Company accounts - introduction

Event type: Mastercourse

Read an annual report with confidence

Date Location Price  
26 July 2012 - 09:00 London Price: GBP 615.00
Corporate discount scheme: £490.00
+ VAT on all prices
13 September 2012 - 09:00 London Price: GBP 615.00
Corporate discount scheme: £490.00
+ VAT on all prices
16 November 2012 - 09:00 London Price: GBP 615.00
Corporate discount scheme: £490.00
+ VAT on all prices

Who will benefit

  • All who work with financial statements and need to understand the basic aspects of the information they contain.
  • Those looking to gain a basic understanding of a company's annual report and financial statements, without having to analyse the information in detail.

What you can 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.

Speaker Details

The speaker will be drawn from a pool of qualified professionals who specialise in this subject. Having worked for leading organisations they will relate the course content to real life case studies.

Outline

How do accounts work?

  • Objectives of accounts.
  • Sources of regulation.
  • Principles underlying financial reporting: accruals, matching and prudence.

Contents of published accounts.

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

Recording transactions.

  • Why use double entry?

The financial statements.

  • What do financial statements tell you?
  • The balance sheet.
  • Profit and loss account.
  • Cash flow statements.

Linking the statements together.

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

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.

6 CPD hours (where applicable)

Prerequisites

No prior knowledge of company accounts is assumed.