Accounting Skills for New Supervisors
$199.00
Level 3 | Duration: 4 Hours
In this course, you will learn the basics of accounting, including financial terms, generally accepted accounting principles, the accounting cycle, key financial reports, financial analysis tools, and budgeting.
Available!
Return to StoreMany of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem!
Learning Objectives
- Describe the art of finance and financial management.
- Explain key financial terms.
- Determine your role in company finances.
- Find the rules and regulations for your area and industry.
- Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings.
- Explain how a chart of accounts is created.
- Tell the difference between cash and accrual accounting.
- Explain single-entry and double-entry bookkeeping.
- Differentiate between debits and credits.
- Identify and analyse important financial data.
- Make financial decisions.
- Read annual reports.
- Determine whether a company is financially high or low risk.
- Recognise different types of organisational financial plans.
- Explain what budgets are and how to prepare them.
- Recognise what computer skills you need to make you a financial whiz.
- Deal with financial situations that impact the people that work for you.
| Session Outline | 1. Course Overview |
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