Understanding and Interpreting Accounts - Sessions 1,2,3 and 4

Quorum Training - A Wilmington Company
Course summary
6 hours
395 GBP excl. VAT
Online courses

Course description

Understanding and Interpreting Accounts – Sessions 1,2,3 and 4

This 6 hour CPD training course spread over 2 days delivered in smaller bite-size sessions provides participants with the core accounting principles they need to be aware of to read and analyse a set of accounts effectively. Sessions one & two aim demystify company accounts and covers basic accounting principles and explains the real meaning of accounting jargon. Session 3 and 4 applies this foundation knowledge to financial analysis skills and how to measure financial performance. The course is intended for those with no previous accounting experience who need to be able to understand and interpret a set of accounts.

CPD Hours: 6

Suitability - Who should attend?

This course would be suitable for non-financial managers and anyone who needs a foundation in financial literacy, understanding and analysing a set of financial statements.

Training Course Content

Day 1

Session 1

  • Finance Context Where and why accounts are used in organisations and the legal & business frameworks in which they operate
  • The Language of Finance A jargon -busting quiz to unpick and simplify the sometimes opaque terms used by finance professionals

Session 2

  • Balance Sheets How to create one. How we define assets and liabilities. The problems with depreciation. Examples of balance sheets in action
  • Working Capital How this is calculated, how much should a company have and how to both improve and manage it successfully

Day 2

Session 3

  • The Profit and Loss Account Profit vs. Dividends & the Cost of Sales. EBITDA and other analytical measures of profitability. Types of margin. Live examples of company P&Ls.
  • Operating Cash Cycle The need for money and its effect on the product life cycle

Session 4

  • Cash-flow Statement–  Layout of statement. Free Cash flow and Reconciliation of Operating Profit to Net Cash Inflow
  • Summarise Opportunity for final questions around your learning and making commitments to yourself and your team for the future

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About provider

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals, covering such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...

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Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London

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