Understanding Business Accounts

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.

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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.

Award and Associated Qualifications

Awarded 9 CPD points upon successful completion

Start Date

Flexible

Study Type

Blended, distance learning, in centre

Training Type

course

Duration

Around 10 to 12 hours

Request your Course Factsheet

For further information and pricing please fill in your details below and we will get back to you as soon as we can. Or, call the team on 0161 907 6724.

About this course

This course – designed to help you understand the principles of business accountancy - also covers part of the syllabus for the ITEC Business Competence Level 3 unit qualification.

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 completed a workbook to keep as a handy reference guide and will be entitled to feature 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.

There are five lessons in this course: -

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.

Aims and Objectives

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.

Pre-Requisites

There are no pre-requisites required for this course.

Finance Options

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: - 

 

Self-Funded: 

  • Flexible payment plans to help you spread the cost* available at many of our centres;
  • You could opt to pay upfront.

 

 

Company Funded:

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:

  • Providing a comprehensive training programme outlining learning outcomes
  • Tailored personnel letters
  • Communication with finance departments to arrange payment options (upfront or payment plan*).

* Terms and Conditions apply. Speak to a Course Advisor for full information on the options available to you.

 

 

Career Path

If you're keen to work in business and need to get a grasp of business critical information then this is a great course. It's great if you're aspiring to work as a PA or EA as possessing a full all-round awareness of business performance can help you provide a more enhanced service in such roles. 

Looking for prices?

Request more details or call the team on 0161 907 6724

Download a Course Factsheet Now!

Simply enter your details below to download a copy of the course details straightaway. 

Whats the difference?

We offer a range of training packages in a range of subject areas and can offer blended learning opportunities to best meet your needs.

Course

Our courses are practical in nature and focus on a single subject and can last anywhere from a few hours to a few days.

Diploma

Diplomas are designed to give you a complete skillset mapped to a specific career path and contain a number of core and elective courses.

Ready to improve your career?

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0161 907 6724

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