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
Prerequisites
Prerequisite: Sales and value added tax exposure
Advanced Preparation: None
Learning Objective
- 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
Last updated/reviewed: March 17, 2024
(76) Reviews
(32 rating)I've been using pivot tables for years and still picked up a few helpful hints in this lesson. This is a very useful session for any user.
Good course explaining how account takeovers can occur and ways individuals and businesses can protect themselves.
A very interesting read with a good summary of how fraud was committed.
This course was very interesting. I liked the examples he gave and how he Incorporated his own experiences into the lecture.
The slides were a great resource for learning. I'm happy that they were provided in PDF format so I could refer to them for the quiz and the exam.
Very helpful, I had forgotten a few of the features.
A good summary of the gift tax rules. The narrator is obviously very knowledgeable about the topic. Good in depth detail was given as well.
Very helpful study guide, and the examples are helpful to understand context. Would be helpful to have more examples.
Great refresher course for people with experience. For new accountants, this is great to get a better understanding of accounting concepts.
Well structured overview of the course by instructor
As professional finance and strategy, I have had the opportunity to deal with FCPA Compliance issues in over 30 countries. The course is good in covering the compliance every company must address daily.
Lots of good information in this course. Not for beginners or those looking for a high-level overview.
Very informative. The class provided the material in a clear and concise manner.
This instructor is always my favorite for Excel classes. His slides and presentations are excellent. It's a tad slow but the repetition makes the new formulas stick in my head.
Thankful for the lessons provided. The content was dynamic and practical and makes good points. Thanks
Liked how the instructor presented the information. She gave a lot of good websites to visit for more information.
Road Map to Career Success overview here. Get your life together, get your career on track, be better.
Excellent materials and will make for good reference going forward.
Great course. Very easy to follow. Great examples from the professor.
Though the material in this course was well thought out and presented, I found it distasteful and unpatriotic to include a former president, not just as an example of an amoral/immoral leader, but also the answer to an exam question. Keep your politics out of my professional learning materials...
Great course on Corporate tax filings for schedule M-3 Part III.
great class thank you. i will recommend. i am so glad i took it.
Extremely helpful and clear guidance. Recommend this to anyone else who is interested in learning more about Power BI.
This course was really interesting because I learned about some of the new things I can do with 365. Definitely recommended. However, digging into the differences between various versions of Excel is not too interesting.
now that I WFH full time because of the pandemic, this was SO helpful!
Great course! The real world examples helped me better understand the topics covered.
It would be beneficial to release the wrong answers for the final exam.
This is a great course. I recently start doing budget forecast for my company. I can see a lot of the similarity between this course and actual real life work. This course definitely help me to improve my understanding and the concept behind my work. I also like the few tricks that Blair shares at the end of the course.
This instructor courses are always very helpful and are well thought out. I always look for her courses on-line as I always learn something new and interesting from her classes.
Very good introductory course. The explanation & slides on when VAT is not neutral could be a little clearer.
Very good refresher! Must take it every few years. Very good coverage.
Good but hard to understand instructor (he trails off at the end of the sentence). Please provide more notes or explanations on slides where VAT is not neutral
Supporting materials helped drive home discussion, relevant for CPA day-to-day dealings with Operations and Executive Management.
This was a helpful course for someone who volunteers with a small church group to understand what fraud issues might arise for small entities and what can be done to mitigate the risk.
Nice looking/professional presentation and materials.
Great Course I think we need more documentation.
I love Lynn Fountain's courses she does such a good job describing the topic in depth without being overwhelming and by keeping it interesting.
The course is easy to understand. Especially, the examples with the journal entries help a lot.
The information was informative and gave a good overview of forensic accounting. Also, the instructor made it very easy to follow and understand the topics.
I highly recommend this course to anyone working in accounting. The class material is filled with lots of examples. Great class.
Overall great webinar. It would be helpful to reduce the number of abbreviations in the slides though.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor
A very relevant course to a person moving into finance executive positions.
The slides and glossary will prove to be a great reference guide on new Tax and Job Act.
Excellent course and helpful in many ways. Can there be another course from this instructor on how to handle Q&A when presenting financial information?
Course was very interesting! Its also very useful for further understanding.
Great instructor and delivery. Enjoyed the material and all examples.
It seemed that slides were not in order. For example, the review of the first question was not presented until the final section. Also, 120/240 equals 50% not 240/120, which equals 2, as shown on the slides.
Very articulate, concise and insightful! I would recommend for anyone looking to improve their public presence.
A useful and technical course topic which was presented in a clear and concise manner.
This has improve my excel knowledge tenfold. thank you for your well thought out plan and explanations.
Some more error rectification technique may be included in this course.
very good
A very interesting topic, another one they don't teach you in school.
good review material
Very basic if you're a CPA.
Excellent course
The course was worth sitting through. I had to listen to the lessons twice to grasp the concepts, and that helped with the final exams.
This was a long course. Perhaps it could have been split into 2 parts? HR, Payroll and even Accounts Payable would benefit the most.
A printable reference guide would've been helpful.
Bullet points - not the entire conversation or presentation - Please!!!!
Excellent
Like the format of 'quote' and then analysis
Done
As is true for his other sessions, this has a tremendous amount of material which can be somewhat overwhelming. Good stuff, though.
l like learn about this course and subject We will follow full courses for an intense love thank you very much
A nice over all review of the financial principals.
Very interesting approach to learning about items that impact the FX gain/loss line item. Concise and easy to follow.
The course was well organized and easy to follow. The instructor spoke clearly, and was able to keep the listener's attention.
Eye opener for real life situations, and re-assurance that looking to do the right thing is the best policy
Excellent presentation of information; particularly for accounting professionals who have no background on this topic. Again, I would have liked to review the graded final exam to determine which question was answered incorrectly.
You will learn about how operating lines of credit works and what to watch out for. Very informative & reference material.
Easy learning and well explained.Worth learning.
Excellent step by step guide on how to proceed with due diligence and having been through one due diligence this resinated on what checks and balances the buyer needs to have to ensure a smooth and successful pre-purchase period.
Great content and the slides were put together well. I would just suggest that the speaker speak faster. There were way to many long pauses and I feel like a lot more information could have been fit into the 1 hour.
very usefull.Thank you !
Ask the instructor a question about this lesson