Understanding Business Accounting Terms
Business Accounting Terms
The ability to speak and understand the ‘language’ of prospects and clients builds rapport and trust.
Business owners expect their professional advisors to have, at least, a rudimentary understanding of Financial Statements.
This session assists insurance professionals in understanding profit, loss, balance sheets and other financial terminology.
Content and Learning
- Assets - not just physical assets
- Liabilities - including debtors and obligations
- Revenue - total income from Sales
- Expenses- Fixed and Variable costs
- Profit - what's left after expenses
- Balance Sheet - snapshot of assets, labilities and equity
- The language of commerce expected of insurance professionals
- Glossary of terms
Alan Tickner FCII, FIRM – technical insurance trainer
Alan has a wealth of experience and expertise garnered from over 40 years working in the Insurance industry, primarily with insurance brokers, latterly as a Director of Marsh Commercial [Jelf]. He has looked after clients in a wide range of industries with particular specialisms in the Construction and Property sectors, and to include offshore decommissioning, process control, transportation, storage, and food manufacturing. He has specific knowledge working with Captive (Protected Cell) Insurance companies.
Alan is both a Fellow of the Chartered Insurance Institute [FCII], and Fellow of Risk Management in Insurance [FIRM]. He was honoured with a ‘Special Services to Insurance Award’, Belfast 2017.
Alan now works as a self-employed consultant to a major construction firm, and as a technical insurance trainer for Nick Thomas & Associates. Whilst his training capabilities are wide-ranging, he has particular expertise in: Design and Build, Plant Hire, Business Interruption, and Alternative Risk Transfer.
Alan is also a CII Mentor.