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Financial statements training for funders · a digital learning library
Understanding Financial Statements
Read the numbers like a financier.
20 courses · 6 case scenarios · 20 refreshers
Most accounts training is written for accountants or investors. Your team reads accounts for a different reason: to decide whether to fund a client, how much, and on what terms. Every course is specific to receivables finance, from reading debtor days against the facility to deciding which facility fits.
For client managers, risk, new business and auditors.
The courses
20 courses, one job each.
Every course teaches a single task or idea the learner needs at work, with hands-on activities and a scored review.
The basics
What a financier needs from accounts, where to find them and how far to trust them.
- 01 Why Accounts Matter to a Financier
- 02 What’s in a Set of Accounts
- 03 Finding Accounts at Companies House
- 04 The Audit Report
- 05 The Accounting Principles Behind the Numbers
Reading the statements
The income statement, the balance sheet and the cash flow, line by line.
- 06 The Income Statement: Sales to Gross Profit
- 07 Overheads, Operating Profit and Net Profit
- 08 Fixed and Variable Costs, and Break-Even
- 09 The Balance Sheet: What a Business Owns
- 10 The Balance Sheet: What a Business Owes
- 11 Depreciation and Asset Values
- 12 Stock Valuation
- 13 The Cash Flow Statement
Analysing performance
Profit versus cash, and the ratios that matter to a lender.
- 14 Profit Is Not Cash: the Working Capital Cycle
- 15 Profitability Ratios
- 16 Liquidity Ratios
- 17 Debtor, Creditor and Stock Days
- 18 Gearing and Interest Cover
Forming a view
Warning signs, and a structured read that ends in a credit view.
- 19 Warning Signs: Overtrading, Window Dressing and Distress
- 20 Six Simple Stages: a Structured Read of Any Accounts
6 case scenarios
Investigate, decide, and see the cost of delay.
Six case files, each ending in a decision: offer, adjust or decline.
The New Prospect
A growing business wants £600,000. Its accounts have more to say than its sales figures.
Growing Broke
Sales are up 60% and profit is up. So why is the client always short of cash?
Haverleigh Timber
A timber merchant with a new strategy, a new depot and a much bigger overdraft. Is the strategy making cash, and which facility fits?
Brookvale Cleansing
A current ratio of 1.60 looks healthy. It depends what the current assets are.
The Rosy Management Accounts
A client’s best year ever, on its own figures. Harrowden’s figures tell a different story.
Sealant Systems
An audit visit and a set of draft accounts. Both say the same thing.
20 refreshers
Five minutes each, all year, so it sticks.
Each refresher is a short story with one activity, released every two weeks and pointing back to the course it reinforces.
- Late Accounts at Companies House
- The Qualified Opinion
- Going Concern
- Gross Margin Slipping
- Sales Up, Profit Down
- The Break-Even Point Moved
- The Revalued Property
- The Director’s Loan
- A Change of Depreciation Policy
- Stock That Won’t Sell
- Cash From Financing
- Profit Up, Cash Down
- Return on What?
- Same Ratio, Different Risk
- Debtor Days Creeping Up
- Interest Cover in a Rate Rise
- Window Dressing at Year-End
- Overtrading
- Six Stages in Five Minutes
- The New Loan
Hugely beneficial course to develop my skills.
Your branding
Your logo, colours and fonts on every course.
Your LMS, or a link
Upload to your LMS, or send learners a link: no LMS needed.
Tracked
Progress and scores, ready for audit, risk committees and funders.
Kept current
New courses, cases and refreshers are added to your subscription as they are released.
Try it now
See what learners see in Understanding Financial Statements.
Try a course
A short course, as your learners see it: real ledgers, hands-on activities and a scored review.
LaunchTry a case scenario
Work a client file from the first warning sign to a decision, and watch what each delay costs.
LaunchTry a refresher
Five minutes, one story, one activity: how the learning sticks between courses.
LaunchSee every interaction
The activities our courses are built from, in one place.
LaunchBook a demo
See Understanding Financial Statements in your own branding.
A 20-minute walkthrough of one course and one case scenario, with pricing for the learners you need.
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