{"id":6246,"date":"2019-02-19T09:39:27","date_gmt":"2019-02-19T08:39:27","guid":{"rendered":"https:\/\/actiononline.fr\/?p=6246\/"},"modified":"2019-06-07T17:21:16","modified_gmt":"2019-06-07T15:21:16","slug":"new-preparing-the-financial-statements-the-year-end-closing-process","status":"publish","type":"post","link":"https:\/\/actiononline.fr\/en\/blog\/our-latest-news\/new-preparing-the-financial-statements-the-year-end-closing-process\/","title":{"rendered":"<h2>NEW \u2013 Preparing the financial statements : The year-end closing process<\/h2>"},"content":{"rendered":"<section class=\"section swatch-white  section-text-no-shadow section-inner-no-shadow section-normal section-opaque\"  data-label=\"\">\n    \n    <div class=\"background-overlay grid-overlay-0 \" style=\"background-color: rgba(0,0,0,0);\"><\/div>\n\n    <div class=\"container\">\n        <div class=\"row vertical-top\">\n            <div class=\"col-md-12     text-default small-screen-default\"  ><header class=\"text-center  element-short-top element-short-bottom not-condensed\" data-os-animation=\"none\" data-os-animation-delay=\"0s\" >\n    <h1 class=\"normal regular no-bordered-header bordered-normal\" >\n        <span style=\"color: #f9880b;\"><strong>NEW &#8211; Available in English <\/strong><\/span>    <\/h1>\n            <p class=\"lead\" >P24 - Preparing the financial statements : The year-end closing process <\/p>\n    <\/header>\n<\/div>        <\/div>\n    <\/div>\n<\/section><section class=\"section swatch-white  section-text-no-shadow section-inner-no-shadow section-normal section-opaque\"  data-label=\"\">\n    \n    <div class=\"background-overlay grid-overlay-0 \" style=\"background-color: rgba(0,0,0,0);\"><\/div>\n\n    <div class=\"container\">\n        <div class=\"row vertical-top\">\n            <div class=\"col-md-6 col-xs-6 col-sm-6 col-lg-6  text-right small-screen-right\"  ><div class=\"figure  element-short-top element-short-bottom image-filter-none image-filter-onhover fade-in text-center figcaption-middle normalwidth\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n            <span class=\"figure-image\">\n    \n    <img decoding=\"async\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/12\/4-modules-1-e1543847236524.png\" alt=\"1 module\" title=\"Nombre de modules\" class=\"normalwidth\" \/>    \n            <\/span>\n    \n<\/div><\/div><div class=\"col-md-6 col-xs-6 col-sm-6 col-lg-6  text-default small-screen-default\"  ><div class=\"figure  element-short-top element-short-bottom image-filter-none image-filter-onhover fade-in text-center figcaption-middle normalwidth\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n            <span class=\"figure-image\">\n    \n    <img decoding=\"async\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/12\/2H-1-e1543847245603.png\" alt=\"Niveau initiation\" title=\"Niveau du module\" class=\"normalwidth\" \/>    \n            <\/span>\n    \n<\/div><\/div>        <\/div>\n    <\/div>\n<\/section><section class=\"section swatch-white  section-text-no-shadow section-inner-no-shadow section-normal section-opaque\"  data-label=\"\">\n    \n    <div class=\"background-overlay grid-overlay-0 \" style=\"background-color: rgba(0,0,0,0);\"><\/div>\n\n    <div class=\"container\">\n        <div class=\"row vertical-top\">\n            <div class=\"col-md-12     text-left small-screen-left\"  style=\"background:#f1f1f1;\"><div class=\" element-short-top element-short-bottom\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n    <h2 style=\"color: #00968d; text-align: center;\">\u00a0LEARNING OBJECTIVES<\/h2>\n<ul>\n<li>Know the eight classes and the codification used in the French PCG<\/li>\n<li>Understand what is meant by the \u201csummary documents\u201d making up the financial statements and their model formats<\/li>\n<li>Know the different balance sheet accounts and management operating accounts<\/li>\n<li>Know how to account for the balance sheet accounts and management operating accounts<\/li>\n<\/ul>\n<\/div><\/div>        <\/div>\n    <\/div>\n<\/section><section class=\"section swatch-white  section-text-no-shadow section-inner-no-shadow section-normal section-opaque\"  data-label=\"\">\n    \n    <div class=\"background-overlay grid-overlay-0 \" style=\"background-color: rgba(0,0,0,0);\"><\/div>\n\n    <div class=\"container\">\n        <div class=\"row vertical-top\">\n            <div class=\"col-md-6     text-center small-screen-center\"  style=\"background:#f1f1f1;\"><header class=\"text-center  element-short-top element-no-bottom not-condensed\" data-os-animation=\"none\" data-os-animation-delay=\"0s\" >\n    <h3 class=\"normal regular no-bordered-header bordered-normal\" >\n        <span style=\"color: #00968d;\"><strong>SEE THE TEASER<\/strong><\/span>    <\/h3>\n    <\/header>\n<div class=\"figure  element-short-top element-short-bottom image-filter-none image-filter-onhover fade-in text-center figcaption-middle normalwidth\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n            <a href=\"https:\/\/youtu.be\/5DjPqSb--3I\" class=\"figure-image  image-all\" data-links=\"\" target=\"_blank\">\n    \n    <img decoding=\"async\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/11\/youtube150-e1542626950714.png\" alt=\"Teaser\" title=\"Voir le teaser\" class=\"normalwidth\" \/>    \n            <\/a>\n    \n<\/div><\/div><div class=\"col-md-6     text-center small-screen-center\"  style=\"background:#f1f1f1;\"><header class=\"text-center  element-short-top element-no-bottom not-condensed\" data-os-animation=\"none\" data-os-animation-delay=\"0s\" >\n    <h3 class=\"normal regular no-bordered-header bordered-normal\" >\n        <span style=\"color: #00968d;\"><strong>DOWNLOAD THE DESCRIPTION SHEET<\/strong><\/span>    <\/h3>\n    <\/header>\n<div class=\"figure  element-short-top element-short-bottom image-filter-none image-filter-onhover fade-in text-center figcaption-middle normalwidth\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n            <a href=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2019\/02\/P24EN-preparing-the-financial-statements.pdf\" class=\"figure-image  image-all\" data-links=\"\" target=\"_blank\">\n    \n    <img decoding=\"async\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/11\/documents.png\" alt=\"Fiche descriptive t\u00e9l\u00e9chargeable\" title=\"Fiche descriptive\" class=\"normalwidth\" \/>    \n            <\/a>\n    \n<\/div><\/div>        <\/div>\n    <\/div>\n<\/section><section class=\"section swatch-white  section-text-no-shadow section-inner-no-shadow section-normal section-opaque\"  data-label=\"\">\n    \n    <div class=\"background-overlay grid-overlay-0 \" style=\"background-color: rgba(0,0,0,0);\"><\/div>\n\n    <div class=\"container\">\n        <div class=\"row vertical-top\">\n            <div class=\"col-md-6     text-right small-screen-right\"  ><div class=\" element-short-top element-short-bottom\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n    <p><em>\u00ab\u00a0<\/em><em>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\u2019s net worth at the end of the period.\u00bb<\/em><\/p>\n<p><em>*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\u2019s chief accountant, etc.).<\/em><\/p>\n<p style=\"text-align: right;\"><strong>Franck NICOLAS &#8211;\u00a0<\/strong>The author<\/p>\n<\/div><\/div><div class=\"col-md-6     text-left small-screen-left\"  ><div class=\" element-short-top element-short-bottom\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n    <h3 style=\"text-align: left;\"><span style=\"color: #67a7f3;\"><strong>Chapters\u00a0<\/strong><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5143\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/07\/check-3.png\" alt=\"check 3\" width=\"25\" height=\"26\" \/>The summary documents and the PCG<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5143\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/07\/check-3.png\" alt=\"check 3\" width=\"25\" height=\"26\" \/>Balance sheet