Employees working in P2P & O2C departments.

Trained employees gain an understanding of the processes in P2P & O2C departments and the overall functioning of the corporation. The training is supported by workshops, so that employees become prepared for changes within accounting structures, including changes in the departments in which they work.

1. Introduction

2. Legal basis of accounting in the world
a. US GAAP
b. IFRS (International Financial Reporting Standards)
c. Local balance sheet law

3. General scope of the P2P process
a. Demand
b. Collection and selection of the offer
c. Order
d. Delivery
e. Receipt of invoice
f. Invoice in the books
g. Payment

4. Purchases – documenting purchase transactions:
a. the Accounting Act and the VAT Act in the scope of documenting the purchase
b. proforma invoice, VAT invoice, correction invoice, credit and debit notes
c. receiving purchase documents, including electronic document flow
d. Automate the invoicing process – Electronic Data Interchange
e. National e-Invoicing System (KSEF)

5. Include A/P invoices in accounting books
a. Cost invoices, including accruals
b. Recognition of costs by type
c. Recognition of costs according to the location of costs,
d. Invoices for the purchase of fixed assets and intangible assets
e. Purchase of materials and goods
f. Account analysis Settlement purchases – non-invoiced deliveries or goods in transit
g. Reflect the accounts related to the purchase process in the financial statements

6. Accounts Payable – liabilities
a. definition of liabilities and their measurement under balance sheet law, with particular emphasis on US GAAP
b. Payment methods
c. Payment process
d. Recognition of payments in the accounts
e. Interest on liabilities

7. Provisions and accruals
a. the principle of commensurability of revenues and costs
b. cut-off test at the balance sheet date
c. Cost completeness analysis
d. creation, use and release of provisions
e. Disclosures in the financial statements

8. Financial Statements – the impact of P2P on the data contained in the financial statements
a. sample financial statements according to US GAAP (CBRE Form 10K)
b. discussion of the structure of the balance sheet and the profit and loss account
c. impact of recognition of purchase invoices on the shape of the financial statements
d. Commitment turnover ratio
e. settlement of exchange differences – payments in foreign currencies

9. Discussion and conclusion

• In Polish version.

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