Understanding Financial Statements

£1,150

12 weeks (6pm-9pm)

Buchanan House, 30 Holborn, London, EC1N 2LX

An introduction to the basics of financial accounting, this course examines the nature of double-entry accounting, its operation, regulation and required presentation. Start in September 2019 or February 2020!

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Get a complete overview of the key principles of financial accounting with this course. You’ll develop the ability to succeed in a finance or accounting position within any organisation.

Course Overview

The course covers all the essential topics required to successfully complete financial statements. This includes an outline of how double entry accounting works, how to use it, its regulations, and how it must be presented in order to meet UK and international financial reporting standards.

By the end of this course you will be able to:

Define and explain how financial accounting is used in a company
Use an accounting system to document business transactions
Comprehend the key rules of a double entry bookkeeping system
Follow and complete bookkeeping up to trial balance (including adjustments)
Explain, draw up, and interpret basic financial statements (including ratio analysis)

Who is it for?

You should take this course if you are a working professional who needs to use finance or would like to begin a role which involves finance.

Course content

Accounting, An Introduction
The Accounting Equation and the Balance Sheet
The Trial Balance and Final Accounts
Adjustments to Final Accounts
Errors and incomplete records
Cash flow statements for companies
Limited company accounts
Interpretation of Financial Accounts

Core reading

Dr Atrill, P. and McLaney, E.J (2012), Accounting and Finance for Non-Specialists (8th Ed), Pearson
Drury, C. (2008) Management and Cost Accounting. (8th Ed), Cengage South Western

Entry requirements

Education - Undergraduate degree or equivalent Higher Education qualification, or relevant work experience
English language - Common European Framework (CEF) Level B2* or equivalent (all teaching and learning materials are provided in English only)

*Please note those with a B1 level of English and relevant proof of further study will be considered.

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