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Introduction to Company Accounts

Course_Reference: 
HFICA1
Manufacturer: 
0
Training_Provider: 
23
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 provides a solid grounding of knowledge, essential before delegates can progress to analysing the information in company accounts.

Audience: 

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

Objectives: 

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.

The Financial Model

  • Understand the basic business model
  • What do we mean by capital? How is it 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 fundamental concepts that accountants adhere to

The Profit and Loss Account

  • The structure of the Profit and Loss Account; the information it contains
  • Understand what we can learn from the profit and loss account
  • Understanding the impact of depreciation
  • Case study example and real world formats

Balance Sheet

  • The anatomy of the Balance Sheet
  • Getting to grips with the terminolgy
  • Historic cost and going concern principles
  • Recognising categories of fixed and current assets
  • How liabilities are categorised
  • Understand the types of capital employed in the business and how they are used to finance assets
  • Understanding what the Balance Sheet can tell us
  • Case study example and real world formats

Cashflow Statements and Forecasts

  • A brief introduction to the Cash Flow Statement
  • The importance of cash to a business
  • The distinction between cash and profit
  • Case study: preparing a cash flow forecast
  • Understanding working capital

Description: 

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 provides a solid grounding of knowledge, essential before delegates can progress to analysing the information in company accounts.

Keywords: 
Company Accounts,Company Accounts Introduction,financial statements explained,analyse company accounts information

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