Business & Management
Accounts As A Management Tool
Assessment type
Training only (attendance)
Minimum duration
2 Days
Course delivery
Classroom
Theory
Description
This course is designed for senior managers and business owners to ensure they understand their management accounts and year end accounts and how the figures can help with managing aspects of the business. 1. The Profit and Loss account - Understanding profit v cashflow. Gross profit margins and overheads. 2. The Balance Sheet - What is the company worth. Understanding debtors and creditors. 3. Prepayments - What is a prepayment? What can be prepaid and how does it affect my profit. 4. Accruals - What is an accrual? What do we use accruals for and how does it affect my profit. 5. Work in Progress - How to value this figure. 6. Stock - How and what to value.
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