Understanding Company Accounts (Refresher)
|"It is puzzling, to say the least, that airlines can routinely operate without|
showing any planes on their balance sheet"
|-- Andrew Crockett
This course will show you how to:
Analyse your financial performance, helping you work with your bank
and your investors to drive your business forward
Use financial statements as part of the company valuation process
Ascertain what tough questions need to be asked and how to interpret
Goodwill and amortisation and their effect on your company's results
The course focuses on analysis and interpretation of published annual reports and accounts. We use many different sets of company accounts, analysts' reports and articles from the financial press to ensure that you know how to apply each concept to real world situations.
Accounting policies; how management decisions on depreciation, stock and
work in progress (wip) valuations can affect profits and net assets
Company valuations: how useful is the balance sheet?
Turnover - what should be included, what should not. How to compare your
turnover and profit margins with your competitors
Exceptional items and provisions- understanding profit smoothing
Measuring free cash flow and the reduction of net debt
Interpreting ratios: what do they mean for your business?
What is an appropriate debt to equity ratio, interest cover and dividend
cover for your industry?
Pensions, share options and their impact on EPS, p/e ratio and market
Who will benefit?
Managers, directors and non-executive directors
Duration: One day
New entrants to credit management, equity analysis, financial services,
fund management and investor relations
Understanding company accounts is also available as an in-house course.