Key details
Mode of delivery: Classroom-based
Course code: AFB23A
Duration: 3 days
Fee: £2,735.00 + VAT
CPD Hours: 18
Course Overview
This course provides an essential introduction to accounting principles, including the purpose and structure of accounting records and the significance of financial reporting standards. Participants will learn how to prepare and interpret key financial statements, such as the profit and loss statement and the balance sheet. The course emphasises understanding how to measure income, expenses, and profit, as well as managing working capital to ensure financial stability and support informed decision-making.
Agenda
Day – 1 Accounting Basics
- An introduction to accounting
- The purpose of, and format of accounting records
- Why we use financial reporting standards
Day – 2 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
Day – 3 The Balance Sheet
- How to construct a balance sheet
- How to use the accounting equation
- The importance of working capital
Course Review
- Summary and recap of key learning objectives
- Action planning
Target Audience
- 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:
- Understand the basic principles and concepts of accounting.
- Explain the purpose and format of accounting records and their importance in business.
- Identify the role and benefits of Financial Reporting Standards in ensuring consistency and comparability.
- 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).
- Construct a balance sheet and understand its key components.
- Apply the accounting equation (Assets = Liabilities + Equity) to real-world scenarios.
- Significance of working capital in maintaining business liquidity and operational efficiency.
Course dates
Categories
Similar Courses
