Interpreting a set of Company Accounts Masterclass

This two-part masterclass offers a comprehensive guide to interpreting company accounts with clarity and confidence. Part 1 covers the fundamentals of key financial statements—Profit and Loss account, Balance Sheet, and Cash Flow Statement—helping attendees understand each component, how to read them effectively, and spot common misinterpretations. Part 2 builds on this foundation, introducing a structured review checklist, in-depth analysis of revenue and expenses, identification of manipulation techniques, and financial performance evaluation through ratio analysis. The session concludes with a real-world company accounts review, offering practical application and insight.

This webinar provides one-hour of CPD and offers a structured learning experience designed to deliver actionable outcomes. Participants will gain valuable insights and practical skills to apply in their professional roles.

Delegates places are interchangeable with colleagues from the same organisation.

Content 

Part 1

• Key Financial Statements Overview – Profit and Loss account, Balance Sheet, Cash flow statement

• Understand each component

• How to read a set of financial statements

• Typical questions

• Common Pitfalls and Misinterpretations

Part 2

• Review checklist

• Analysing Revenue & Expenses

• Revenue recognition policies

• Identifying revenue manipulation techniques

• Cost structure and expense trends

• Identifying abnormal expenses

• Ratio Analysis & Financial Performance Evaluation

• Real world company financial statement review

Presenter

Lesley Millar Expert Trainer at the School of International Financial Services

Having started her career in an accountancy practice in Scotland, Lesley then worked as a Manager of the Client Accounting department of Credit Suisse Trust before moving into full time training and consultancy. She established OneStudy Training in 2005 to offer professional qualifications and a variety of professional development courses. She has worked in a wide variety of roles, from internal audit, operational excellence projects, post merger integration to new business set up and lecturing professional education. Lesley has spent ten years delivering and writing course material for all levels of the ICSA syllabus along with various ACCA papers, bespoke and in-house training. A keen academic, Lesley is a Certified Accountant, a Chartered Secretary and has level 2 in Teacher Training, a certificate in International Accounting Standards and a Lean Sigma project management qualification.