Financial Statement (HGB) Premium
With this course you can prepare annual financial statements for any company in accordance with German accounting law (HGB). The focus is on all components of the annual financial statements, i.e. the balance sheet, the income statement, the cash flow statement for capital market-oriented companies, the notes and the management report. The knowledge is conveyed through the following learning media:
• Videos that simulate face-to-face teaching
• Slides/scripts for the videos
• Web-based training with detailed solution explanations
We support you with tutoring during the course.
Contents:
Basics:
Relationship between commercial and tax annual financial statements, components of the financial statements, sources of success in the income statement, “profit, equity and cash impact” of different business transactions, total and cost of sales methods, cash flow statement, determination of acquisition and production costs, scheduled depreciation, GoB, separation of legal and economic Property.
Intangible assets:
Approach, entry and follow-up assessment.
Tangible assets:
Initial and subsequent valuation, in particular scheduled and unscheduled depreciation, reversal of value, identification.
Financial investments:
Initial and subsequent valuation, in particular unscheduled depreciation, reversal of value, identification.
Current assets:
Valuation of RHB materials, valuation simplification procedures as well as valuation of FE/UFE at production costs, unscheduled depreciation, valuation of receivables.
Debts:
Recognition and valuation of liabilities, recognition and valuation of provisions, in particular discounting issues.
Equity capital:
For partnerships and corporations, in particular a detailed breakdown of equity items.
Special accounting problems:
Foreign currency transactions, deferred taxes including deferred tax assets for tax loss carryforwards.
Your Accounting-Team
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