Accounting for non-accountants (C2002)

None.

• Get familiar with the accounting vocabulary and the legal and regulatory background.
• Understand the accounting mechanisms.
• Comprehend the logic links between the main documents: balance sheet, profit and loss accounts, accounting journals, account balance, etc.
• Discover the accounting principles.
• Understand the logic of amortisation, accounting provisions and booking value.
• Acquire notions to assess balance sheets.
• Read financial statements: balance sheet, profit and loss and notes to the accounts.

• The participants discover the use of accounting through very simple every-day life examples. This course is focused on the assets and liabilities, and the understanding of the origins of the financing and the use thereof.
• A more in-depth analysis of the balance sheet's assets and liabilities is proposed.
• This course focuses on the accounting operations and their impact on the presentation of the financial information.
• This session explores the definition of the accounts: the "T account" approach and the link between the balance sheet and the profit and loss.
• The candidates learn about the accounting journal and its use through the booking of the different operations.
• This lesson is centered on the concept of amortization: origins, use and the way it is booked (both in the balance sheet and the profit and loss).
• This course is centered on the accruals: origins, types, use and the way it is booked (both in the balance sheet and the profit and loss).
• The lesson is dedicated to the general accounting principles that are applied in the Luxembourgish accounting environment, and their practical aspects.
• Through this session, the participants will learn how to read financial statements. The different parts will be explained and the focus will be the understanding of the document as a whole.
• The last lesson proposes a recap of all the concepts studied during the course and focuses on the links between the booking of operations to the financial statements.