Nicholas has attended:
Excel Intermediate course
Excel Intermediate course
Word Advanced course
Finance for Non-Financial Managers course
Word Intermediate course
Finance for non financial managers
Re training booklet p11 why is £30k shown as 15 +15K why is 60K rent not shown in this years account; what is the difference between accruals and creditors?
p14 why is share capital shown in this year's a/c when it may have already been spent in previous years?
p26 are number of months shown historical or future due dates - why no time on tax?
p28 why is depreciation added back?
RE: Finance for non financial managers
Hi Nick
Thank you for your questions. I will check them out and get back to you.
Kind regards,
Andrew
RE: Finance for non financial managers
Andrew, I have not had a full reply to this - just wanted to confirm it is still on your list
RE: Finance for non financial managers
Hi Nick
I have the answers to your questions below (with your questions repeated for clarity). I have also emailed them to you directly. Do let me know if you have any further questions. Kind regards, Andrew
Re training booklet p11 why is £30k shown as 15 +15K why is 60K rent not shown in this years account; what is the difference between accruals and creditors? The financials are for three months to 31/3/07 so one quarter's rent is £15k and the other piece is 'prepayment'. The rent is only shown to the extent that it has actually been paid.
p14 why is share capital shown in this year's a/c when it may have already been spent in previous years? Share capital stays permanently in the company (unless it is wound up). It is used to fund the company's net assets which can take the form of fixed assets, cash, stock or debtors.
p26 are number of months shown historical or future due dates - why no time on tax? Page 26 of the course manual refers to the Quick Byte Computers Cashflow Statement which refers to the previous twelve months. I do not understand the reference to 'no time on tax'. The profit figure shown is the figure after tax has been deducted and paid.
p28 why is depreciation added back? Depreciation is added back because it is purely an accounting entry and never crystallises as a cash movement.
RE: Finance for non financial managers
Could you just clarify the difference between accruals and creditors on page 11. Thanks
RE: Finance for non financial managers
Hi Nicholas
Thank you for your question.
Creditors are suppliers from whom the business has bought goods or services who have sent invoices for payment which are unpaid at the balance sheet date.
Accruals are provisions for charges from suppliers from whom the business has bought goods or services who have NOT yet sent invoices for payment at the balance sheet date.
I hope this helps - do let me know if you have any further questions.
Kind regards,
Andrew