.5 CPE 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
Learning Objectives
- 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
34 Reviews (110 ratings)
Reviews
Judith Moscova
(Accountant at N/A)
I took the class to get reacquainted with the subject matter and get a better understanding of it. I learned quite a bit from the presentation and will need to revisit it to better grasp the topics covered. It was a good and very informative class, however It took me a longer time to cover this 1-credit course than it has to complete previously taken 1-credit courses.
Peter Morris
(Consultant at Treasury)
Good overview, particularly for practitioners who have little knowledge or experience in calculating VAT. However, the FINAL EXAM should be clarified for Question 5, which is stated somewhat ambiguously.
Anonymous
(Finance Consultant)
This course provides a solid overview of basic VAT concepts. VAT rules can be very complex and vary from jurisdiction to jurisdiction, so I'll seek to involve specialists going forward.
Anonymous
(Senior Accountant)
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
Anonymous
(Controller)
Well presented and clearly explained. Material sufficient to reviewers and straight to the point. Good examples and good introduction to the subject matter.
Anonymous
(Staff Accountant)
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.
Anonymous
(Director, International Finance)
Great content and appropriate supplementary material. However, the audio quality was poor which made it more challenging to absorb the material.
Lilian Dendrinos
(consultant at DLC Group)
Good material but too much material to cover in 30 minutes class. I would have liked to see the class extended to about an hour and half.
Nancy Moreland
(Principal at N. L. Moreland)
Good information, speaker spoke softly & was occasionally difficult to understand - fortunately I could go back & try again.
Anonymous
()
I was looking for more detail on how VAT is actually recovered if paid on transactions. Good overview however.
Anonymous
(Controller)
This course was a little difficult to understand. I would have liked to have more examples of how to estimate
Anonymous
(Tax Manager)
Very good introductory course. The explanation & slides on when VAT is not neutral could be a little clearer.
Emily Moran
(Director of Finance at Kurtosys Systems)
I like the examples and overview -- very helpful for accountants that were not trained in VAT jurisdictions.
Anonymous
(Staff Accountant)
Good course for beginner level understanding of VAT. Included examples and easy to understand graphics.
Anonymous
(Accounts Payable)
First time learning about VAT. It was a little scary at first but it was well detail and explained.
Anonymous
(Accounting Manager)
The course material is helpful but the accent is so thick, it is very hard to understand.
Christina Smith
(Senior Controller at Baker Hughes)
The instructor and the material were very thorough and effective in covering this topic.
Rebecca Yang
(Accounting Director at GCL New Energy)
The recording has background noises and echo which makes it hard to hear clearly.
Janis Balodis
( at European University Institute)
It was a bit more quantitavi course, which required a more skills and knowledge.
Anonymous
(Vice President of Finance)
Great materials. The access of the presenter was sometimes hard to understand.
Anonymous
(CFO: Financial Desktop Solutions Divisio..)
Very difficult to understand the speaker. Materials not clearly presented.
Dhaval Kadakia
(Director of Sales at JRC Conventions & Trade Fairs)
Although the presentation was good, the explanation could have been better.
Anonymous
(Manager, Accounting)
At times, it was difficult understanding the instructor due to his accent.
Anonymous
(Transaction Advisory)
General overview of VAT tax and effects of different VAT jurisdictions.
Anonymous
(Consultant)
Content is good, but instructor is difficult to understand.
Barbara Carlin
(Chief Financial Officer at Enterin)
Easy to follow course and slides serve as a good reference
Anonymous
(MANAGER, ENERGY COST MGMT)
hard to understand...i don't recommend this course
Anonymous
(-)
Instructor was difficult to understand at times.
Leonard Sloane
(Chief Operating Officer at New York Mobile Satellite, LLC)
Great over view of this very complex subject.
Anonymous
(Financial Services Professional)
Well presented and clearly explained.
Robert Jacobs, CPA
(VP Finance at Cyware)
Strong accent, difficult to understand
Anonymous
(Controller)
Very informative and helpful.
Anonymous
()
The course is excellent.
Patrenia McAbee
(Owner at McAbee Consulting)
Good
Prerequisites
Course Complexity: Intermediate
Prerequisite: Sales and value added tax exposure
Advanced Preparation: None
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Carlos DI BricoConsultant-Interim Manager-Statutory Auditor - Independent Director
About Illumeo
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