accounts<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5143\" src=\"https:\/\/actiononline.fr\/wp-content\/uploads\/2018\/07\/check-3.png\" alt=\"check 3\" width=\"25\" height=\"26\" \/>\u00a0Management operating accounts<\/p>\n<\/div><\/div>        <\/div>\n    <\/div>\n<\/section><section class=\"section swatch-white  section-text-no-shadow section-inner-no-shadow section-normal section-opaque\"  data-label=\"\">\n    \n    <div class=\"background-overlay grid-overlay-0 \" style=\"background-color: rgba(0,0,0,0);\"><\/div>\n\n    <div class=\"container\">\n        <div class=\"row vertical-top\">\n            <div class=\"col-md-12     text-right small-screen-default\"  >    <div class=\"element-short-top element-no-bottom\" data-os-animation=\"none\" data-os-animation-delay=\"0s\">\n                    <label>\n                Partagez cet article            <\/label>\n                <ul class=\"social-icons social-sm social-background social-circle \">\n                            <li>\n                    <a href=\"https:\/\/twitter.com\/share?url=https:\/\/actiononline.fr\/en\/blog\/our-latest-news\/new-preparing-the-financial-statements-the-year-end-closing-process\/\" target=\"_blank\"  style=\"background-color:#f9880b;\" data-iconcolor=\"#00aced\">\n                        <i class=\"fa fa-twitter\"><\/i>\n                    <\/a>\n                <\/li>\n                                        <li>\n                    <a href=\"https:\/\/plus.google.com\/share?url=https:\/\/actiononline.fr\/en\/blog\/our-latest-news\/new-preparing-the-financial-statements-the-year-end-closing-process\/&#038;images=https:\/\/actiononline.fr\/wp-content\/uploads\/2019\/02\/blog-visuel-1-e1550506039431-150x150.png\" target=\"_blank\"  style=\"background-color:#f9880b;\" data-iconcolor=\"#dd4b39\">\n                        <i class=\"fa fa-google-plus\"><\/i>\n                    <\/a>\n                <\/li>\n                                        <li>\n                    <a href=\"http:\/\/www.facebook.com\/sharer.php?u=https:\/\/actiononline.fr\/en\/blog\/our-latest-news\/new-preparing-the-financial-statements-the-year-end-closing-process\/\" target=\"_blank\"  style=\"background-color:#f9880b;\" data-iconcolor=\"#3b5998\">\n                        <i class=\"fa fa-facebook\"><\/i>\n                    <\/a>\n                <\/li>\n                                                    <li>\n                    <a href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=https:\/\/actiononline.fr\/en\/blog\/our-latest-news\/new-preparing-the-financial-statements-the-year-end-closing-process\/&#038;title=%3Ch2%3ENEW%20%E2%80%93%20Preparing%20the%20financial%20statements%20%3A%20The%20year-end%20closing%20process%3C%2Fh2%3E\" target=\"_blank\"  style=\"background-color:#f9880b;\" data-iconcolor=\"#007bb6\">\n                        <i class=\"fa fa-linkedin\"><\/i>\n                    <\/a>\n                <\/li>\n                    <\/ul>\n    <\/div><\/div>        <\/div>\n    <\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"NEW - Available in English P24 - Preparing the financial statements : The year-end closing process \u00a0LEARNING OBJECTIVES Know the eight classes and the codification used in the French PCG Understand what is meant by the \u201csummary documents\u201d making up the financial statements and their model formats Know the different balance sheet accounts and management","protected":false},"author":5,"featured_media":6251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-6246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NEW \u2013 Preparing the financial statements : The year-end closing process - Action On Line<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/actiononline.fr\/en\/blog\/our-latest-news\/new-preparing-the-financial-statements-the-year-end-closing-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEW \u2013 Preparing the financial statements : The year-end closing process - 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