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Key details

Mode of delivery: Classroom-based

Course code: AFB21B

Duration: 1 day

Fee: £915.00 + VAT

CPD Hours: 6

Course Overview

This session covers the essentials of the profit or loss statement, including its standard format and how income, expenses, and profits are measured and reported. Participants will learn to differentiate between operational expenses (OPEX) and capital expenditures (CAPEX), understanding their impact on financial statements and organisational decision-making.

Agenda

The Profit and Loss Statement

The format of legal accounting statements
Measurement and reporting of income, expenses, and profit
Understanding the differences between opex and capex

Course Review

Summary and recap of key learning objectives
Action planning

Target Audience

This course is suitable for:

Finance Officers and Assistants
Junior to Mid-Level Accountants
Business Analysts
Budgeting and Planning Professionals
Operational Managers seeking financial skills
Newly appointed Finance Managers
Non-finance professionals who need to understand financial documents
Small business owners and entrepreneurs looking to improve financial literacy
Public sector and NGO staff with budget or financial oversight roles

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

Recognise the legal format and structure of financial statements.
Measure and report income, expenses, and profit accurately using appropriate methods.
Distinguish clearly between operating expenditure (OPEX) and capital expenditure (CAPEX).