Property, Plant & Equipment (PPE)

• Complete the Fixed Asset Register.
• Calculate depreciation and determine the profit/loss on the sale of fixed assets.
• Process the final closing journals for PPE.
• Ensure that the lead sheet agrees with the Fixed Asset Register.

Investment Property

• Use the valuation report from the property expert to process the revaluation journal.
• Ensure the lead sheet agrees with the Investment Property working paper.

Investments

• Calculate the profit/loss on the sale of investments.
• Perform a year-end revaluation of investments.
• Process the final closing journals.
• Ensure that the lead sheet agrees with the Investment working paper.
  
  

Inventory

• Process closing stock journals based on stock-taking records.
• Ensure that the lead sheet agrees with the Inventory working papers.
  

Accounts Payables (Creditors)

• Agree outstanding balances on the creditors’ age analysis against the creditors’ statements.
• Perform creditor reconciliations for discrepancies.
• Complete the final reconciliation of foreign creditors, including re-valuation using spot rates at year-end.
• Process the final closing journals.
• Ensure that the lead sheet agrees with the Creditors’ working papers.
  
  

Provisions

• Process the final journal entries for provisions.
• Ensure the lead sheet agrees with the working papers.
  

Accounts Receivables (Debtors)

• Calculate the estimate for doubtful debt provisions.
• Process the final closing journal entries.
• Ensure the lead sheet agrees with the working papers.

Long-Term Liabilities

• Calculate finance charges for instalment sales agreements and bonds.
• Determine the short-term portion of liabilities.
• Process the final closing journals.
• Ensure the lead sheet agrees with the working papers.
  
  

VAT Implications

• Throughout the course, VAT implications for various transactions will be discussed and applied to the relevant sections.

Submission & Feedback Process

• Delegates must submit all working papers to the facilitators after completing each section.
• Facilitators will review the working papers and provide feedback.
• Working papers must be resubmitted until signed off by the facilitator.
• Facilitators will provide final feedback at the end of the course on each delegate’s progress.
  
  

First year accounting staff

Software & Technology

• All delegates must have access to an accounting software package, such as CaseWare or Draftworx.
• Microsoft Excel and Word will be used throughout the course.
• Delegates must have Wi-Fi access for submitting working papers electronically.

Stationery & Documentation

• Delegates must bring sufficient note paper, pens, and highlighters.
• All notes taken during the course must be submitted to both the facilitators and their training officer at the end of the course.
• These notes will form part of the Portfolio of Evidence, required for final course sign-off.