London Business Training & Consulting Financial Accounting Essentials
London Business Training & Consulting

London Business Training & Consulting

Financial Accounting Essentials

London, United Kingdom

Course

5 days

English

Full time

Dec 2025

On-Campus

Key Summary

    About : The Financial Accounting Essentials program offers essential knowledge and skills in financial accounting. It provides a comprehensive introduction to accounting principles, practices, and the application of accounting methods in a real-world context. Students can expect to master key concepts that are crucial for careers in finance and accounting over the course duration of 12 weeks.
    Career Outcomes : Graduates of this program can explore various career paths, including roles as financial analysts, accountants, or auditors. Individuals may also find opportunities in corporate finance, consulting, or banking. Having a solid foundation in financial accounting can significantly enhance employability in the finance sector.

This course demonstrates:

  • how accounting is the system of recording financial transactions.
  • the profit and loss (P&L) statement, which summarises the revenues, costs, and expenses incurred during a specified period.

By attending this course, you will understand the purpose of the balance sheet, which is to show the financial status of an organization at a specific point in time.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Agenda

Accounting Basics

  • Accounting concepts
  • Steps in the accounting cycle
  • The objectives of financial reporting
  • Financial reporting standards

The Profit and Loss Statement

  • Measurement of income
  • Types of costs and expenses
  • The many levels of profit
  • Opex and capex

The Balance Sheet

  • Constituents of the balance sheet
  • The fundamental accounting equation
  • Importance of working capital
  • Exercise – prepare a set of accounts

The Role of Financial Accounting in Decision-Making

  • Key aspects of making a decision
  • Limitations on the use of ratios
  • The end of accounting?

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Target Audience

This course is suitable for:

  • New accounting staff who need to understand the financial accounting function holistically.
  • Accountancy staff with no formal qualifications.

Learning Outcomes

Upon completion of this course, you will understand:

  • The links between accounting principles and the preparation of financial statements.
  • Definitions of the content and functions of the two key financial statements.
  • How to prepare a set of financial statements from scratch.
  • How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
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