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p24 anglais

NEW – Preparing the financial statements : The year-end closing process

le 18 février 2019

NEW – Available in English

P24 - Preparing the financial statements : The year-end closing process

1 module
Niveau initiation

 LEARNING OBJECTIVES

  • Know the eight classes and the codification used in the French PCG
  • Understand what is meant by the “summary documents” making up the financial statements and their model formats
  • Know the different balance sheet accounts and management operating accounts
  • Know how to account for the balance sheet accounts and management operating accounts

SEE THE TEASER

Teaser

DOWNLOAD THE DESCRIPTION SHEET

« All companies record their day-to-day accounting transactions gradually throughout the financial year, on the day they take place. These day-to-day transactions are then summarised in the trial balance. At the year end, the company must present summary documents relating to the year that has just ended (namely balance sheet, income statement and notes to the accounts). However, these summary documents are not created solely from the trial balance. At the year end, the accountant* needs to ensure that the account balances that will be used to prepare the balance sheet truthfully represent the underlying transactions and accurately reflect the company’s net worth at the end of the period.»

*The word accountant is used here in the broad sense: it refers to any person responsible for preparing the summary documents (independent chartered accountant, the company’s chief accountant, etc.).

Franck NICOLAS – The author

Chapters 

check 3The summary documents and the PCG

check 3Balance sheet accounts

check 3 Management operating accounts

Marie TRAN

NEW – Preparing the financial statements : The year-end closing process