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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

Guide price

529