Course “Fundamentals of accounting in accordance with the requirements of IFRS”. Total amount of training: 192 acad. hours, of which 172 acad. hours of classroom and practical work and 20 acad. hours of independent work
Teaching methodology
The training consists of lectures that are held online in ZOOM. For the demonstration of the practical work are used video materials.
Educational materials. Course “Fundamentals of accounting in accordance with the requirements of IFRS”
Each student receives learning materials in PDF Format. The student receives the learning materials after paying for the tuition and crediting the payment to the current account of the education centre. After receiving the payment, the education centre provides the student with access to the personal account. The student’s learning materials are located in the personal account. Video materials are sent in the appropriate video format.
The cost of training materials is included in the course price.
Learning outcomes
At the time of completion of accounting courses, the student:
– knows the basic requirements of IFRS for the formation and reflection of business transactions in accounting;
– is able to draw up primary documents in accordance with the requirements of IFRS;
– understands the basics of accounting;
– keeps records of transactions and performs basic monthly calculations: inventory, accounting, cost calculation of goods and services, calculation of depreciation, calculation of wages and other payments;
– prepares the main reports: balance sheet, profit statement, cash flow statement;
– analyzes financial statements.
Course program. Course “Fundamentals of accounting in accordance with the requirements of IFRS” online
1. Goals and objectives of accounting in accordance with European financial reporting standards. Basic definitions and accounting methods (8 acad. hours)
1.1 Development of a chart of accounts, in accordance with the terms of International Financial Reporting Standards
1.2. Chart of accounts system
1.3. Chart of accounts structure
1.4. Active and passive accounts
1.5. The concept of debit and credit
1.6. Synthetic and analytical accounts
1.7. Balance sheet and off-balance sheet accounts
1.8. The concept of a sub-account
2. Primary document. Accounting registers (4 acad. hours)
3. Accounting of business transactions in accordance with the requirements of IFRS 8 acad. hours
3.1. Accounting of settlements with customers and income from the sale
3.2. Accounting for accounts payable and activity costs
4. Accounting of expenses and incomes (8 acad. hours)
4.1. Classification of expenses and incomes
4.2. Formation of a financial result
4.3. Analysis of the financial result
4.4. Cost optimization
5. Accounting of real estate. Monetary assets (8 acad. hours)
5.1. Money and monetary documents
5.2. Accounting of cash transactions
5.3. Accounting of funds on the current account of the enterprise. Payments by bank cards
6. Accounting of current property. Reserves (12 acad. hours)
6.1. Types of stocks
6.2. Accounting for the cost of acquisition
6.3. Methods for estimating released reserves
6.4. Features of accounting for goods in wholesale and retail trade
6.5. Calculation of the cost of finished products and cost accounting in production
6.6. Inventory of stocks
7. Accounting of settlements with employees on issued economic advances (8 acad. hours)
7.1. Conditions for issuing accountable amounts
7.2. Accounting of settlements with the employee on money advances
7.3. Accounting for travel and other expenses
8. Accounting of major equipment (8 acad. hours)
8.1. Tangible fixed assets
8.2 Intangible fixed assets
8.3. Investments in real estate – 4 depreciation methods
9. Accounting of loans and leasing (8 acad. hours)
9.1. Capital lease accounting
9.2. Accounting of use leases
10. Practical work “Organization of accounting of the enterprise” 1 part (20 acad. hours)
11. Taxation of purchase and sale transactions in the EU (12 acad. hours)
11.1. Taxable transactions in the EU
11.2. Registration as taxable in the EU
11.3. The concept of “limit on the amount of taxable turnover”
11.4. Domestic purchase and sale transactions in the EU
11.5. Intra-Union- purchase and sale transactions and their declaration in the EU
11.6. Transactions with non-EU countries
12. Taxation of income of legal entities in the EU (8 acad. hours)
12.1. Taxation of income of a legal entity persons of a non-resident
12.2. Accounting and tax accounting
12.3. Special cases of taxation
13. Labor relations and wages (12 acad. hours)
13.1. Registration of labor relations with a resident of the employer’s country
13.2. Registration of labor relations with a resident of another EU country
14. Taxation of personal income in the EU (8 acad. hours)
14.1. Taxation of a resident individual
14.2. Taxation of a non-resident individual
14.3. Accounting and tax accounting
14.4. Pension and social insurance in the EU
15. Equity accounting (8 acad. hours)
15.1. Change of the authorized capital
15.2. Shares and securities
15.3. Dividends
16. Practical work “Organization of accounting of the enterprise” (20 acad. hours)
17. Annual report (12 acad. hours)
17.1. General principles of preparation of the annual report in accordance with IFRS requirements for reporting in the annual report
17.2. Annexes to the annual report
17.3. Balance sheet and reporting scheme
