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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

ITA (Individual Training Account) funding may be available for this course subject to eligibility. Please contact us for more information.

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