For a business, nothing is more important than its finances. This course will provide you with a good understanding of business accounts – essential knowledge if you run a small business.
Start DateFlexible
Study TypeIn centre, online, or a combination
Training TypeCourse
DurationAround 10 to 12 hours
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.
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.
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.
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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.
There are no pre-requisites required for this course.
Wherever possible our training is tailored to your needs. The cost of our training programmes depend on the course(s) you choose and varies according to duration and breadth. Rest assured we have a number of payment options available to ensure the cost of training is affordable and can be worked alongside your other financial commitments. Common ways people fund their training include: –
Requesting funding from your employers needn’t be a daunting task. Many employers support and encourage their employees with their professional development and consider it a worthwhile investment to fund any training required.
What we can help with:
Funding & Grants:
There may be the opportunity to apply for funded grants that can help towards the cost of training. These include the Skills Development Scotland ITAs and the ReAct programme in Wales. All schemes will have different terms and conditions that will need to be met in order to qualify for a grant and these are managed by each individual centre.
We’d recommend you speak to a Course Advisor in your local centre to find out whether they are registered to offer any such schemes and discuss your requirements further.
* Terms and Conditions apply. Speak to a Course Advisor for full information on the options available to you.
If you’re keen to work in business and need to get a grasp of business critical information then this is a great course.
We offer a range of training packages in a range of subject areas and can offer blended learning opportunities to best meet your needs.
Our courses are practical in nature and focus on a single subject and can last anywhere from a few hours to a few days.
Diplomas are designed to give you a complete skillset mapped to a specific career path and contain a number of core and elective courses.
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Invaluable for anyone responsible for accounts or setting pricing within a business, this short course is something we’re sure you’ll get true value from.
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