West London- Use and abuse of financial statements

UK - Central London and North Thames

11 May, 2021

6:30 pm - 7:30 pm BST


West London- Use and abuse of financial statements

Location: UK - Central London and North Thames

  • Format


  • Type


  • Duration

    1 hour

This is your opportunity to come together online with your local CIMA community. We may still be isolated, but we are not alone.

Join the West London Area’s Virtual network, where you will have the opportunity to meet and talk with fellow CIMA members from around the area.

Learning outcomes

  • Financial statements of different types of entity
  • The importance of financial statements in certain types of litigation
  • Ways in which financial statements can be “distorted”
Full description

Product information


Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Duration:1 hour
Access:This is a live event. You will receive information about the location, materials, and attendance after purchasing.

Return and refund policy

Programme outline

Rakesh and George will discuss the importance of financial statements. They will consider the differences between the financial statements of unincorporated businesses and those of companies.

They will also consider the key issues in reading financial statements including the quality of presentation and “consistency” within financial statements. Their consideration of distortions within balance sheets will cover different types of assets and liabilities.

They will also highlight distortions within profit and loss accounts including those relating to turnover, cost of sales and gross profit margins. Finally, they will cover certain other aspects of financial statements including directors’ reports and understated business valuations.

Rakesh and George will highlight:

  • The different types of financial statements

  • Discuss how reliance may be placed on financial statements in many types of litigation.

  • Cover some key issues in reading financial statements

  • Provide an overview of possible distortions within balance sheets and profit and loss accounts.


Sim Kapila is a niche practice established in 1994 and known for its expertise in the provision of forensic accounting services. We apply financial and accounting skills to legal cases and disputes. We provide wide-ranging expert forensic accounting input on valuation exercises, family law cases, loss of profits claims, personal injury work and fraud investigations. Rakesh Kapila and George Sim, the founders of Sim Kapila, are members of Expert Witness bodies including the Academy of Experts and the Expert Witness Institute. We are equally experienced in acting for claimants, defendants and as Single Joint Experts. We have given evidence on several occasions in the High Court, County Courts, the Crown Court and at tribunals as well as attending mediations. Rakesh and George have made contributions to legal journals such as the New Law Journal, the Lawyer, the Company Lawyer and the Solicitors Journal. Details of our activities are available on our website. The link is http://www.simkapila.co.uk.

We understand the need to provide a safe space where you can feel comfortable in seeking advice from others and have open conversations. As such, we have made the decision to follow ‘Chatham House rules’ and will be not be recording these sessions, and all participants must refrain from taking screenshots or making their own recording. This is to ensure that everybody at the sessions feel at ease and can be open as they wish to be.

If you have any questions relating to this event, please email area.one@aicpa-cima.com