Closing Annual Accounts (SYSCOHADA)

Module 1: OHADA accounting law and conceptual framework

• Section 1: Uniform Act on accounting law and financial reporting
• Section 2: Conceptual framework and scope of the revised OHADA Accounting System
• Section 3: Basic assumptions and fundamental accounting principles of the revised OHADA Accounting System
• Section 4: Qualitative characteristics of financial information and definitions

Module 2: changes and innovations introduced by the reform to balance sheet and income statement accounts

• Section 1: Objectives and general principles
• Section 2: Changes to balance sheet accounts
• Section 3: Changes to income statement accounts

Module 3: changes and innovations in individual annual financial statements

• Section 1: Objectives and structure of financial statements
• Section 2: General presentation rules
• Section 3: Changes and innovations in annual financial statements under the normal system
• Section 4: Changes and innovations in annual financial statements under the minimal cash-based system (SMT)

Module 4: migration to the revised OHADA Accounting System as at 1 January 2018

• Section 1: Basic principles to observe
• Section 2: Practical implementation

1. Incidental purchasing costs;
2. Fixed asset acquisition costs;
3. Finance leases;
4. Employee benefits in kind;
5. Balance sheet revaluation;
6. Foreign currency translation differences;
7. Inventory impairment;
8. Component approach;
9. Costs of dismantling, removal and site restoration;
10. Major inspections (overhauls, major repairs, etc.);
11. Residual value and useful life of an asset;
12. Annual financial statements;
13. Recognition events for sales of goods and provision of services;
14. Loan redemption premiums;
15. Formation and capital increase costs;
16. Multi-year contracts;
17. Asset-related grants;
18. Capitalised expenses.