Financial Accounting - Level 2

General

Program Description

Financial Accounting – Level 2

Key Information

  • Course Code: AFB104B
  • Duration: 5 days
  • Fee: £2675

Course Outline

Company Finance

  • The nature of limited companies
  • Share capital
  • The stock exchange
  • Venture capital
  • Loan capital and debentures
  • Retained profits
  • Reporting requirements

Company Accounts

  • The statement of profit or loss
  • The statement of changes in equity
  • The statement of financial position
  • Intangible assets
  • Revaluing assets
  • The statement of comprehensive income
  • Corporate governance

The Statement of Cash Flows

  • Sources of cash flow
  • Non-current assets and the statement of cash flows
  • Movements in working capital
  • Tax, interest, and dividends
  • What to look for in a statement of cash flows
  • Managing cash

Interpreting Financial Statements

  • Ratio analysis
  • The pyramid of ratios
  • Probability ratios
  • Liquidity ratios
  • Control of working capital
  • The working capital cycle

Capital Structure and Investment Ratios

  • Capital structure
  • Investment ratios
  • Limitations of ratio analysis

Target audience

This accounting training is suitable for:

  • 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 analyze, 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.

Learning outcomes

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

  • 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.

What is Included:

  • 30 hours of classroom-based training
  • Apple iPad
Last updated Mar 2020

About the School

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all o ... Read More

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all over the world. Read less