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An Introduction to Understanding Company Accounts


Law firms have a tendency to claim that their lawyers are commercially aware. However, not all law firms can actually deliver on that claim. You can gain a real competitive edge if you can demonstrate to your clients that you really understand their finances and what makes their business tick.

This short e-learning course is designed to give lawyers a basic introduction to financial reporting, concentrating on the two key statements in any set of accounts – the profit and loss and the balance sheet.



Once you’ve completed this introductory course to understanding company accounts, you will:

  • Begin to conquer any fear of accounts
  • Understand the basic components of every set of accounts
  • Know how they fit together
  • Understand how they add up
  • Start to develop a sense of what to look for
Accounts image


  • Find your way around a Profit & Loss account
  • Understanding the components of balance sheet
  • The five key elements in every set of accounts
  • The difference between gross profit, operating profit and net profit
  • What are PBIT and EBIT?
  • Exercises to test your understanding



2 hours


For fee earners who ‘know they should know this stuff’ but find it hard to get to grips with the numbers, this course is the ideal starting point if they want to improve their commercial awareness.

If you want to buy multiple subscriptions please contact Kath Kinch.

To discuss how we can help call Linda Moran
Phone: 0114 273 8300
Email Linda@KinchRobinson.com