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Understanding Company Accounts (Introduction)
"It sounds extraordinary but it's a fact that balance sheets can make fascinating reading"
-- Mary Archer
[ ]Understanding Company Accounts is a practical course, using many different sets
[ ]of accounts, from small companies to Plcs, to equip you with essential financial skills.

[ ]Objectives: To gain a good understanding of accounting principles and enable you to
[ ]find your way around a set of company accounts, understand the audit report, balance
[ ]sheet, profit and loss account and cash flow statement.

[ ]Course content
[Bullet 1]  The difference between management accounts and statutory accounts
[ ]
[Bullet 1]  What to look for in an audit report
[ ]
[Bullet 1]  Understand key accounting concepts
[ ]
[Bullet 1]  Profit and loss account: PBIT, EBIT, EBITDA, PBT, PAT retained profit
[ ]
[Bullet 1]  Balance sheet: fixed assets, depreciation, stock, debtors, creditors and capital
[ ]
[Bullet 1]  The working capital cycle
[ ]
[Bullet 1]  Cash flow statement - why profit does not equal cash
[ ]
[Bullet 1]  Turnover, profit margins and trends
[ ]
[Bullet 1]  Financial ratios: liquidity & current ratio, gearing, interest cover, return on
[ ]  equity (ROE) and return on capital employed (ROCE)
[ ]Outcomes: You will have a good understanding of the P&L account, balance sheet
[ ]and cash flow statements and be able to interpret key financial ratios.

[ ]Duration: One day          CPE: 6 hours

[ ]Why Choose Accounts Training? Your tutor will be a highly qualified Chartered
[ ]Accountant who can explain finance in a clear and accessible way. You will be in a
[ ]small group (max. 8) so you can ask questions and get the full benefit of instructor-led
[ ]training; we are quite happy for you to bring your accounts along and grill us!

[ ]Understanding Company Accounts is also available as an in-house course and can
[ ]be tailored to meet your specific requirements.

[ ]For more information please email us at Info@AccountsTraining.co.uk

   "Fantastic, very open and clear communication"
Associate Director, Centric

[Accounting knowledge | for everyone]