Understanding Company Accounts

Content

• Reporting profit and loss and the key measures of profit such as gross profit, earnings, and EBITDA
• Reading and understanding the balance sheet and understanding how it relates to the valuation of the entity.
• Cash flow statements and the difference between accruals accounting and cash flow. What is meant by the terms, ‘cash’, ‘cash equivalents and ‘debt’?
• The regulation of accounts for companies and other entities such as LLPs and the obligations imposed on directors, officers, and managers.
• Latest key issues and developments

Practical work and case studies

• Case study review of listed company financial statements and assessment of company valuation
• Identification of key financial performance indicators and calculation of important financial ratios such as ‘gearing’
• Practical examples of matters of judgment and uncertainty such as timing of reporting revenue and valuation and recognition of estimated liabilities (provisions)
• Quiz – key accounting finance terms and issues such as what ‘off-balance sheet’ really mean!

A one-day course for those with no background knowledge in accounts who want to understand the fundamentals of company financial statements (the Profit and Loss Account, the Balance Sheet and the Cash Flow).

We have received feedback from our delegates stating that while they appreciate the convenience of online learning, they miss the chance to interact with staff and peers in person. Therefore, we have designed our approach to prioritise interactive, in-person, on-campus teaching. However, we also offer online and in-person courses, so you can choose the mode of learning that suits you best, based on your preference.

In-house courses for staff

Our courses are delivered by our approved expert trainers. These sessions are perfect for groups of staff that require the same training and can be organised:

• at your offices
• at an external location of your choosing
• as an online session.

We can provide training on more advanced aspects of financial reporting, such as: Understanding and interpreting financial statements – basic and advanced and entity-specific courses (such as Insurance or Health Care companies)

For more information, contact Sadiq Islam at sadiq.islam@uws.ac.uk or +44 (0)7904031720