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Course description

Advanced Financial Accounting:

This course briefs about the Cash Budget; Statement of Profit and Loss; Balancing the Basics; Accounting for Depreciation and Bad Debts; Company Finance; Company Accounts; The Statement of Cash Flows; Interpreting Financial Statements ; Capital Structure and Investment Ratios.

Upon completion of this financial literacy training course, you will be able to understand the purpose of accounting. Why non-accountants need to understand accounting. The basic terminology of business transactions. How to prepare a cash budget. The gross profit margin of a product and business. The difference between cash and the profits of a business. That a set of financial statements can be prepared from data included a trial balance. The difference between revenue and capital expenditure and the significance of the distinction. How to prepare a simple statement of profit or loss. The purpose of a statement of financial position. The assets and liabilities in a business. What an accrual and a prepayment are and how to account for them. How to prepare a statement of financial position for a simple business. Why non-current assets need to be depreciated. How to use the straight-line and the reducing-balance methods of providing for depreciation. Why we need to provide for bad and doubtful debts. How to prepare a final adjusted statement of profit or loss and statement of financial position. Some of the limitations of a statement of financial position. 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.

Additional entry requirements

This financial literacy course 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 analyse, 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.

Course reference: AFB104 (use this when contacting provider)

Course info
Start Date: Tue 08th October 2019
Sun Mon Tue Wed Thu Fri Sat


W6 0NB


9 days


Full time


Certificate of Attendance


BeginnerIntermediate Advanced

From: £3,765

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