Course description
This course is designed to help you understand the principles of business accountancy.
Comprising five lessons, our business accounts training is designed to help you understand balance sheets, profit and loss (P&L) accounts including stock-taking, depreciation, capital and revenue expenditure. You will also learn about accruals and the role of capital and reserves. The final lesson considers profit margins, analysing a profit and loss account and how to make comparisons on financial statements.
This is a fully flexible self-study programme, which means you can organise your training around your existing work and home commitments. There’s also a course advisor on hand to help out when you need it.
Once you've completed your training in understanding business accounting, you'll have the prestigious Pitman Training name on your CV.
Should you wish to progress your learning further, you could consider Costing and Pricing, or one of our many diplomas, which have the potential to transform your skills and career.
Upcoming start dates
Suitability - Who should attend?
Is this for you?
This course has a wide appeal. It is ideal for those who wish to start their own business, those looking for work as well as employees who wish to learn more about how to understand business accounts.
Pre-Requisites
There are no pre-requisites required for this course.
Outcome / Qualification etc.
The aim of this course is to fully understand the two most commonly used financial statements in business – a balance sheet and a profit & loss account.
Training Course Content
- 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.
Continuing Studies
If you're keen to work in business and need to get a grasp of business critical information then this is a great course.
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