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Description

Year-End Closing Entries: Preparing, Substantiating and Securing the Accounts

Master year-end closing work to reach the reporting date without delays or unsupported balances

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

The closing date approaches and year-end work piles up into a handful of days. Suspense accounts have not been cleared and accrued supplier invoices are listed from memory. Provisions are rolled forward without review. The external auditor requests supporting documents that nobody has prepared, and the closing process spills over into the following financial year.

These two days bring structure to year-end work. You build a closing plan spread over time. You record closing entries account by account, each with its supporting evidence. You handle the cut-off of expenses and income to the correct period. Finally, you assemble a closing file that substantiates every balance.

Learning objectives

  • Build a closing plan spread over the weeks preceding the reporting date
  • Record closing entries relating to fixed assets and inventories
  • Apply cut-off rules for expenses and income of the period
  • Substantiate impairments and provisions recognised at the closing date
  • Assemble a closing file that supports every balance

What makes this programme different

A tailored closing plan built during the session
Closing entries recorded account by account on a trial balance provided
An account substantiation file template given to every participant

Programme

1Organising the Close

Spreading out what can be spread out

  • Closing plan and allocation of tasks
  • Work that can be completed ahead of the reporting date
  • Clearing suspense and inter-company accounts
  • Matching and substantiating receivable and payable accounts

2Fixed Assets and Inventories

What the company holds

  • Physical count and reconciliation with the ledger
  • Depreciation and asset disposals
  • Valuation of inventories and work in progress
  • Impairments to be recognised

3Period Cut-Off

Every expense and every item of income in its place

  • Accrued expenses and goods or services received not invoiced
  • Accrued income and invoices to be issued
  • Prepaid expenses and deferred income
  • Contracts straddling two financial years

4Provisions and the Closing File

Substantiate rather than roll forward

  • Conditions for recognising a provision
  • Review of provisions carried forward
  • Impairment of trade receivables
  • Building and archiving the closing file

Who is it for

Sole accountants · general accountants · accounting firm staff and finance managers involved in year-end closing work.

Prerequisites

Practical experience of general accounting and maintenance of receivable and payable ledgers.

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.