On completion of this course, participants will be able to understand their financial statements.  Specifically they will be able to:-

• Understand what the balance sheet, profit and loss account and cashflow statement say about business performance
• Understand and use management accounts to assess and manage internal financial performance in line with company goals.

Course Programme

• Introduction to accountancy and different types of accountants
• Busting financial jargon
• Financial accounts
• Financial accounting versus management accounting
• Investment and financing cycle
• The trading cycle
• Cash versus profit
• The cashflow statement
• Concepts underlying the financial statements
• Brief introduction to using ratio analysis to examine in depth the performance of the business in terms of liquidity, operational efficiency, profitability and return on investment
• Tips for dealing with your accountant