Accounting for Non-Accountants

Understanding your Income Statement and Balance Sheet

OVERVIEW

A survey of small businesses revealed that 41% consider the financials to be the hardest part of running their business, and 19% admitted they put their financials into the ‘too hard’ basket. Accounting for non-accountants is designed specifically for those who need to read their basic financial statements and improve their understanding of key accounting concepts.

This practical workshop will improve your financial understanding. By the end of this course you’ll be able to read your Income Statement and Balance Sheet, and understand the common classifications and groupings within them.

Each topic begins with easy examples and builds towards the more complex, as participants are guided through financial statements, their classifications and groupings, and other related issues.

Note that this is a hands-on workshop and participants will be asked to complete simple exercises.

YOU’LL LEARN ABOUT:

• What double entry accounting means
• The key features of an income statement
• The important elements of a balance sheet
• The purpose of depreciation

SO YOU CAN:

• Understand the three sections of a balance sheet
• Understand the key groupings for your expenses, assets and liabilities
• Understand the jargon used by accountants
• Read your own financial statements

TO ACHIEVE:

• A better understanding of the business' finances
• Improved communication with your accountant

WHO IS THIS COURSE FOR?

• Small business owners
• Managers needing to read financial statements
• Staff seeking a better understanding of business accounts.

Tweet

Book Now

Book Now Back to Finance