Understanding Company Accounts
Information
This is a highly participative 2 day programme featuring, case studies, exercises and syndicate work. It is aimed at staff who need to be able to take a set of accounts and understand the story behind them. The course will cover accounting jargon and the real meaning of financial statements. We will cover ratios and measures such as, gearing, EBIT and EBITDA. The course combines basic accounting principles with financial analysis skills. It is designed for those with no previous accounting experience.
Schedule
Day One
Session 1:
Reading Accounts – an essential management skill
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What is financial information?
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Reviewing financial statements:
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Profit and Loss Account, Cash Flow Statement, Balance Sheet
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How they are produced
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Why they are needed
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How they inter-relate
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Users
Session 2:
Components of a Balance Sheet
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Assets and Liabilities
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Working Capital Cycle
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Sources of capital and funding, gearing
Session 3:
Components of a Profit and Loss Account
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Income
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Expenses
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Why profit does not equal cash
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Case study - In which delegates produce financial statements and learn about the inter relationships
Day Two
Session 1:
Cash Flow Statements
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How to read them
Session 2:
Using Ratios to help you understand:
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Key Investor measures
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Concepts of relative and absolute measurement
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Profitability
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Liquidity
Session 3:
Review of Accounting Standards
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Discussing the impact on the balance sheet of the recent new accounting standards
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Case study
Course Close
Register interest
As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.