Advanced Financial Accounting

Description

Target audience

  • Those who wish to understand the implications of decisions made across a range of financial accounting issues.
  • Those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context.
  • Those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world.
  • Non-accounting staff who desire a practical introduction to the fundamentals of financial accounting.

What you will learn

Upon completion of this course, you will be able to understand:

  • The purpose of accounting.
  • Why non-accountants need to understand accounting.
  • The basic terminology of business transactions.
  • How to prepare a cash budget.
  • The gross profit margin of a product and business.
  • The difference between cash and the profits of a business.
  • That a set of financial statements can be prepared from data included a trial balance.
  • The difference between revenue and capital expenditure and the significance of the distinction.
  • How to prepare a simple statement of profit or loss.
  • The purpose of a statement of financial position.
  • The assets and liabilities in a business.
  • What an accrual and a prepayment are and how to account for them.
  • How to prepare a statement of financial position for a simple business.
  • Why non-current assets need to be depreciated.
  • How to use the straight-line and the reducing-balance methods of providing for depreciation.
  • Why we need to provide for bad and doubtful debts.
  • How to prepare a final adjusted statement of profit or loss and statement of financial position.
  • Some of the limitations of a statement of financial position.
  • The nature of a limited company.
  • The main external sources of finance available to limited companies, and their characteristics.
  • The role of a stock exchange.
  • The reporting requirements placed upon the directors of a company.
  • How to prepare a statement of profit or loss and a statement of comprehensive income for a limited company.
  • How to prepare a statement of financial position for a limited company.
  • The purpose of a statement of changes in equity.
  • The importance of reliable corporate governance.
  • The crucial importance of cash to a business.
  • The difference between profit and cash.
  • How to prepare a simple statement of cash flows.
  • Who uses financial statements and what their needs are.
  • How to calculate and interpret ratios that enable you to comment on a business’s profitability, liquidity, and efficiency.
  • How to calculate and interpret ratios that enable you to comment on a business’s capital structure, investment returns, and performance.
  • The limitations of ratio analysis.

Further information

London Business Training & Consulting (LBTC)
Provider:
London Business Training & Consulting (LBTC)
Duration:
9 Days
Price:
£4,645 (ex VAT)
Availability:
Scheduled dates
Course type:
Classroom
Locations:
Dubai, London

Contact Information

London Business Training & Consulting (LBTC)

ONE LYRIC SQUARE
Hammersmith
London
W6 0NB

Credentials

Locations