Financial Training

We know that a strong understanding of finance is an important part of the financial health of any business. It’s the same whether you are a business start-up using simple accounts, or on the Board of a public company using IFRS accounts. Understanding how finances work and how to interpret financial information puts owners and managers in a better position to improve performance. 

We have a long history of providing courses and other training to help non-financial people at all business levels to understand and interpret financial information. We work closely with our specialist legal financial training business, MacIntyre Hudson Advisory Services LLP.

We talk the talk, and can help you to get a practical understanding of the language used in company accounts. We can give you an understanding of how the numbers are derived in the financial statements and accounts, and then teach you to interpret financial statements and identify key information about a business, company or group of companies.

How we can help with accounting training

There’s a vast array of financial information you are likely to encounter in your job. Taking a bespoke approach designed for the ultimate end user, we can help you to understand aspects such a:

The types of financial accounts, what are they for and how they link up

• Annual financial statements, management accounts, group accounts
• Budgets, cash flows, financial ratios, business plans and forecasts

Accounting standards, principles, policies and estimates

Key components of a set of financial statements including:

• What’s included and why
• Overviews of the profit and loss account (or income statement), balance sheet (statement of financial position) and statement of cash flow
• How to analyse each of these statements, and find what they are telling us about an entity
• What profit is, and how it is different to cash
• How to approach reading a set of financial statements
• How we use accounts and budgets to assist business planning

How financial ratios can confirm the “story” in the accounts’ narrative reports

• Assessing the entity’s performance and profitability
• What do they tell us about liquidity and cash flow efficiency?

Through understanding and managing the money that a business receives from its customers and spends on resources, owners and managers can help a business maintain its liquidity and become more profitable. They can also help ensure compliance with the criteria for, say, banking covenants or understanding the financial terms in a buy-out document.

Our training will help you along this road by equipping you with the tools to understand the accounts on which all of this is based.

Get in touch to discuss tailoring a training package for your needs.