Course : Understanding accounts payable
Practical course - 2d
- 14h00 - Ref. FOU
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 | Review the main accounting entries relating to transactions with suppliers |
| Post transactions in relation to services, fixed assets and purchase of goods. |
| Understand the different methods of settlement and learn how VAT is calculated. |
| Carry out accounting operations and adjustment entries in relation to transactions with suppliers |
Course schedule
1 Basic accounting principles
- The Standard Accounting System of the company.
- Presentation of the balance sheet and the profit and loss account: focus on accounts payable and charges.
- Accounting chaining: log books; ledger; balance.
- Importance of supporting documents: supplier invoices.
- Related accounts, supplier adjustments.
Hands-on work
Case study Familiarize yourself with the accounts of the supplier’s Standard Accounting System. Put together the accounting documents (logs, balances, etc.).
2 Accounts payable entries
- Reminder of the accounting mechanisms giving rise to accounts payable.
- Sub-ledger accounting: creation, analysis and monitoring of accounts payable.
- Principles of VAT. Deductible or recoverable on debits and receipts. VAT in France, in the EU and abroad.
- Procurement activities. Fixed assets and charges.
- Accounting for services, fixed assets and purchase of goods. Invoices, credit notes.
- Specific characteristics of purchases abroad. Rebates, allowances and discounts received. Holdback, review of prices.
- Cash. Report and accounting. Payment methods. Discounts received. Exchange-rate differences.
- Impact of economic modernization regulations on supplier payments.
Hands-on work
Case study Calculation of monthly VAT on debits and receipts. Entry of receipts, invoices, credit notes and discounts. Recording of settlements, outcome of supplier debts.
3 Accounting operations and adjustment entries
- Report and accounting. Invoices and credit notes to be received.
- Prepaid expenses. Translation variations.
- Provisions for risks and charges relating to suppliers.
- Tax statements impacted by the accounts payable.
Hands-on work
Case study Adjustment of charge surpluses or shortfalls via the closure exercise.
4 Work relating to consistency in accounting
- Clearance and analysis of accounts payable.
- Accounting revision process to ensure that the accounting balances fully reflect reality.
Hands-on work
Case study Identify and resolve clearing tasks.
Customer reviews
4,5 / 5
Customer reviews are based on end-of-course evaluations. The score is calculated from all evaluations within the past year. Only reviews with a textual comment are displayed.
TOULLEC DORIG L.
15/06/26
4 / 5
The course and the trainer are of a high standard, but the subject remains complex. Accountancy is not the easiest subject to get to grips with.
NOELLE A.
15/06/26
5 / 5
An interesting course, and a very engaging trainer.
ISABELLE P.
30/03/26
5 / 5
A very good, fairly intensive training course. An extra day would be welcome. Catherine is a very friendly and excellent trainer.
Publication date : 01/18/2024
PARTICIPANTS
PREREQUISITES
TRAINER QUALIFICATIONS
The experts leading the training are specialists in the covered subjects. They have been approved by our instructional teams for both their professional knowledge and their teaching ability, for each course they teach. They have at least five to ten years of experience in their field and hold (or have held) decision-making positions in companies.
ASSESSMENT TERMS
The trainer evaluates each participant’s academic progress throughout the training using multiple choice, scenarios, hands-on work and more.
Participants also complete a placement test before and after the course to measure the skills they’ve developed.
TERMS AND DEADLINES
Registration must be completed 24 hours before the start of the training.
ACCESSIBILITY FOR PEOPLE WITH DISABILITIES
Do you need special accessibility accommodations? Contact Mrs. Fosse, Disability Manager, at psh-accueil@orsys.fr to review your request and its feasibility.
PREREQUISITES
TRAINER QUALIFICATIONS
The experts leading the training are specialists in the covered subjects. They have been approved by our instructional teams for both their professional knowledge and their teaching ability, for each course they teach. They have at least five to ten years of experience in their field and hold (or have held) decision-making positions in companies.
ASSESSMENT TERMS
The trainer evaluates each participant’s academic progress throughout the training using multiple choice, scenarios, hands-on work and more.
Participants also complete a placement test before and after the course to measure the skills they’ve developed.
TEACHING AIDS AND TECHNICAL RESOURCES
• The main teaching aids and instructional methods used in the training are audiovisual aids, documentation and course material, hands-on application exercises and corrected exercises for practical training courses, case studies and coverage of real cases for training seminars.
• At the end of each course or seminar, ORSYS provides participants with a course evaluation questionnaire that is analysed by our instructional teams.
• A check-in sheet for each half-day of attendance is provided at the end of the training, along with a course completion certificate if the trainee attended the entire session.
• The main teaching aids and instructional methods used in the training are audiovisual aids, documentation and course material, hands-on application exercises and corrected exercises for practical training courses, case studies and coverage of real cases for training seminars.
• At the end of each course or seminar, ORSYS provides participants with a course evaluation questionnaire that is analysed by our instructional teams.
• A check-in sheet for each half-day of attendance is provided at the end of the training, along with a course completion certificate if the trainee attended the entire session.
TERMS AND DEADLINES
Registration must be completed 24 hours before the start of the training.
ACCESSIBILITY FOR PEOPLE WITH DISABILITIES
Do you need special accessibility accommodations? Contact Mrs. Fosse, Disability Manager, at psh-accueil@orsys.fr to review your request and its feasibility.
This programme is an original creation, developed by the teaching teams at ORSYS Formation. Any reproduction, representation, adaptation or use, in whole or in part, without the prior written authorisation of ORSYS, is strictly prohibited. ORSYS reserves the right to take any action necessary to protect its intellectual property rights.
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This programme is an original creation, developed by the teaching teams at ORSYS Formation. Any reproduction, representation, adaptation or use, in whole or in part, without the prior written authorisation of ORSYS, is strictly prohibited. ORSYS reserves the right to take any action necessary to protect its intellectual property rights.