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Description

Year-End Closing Entries: Depreciation, Provisions and Accruals

Post the closing entries that give the balance sheet a true and fair view at year end

  • 2 days — 14 h
  • In-person or virtual
  • Foundation
  • Up to 6 participants

Accounts closed without proper year-end work present a distorted picture. Costs relating to the following period remain recorded, doubtful receivables sit at their nominal value and fixed assets are not depreciated correctly. The reviewing accountant then returns a long list of corrections at the very last moment.

A short format dedicated solely to closing operations. You calculate and record depreciation. You assess impairment losses and provisions. You handle inventory and cut-off adjustments, right through from the pre-closing trial balance to the annual financial statements.

Learning objectives

  • Calculate and record depreciation of fixed assets
  • Assess impairment of receivables and inventory
  • Recognise and reverse a provision for risks
  • Record prepaid expenses and deferred income
  • Move from the pre-closing trial balance to the annual financial statements

What makes this programme different

A complete closing file is worked through, from provisional trial balance to annual financial statements
Every entry is supported by a year-end working paper to be produced
A review file template is provided and used throughout the session

Programme

1Depreciation and Fixed Assets

Recognising the consumption of asset value

  • Distinguish between a capitalised asset and an expense of the period
  • Select the useful life and depreciation method
  • Calculate the depreciation charge for the period
  • Handle disposals and write-offs

2Impairment and Provisions

Anticipating probable losses

  • Assess whether a receivable is doubtful
  • Record an impairment loss and its subsequent reversal
  • Distinguish a provision for risks from an accrued liability
  • Support the measurement adopted in the working file

3Cut-Off Adjustments and Closing the Accounts

Allocating each transaction to the correct period

  • Record prepaid expenses and deferred income
  • Handle goods received not invoiced and revenue to be billed
  • Record the movement in inventory
  • Produce the final trial balance and the annual financial statements

Who is it for

Accounting assistants, practice associates and sole accountants who take part in the annual closing process.

Prerequisites

Ability to record routine purchase, sales and cash transactions.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.