This 1 day course is designed for anyone who wishes to develop skills in reading and understanding financial reports and assessing the solvency and viability of a business.
This course is ideal for public sector grant areas wanting to assess the viability of a grant applicant.

(It is advised that the Accounting for Non-Accountants - Private Sector course should be completed first if the attendee has little or no accounting knowledge)

Course Aim
The aim of this course is to provide participants with a set of financial skills to enable the participant to read and interpret a set of financial statements. Participants will learn to analyse the financial reports using rule-of-thumb measures and benchmarks and identifying areas susceptible to creative accounting.

Key Learning Objectives
At the conclusion of this course participants will:

• Be able to carry out a basic assessment of business solvency and financial viability
• Be equipped with the knowledge and tools to answer questions like:
  • Is the business solvent?
  • Is the asset base liquid?
  • Is the asset base old?
  • Is there sufficient debt coverage?
  • Does the debt consist of service obligation or cash obligation?
• Have cost structures changed? If so, how?
• Understand accounting terminology to better assess grant acquittals and to look for terminology that may indicate non-acquittal