Lantra Understanding Your Accounts and Financial Statements

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Lantra Understanding Your Accounts and Financial Statements

in collaboration with Simply the Best Training Consultancy Ltd

WHO IS THIS FOR?

If you want to improve your skills in understanding, analysing and using the annual accounts of your business, then this Lantra training course is ideal for you. You’ll look into financial statements your accountant uses, so that you can discuss and query any financial matters with your accountant more effectively.

This course is for you, if you want to improve your skills and knowledge around financial matters, especially if you are involved in a small business, such as sole traders or partnerships.

Duration:

1 days Training

Attendees:

max. 12 per course

Venue:

This course is delivered in collaboration with Simply the Best Training Consultancy Ltd – therefore this course can take place anywhere in Wales.
If you have enough people for a full course, we are able to run this course on your site (subject to a pre-course visit).

Pre-requisites:

None

Qualification:

This is a training only course: Lantra Understanding Your Accounts and Financial Statements

CERTIFICATE TYPE:

Lantra Certificate of Attendance

COURSE OBJECTIVES:

Understand the basics of the role of an accountant
Describe financial terms common in financial statements
Examine the make-up of profit and loss accounts and balance sheets
Interpret cost of sales and overhead costs relevant to the business
Use a profit and loss account to record income and costs
Identify how to measure the profitability of a business
Define liquidity, and calculate a current ratio
Define and calculate net worth and equity-to-asset ratio
Recognise trends within their business accounts

Course Information Sheet:

Course Information Sheet – Lantra Understanding Your Accounts and Financial Statements