A key skill required of many people is the ability to understand the two key financial statements: the Income & Expenditure Account and the Balance Sheet. All organisations produce some form of financial statements and most people will, at some point in their career, have a need to be able to read and understand these.
Accountancy has its own language and in order to be able to read and understand the financial statements you need to learn the language – or at least learn some of the primary words used in that language. This half-day workshop will enhance your ability to read and understand these two financial statements by introducing you to the language of accounting and the layout of the financial statements.
By the end of the workshop participants will:
- Know the top ten accountancy words used in the majority of financial statements
- Understand what each of these words means
- Understand how financial statements are laid out
- Have looked at a number of sample financial statements and identified the key words and the sequence in which they are used in the financial statements
- Know how to use financial statements in business situations
- Have written up an Action Plan for implementation back in the workplace.
The workshop will be of benefit to anyone who has to read financial statements in any capacity. It is aimed at people from a non-financial background who may have to use financial statements in their work. You will also benefit from the experiences of others in the public service.