Understanding Travel Company Accounts - for Non-Accountants

Delegates will be able to network over complimentary drinks immediately following the course.

This practical training is designed to enable those with no accounting knowledge at all to be able to understand the essential details of a set of travel company accounts and the main reporting requirements.

Content

• What documents are included in a set of accounts and what they mean
• Understanding the technical terms
• The differences between Profit & Loss Account, Income & Expenditure Account, Reciepts & Payments Account, Balance Sheet, Cash flow Forecasts and Budgets
• Financial Accounts vs. Management Accounts
• How entries impact on Cash Flow
• The accounting treatment of Capital Expenditure and Depreciation
• Key figures to look at when analysing accounts
• Notes to the accounts - what's in them
• Assurance provided by audit and other reports
• VAT - the essential elements you should know