21 November 2016

Company accounts - introduction


An essential jargon-busting introduction to accounting terms and key concepts, enabling you to read annual reports and finance statements with confidence.

Who should attend?
All who are new to financial statements or feel they need a deeper understanding of what they mean and how to work with and interpret them.

What you will gain
An understanding of the primary financial statements and other main contents of published annual company accounts. The focus is on defining accounting terms and explaining key concepts so that you will be able to read an annual report with confidence. Both UK GAAP and IFRS accounting presentations are discussed.

Programme outline
How do accounts work?

  • Objectives of accounts - who uses them?
  • Sources of regulation.
  • Principles underlying financial reporting especially the matching principle.

Contents of published accounts.

  • Reading an annual report.
  • Identifying key information.
  • Understanding the main terms.

Recording transactions.

  • Why use double entry?
  • Simple exercise on how double entry works.

The financial statements.

  • What do financial statements tell you?
  • Balance sheet or statement of financial position.
  • Profit and loss account or income statement.
  • Cash flow statements.

Linking the statements together.

  • Profit versus cash.
  • The link between the balance sheet, the profit and loss statement and the statement of cash flows.

Getting to grips with accounting jargon.

  • Tangible and intangible assets.
  • Depreciation.
  • Current assets.
  • Liabilities.
  • Shareholders' equity.
  • Sales, EBIT and net income.
  • Retained profit.
  • Cash flow.

No prior knowledge of company accounts is assumed.

The course starts at 9.00am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

If you are a CIPD member and would like to book your place on this course, please download and complete the booking form and email it back to us. Please ensure you include your CIPD membership number in order to receive the discount.  

Booking Information

Date Location Price
21 November 2016 - 09:00 London Price: GBP 615.00
CDS member price: £490. CIPD member price: £490. Plus VAT on all prices. CIPD members should complete and return the booking form above.

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Company accounts - introduction

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If you have any queries please email or phone us on: +44 (0)3332 221608. Visit our booking page for information on how to book and pay.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA Mastercourses are held in partnership with BPP.  

CIMA on demand is an online professional development solution, specifically designed for busy finance and business professionals who need CPD that's convenient and will fit around their schedule. Find out more