Course description
Delivered by leading speaker David Potts, this online course is designed for lawyers of all levels of experience who would like to improve their ability to find their way around financial information with confidence. It is relevant to many different practice areas and will be useful in a wide range of legal activities, as well as understanding how the finances of law firms work and for general commercial awareness.
Join David in our virtual classroom as he discusses the regulatory requirements for all types of organisation, UKGAAP, information reported in the supporting notes, how to read profit and loss accounts, balance sheets and cash flow statement, KPIs, and much more.
Please note that some prior knowledge is assumed, be that from the accounts training provided on the LPC or PSC, or through professional experience.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This online course is designed for lawyers of all levels of experience who would like to improve their ability to find their way around financial information with confidence. It is relevant to many different practice areas and the content will be delivered so as to be useful and helpful in a wide range of legal activities; it will also be useful in understanding how the finances of law firms work and for general commercial awareness.
Delegates are asked to note that the course does presume some prior knowledge be that from the accounts training provided on the LPC or PSC or through professional experience.
What You Will Learn
The live and interactive online session will cover the following:
- The regulatory requirements for accounts for all types of organisation from sole practitioners to partnerships, LLPs, private limited companies and PLCs
- The key principles and what is UKGAAP (Generally Accepted Accounting Principles)
- What information may be reported in the supporting notes and how this will change for ‘small’ companies
- How to read a profit and loss account, balance sheet and cash flow statement
- Identifying the key areas of subjectivity; the management judgments and estimates
- Key performance indicators and how to analyse the performance of a business from the financial statements
- The current hot topics and examples of good and bad practice
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...