Introduction to Company Accounts

This one-day course is designed to provide 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. No prior knowledge of company accounts is assumed.

This course will examine how accounts work and will enable delegates to understand accounting jargon. It is designed for beginners to provide an understanding of the primary financial statements and other main contents of published annual company accounts.

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What is covered in this course?

This course will be of benefit to those who work with financial statements and need to understand the basic aspects of the information that they contain, and those looking to gain a basic understanding of a company's annual report and financial statements, without having to analyse the information in detail.

How do Accounts Work?

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

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

Accounting Jargon

Tangible and intangible assets
Depreciation, Current assets and Liabilities
Shareholders' equity, EBIT and net income
Retained profit and Cashflow

Please Note: Each delegate will leave the course with an action plan for the workplace

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