4 training courses found
Learn how to understand debits and credits. By the end of this course you will understand the principles of double-entry book keeping and be able to post journals with confidence.
Our Accounts Payable Course will help you to process your supplier invoices accurately and more effectively. Course content Introduction to AP: An overview of your role in the Finance department Month end, year end, management accounts and what the auditors do Checks and controls: matching invoices to purchase orders, authorising, coding and posting invoices, Processing expense claims and credit card statements Capital and revenue expenditure Introduction to VAT, non-deductible items, pro-forma invoices, VAT payment schedules, settlement discounts Reviewing the Aged Creditors Analysis, identifying and correcting posting errors, Supplier statement reconciliations.
Objectives To help you find your way around a set of statutory (published) company accounts, understand the audit report, balance sheet, profit and loss account and cash flow statement and interpret the financial statements published by your customers, suppliers and competitors. Course content The difference between management accounts and statutory accounts What to look for in an audit report What are the basic accounting concepts The profit and loss account and the five profit figures: PBIT/EBIT, EBITDA, PBT/EBT, PAT and retained profit Understanding the balance sheet: fixed assets and depreciation, stock, debtors, cash, creditors, capital and reserves The working capital cycle Cash flow statement – why profit does not equal cash Turnover, profit margins and trends Financial ratios: liquidity & current ratio, how to calculate these and when to use them The importance of return on equity (ROE) and return on capital employed (ROCE) You will review many different sets of accounts – from small companies through to plcs - to ensure you know how to apply each concept to real world situations.
Finance for Non-Financial Managers is designed to be as practical and realistic as possible and uses real budget reports, case studies, and management accounts to equip you with essential financial skills that can be used immediately you return to the office! Objectives: To gain a good understanding of financial principles, to enable you to manage budgets and costs and improve the margins and profitability of your business. Course content Understanding profit and loss accounts, balance sheets and cash flow forecasts Working capital - what it is and why it is important Key management ratios: operating margin, ROCE, ROE, debt/equity How to prepare better budgets and forecasts How to improve your margins Controlling costs: ten tough questions to ask Management accounts: what to look for and questions to ask An introduction to financial KPIs Outcomes: You will have a good understanding of the P&L account, balance sheet and cash flow statements, be able to calculate key financial ratios and know when to use them and confidently review management accounts and budgets.