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How to read a Profit & Loss Account and Balance Sheet

Developed by an Industry Expert | Lifetime Access | FREE Career Guidelines Included | Free PDF Certificate


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Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
1.9 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

4 students purchased this course

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Overview

Welcome to the exciting world of financial statements! Have you ever wondered how businesses make informed decisions about their finances? Or have you ever wanted to understand the financial health of your own business or investment portfolio? If so, then this course is for you!

In this course, we will take a deep dive into the world of financial statements, and learn how to read and interpret a Profit & Loss Account and Balance Sheet like a pro. You'll be amazed at how simple it can be once you know the basics!

We know that finance can seem daunting and intimidating, but we're here to make it fun and engaging. Through a series of interactive videos, exercises and real-world case studies, you'll learn all the key concepts you need to master financial statements.

We'll start by introducing you to the world of financial statements and why they matter. You'll then learn how to read and interpret an income statement, understanding key concepts like revenue, cost of sales and gross profit. We'll also take a deep dive into the Balance Sheet, where you'll learn how to read and interpret assets, liabilities and equity.

But that's not all! In the final module, we'll teach you how to analyse financial statements using financial ratios, allowing you to assess the financial health of any business or investment portfolio.

Whether you're an entrepreneur, a business owner, or just someone looking to improve their financial literacy, this course is for you. Our engaging content and interactive learning approach will make sure you enjoy learning about financial statements as much as we do!



***You will also get these GIFTs with this course

  • Free Career Guidelines
  • Free PDF Certificate
  • Lifetime Course Access



Curriculum

1
section
13
lectures
1h 53m
total
    • 1: HTR 1 INTRO 02:51
    • 2: HTR 2 definitions 10:11
    • 3: HTR3 read a balance sheet 16:54
    • 4: HTR4 portman 11:16
    • 5: HTR5 portman balance sheet 10:43
    • 6: HTR6 grangeworth kitchens pnl 05:33
    • 7: HTR7 grangeworth kitchens bs 05:24
    • 8: HTR8 financial language 10:30
    • 9: HTR9 effects accounting adjustments 16:58
    • 10: HTR10 kpis 08:32
    • 11: HTR11 portman analysis 05:13
    • 12: HTR12 grangeworth analysis 04:09
    • 13: HTR13 conclude 04:26

Course media

Description

Students who take the "How to Read a Profit & Loss Account and Balance Sheet" course will learn the following:

  • Understand the purpose and importance of financial statements.
  • Learn to read and interpret a Profit & Loss Account, including income statements, revenue, cost of sales and gross profit.
  • Learn to read and interpret a Balance Sheet, including assets, liabilities and equity.
  • Understand how to use financial ratios to analyse financial statements.
  • Develop the skills and knowledge needed to make informed business decisions based on financial information.
  • Gain confidence in dealing with financial statements and communicating financial information to stakeholders.
  • Improve financial literacy and overall business acumen.
  • Benefit from practical exercises and case studies to apply their learning to real-world scenarios.

By the end of the course, students will have a solid understanding of financial statements and will be able to read and interpret them with ease. This will enable them to make informed business decisions and communicate financial information more effectively to stakeholders. The course is suitable for learners of all levels, whether they have prior financial knowledge or not.



Why Choose this Course?

  • Conducted by industry experts
  • Get Instant E-certificate
  • Fully online, interactive video course
  • Developed by qualified professionals
  • Self-paced learning and laptop, tablet, and smartphone-friendly
  • 24/7 Tutor Support



Who is this course for?

The "How to Read a Profit & Loss Account and Balance Sheet" course is ideal for anyone who wants to improve their understanding of financial statements and develop the skills needed to read and interpret them. This includes:

  • Business owners and entrepreneurs who want to make informed decisions about their finances and understand the financial health of their business.
  • Managers and executives who need to communicate financial information to stakeholders and make strategic business decisions based on financial data.
  • Investors who want to assess the financial health of a company before making investment decisions.
  • Students and professionals who want to improve their financial literacy and develop a deeper understanding of financial statements.
  • Anyone who wants to learn how to analyse financial statements using financial ratios.

The course is designed to be accessible and easy to understand, with no prior financial knowledge required. It covers fundamental financial concepts and gradually builds up to more complex topics. Learners of all levels and backgrounds can benefit from this course.



Requirements

No previous knowledge of How to Read a Profit & Loss Account and Balance Sheet are required to continue this course.

Career path

The "How to Read a Profit & Loss Account and Balance Sheet" course can open up various career paths and opportunities for individuals looking to enhance their financial literacy and develop their understanding of financial statements. Here are a few potential career paths:

  • Financial Analyst
  • Business Owner/Entrepreneur
  • Accountant
  • Consultant
  • Investor

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Reviews

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.