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Explaining a P&L and Balance Sheet Course

  • Duration:75 Minutes
  • Cost:£99 + VAT
  • Ref:VCPL

Cost £99.00 Duration 0.18 days Code VCPL

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Who is it for

Anyone who is responsible for or who would like more understanding of financial statements.

What is it about

Take the fear out of finance!

Course Overview

This 75 minute session will give you an understanding of how financial statements are created, as well as demystifying key financial terms. It will enable you to be more confident when discussing a Profit and Loss statement, and give you a greater appreciation of the financial implications of the actions of your business.

We recommend that you attend one of our Learn How to Learn Online sessions before attending this Virtual Classroom to ensure that you get the most out of the course. To book a free place, click here or contact us on 0800 170 7777.


What will I get out of it?

  • Introduction to financial accounting - The financial statements - Preparing financial statements - Generally Accepted Accounting Principles (GAAP)
  • The Business Cycle - Forms of business ownership - Profit – the driver of business - The need for investment
  • The Balance Sheet - Introducing the balance sheet - What are assets? - What are Liabilities - Net assets - Total Equity (Shareholders’ capital) The Profit and Loss Account - Accrual accounting - Format of the P&L account - The handling of expenses - Other bottom line measures - Analysing financial reports
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