Course aims:   To provide students with working knowledge of financial statements You will be able to prepare and analyse your accounts, as well as budget your income and expenditure. You will be able to prepare a profit and loss statement. You will gain knowledge of how to use financial statements. Programme objectives On completion of this training programme, participants will have: • An understanding of the basic principles of accounting pertaining to financial statements reporting for decision making • An ability to read financial reports • An insight into the main issues relating to the structure and purpose of Income Statements, Balance Sheets and Cash Flow Statements • A knowledge tool to prepare and analyse financial accounts. It also examines ratio analysis, working capital, cash and finance, business analysis, and business risk.; Part A Basic Accounting Concepts: Learn the 9 Basic Accounting Concepts: Dual Aspect concept, Money Measurement concept, Entities, Going Concerns, Cost, Realization, Matching costs with revenues, Conservatism and Materiality. Part B Financial Statements: Financial statements are an imperfect, historical measurement of the monetary aspects of an entity. Part C  Analysis of Financial Statements: Understanding how to analyze financial statements is an important skill set for managers since measures of performance can be defined (based on ratio analyses) that assess the entities overall performance, profitability, and capital utilization Part D Accounting Records and Systems: Understand the  of use T – Accounts to record and update balance sheets every time a transaction is made. In accordance with the accrual accounting process, transactions are first recorded in journals consisting of T – Accounts, then posted to ledgers, and are the subject of financial statements when accounts are closed at the end of a reporting period.     Course/Class Duration: 7 days / 8 hours Certificate of Achievement