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Understanding Business Accounts

The Understanding Business Accounts training course is available at the Edinburgh, Glasgow, Aberdeen and Inverness Pitman Training Centres or via Online Distance Learning through our Pitman Campus.

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; are considering setting one up or need to learn more about company accounts for your current of future role.

Course Duration:  8 – 10 hours

CPD Points: 9

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Lesson One – Including: Fixed and current assets, debtors and creditors, the accounting equation. capital and reserves, the purpose and layout of a balance sheet

Lesson Two – Including: The purpose of a profit and loss account, the importance of stock-taking, depreciation, capital and revenue expenditure

Lesson Three – Including: Accruals, provisions, prepayments, the role of capital and reserves

Lesson Four – Including: The importance of the profit and loss account, calculating profit at various levels

Lesson Five – Including: The meaning of profit margins, making comparisons on financial statements, analysing a profit and loss account

This course is designed 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

To cover part of the syllabus for the ITEC Business Competence Level 3 unit qualification

There are no prerequisites for this course

Flexible Workforce Development Fund (FWDF)

Claim up to £15,000 for Training your employees

This fund provides Levy Paying Companies an opportunity to up-skill or re-skill Employees and in turn, support economic growth.

Eligibility Criteria:

  • You must be a Levy Paying Employer
  • The Company must be based or operate in Scotland, wholly or partially
  • Employees must reside in Scotland

For more information on applying for this funding, contact our Course Advisors by clicking below:

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A funded training opportunity is now available to those facing redundancy or those who have been made redundant from March 2020 onward.

The National Transition Training Fund aims to tackle the rise in unemployment caused by Covid-19 by offering short sharp training opportunities for people to learn in-demand skills.

If you are currently under threat of redundancy, or have been made redundant at any time from the 1st March 2020 and are aged 25 or over, you can access an industry recognised qualification to help you gain employment.

For further information on how to proceed then contact us referencing the course(s) you are interested in.

For more information on this or any of our courses complete the form

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