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Description

Annual Accounts Closing: Organising, Processing and Securing Entries

Handle the accounting and tax issues of the first closing phase without leaving a single item unresolved

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

Year-end closing comes down to a handful of accounts where the difficulties concentrate: cut-off of income and expenses, inventory valuation, impairment, provisions and fixed assets. Every year the same points come back, dealt with under time pressure and documented after the fact, which weakens the company's position in the event of an audit or review.

This first two-day phase addresses the main accounting and tax difficulties encountered before the financial statements and tax return are prepared. The programme follows the actual sequence of closing work and links each account to its corresponding tax treatment. Participants build a structured closing file and a list of control points.

Learning objectives

  • Organise the closing timetable and the closing file
  • Apply the cut-off principle to income and expenses
  • Value inventories and work in progress and justify stock count differences
  • Process fixed assets, depreciation and impairment
  • Assess and record provisions for risks and charges
  • Identify the tax adjustments attached to each account

What makes this programme different

The work follows the real sequence of the closing, with a list of control points for each account
Every accounting treatment is immediately linked to its tax consequence
Participants build a fully justified and reusable closing file

Programme

1Organising the closing

Prepare before you post

  • Timetable of closing work and allocation of tasks
  • Structure of the closing file and supporting documents to gather
  • Preliminary review of the trial balance and suspense accounts
  • Matching of third-party accounts and justification of balances

2Cut-off of income and expenses

The right period for every transaction

  • Invoices to be issued and invoices not yet received
  • Prepaid expenses and deferred income
  • Treatment of credit notes and year-end rebates
  • Multi-year contracts and services in progress
  • Tax impact of cut-off entries

3Inventories, fixed assets and impairment

The most frequently challenged accounts

  • Valuation of inventories and work in progress
  • Treatment of stock count differences
  • Additions and disposals of fixed assets and depreciation schedules
  • Impairment of inventories and doubtful receivables
  • Differences between accounting treatment and tax treatment

4Provisions and securing the file

Document every position taken

  • Conditions for recognising a provision for risks
  • Provisions for disputes and for employee-related charges
  • Reversals of provisions and monitoring from one period to the next
  • Tax treatment of provisions and risk of add-backs
  • File notes justifying the positions adopted

Who is it for

Sole accountants, chief accountants, practice staff and accounting managers involved in year-end closing work.

Prerequisites

Practical experience of general accounting and prior involvement in year-end closing work.

Dates & locations

24 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.