This course explains the fundamentals of accounting and how they are used to produce financial statements.
The course will also include a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
- Accounting concepts
- 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
- Industrial visit to a relevant organization.
- An insight into the internal working of companies.
- An opportunity to learn through interaction with practising professionals.
- Summary and recap of key learning objectives
- Action Planning
This course is suitable for:
- New accounting staff who need to understand the financial accounting function holistically.
- Accountancy staff with no formal qualifications.
Upon completion of this course, 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.
- A practical perspective into contemporary work practices in your field.
- How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
£3395 + VAT