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Understanding Business Accounts

Pitman Training Group
Course summary
12 hours
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Bishop's Stortford
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Course description

Understanding Business Accounts Course

This short 12-hour course in Understanding Accounts is ideal for those who require a working understanding of accounts and bookkeeping without investing in a long term education in accountancy. This self-paced course will provide individuals with a comprehensive introduction to accountancy terms and techniques for interpreting financial statements.

The learning outcome for this course is to help you how to read and interpret accounts in 5 key lessons covering:

  • Lesson One:Fixed and current assets, debtors and creditors, the accounting equation. capital and reserves, the purpose and layout of a balance sheet
  • Lesson Two:The purpose of a profit and loss account, the importance of stock-taking, depreciation, capital and revenue expenditure.
  • Lesson Three:Accruals, provisions, prepayments, the role of capital and reserves.
  • Lesson Four:The importance of the profit and loss account, calculating profit at various levels.
  • Lesson Five:The meaning of profit margins, making comparisons on financial statements, analysing a profit and loss account.

At the end of the course, you’ll take an exam leading to a valued Pitman Training certificate and this course also covers part of the syllabus for the ITEC Business Competence Level 3 unit.

Suitability - Who should attend?

This Understanding Accounts course is designed for those who would like an introductory understanding of accounts and bookkeeping. Individuals who are self-employed as well as non-financial manages may find this course to be particularly useful.

Outcome / Qualification etc.

Upon completion, delegates of this course will be awarded a nationally recognised Pitman Training certificate.


Contact Pitman Training for more information and pricing information.

About provider

Pitman Training offers a unique combination of benefits to students, giving them a training experience that will boost confidence and enhance skills, whether you are interested in secretarial, Microsoft Office, keyboard skills, book-keeping and accounts or IT training. Sir Isaac Pitman...

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Pitman Training Group

Fairfax House, Walkers Court, Audby Lane
LS22 7FD Wetherby

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