CIF Understanding Financial Accounts Course

Price
395 per participant
Earn 7 CPD points for this course.
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€395for members

€495for non-members

09.00 – 17.00

1 Day

Dublin

The CIF “Understanding Accounts” Course is designed as a deep dive to help decision makers comprehend the key aspects and nuances of Financial Statements. In addition
frequent misinterpretations and real world examples of financial statement manipulation will be highlighted to enhance understanding and enable a critical appraisal of data
going forward.

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Our “Understanding Accounts” course is designed as an in-depth exploration aimed at empowering decision-makers with the tools and knowledge necessary to comprehend the critical aspects and intricate nuances of Financial Statements. Participants will gain a robust understanding of the core components of financial statements, including income statements, balance sheets, and cash flow statements, and how these elements interconnect to reflect the financial health of an organization.

In addition to foundational knowledge, the course delves into common areas of misinterpretation, equipping attendees with the ability to identify and rectify misconceptions that may arise in financial analysis. Moreover, real-world examples of financial statement manipulation—such as creative accounting practices, revenue recognition issues, and asset valuation adjustments—will be examined to foster a deeper understanding of how data can be intentionally misrepresented.

By presenting practical case studies and interactive exercises, participants will develop the skills to critically appraise financial data, assess its accuracy, and make informed decisions. This course is designed not only to enhance technical expertise but also to instill a sense of vigilance and critical thinking, empowering decision-makers to approach financial data with confidence and clarity in both current evaluations and future strategic planning.

Module 1
The Profit & Loss

  • Trading Account
  • Gross Profit
  • Net Profit
  • Ebitda
  • Ratio Analysis
  • Practical Example

Learning Outcomes Module 1

The participant’s would be expected to have a broad understanding of the format, meaning and methods for analysing the profitability statement. Including how profits are not always a
good indicator of performance.

Module 2
The Balance Sheet

  • Fixed Assets
  • Current Assets
  • Current Liabilities
  • Shareholders Equity
  • Ratio Analysis
  • Practical Example

Learning Outcomes Module 2

The participant’s would be expected to have a broad understanding of the format, meaning and methods for analysing the Balance Sheet. Including how off balance sheet finance works and implications
of FRS 102 upcoming changes.

Module 3
Cash Flow Forecasting

  • Profitable companies can run out of cash
  • Cash flow format & calculation
  • Cash transactions not on the P&L
  • P&L transactions not on the Cash flow forecast
  • Cash flow timing
  • Practical Example

Learning Outcomes Module 3

The participant’s would be expected to have a broad understanding of the format, meaning and frequent misinterpretations of cash flow analysis.

On Completion of the course candidates will receive:

  • CIF Understanding Accounts CPD Certificate
  • 7 CPD Points
  • Member Rate: €395.00
  • Non-member Rate: €495.00

For All Enquiries or Course Bookings Contact:

Conor Greham: 01 4066031 / [email protected]

Alex Broadberry: 01 4066071 / [email protected]

The CIF can deliver this programme in house and may be tailored to your companies requirements.

In terms of programme delivery, the CIF can facilitate learning by virtual means (online via Zoom), or in classroom format (at your premises), subject to criteria. Please get in touch to discuss your requirements.

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