

• As a closed training, exclusively for employees of your organisation or centre.