Financial Awareness - A Plain English Overview
Covid-19 and world events have forced the UK into a recession and understanding clients' accounts has never been more important for brokers and underwriters alike, with tremendous scrutiny now being put on clients' accounts, so account executives, account handlers, underwriters and those on the PFS side dealing with corporate accounts will need to understand the main terminology.
This presentation, provided by Alan Chandler one of the most popular presenters in the UK, looks to provide a plain English understanding of what is in a balance sheet, Profit and Loss account, a cash flow statement and how these can be read easily by non-accountants.
Target audience: brokers, underwriters, claims staff, loss adjusters and IFA’s. It will also be very useful for anyone taking the diploma subject M92.
Learning Objectives
The presentation will enable delegates to understand:
- The different component parts of a Balance sheet and what underwriters should look for.
- The different parts of a profit and loss statement.
- What is a cash flow statement.
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.