Understanding Sole Trader - Trading Accounts A practical walk through the trading accounts explaining each line and why its important to the lender. Part 1
Live Seminar/Lecture/Class online or face to face event
XXX | is cpd course? 0
XXX | course id? 109
Learning outcomes
This three hour webinar, in two parts, is for lenders who need to understand trading accounts in a personal lending or business lending context.
A practical walk through the trading accounts explaining each line and why its important to the lender.
Part one- What is the purpose of trading accounts
- Contents and general information section explained
- What is the purpose of the Trading Profit and Loss Account
- A line-by-line explanation of the contents of the Trading Profit and Loss Account
- Notes on what the lender needs to learn from the Trading Profit and Loss Account
- Summary comments on the Trading Profit and Loss Account
- Breakout discussion
- Questions
Part two
-
What is the purpose of the Balance Sheet
- A line-by-line explanation of the contents of the Balance Sheet
- Notes on what the lender needs to learn from the Balance Sheet
- Accounting policies explained
- The nature of Audited and Unaudited Trading Accounts
- Breakout
- Questions
