Employees of AP, AR, GL areas employed in GBS/BPO.

1. Revenues and trade rebates:
a) Recognition of sales revenues (goods and services) including discussion of pro-forma invoices.
b) Discussion on revenue recognition rules (including transfer of risks and rewards related to ownership and including incoterms) and allocation of sales to appropriate periods.
c) Granted trade rebates – adjusting revenues. Discussion of calculation of adjustments and their booking schemes.

2. Receivable write-offs (impairment of receivables):
a) Reasons for recognition of receivable write-offs.
b) Principles of creating and accounting for receivable write-offs.
c) Tools used to calculate receivable write-offs:
• Detailed analysis of individual balances.
• Analysis of system reports – receivables aging reports.

3. Specific topics related to trade receivables and liabilities:
a) Receivable write-offs on pending customers claims – accounting for own credit notes / customers’ debit notes. Discussion on procedure of explaining claims and introducing postings depending on the results of the examination of claims.
b) The process of reconciliation of subsidiary ledgers with the general ledger.
c) Accounting for intercompany transactions.
d) The process of reconciliation and explanation of the balances with contractors – discussion on the situation acceptable (explained) differences.
e) Offsetting receivables with liabilities (the case contractor).

4. Realized and unrealized forex differences:
a) The accounting treatment of realized and unrealized exchange rate differences.
b) Valuation of transactions expressed in foreign currencies in the accounting books.
c) Valuation of assets and liabilities expressed in foreign currencies as at the balance sheet date.
d) Foreign receivables write-offs.

5. Oper ar accounts – including debtors’ credit accounts and creditors’ debit accounts – discussion on the existence of such situations and their impact on the accounting ledger.

6. Analysis of open accounts in the ar ledger.

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• In Polish version.

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