Understanding Company Accounts

Live Online

Virtual classes –
tailored for your staff

Face-to-face

At your office –
tailored for your staff

E-learning

Anytime, flexible learning for
indviduals and organisations

Starting with the basic components of a set of company accounts, the course covers analysis and interpretation, how to ask the right questions and the importance of developing commercial awareness.

A practical introduction to reading and understanding company accounts. You will learn to deal with financial information with confidence.

Course Content

Commercial clients want lawyers who show commercial awareness. This course is a practical introduction to reading and understanding company accounts.

Delegates will learn to deal with financial information with more confidence. Starting with the basic components of a set of company accounts, the course covers analysis and interpretation, how to ask the right questions and the importance of developing commercial awareness.

Dealing with unfamiliar information in simple terms is the key to the success of this course. It does not assume any previous knowledge.

Content

  1. Quiz – what do you already know?
  2. The basics of financial reporting revised
    • Accounting principles
    • The key components of the accounts
    • Problem areas
  3. Valuation exercise
    • Can you value a business from the P&L and Balance Sheet?
  4. Investment exercise
    • £1m to invest
    • The 5 key attributes you would look for
  5. Analysis and interpretation – a reminder
    • Profitability and efficiency
    • Liquidity and solvency
    • Gearing
    • Investor ratios
  6. Case study – putting theory into practice
    • Two groups – company and potential buyer
    • 5-year financial history
    • Basic calculations plus analysis and interpretation
  1.  

Outcomes

As a result of the session delegates will:

  • improve their ability to read and understand published accounting information
  • recognise the key elements of a set of accounts
  • appreciate how the information in a set of accounts can be manipulated
  • practise using financial interpretation techniques to develop understanding
  • appreciate the importance of developing their commercial awareness
  • be encouraged to improve their knowledge of the economy, their clients’ businesses and financial reporting in a legal context

Format

The course can be delivered as a full-day or half-day session accredited as a PSC if required.

We can also break the content down into shorter modules if that suits you.

The course uses quizzes, exercises and case studies to ensure the training is interactive and engaging.

It’s taught by chartered accountants who recognise that this is uncomfortable territory for some lawyers.

We will not make assumptions about prior knowledge and will work at a pace that suits the group.

Delegates

Ideally suited to trainee lawyers and qualified fee earners who want to improve their commercial awareness

Timing

Options for short modules (90 minutes), 3-hour or 6-hour courses

Understanding Company Accounts Live Online Course

See overview

Lawyers and trainees

Face-to-Face

Covering the same content as the ‘live online’ course this session is usually delivered as a 3 or 6-hour session

Content

Identical to the ‘live online’ session

Format

It’s taught by chartered accountants who recognise that this is uncomfortable territory for some lawyers.

This hands-on course is delivered onsite at your office or a suitable training venue. 

The tutors adjust the pace and level of technical detail to suit the delegates.

Understanding Company Accounts Face-to-Face Course

3 or 6 hour session

Lawyers and trainees

E-learning

Law firms tend to claim that their lawyers are commercially aware. However, not all law firms can 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 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 (Income Statement) and the Balance Sheet (Statement of Financial Position). 

Content

  • Finding your way around a Profit & Loss account
  • Understanding the components of a 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

Outcomes

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

  • begin to conquer any fears you may have 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

Delegates

Trainees and 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.

Understanding Company Accounts E-learning Course

See overview

Lawyers and trainees

£30 + VAT

Understanding company accounts website image

Tutors

Doug Robinson website image
Doug Robinson
Tanya Gass website image
Tanya Gass

Testimonials

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We think our training is the ‘bee’s knees’ but don’t just take our word for it. Read what our clients have to say about us on our testimonials page.

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Article Writing

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Outstanding. Everyone should go on this course. Great speaker. Really useful and practical.
Stephen Ross
Withers
30 April 2013
A very helpful session. Peter was an engaging speaker and I will definitely put his advice into practice. Although it felt like hard word to read articles/submit articles beforehand, it was very useful on the day.
Emma Flower
Withers
30 April 2013
Good course length. I feel I have learnt things I can use straight away (not just in writing articles but writing generally). Very good idea to have specific articles to work on.
Julian McFall
Withers
30 April 2013
Live Online

Business Writing

Business Writing Image
I really enjoyed the course. Peter is a great instructor and kept me engaged throughout the whole session.
Zoe Belucci
Warner Bros
14 July 2011
Course was excellent - just the right level, not patronising and will help me to improve my writing without a doubt.
Laura Gillies
Stephenson Harwood
12 October 2011

Buy this PEAT 2 TCPD e-learning course with immediate access.

PSC

Buy this PSC e-learning course with immediate access.

Buy a PSC 6 hour bundle including this course for £90 + VAT.

Buy a PSC 12 hour bundle including this course for £160 + VAT.

PEAT 2 TCPD

Buy this PEAT 2 TCPD e-learning course with immediate access.

Buy a PEAT 2 TCPD 10 hour bundle including this course for £150 + VAT.

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