UNDERSTANDING AND ANALYSING ACCOUNTS COURSE

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Who this course is for

Our accounts analysis course is beneficial for anyone whose role requires them to assess the financial performance of their own or other organisations. Whether you are involved in selecting financially sound suppliers,  benchmarking your business’s financial performance against your competitors or regularly need to analyse accounts for any other purpose, this course will be extremely useful.

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Course objective

This course covers the key questions to ask when analysing financial data to provide a true, detailed understanding of the financial statements 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.

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Practical Information

Course cost varies depending on requirements. Training is delivered at your office or your chosen location.
Duration is typically 1-2 days depending on chosen topics.
If you would like any other topics covered as well as/instead of those listed below, we can customise this course to your requirements.

Simulation in training

Course Overview

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.

Course Content

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

Why Work With Complete Financial Training?

We are the home of specialists in financial and commercial learning.

We work with organisations to improve their people’s financial and commercial acumen, thereby improving your business’ financial health and helping you to create the opportunities to invest in the things that you care about most.

At Complete Financial Training, we can work closely with you to assess the learning requirements of your business, develop a bespoke learning pathway for your people and provide them with the financial and commercial knowledge and tools that they need to help drive the continued success of your business.

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I have far more insight into the effect that decisions I make will have on the company. The post-course mentoring was very useful.
ParticipantMcCormick & Company

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