Learnit Training

Free Course Annual Account Reading

To really know how a company performs, it is necessary to correctly interpret the figures, especially the annual accounts. An annual account for the layman contains an incomprehensible amount of columns, figures and notions. It is a search for the most important data and how to read it.

Often, on the basis of the annual figures, important decisions have to be made and then it is a must to understand what is in the financial statements and what that means for the company.

Learnit has therefore developed the introductory training annual account reading, where the various aspects are addressed. In This course you get an explanation of the basic concepts and you know how to read the figures.

Making annual accounts is of the utmost importance for every company. Not only the tax office is interested in the figures of the company, but for the people who work with it, it is indispensable to know how the company stands. A (financial) plan for the coming year can also be drawn up on the basis of the annual accounts. The figures that are visible in the financial statements determine the price, the expenditure and the investments and make clear whether the company is successful or that it needs to be adjusted.

The current state of debts and assets are visible on the financial statements as well as all accounting matters. In fact, to make a financial statement, accounting is needed. And accounting begins with a large book. The general ledger has two accounts: the balance sheet and the profit and loss account. The bookkeeper of/for the company keeps the general ledger and at medium and large companies the auditor checks this. Small businesses often have their accounts arranged by an external administration agency or consultant.

This free course can help you if you want to freshen up your old knowledge again, but also if you don't know it at all.

Learnit offers this online course Annual Accounts Reading free of charge as a downloadable PDF. Of course, you can also follow a more comprehensive Annual Accounts reading course under our supervision.

Content:

  • 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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