Both the published statutory accounts and internal management accounts can give valuable information about the financial performance of a business. The danger is that if you take these financial reports at face value, it can give a misleading impression.

An objective, well-considered understanding of the financial statements is crucial when it comes to making important decisions about which direction your business moves in. This could be deciding which supplier to work with, determining what the financial position of potential customers looks like or recommending who to lend money to and much more. Our Understanding and Analysing Company Accounts course covers a comprehensive review and analysis of the financial statements. It also provides essential guidance on what to look out for in the annual report and which Notes to the Accounts are important to review.

During this course, you will dig deeper into the numbers using robust ratio analysis, identifying and assessing the financial strengths and weaknesses of the business. Your team will consider how accounting policies and procedures may have been carefully selected by the company to create a particular impression as well as learning the limitations of published accounts that it’s vital to be aware of. Through trend analysis, benchmarking and applying the results to the way the business operates, you will have the tools and confidence to make sound business decisions and recommendations.

All of your people who attend our practical Understanding and Analysing Company Accounts course will be encouraged to create a personal action plan at the end. This will guide them in applying everything learned during the course to their own work environment, resulting in robust, hands-on application.