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Finance Trainings

German Centre Taicang Academy offers the following finance training courses.

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Date: Thursday, 22 September 2022
Venue: German Centre Shanghai
Date: Thursday, 29 September 2022
Venue: German Centre Taicang
Time: 1:30 pm – 4:30 pm
Attendees: Business owners and/or General Managers
Language: English
Price: 1,200 RMB per person (the participation fee includes coffee break)
Participants: max. 15

Course Introduction

Financial transparency seems to be a luxury to foreign businesses in China.  A lot of foreign business owners or GM stationed in China complain that they are not able to have the visualization over their business by checking the financial reports prepared by their accountants. But there is nothing they can do to change.

It is accepted by most of the foreigners that the accounting treatments should be based on the complicated tax and fapiao rules in China, which makes the Chinese accounting principles different from those of the rest of the world. As a result, the financial statements are more compliance driven rather than decision-making driven.

However, is it true? Are the Chinese accounting principles so different? Is it so difficult to have the financial reports that can visualize your business and be meaningful to you?

Training Content and Goals

  • What is financial transparency (or business visualization)? How are you evaluating your business performance when you are unable to obtain accurate financial statements – by preparing the excel worksheets by yourself?
  • Why financial transparency is so difficult to be achieved for your business in China? What are the actual reasons that cause the rampant failure of business visualization in China? Why the complexity of compliance requirements in China is not an excuse for the flawed financials? – We will explain from the perspective of tax rules, fapiao rules, and accounting principles.
  • A set of common mistakes that characterize flawed books and financial reports, and how to identify and disclose these mistakes? – We will share some real cases.
  • How to solve the problem to achieve financial transparency for your business in China, so that you can properly analyze your numbers and make informed business decisions, on the basis of correctly prepared books.  – We will share some real cases.

Aepoch Advisors

Aepoch Advisors is a comprehensive financial management consulting and SAAS management software service provider based in Shanghai. Aepoch Advisors provides financial and tax system planning, management software and implementation, and financial reporting services for SMEs and start-ups. With years of financial experience, Aepoch Advisors is also committed to providing professional financial training to international companies, and its focus is on analyzing the differences between Chinese and Western financial systems.

Date: Wednesday, 12 January 2022
Time: 1:30 pm – 5:30 pm
Venue: German Centre Taicang
Attendees: Foreign Employees in China or Employees of Oversea Headquarter
Language: English
Price: 1,200RMB per person (the participation fee includes coffee break)
Participants: max. 15

Aepoch Advisors

Aepoch Advisors is a comprehensive financial management consulting and SAAS management software service provider based in Shanghai. Aepoch Advisors provides financial and tax system planning, management software and implementation, and financial reporting services for SMEs and start-ups. With years of financial experience, Aepoch Advisors is also committed to providing professional financial training to international companies, and its focus is on analyzing the differences between Chinese and Western financial systems.

Course Introduction

Multinational companies always need to face two different financial systems, and often need to combine these two systems also. This is a challenge that is faced for foreign employees in China and financial employees of its oversea headquarter. The expectation of understanding two different financial systems for financial staff are also very high. It is usually not so easy to obtain and fully understand the details of Chinese financial system for both foreign employees in China or financial personnel of its oversea headquarters, so it often leads to misunderstandings of related financial information.

German Centre Taicang Academy and Aepoch Advisors hope to provide informative training courses to explain to foreign employees in China or financial staff of its oversea headquarter the basic knowledge of Chinese financial systems, so as to narrow and to bridge the gaps caused by the differences in financial systems.

Training Content and Goals

  • Standard Chart of Accounts
  • China’s Fiscal year
  • Chinese format of financial statements
  • Chinese Accounting system
  • Reporting and tax filing due date
  • China’s foreign exchange policies (i.e. official rate, capital control, bank accounts, intercompany charges)
  •  Total investment and registered capital
  • Brief introduction of Value Added Tax, Corporate Income Tax, and withholding taxes
  • Official tax receipts (fapiao)
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