Overview   

Proper month-end and year-end closing procedures are an essential part of ensuring that financial statements accurately reflect a company's financial performance and position, and in turn, accurate financial statements are important in making informed business decisions. 

This webinar will assist bookkeepers, accountants and compilers to improve the accuracy and efficiency of the closing process, ensure compliance with local accounting and tax regulations, and produce accurate financial statements. 

Join Bekithemba Ndebele (ACCA), as she provides you with practical knowledge and insights into the best practices for effectively managing the closing process.  

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Gain an understanding of the importance of month-end and year-end accounting procedures. 

• Gain an understanding of the role proper month-end and year-end procedures play in accurate management and financial reporting. 

• Learn what month-end and year-end procedures need to performed and why those procedures are required. 

• Understand the steps involved in the month-end and year-end closing processes and procedures. 

• Appreciate the application of technology in performing month-end and year-end closing procedures.    

Content 

The webinar will cover the following topics:  

• Month-end and year-end closing procedures 

• Monthly accounting cycle 

• Bank reconciliation  

• Payables reconciliation 

• Receivables reconciliation 

• Adjusting entries for accruals and deferrals 

• Reviewing Fixed Asset Register and making necessary adjustments 

• Depreciation computation and making depreciation journals 

• Reviewing inventories and making inventory adjustment journals 

• Closing revenue and expenses accounts 

• Reviewing the General ledger and making necessary adjustments 

• Application of technology in performing month-end and year-end closing procedures 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Bekithemba Ndebele ACCA   

Bekithemba Ndebele is an Associate of the Chartered Certified Accountants (ACCA). He completed his articles with PNA Chartered Accountants in 2015 after which he worked in the private sector as Group Finance Manager at Shearwater Adventures (Pvt) Ltd until December 2020.    

Bekithemba is currently a managing partner at Zuva Financial Services (Pty) Ltd where he is responsible for tax advisory, assurance, business valuations, accounting, and business mentorship and acceleration.   

Who should attend? 

The following persons will benefit from attending this webinar: 

• Bookkeepers. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Compilers. 

Price              

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R184 per person (up to 5 users) 

• Group Price 2 - From R121 per person (up to 10 users) 

• Group Price 3 - From R109 per person (over 11 users) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.