Preparing a set of accounts for Accountants 2024
Available from
20 May, 2024
CPD
3
Course Category:
Financial Reporting
Level:
Moderate
To aid attendees in the preparation of precise sets of accounts. March 2024
Category: Financial Reporting
R 375 VAT Incl.
Product Information
What you will learn
By attending this webinar you will gain the following competencies:
- Gain an understanding of the important month-end and year-end procedures necessary in the preparation of financial statements.
- Gain an understanding of the step-by-step process to facilitate efficient preparation of financial statements.
- Implement best practices and tips for improving the month-end and year-end closing process, including the importance of communication, teamwork, and documentation in own practice.
- Gain an awareness of the common challengers in preparing financial statements and how to mitigate them.
- Gain an understanding of how to determine what disclosures need to be on the financial statements.
Description
Achieving financial stability, maximising efficiency, and enhancing profitability are fundamental objectives pursued by companies across the industry. In this webinar, we explore diverse methodologies and systems designed to optimize both cost-effectiveness and time management for practicing Bookkeepers or Accountants.
Price
The following pricing apply:
Adhoc: R375.00
Subscription: Included for free in Bookkeeper.
Content:
The webinar will cover the following topics:
- Setting a year-end procedures checklist.
- The Importance of understanding the applicable financial reporting framework.
- Determining the users of financial statements and the concept of materiality.
- Application of materiality in financial reporting
- Assessing materiality
- Accuracy in financial reporting and the cost-benefit principle.
- Reconciliation of beginning balances.
- Review of applicable accounting policies.
- Important month-end and year-end procedures
- Bank reconciliation
- Reviewing inventories and making inventory adjustments
- Payables reconciliation
- Receivables reconciliation
- Reviewing the Fixed Asset Register and making necessary adjustments
- Depreciation computation and making depreciation journals
- Adjustment entries for accruals and deferrals.
- Current and deferred taxation computation and taxation journals.
- Financial statements drafting journals.
- Preparing financial statements and disclosures
- Reconciling Financial Statements and the general ledger
Certificate
The following CPD is awarded 3 Units Financial Reporting.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Bekithemba Ndebele ACCA
Bekithemba Ndebele is an Associate of the Chartered Certified Accountants (ACCA). He completed his articles with PNA Chartered Accountants in 2015 after which he worked in the private sector as Group Finance Manager at Shearwater Adventures (Pvt) Ltd until December 2020.
Bekithemba is currently a managing partner at Zuva Financial Services (Pty) Ltd where he is responsible for tax advisory, assurance, business valuations, accounting, and business mentorship and acceleration.
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