Accounting for VAT (Value Added Tax)
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Accounting for VAT (Value Added Tax)

This course explains how to avoid headaches with proper registration and control processes when working with VAT.
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
4 students enrolled
Last updated 6/2017
English
Curiosity Sale
Current price: $10 Original price: $50 Discount: 80% off
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 3 Articles
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Define Value-Added- Tax (VAT) and discover how VAT works.
  • Identify the risks behind improper VAT management.
  • Recognize how to plan your VAT balance.
  • Prepare to pass a VAT audit successfully.
  • Revise and improve your own VAT registration process.
View Curriculum
Requirements
  • Exposure to sales and value added tax exposure but no advanced preparation is required.
Description

This course enables controllers, accounting and tax professionals to understand the importance of managing Value-Added-Tax (VAT) transactions and balances. VAT management is not rocket science, but headaches can be avoided with a proper registration and control process in place. While this course is focused mainly on Latin America protocols, the concepts and rules around VAT are applicable in other regions as the mechanics are quite similar across the globe. This course covers real-world examples of VAT management, as well as:

  • VAT definition, history and terminology
  • Examples of how to record VAT
  • Potential red flags around VAT treatment
  • Tips on audit compliance
Who is the target audience?
  • Anyone interested in Finance, Accounting, or related fields.
  • Anyone interested in International Business.
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Curriculum For This Course
9 Lectures
01:09:49
+
Introduction
6 Lectures 01:09:45


Example, General Rule, and Non Neutral Cases of VAT
07:26

Red Flags and Audit Tips
04:44

VAT Reconciliation Requirements and Conclusion
07:35

Understanding VAT (Value Added Tax) Accounting & Control Continuous Play
34:51
+
Supporting Materials
3 Lectures 00:04
Slides: VAT, Accounting & Control
00:01

VAT, Accounting & Control Glossary/Index
00:01

The Intersection of VAT and Shared Service Centers
00:02
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REVIEW AND FINAL EXAM
0 Lectures 00:00

Review Questions: Understanding VAT (Value Added Tax) Accounting & Control

REVIEW QUESTIONS
3 questions

Final Exam: Understanding VAT (Value Added Tax) Accounting & Control

FINAL EXAM
5 questions
About the Instructor
Illumeo Learning
4.3 Average rating
75 Reviews
693 Students
175 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Carlos Di Brico (Illumeo)
0.0 Average rating
0 Reviews
4 Students
1 Course

Senior professional executive with broad experience in General Management, Shared Services and Finance, gained in diverse industries such as consumer products, industrial products, OTC, energy, telecom solutions and professional services.

I have been focused on serving, as a hands-on business partner, the operational areas with proven contributions to the business growth and maximizing profits.
My experience includes the development, implementation and management of Shared Services platforms providing strategic support to the business in the following areas: Finance & Accounting, Control, Tax, Administration, Information Technology, Supply Chain, Foreign Trade, Human Resources, Legal, Marketing, Facilities related Services
I am currently focused on assisting companies in my areas of expertise, through the provision of the following services: Interim Management, Directorship, Statutory Auditing (Syndic), Consultancy, Coaching, Training.
Specialties: Companies reorganization, Acquisitions, Shared Services Platform´s Implementation and Management, BSC, ERP implementation, Coaching.

 

Experience

Independent Director and Audit Committee´s Presidente: Camuzzi Gas (2012 - Current)

Statutory Auditor: Transportadora Gas del Sur (2016 - Current)

Financial Consultant: Grupo HZ (2014 -  Current)

President & Chief Administrative OfficerEmerson Southern Cone - [2011-08 to 2013-03]
Responsible for providing strategic support to the Business Units running operations in the Southern Cone to secure the Company growth in a profitable and ethical manner,
The responsibilities include the execution of the Corporate functions according to Emerson guidelines, leading the local Shared Services platform and the Business Council leveraging resources from every Business Groups.

Associated Sr ConsultantM&S Consultores - [1998-03 to 2011-07]
In charge of Administration and Finance Area, this implies the following main responsibilities:

Commercially: to develop new services and new businesses according to market needs and aligned with company objectives.
Operatively: to implement and coordinate strategic advice services for current and prospective clients.

Areas included: Accounting, Costing, Auditing, Process Reengineering, Tax Planning, New Projects Economic and Financial Analysis, Business Planning and Budgeting. Professional services performed both in Argentina and Venezuela.

Chief Financial OfficerStafford Miller Argentina SA - [1995-03 to 1998-02]
In charge of Administration, Finance, Human Resources, Information Technology and Control for operations (manufacturing, selling and distribution) in Argentina and Chile.
Regional responsibilities: administrative and financial auditing in Colombia operation, analysis and first steps and contacts for a trading start up in Uruguay.

Chief Financial OfficerEveready Battery Company - [1977-12 to 1995-02]
In charge of Administration, Finance, Human Resources, Information Technology, Supply Chain and Control for operations (manufacturing, selling and distribution) in Argentina, Chile, Uruguay and Paraguay.

 

Education

Competencias Directivas Genericas, Coaching : Universidad Siglo XXI & New Field Consulting - [2013 to 2013]

Accountant , Accounting & Finance : Universidad de Buenos Aires - [1970 to 1977]

Business Administration, Business Administration : Universidad de Buenos Aires - [1970 to 1976]