Course overview
This training workshop demonstrates:
- how accounting is the system of recording financial transactions.
- the profit and loss (P&L) statement, which summarises the revenues, costs, and expenses incurred during a specified period.
By attending this training workshop, you will understand the purpose of the balance sheet, which is to show the financial status of an organisation at a specific point in time.
What you'll learn
Upon completion of this training workshop, you will understand:
- The links between accounting principles and the preparation of financial statements.
- Definitions of the content and functions of the two key financial statements.
- How to prepare a set of financial statements from scratch.
Study method
- In-class
- Blended
- Online
coursesonline.co.uk customers are now eligible to apply for an XO Student Discount Card.
Enrol in a course today to unlock exclusive deals.
Duration study load
- 3 days
Course features
- Management consultation service
- Paperless service delivery model
- Flexible open course schedule
Who's it for?
This training workshop is suitable for:
- New accounting staff who need to understand the financial accounting function holistically.
- Accountancy staff with no formal qualifications.
Subjects
- Accounting concepts
- Steps in the accounting cycle
- The objectives of financial reporting
- Financial reporting standards
- Measurement of income
- Types of costs and expenses
- The many levels of profit
- Opex and Capex
- Constituents of the balance sheet
- The fundamental accounting equation
- Importance of working capital
- Exercise – prepare a set of accounts
- Key aspects of making a decision
- Limitations on the use of ratios
- The end of accounting?
- Summary and recap of key learning objectives
- Action planning
About London Business Training & Consulting
London Business Training & Consulting (LBTC) is a business and management training and consultancy service provider operating out of its head office in Hammersmith, West London. For over fifteen (15) years LBTC has catered for the learning & development needs of innumerable individuals and organisations of all sizes from all over the world.
Our customised approach to every management solution we deliver has afforded our clientele world-class business performance. As a result, LBTC benefits from regular re-engagement by our clients year after year, or every time they encounter a business challenge that is seemingly insurmountable.
