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Letting Contracts Using the New EU Public Procurement Directive 2004/18/EC Procedures
29 September, London; 4 November, Bristol; 10 November, London; 18 November, Birmingham;
Effective and Collaborative Procurement - The Future for Local and Central Government
25 January 2005 QEII Conference Centre, London
Q: How would the following error in the general ledger be corrected by a journal entry?…

…the total of the sales day book has been posted incorrectly as £51,010 instead of the correct amount of £50,101 ( ignore VAT)?

The Sourcing Solution: A step-by-step guide to creating a successful purchasing program
Larry Paquette Amacom, £21.75 2/5
Q: Are there any advantages in using the FIFO system over the LIFO system in terms of VAT?

There is no advantage whatsoever as vat is accounted for at the point of purchase and, as a result, stock is dealt with net of VAT.

Consultants and Advisers: A best practice guide to choosing, using and getting good value
Harold Lewis Kogan Page, £25 4/5
European Institute of Purchasing Management Conference - Measuring Purchasing Performance
2-3 December 2004 Archamps, France
European Business Forum: Best Practices within Purchasing and Payables from Need to Payment
5 October, London
Q. If my small company bought two vans on a credit agreement how would I account for the VAT?

Both vans cost £12,000 plus VAT but the payments are being made via a finance company over a period of three years. Can I offset the input vat for the total amounts through the purchase ledger in the month that the vans were delivered, or do I have to remember to offset the proportion of VAT on the

payments over the next 36 months?

Threats or Opportunities? The Regulatory Challenges facing the Environmental Solutions Industry
3 November 2004 10 St. James's Square London
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