Learnit Training

Free course on reading annual accounts

To really know how a company performs, it is necessary to correctly interpret the figures, especially the annual accounts. For the layman, annual accounts contain an incomprehensible number of columns, figures and concepts. It is a search for the most important data and how to read them.

Often, important decisions have to be made based on the annual figures, and then it is a must to understand what is in the annual accounts and what it means for the company.

Learnit has therefore developed the introductory training course in reading annual accounts, in which the various aspects are discussed in depth. During this course you will receive an explanation of the basic concepts and you will know how to read the figures.

Drawing up annual accounts is of the utmost importance for every company. Not only the tax authorities are interested in the company's figures, but for the people working with the company it is indispensable to know how the company is doing. Based on the annual accounts, a (financial) plan for the coming year can also be drawn up. The figures visible in the annual accounts determine the course, expenditure and investments, and make it clear whether the company is successful or whether adjustments are needed.

The current status of debts and assets are visible on the annual accounts, as are all the accounting items. In fact, in order to produce financial statements, you need accounting. And bookkeeping begins with a general ledger. The ledger has two accounts: the balance sheet and the profit and loss account. The bookkeeper of/for the company keeps the general ledger and for medium-sized and large companies the accountant checks this. Small companies often have their bookkeeping done by an external accounting agency or consultant.

This free course is a great help if you want to brush up on old knowledge, but also if you don't know anything about it at all.

Learnit offers this online course Annual Accounts read for free as a downloadable PDF. Of course, you can also follow a more comprehensive Annual Accounts Reading course with us under supervision.

Contents:

  • Main components of annual accounts
  • How to calculate the net result of a company
  • What is the working capital?
  • Cash flow statement
  • Financial ratios
  • Explanation of annual accounts

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