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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
If you want to be able to find you way around a set of company accounts, understand the audit report, balance sheet, profit and loss account and cash flow statement, this is the course for you.

[ ]Course content
[Bullet 1]  The difference between management accounts and statutory accounts
[ ]
[Bullet 1]  What to look for in an audit report
[ ]
[Bullet 1]  What are the basic accounting concepts
[ ]
[Bullet 1]  The profit and loss account and the five profit figures:
[ ]  PBIT/EBIT, EBITDA, PBT/EBT, PAT and retained profit
[ ]
[Bullet 1]  Understanding the balance sheet: fixed assets and depreciation, stock, debtors,
[ ]  cash, creditors, capital and reserves
[ ]
[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]  An introduction to ratios; liquidity & current ratio, how to calculate these and when
[ ]  to use them
[ ]
[Bullet 1]  Debt versus equity, interest cover, dividend cover
[ ]
[Bullet 1]  Return on equity (ROE), return on capital employed (ROCE)
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.

[ ]Who will benefit?
[ ]
Our Understanding Company Accounts course is suitable for anyone who wishes to gain an understanding of published financial statements and credit reports.

[ ]Duration: One day
   "The material was well paced and clearly presented"
Manager, Investec Bank

Understanding company accounts is also available as an in-house course.
         
[Accounting knowledge | for everyone]