General Accounting Programme

General Accounting develops, in a practical and clear way, the necessary techniques to help you to, immediately, record and control financial resources of your business, then prepare its financial statements. Adapted to the Nuevo Plan General Contable.

Balance sheet.

• Concepts and structure in the General Accounting Plan.
• Criteria for ordering by equity.

Profit and loss account.

• Concept and structure in the General Accounting Plan.
• Types of profit or loss.
• Stock variance.

Accounting cycle.

• The account and bookkeeping entries. Record of main accounting operations.
• Input and output VAT accounting.
• The accounting cycle: opening and closing the economic year.
• Consolidating the balance sheet and the profit and loss account.
• Composing the trial balance sheet.

Accounting adjustments.

• Amortisation. Calculating quotas according to fiscal and economic criteria.
• Accounting for depreciation quotas and depreciable expenses.
• Timing adjustments.
• Distribution of profits.
• Compensation of losses.

General Accounting Plan.

• Exhaustive and practical study of each account group.
• Accounting for and codifying the main operations.
• Constitution of an incorporated company.
• Treatment of equity: unallocated profits and payment of the interim dividend.
• Concept and accounting for income to be distributed over various accounting periods.
• Types of leasing and accounting for them.
• The formal circuit of the purchase and the sale: dealing with discounts and bonuses. Volume discounts in purchases and sales.
• Methods of stock evaluation: FIFO, LIFO and weighted average.
• Accounting for current contingent liability for discounted bills.
• Pay-check accountancy, social security contributions and personal income tax withholdings. Periodical adjustment for bonuses.
• Concept and types of provision: provision for insolvencies, provision for depreciation of stocks on inventory and provision for future risks.
• Dealing with exchange differences.
• The importance of bank reconciliation.
• The cash count.

Selection and implementation of a computerised system in company accounts.

Practical exercises.