Accountancy

Legal structure allowing at least two companies to carry out joint operations, the GIE has a separate functioning that influences its accounting. For best accountancy training  Best school of accountancy In Lahore .  Here are  some accounting rules  that must be followed by the EIG and its members. Accounting for EIG financing operations The EIG may or may not be subject to financial contributions from its members. For any capital   contribution, the accounting firm in charge of the EIG will have to write the following entry: debit the account "266 - Other forms of participation" and credit the "512 - Bank" account for an equivalent amount. For advances incorporated in the capital of the   GIE , the account "2676 - Advances consolidables" will be debited and the account "512 - Bank" will be credited. Finally, for any other type of advances, the account "4581 - Associates - Transactions made in comm...

Works Committee has accounting requirements imposed by the law of 5 March 2014: before that date, the bonds were very small, but today, the EC is obliged to keep a true accounting ,  and since 1  st  January 2015. What is the accounting rules applied to works councils? Some accounting rules apply to all EC. Thus, a Works Council must necessarily appeal to an accountant to present its financial statements, the cost being charged to its operating budget. It must also draw up a precise report on its activities and its financial management and present a report on the agreements concluded between the EC and its members. Finally, it should be noted that the annual accounts of the Works Council are drawn up by elected members. Finally, it is mandatory to appoint a treasurer, and to keep the accounting records for ten years. Is the size of the EC to be taken into account? The law is binding on all EC, but there a...

Many companies regularly face situations where the amount of deductible VAT due to the company is higher than the amount of VAT collected and repaid to the State. For best training  Best school of accountancy In Lahore .  In this case, the company can benefit from a VAT credit and therefore benefit from a refund. That's how it counts... The VAT credit: its calculation and its use Because of their activity, some companies are frequently in VAT   credit situation. This is the case for companies buying in France to resell abroad, buying at the normal rate to resell at a reduced rate or constituting large stocks of goods that they are struggling to sell. The VAT credit, which is similar to a tax liability of the State towards the company, is calculated very simply from the following formula: If a company has a VAT credit, it can use it in two ways: It may request the refund of this VAT credit ...

Gross Operating Surplus, more commonly known as EBITDA, is a particularly important financial indicator for a company. Here are some explanations that will help you understand what it really is, what its role is and how it is calculated. What is EBE and what is its role? Gross operating surplus is an extremely important financial indicator in the context of the accounting missions of a company since it allows knowing the resource that the latter derives from its cycle of explanation .This indicator makes it possible to maintain the production tool and to develop it, but also to remunerate the committed capital. It should be noted that when Gross Operating Surplus is negative, there is a gross operating deficit. It is therefore a question of expressing the capacity of an enterprise to generate cash resources, and thus to make conclusions on the performance of the latter. What is its method of calculation? There are different w...

When an entrepreneur decides to cease his activity and to sell his business, he must evaluate his goodwill to sell it. For best accountancy training Best school of accountancy In Lahore .  This price is the result of an agreement negotiated between the seller and the future purchaser. The determination of this price depends on several factors that must be taken into account at the time of the evaluation. Estimate Tangible Assets In order to evaluate a goodwill, the tangible assets of the activity  must first be taken into account . Tangible assets include, in particular, customers, which are valued by turnover or profit, lease rights, which take into account the amount of rent and the location of premises, signs, patents or trademarks of manufacture. All these elements are carefully listed and taken into account in the valuation of goodwill. Estimate fixed assets In order to evaluate goodwill ,  account must al...