UNDERSTANDING AND ANALYSING ACCOUNTS COURSE
Who is this course for?
Our accounts analysis course is beneficial for anyone whose role requires them to assess the financial performance of their own or other organisations. Within this, we cover the key questions to ask when analysing financial data. Whether you are involved in selecting financially sound suppliers, assessing the financial viability of customers, benchmarking your business’s financial performance against your competitors, considering selling or acquiring a whole/part business or regularly need to analyse accounts for any other purpose, this course will be extremely useful.
The published statutory accounts or internal management accounts can give some excellent information about the financial performance of a business. Although if you only read this information at face value, it can give a misleading impression. A true, detailed understanding of the financial statements is crucial when it comes to making important decisions about which direction your business moves in, which supplier to work with, what the financial position of potential customers looks like, who to lend money to and so on.
This course covers a comprehensive review of the financial statements, digging deeper into the numbers, considering how the numbers may have been manipulated to create a particular impression as well as the limitations of the accounts that it is important to be aware of. Participants on this practical accounts analysis course will be encouraged to create a personal action plan at the end to consider how they will turn elements of the course into reality once they are back in their work environment to maximise their learning.
The need to be able to understand and analyse accounts stretches across a variety of roles within an organisation. As with all our financial training courses, we can tailor this course to your company and employee objectives. Please contact us to discuss your exact requirements – we are more than happy to incorporate other aspects of finance if required.
- Accounts structure and terminology
- Analysing the key elements of a Profit and Loss Account (Income Statement) including sales, gross profit, operating profit, EBITDA(R) and ratios.
- Undertaking a similar analysis of the component parts of the Balance Sheet (Statement of Financial Position) and the relevant financial performance ratios.
- Consideration of how the statements may be manipulated and the effect on the numbers including areas such as accounting adjustments, depreciation and amortisation, timings of key decisions, organisational policies and culture
- Using trends as a technique to analyse performance
- Limitations of the information available from the financial statements and knowing the right questions to ask in order to probe the facts behind the figures
The Trainers understand our business and needs so well that it is like they are part of our team rather than external Trainers.
Practical examples ensured that all delegates were involved in the learning process.
People like what they are seeing. We can look within the business and see that the financial and commercial acumen has improved.
I have a much better understanding of Greene King’s finances.
The Trainer was dynamic, open, friendly but professional. This course provided great value to our organisation.
The course raised my awareness significantly and provided me with the tools to evaluate the financial strength of our suppliers and clients.
Phil quickly understood my own development needs whilst also understanding how they fit into the wider financial context. This was invaluable.
Excellent – I’m amazed by how much I’ve learnt about the accounts and how they can be used in decision making.
I am getting more involved with the financial elements of projects and this has given me far more confidence in that respect. The trainer was very open and approachable.
The practical nature of this course was extremely helpful and incredibly well focused to our needs, engaging me from beginning to end.