Understanding Company Accounts (Introduction)
|"It sounds extraordinary but it's a fact that balance sheets can make fascinating reading"|
|-- Mary Archer
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!
The difference between management accounts and statutory accounts
The course focuses on understanding a company's annual report and accounts (the statutory audited accounts) and we use many different sets of accounts - from small companies through to plcs - to ensure you know how to apply each concept to real world situations.
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)
Who will benefit?
Our Understanding Company Accounts course is suitable for:
Duration: One day
Managers, directors and non-executive directors
New entrants to credit management, equity analysis, financial services, fund management and
Graduates, accounts clerks, credit controllers, trainee accountants
Understanding Company Accounts is also available as an in-house course and can be tailored to meet any specific requirements that you may have.
||"Fantastic, very open and clear communication"
|Associate Director, Centric|