Introduction to Company Accounts (short course)
Why study this course?
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'll 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. The focus is on defining accounting terms and explaining key concepts so that you'll be able to read an annual report with confidence. Delegates will acquire fundamental tools for understanding and interpreting company accounts.
The course is assessed through in-class mini tests and exercises.
The course is ideally suited to both graduates and non-graduates recently joining the financial services industry. Participants will have little knowledge of the subject and need to have an understanding of financial statements and the information that they contain, company annual reports and financial statements.
The course will cover the following topics:
- how accounts work: the objectives of accounts, sources of regulation: Financial Reporting Standard (FRSs) and Companies Act; principles underlying financial reporting, accruals and matching, and prudence
- the contents of published accounts
- recording transactions: use of double entry and deriving the accounting equation
- financial statements
- linking the statements together: profit versus cash: Retained profit and loss reserves
- accounting jargon: tangible and intangible assets, depreciation, current assets, liabilities, shareholders' equity, sales, earnings before interest and taxes (EBIT) and net income, earnings before interest, taxes, depreciation, and amortisation (EBITDA), retained profit, and operating cash flow
How to apply
To apply for this course, download and complete our Short Course Application Form and send the completed form to Angele Cauthery at firstname.lastname@example.org. Once your application has been processed and you've been accepted, you'll receive an email with further instructions and information, including payment options.
When to apply
The course has no official closing day but to avoid disappointment delegates are advised to book early.