Accounting Masterclass

Learn at your own pace eLearning

This course introduces participants to the fundamental principles of accounting, explaining how transactions are recorded and the importance of the accruals principle.

Further modules look at what is presented in the Income Statement and what additional analytical numbers (EBIT and EBITDA) can be produced. The nature of working capital is explained and a module shows how to analyse operating working capital. Participants are then introduced to the components of equity before the programme concludes with three modules explaining the Cash Flow Statement and the cash flow rules.


This course is suitable for anyone new to Accounting.

Learning Outcomes

  • Describe the Accounting Equation
  • Understand the link between profit and equity
  • Recognise the purpose of each main financial statement
  • Define a transaction and understand how they affect the Balance Sheet
  • Recognise which transactions change or don’t change total Balance Sheet size
  • Understand the difference between cash based and accruals-based accounting
  • Calculate the depreciable amount
  • Think about appropriate useful life assumptions
  • Consider straight line, accelerated and usage methods
  • Understand the structure of a Balance Sheet
  • Define assets and the major categories of assets
  • Define liabilities and equity and the major categories of these
  • Understand above and below the line
  • Think about equity and enterprise value
  • Understand the components of ‘the bridge’
  • Identify exceptional items
  • Construct an analytical Income Statement
  • Calculate EBITDA from the bottom up
  • Recognise the properties of a bond
  • Price a coupon bearing bond from a yield
  • Describe how a yield curve is generated
  • Analyse revenue growth, quality and volatility
  • Allocate costs to revenue costs and capital costs
  • Calculate margins for the Operating business
  • Define EPS
  • Calculate the relevant earnings figure
  • Time weight the number of shares
  • Calculate receivables days
  • Calculate inventory and payables days
  • Calculate and interpret the cash conversion cycle
  • Understand the relationship between margins and returns
  • Define RoCR, RoIC, RoA and RoE
  • Calculate key returns
  • Analyse non-current assets
  • Calculate goodwill
  • Understand the presentation of debt
  • Define positive and negative working capital
  • Define working capital and operating working capital
  • Understand the concept of the cash conversion cycle
  • Identify the components of equity
  • Interpret the Statement of Changes in Equity
  • Identify which reserves can be distributed
  • Identify operating, investing and financing cash flows
  • Use the cash flow rules for assets
  • Use the cash flow rules for liabilities and equity
  • Use Balance Sheet data for the Cash Flow Statement
  • Incorporate Income Statement and SoCiE information
  • Produce a simple Cash Flow Statement

Course Content

Unit 1 – Accounting Equation

Unit 2 – Balance Sheet 101

Unit 3 – Transactions

Unit 4 – Accruals

Unit 5 – Income Statement Structure

Unit 6 – Income Statement – Revenues and Operating Expenses

Unit 7 – Income Statement – Depreciation

Unit 8 – EBITDA

Unit 9 – Income Statement – Earnings Per Share

Unit 10 – Income Statement – Returns

Unit 11 – Balance Sheet: Working Capital Defined

Unit 12 – Balance Sheet: Analysing Working Capital

Unit 13 – Balance Sheet Assets Investments And Associates

Unit 14 – Balance Sheet Equity

Unit 15 – Cash Flow Statement – Operating, Investing And Financing Flows

Unit 16 – Cash Flow Statement – Building The Cash Flow Statement

This Course Includes

  • Learn: 16 micro-learning on-demand videos
  • Check: 16 knowledge checks to validate understanding
  • Apply: 16 hands-on practical exercises and projects
  • Requirements: Access to a computer with an internet connection
  • Accessibility: Access on PC, mobile or TV
  • Certification: Certificate of completion with CPD record


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