Understanding and Using Financial Statements

This course is suitable for:

Private Limited Company small business owners. Small being defined as Turnover of less than £1m per annum, and normally if you are 5 director/employees or less.
Accounting students
Professional Accountants looking for CPD – all our courses are CPD verifiable.
Or anyone interested in understanding small company financial statements

Ultimately, this course should do one or a combination of the following for you:

Reduce your pain points
Increase your pleasure in reviewing and interpreting financial statements
Improve efficiency and save time
Improve your decision making capability
Legitimately save you tax

Materials

Course Content

Introduction

What is financial accounting?

What is the accounting equation?

Double Entry Accounting

The Trial Balance

Why do we need financial statements?

The Income Statement (Profit & Loss account)

The Statement of Financial Position (Balance Sheet)

The Cash Flow Statement (Direct Method)

Accounting Standards and Principles

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About Instructor

Adam Hill

ICAEW qualified accountant, with over a decade of experience working in accounting and tax and managing a wide variety of clients, I now enjoy sharing my knowledge and helping business owners to really know their numbers with a particular focus on tax planning for individuals and SME's. Outside of work I enjoy spending time with family and walking my dogs

13 Courses

Course Content

About Instructor

Adam Hill

Course Includes

Responses