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.
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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.
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Duration study load
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.
Steps in the accounting cycle
The objectives of financial reporting
Financial reporting standards
The Profit and Loss Statement
Measurement of income
Types of costs and expenses
The many levels of profit
Opex and Capex
The Balance Sheet
Constituents of the balance sheet
The fundamental accounting equation
Importance of working capital
Exercise – prepare a set of accounts
The Role of Financial Accounting in Decision-Making
Key aspects of making a decision
Limitations on the use of ratios
The end of accounting?
Summary and recap of key learning objectives
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Get the course guide
Course fees – £2,035+ VAT
No government funding available for this course
Find out more about the payment options for this course
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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.
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