Understanding Accounts: Beyond the Basics

To be delivered by:

Armstrong Watson Accountants and Business Advisers, Leeds.

Armstrong Watson is a member of AISMA (Association of Independent Specialist Medical Accountants), partners with the MDU (offering an exclusive discount to their members), listed as a specialist medical accountant with Medics Money, and a member of the UK200 Specialist Healthcare Group; all demonstrating knowledge and expertise in this sector.

Suitable for:

GP partners, Practice Managers and Business Managers

Course summary:

This is a deeper dive into practice accounts and understanding them:

Financial data capture and accounting software

Financial statements (the ‘accounts’) – a ‘true and fair’ view:

  • Income and Expenditure recognition – how the profit is determined,commissioning streams, superannuable or not?
  • Balance Sheet – accruals and prepayments, asset categories and liabilities.
  • Notes to the accounts – what these are and what they tell you.

Profit allocation to GP Partners

Working capital and the ‘Current account’.

 

Questions
 
Course format: The course will be run via Teams – a joining link will be shared with you a few days before the event. The session will be a seminar with questions welcome at the end. 
 

Cost: The seminar is free to attend,  however, we do offer you the opportunity to donate £10.00 per delegate to the Cameron Fund. The booking process allows you to make a donation if you wish to do so.  

Cancellations: If you are unable to attend please consider whether your place can be used by a colleague. Late cancellations and DNAs are costly in terms of both finance and time – if you need to cancel please let us know at least 5 days before the course date.

Dates:

26th September 2024

12.00pm – 1.15pm

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