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Understanding Financial Statements

Understanding strengths and weaknesses in company accounts is a vital skill. This comprehensive, enlightening workshop starts from the very basics and builds up to in-depth accounts analysis enabling delegates to make more informed decisions on businesses they are dealing with or looking to get involved with

Course Objectives

  • To build your confidence in looking at figures in financial statements and understanding their meaning and true worth
  • Looking at key accounting ratios and knowing what they say
  • Being aware of off balance sheet items and what they mean
  • Spotting hidden dangers and being aware of possible company failure

Course Designed For

Anyone who wants a better understanding of company accounts and accounting ratios whether they are buyers, sales people, credit managers, credit risk underwriters or investors

Understanding Accounts

  • Gathering information on limited companies, sole traders and partnerships
  • Understanding the balance sheets
  • Understanding the profit and loss account
  • Filing requirements
  • Glossary of terms

Accounts Analysis for Making Informed Decisions

  • Analysing company accounts
  • Working with key ratios
  • Applying a score to ratios
  • Making quick interim decisions
  • Longer term decisions
  • Commercially minded credit decisions

In-depth Accounts Analysis

  • Measures of performance
  • Measures of financial status
  • Working capital use
  • Getting behind the figures
  • Main headings / sub headings
  • The cash flow statement
  • Spotting warning signs
  • Bad debt autopsy

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