Professional Training
5.0 (10 Reviews)

Financial Accounting Essentials

1 week
3,395 GBP excl. VAT
Next course start
Enquire for more information See details
Course delivery
1 week
3,395 GBP excl. VAT
Next course start
Enquire for more information See details
Course delivery
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Course description

Financial Accounting Essentials

This course demonstrates:

  • how accounting is the system of recording financial transactions.
  • the profit and loss (P&L) statement, which summarises the revenues, costs, and expenses incurred during a specified period.

By attending this course, you will understand the purpose of the balance sheet, which is to show the financial status of an organization at a specific point in time.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Upcoming start dates

1 start date available

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  • Classroom
  • London

Suitability - Who should attend?

Target Audience

This course is suitable for:

  • New accounting staff who need to understand the financial accounting function holistically.
  • Accountancy staff with no formal qualifications.

Outcome / Qualification etc.

Learning Outcomes

Upon completion of this course, you will understand:

  • The links between accounting principles and the preparation of financial statements.
  • Definitions of the content and functions of the two key financial statements.
  • How to prepare a set of financial statements from scratch.
  • How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.

Training Course Content

Accounting Basics

  • Accounting concepts
  • Steps in the accounting cycle
  • The objectives of financial reporting
  • Financial reporting standards

The Profit and Loss Statement

  • Measurement of income
  • Types of costs and expenses
  • The many levels of profit
  • Opex and capex

The Balance Sheet

  • Constituents of the balance sheet
  • The fundamental accounting equation
  • Importance of working capital
  • Exercise – prepare a set of accounts

The Role of Financial Accounting in Decision-Making

  • Key aspects of making a decision
  • Limitations on the use of ratios
  • The end of accounting?

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Why choose London Business Training & Consulting

Management consultation service 

Paperless service delivery model

Flexible open course schedule


Course Price: £3395.00 + VAT

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Average rating 5

Based on 10 reviews.
Write a review!
Alanoud J
19 Dec 2021
Paul G
06 Mar 2020

I really appreciate every bit of training.the facilitators are very good

Paul G
06 Mar 2020
London Business Training & Consulting
One Lyric Square
W6 0NB London

London Business Training & Consulting

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1 day to 11 weeks. This includes 90-minute interactive live...

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