Introduction to Company Accounts

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Overview
Course duration: 1 day.

The first of a series of three company accounts courses providing a solid understanding of the fundamentals of company accounts.

This intensive course introduces delegates to the contents of financial statements, their meaning and uses. It is the first in the series of three company accounts courses and provides a solid grounding of knowledge, essential before delegates can progress to analysing the information in company accounts. It is a highly practical course and delegates will prepare simple financial statements themselves to reinforce their learning.

Delivery:
  • Classroom
Regions:
  • London
Category:

Further Details

Is it right for me?
Suitable for anyone who wants to gain a basic understanding of company accounts and who has had very little or no previous experience.

Something to consider: this course deals with so-called financial accounting. If you are interested also in management accounting (budgeting, internal costs, etc), then you may want to consider as an alternative, one of the following two day courses that cover both these areas:

For managers: Finance for Non Financial Managers

For office professionals: Making Sense of Finance

What will I learn?
By the end of this course you will be able to:

Understand the technical ‘jargon’ of company accounts.
Read and understand a set of company accounts.
Assess the effects of business activity on the balance sheet.
What will it cover?
The Financial Model

Understand the basic business model
What do we mean by capital? How is it invested in the business?
What every businessman wants to know: how am I doing? What am I worth? Have I got the cash to afford it?
How the financial statements provide the answers
Key fundamental concepts that accountants adhere to
The Profit and Loss Account

The structure of the Profit and Loss Account; the information it contains
Understand what we can learn from the Profit and Loss Account
Understanding the impact of depreciation
Case study example and real world formats
Balance Sheet

The anatomy of the Balance Sheet
Getting to grips with the terminology
Historic cost and going concern principles
Recognising categories of fixed and current assets
How liabilities are categorised
Understand the types of capital employed in the business and how they are used to finance assets
Understanding what the Balance Sheet can tell us
Case study example and real world formats
Cashflow Statements and Forecasts

A brief introduction to the Cash Flow Statement
The importance of cash to a business
The distinction between cash and profit
Case study: preparing a cash flow forecast
Understanding working capital
Further courses to consider
Analysing Company Accounts

Effective Budgeting

This Training Course is taught in classrooms in the following locations:
London SW

Guide Price: 529