Accounting Fundamentals

• Brief recap on the key financial statements and concepts: Accounting equation, format of financial statements, accounting principles, accounting regulation and contents of published accounts

Tangible Fixed Assets

• Tangible fixed assets
• Depreciation
• Disposals
• Revaluations
• Impairment
• Investment properties

Intangible Fixed Assets

• Goodwill
• Amortisation
• Other intangibles: brands, patents and licences

Research & Development Costs

• Cost capitalisation
• Capitalising criteria and financial statements presentation

Working Capital

• Analysing a company's operating cycle
• Calculating a company's 'financing gap'
• Inventory/stock
• Debtors
• Creditors

Provisions

• Profit smoothing
• Restrictions on use
• Contingent liabilities

Financing

• Debt versus equity
• Types of share and share issues
• Share buy-backs
• Basic debt finance
• Analysis of financing structure

Performance Measurement

• Segmental information
• Accquisitions and disposals
• Key profitability measures
• Investors' ratios

Cash Flow Statements

• Elements of cash flow statements
• Cash flow versus profit
• Deriving the cash flow statements
• Analysing cash flows

Group Accounting

• Acquistion accounting
• Process of consolidation
• Goodwill and minority interest
• Fair valuing
• Merger accounting
• Analysis of groups

The Analysis Framework

• Profitability
• Liquidity
• Efficiency
• Financial risk
• Concluding on financial performance and position

Comprehensive Analysis Case Study

• Apply the analysis framework
• Full debrief with sample analysis