Understanding Management Accounts and Annual Accounts

Location London Duration 1 day
Start Date 13/06/2018 End Date 13/06/2018
Prices Members & Associates: £399 +VAT Non-members: £599 +VAT


This one-day course is aimed at staff looking to gain a basic to intermediary understanding of Management and Annual Accounts. The course will provide a substantial grounding in the fundamentals of management and annual accounting and will gain an applied knowledge and understanding of the purpose, principles and scope of management and annual accounts.

The topics to be covered include:

Annual Accounts:

  • The Business Model
  • Sources and Uses of Capital
  • Depreciation
  • Gearing/Leverage
  • Share Premium
  • Revaluation Reserve
  • Notes to Accounts
  • The Profit & Loss Account - why Profit is not cash
  • The Balance Sheet - where from and where to
  • The Cash Flow Statement - operating, investing, financing
  • Free Cash Flow

Management Accounts:

  • Cost, Profit and Break Even - fixed and variable costs
  • Budgets and Budgetary Control - fixed and flexible budgets
  • Full costing, marginal costing, activity-based costing

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