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Key details

Mode of delivery: Online Course

Course code: AFB21BO

Duration: 1 day

Fee: £732.00 + 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, Accounts Assistants, Accounting Technicians, and Junior Accountants
New Finance Professionals, Administrators, and Accounting Support Staff
Non-Finance Managers, Team Leaders, and Supervisors who need to understand financial statements
Business Analysts, Budget Assistants, and Planning Support Professionals
Operations, Project, HR, and Department Managers involved in budgeting or cost control
Entrepreneurs, Small Business Owners, and Start-Up Founders managing business finances
Public Sector, NGO, and Non-Profit Staff with budget or financial oversight duties
Professionals preparing for accounting, finance, and or management 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).