Interpreting Accounts

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' This two day course provides delegates with the core accounting principles they need to be aware of to read a set of accounts under the UK GAAP effectively. The course covers basic accounting principles and financial analysis skills, explains the real meaning of accounting jargon and how to measure financial performance. There is also a review of the significance and impact of accounting standards and the change to international accounting standards and the key areas of impact will be discussed.

The course is intended for those with no previous accounting experience who need to be able to interpret and use a set of accounts prepared under UK GAAP.

Programme

DAY 1
THE ACCOUNTING FOUNDATIONS ¨C WHAT IS FINANCIAL INFORMATION?

Understanding the basics
Review of financial statements
~ Profit and loss account, balance sheet, cash flow
~ How they are produced, why are they needed and how they inter-relate, who are they really for?
THE COMPONENTS OF A BALANCE SHEET

Assets and liabilities
Working capital cycle
Sources of capital and funding
What does this tell you about a company
THE COMPONENTS OF A PROFIT AND LOSS ACCOUNT

Income and expenses
Why profit does not equal cash
What is EBIT and EBITDA
What does this tell you about a company
CASH FLOW STATEMENTS

How to read cash flow statements
CASE STUDY

Producing financial statements and understanding the inter-relationship
DAY 2
INTRODUCTION TO FINANCIAL ANALYSIS

How ratios can be used effectively to help you understand profitability, liquidity and gearing
Measuring financial performance ¨C using the accounts
~ Historical information vs future
~ Accruals and cashflow
~ Profit measurement
~ Effect of accounting policies
~ Creative accounting
~ Funding and gearing
~ Valuation of assets
REVIEW OF ACCOUNTING STANDARDS

The impact on the balance sheet and profit and loss account of recent accounting standards and the change to International Accounting Standards
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Adding Value with Key Management Accounting Techniques
Superior and Sustainable Financial Performance
Banking Relationships
Treasury Management
Derivatives
Technical Analysis for Treasury Management
Treasury Controls and Security
Business Strategy Workshop
Banking and Finance
Finance for Non-Finance Managers
Interpreting IFRS Accounts
Practical Budgeting
Accounting for Fixed Assets
Accounting Principles for Banking and Treasury Staff
Trade and Export Finance
Credit Control Workshop
Debt Recovery Workshop
National Insurance Contributions
Payroll Workshop

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