Training Course: Introduction to Company Accounts

Training Course Summary:

This intensive course introduces delegates to the contents of financial statements, their meaning and uses. It is the first in the series of three company accounts courses and as such provides a solid grounding of knowledge, essential before delegates can progress to analysing the information in company accounts. It is a highly practical course and delegates will prepare simple financial statements themselves to reinforce their learning.


By the end of this course you will be able to:

Understand the technical ‘jargon’ of company accounts.
Read and understand a set of company accounts.
Assess the effects of business activity on the balance sheet.

Who Should Attend:

Suitable for anyone who wants to gain a basic understanding of company accounts and who has had very little or no previous experience.

Training Course Overview/Content:

The Financial Model

Understand the basic business model
What do we mean by capital?
What is capital gearing?
How capital is invested in the business
What every businessman wants to know: How am I doing?
What am I worth? Have I got the cash to afford it?
How the financial statements provide the answers
Key accounting concepts
The Profit and Loss Account

Information contained in the profit and loss account
Understand what we can learn from the profit and loss account
Formats
Balance Sheet

The information contained in the balance sheet
Historic cost and going concern principles
Understand the types of capital employed in businesses
How capital is used in the business to finance assets
Recognise the categories of fixed and current assets
How liabilities are categorised
Understand the impact of depreciation on the balance sheet and on the business
Get to grips with the terminology
Understand what the balance sheet can tell us
Cashflow Forecasts

The importance of cash to a business
What the cashflow forecast tells us
Learn how to prepare a cashflow forecast