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Understanding Business Accounts

Classroom course with study materials and tutor support included.


Pitman Training Colchester

Summary

Price
£199 inc VAT
Study method
Classroom
Duration
6 Hours, Part-time
Qualification
9 CPD points / hours
Additional info
  • Tutor is available to students

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Location & dates

Location
Start date
End date
12/02/2020
12/02/2020

End date: 12/02/2020

Additional info: 9.30am to 4.00pm

Address
Pitman Training - Colchester
2 St Johns Wynd
COLCHESTER
Essex
CO11WQ
29/04/2020
29/04/2020

End date: 29/04/2020

Additional info: 9.30am to 4.00pm

Address
Pitman Training - Colchester
2 St Johns Wynd
COLCHESTER
Essex
CO11WQ
15/07/2020
15/07/2020

End date: 15/07/2020

Additional info: 9.30am to 4.00pm

Address
Pitman Training - Colchester
2 St Johns Wynd
COLCHESTER
Essex
CO11WQ
28/10/2020
28/10/2020

End date: 28/10/2020

Additional info: 9.30am to 4.00pm

Address
Pitman Training - Colchester
2 St Johns Wynd
COLCHESTER
Essex
CO11WQ

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.

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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