Further Details
“It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading”
Mary Archer
Course overview
Statutory accounts (the ones filed at Companies House) are getting ever more complex. This course shows you how to navigate your way around a set of company accounts to find the information you want. It will enable you to understand the balance sheet, profit and loss account and cash flow and draw your own conclusions about the financial statements published by your customers, suppliers and competitors!
Course content
The difference between management accounts and statutory accounts
What to look for in an audit report
What are the basic accounting concepts
The profit and loss account and the five profit figures:
PBIT/EBIT, EBITDA, PBT/EBT, PAT and retained profit
Understanding the balance sheet: fixed assets and depreciation, stock, debtors, cash, creditors, capital and reserves
The working capital cycle
Cash flow statement – why profit does not equal cash
Turnover, profit margins and trends
An introduction to ratios; liquidity & current ratio, how to calculate these and when to use them
The importance of return on equity (ROE) and return on capital employed (ROCE)
The course focuses on understanding the annual report and accounts (statutory audited accounts) and uses many different sets of accounts – from small companies through to plcs - to ensure you know how to apply each concept to real world situations.
Who will benefit?
Our Understanding Company Accounts course is suitable for:
• Managers, directors and non-executive directors
• New entrants to credit management, equity analysis, financial services, fund management and investor relations
• Graduates, accounts clerks, credit controllers, trainee accountants
“Fantastic, very open and clear communication” Associate Director, Centric
Guide price
£450 plus vat |
