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Understanding Business Accounts

Online course with study materials and tutor support included.

Pitman Training Essex and Suffolk

Summary

Price
£359 inc VAT
Study method
Classroom + online
Duration
10 hours · Part-time
Qualification
No formal qualification
CPD
9 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students
4 students enquired about this course

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Location & dates

Location

Address
Pitman Training - Chelmsford
2 St Johns Court, Moulsham Street
CHELMSFORD
Essex
CM20JD
United Kingdom
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Overview

This course is designed to help you understand the principles of business accountancy.

Comprising five topics, our business accounts training is designed to help you understand balance sheets, profit and loss (P&L) accounts including stock-taking, depreciation, capital and revenue expenditure. You will also learn about accruals and the role of capital and reserves. The final lesson considers profit margins, analysing a
profit and loss account and how to make comparisons on financial statements.

CPD

9 CPD hours / points
Accredited by The CPD Standards Office

Description

This course is designed to give managers with budget or Profit & Loss responsibility a full understanding of their accounts packs, financial terms and to improve the effectiveness of communication with finance colleagues.

Topic One: Fixed and current assets, debtors and creditors, the accounting equation. capital and reserves, the purpose and layout of a balance sheet

Topic Two: The purpose of a profit and loss account, the importance of stock-taking, depreciation, capital and revenue expenditure.

Topic Three: Accruals, provisions, prepayments, the role of capital and reserves.

Topic Four: The importance of the profit and loss account, calculating profit at various levels.

Topic Five: The meaning of profit margins, making comparisons on financial statements, analysing a profit and loss account. Understanding financial performance indicators.

Who is this course for?

This course has a wide appeal. It is ideal for those who wish to start their own business, those looking for work as well as employees who wish to learn more about how to understand business accounts.

Requirements

This course has no prerequisites.

Career path

If you’re keen to work in business and need to get a grasp of business-critical information then this is a great course. It’s great if you’re aspiring to work in a management role as possessing a full all-round awareness of business performance can help you provide a more enhanced service in such roles.

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

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.
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