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Supervisory Skills

Accounting Skills For New Supervisor (SPV01EO)

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Instructor

Savvy

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Course Overview

What Will Students Learn?

  • Describe the art of finance and 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 analyze important financial data and make financial decisions
  • Read annual reports
  • Determine whether a company is financially high or low risk
  • Recognize different types of organizational financial plans
  • Explain what budgets are and how to prepare themRecognize what computer skills you need to make you a financial whiz
  • Deal with financial situations that impact the people that work for you.

What Topics are Covered?

  • Getting the facts straight
  • The accounting cycle
  • The key reports
  • Keeping score
  • A review of financial terms
  • Understanding debits and credits
  • Your financial analysis toolbox
  • Identifying high and low risk companies
  • The basics of budgeting
  • Working smarter
  • People and numbers

Course Content

  • Academy Topics

    • Course Overview

    • Getting the Facts Straight

    • Starting with the Basics

    • General Accepted Accounting Principles (GAAP)

    • Getting to Know the Players

    • Identifying the Key Players in Your Organization

    • Governing Organizations

    • The Accounting Cycle

    • Underlying Principles

    • Overview of the Accounting Cycle

    • Case Study: Happy Haircuts

    • The Key Reports

    • The Income Statement

    • Sample Income Statement

    • The Balance Sheet

    • Sample Balance Sheet

    • The Cash Flow Statement

    • Statement of Retained Earnings

    • Keeping Score

    • Understanding the Chart of Accounts

    • Single vs Double Entry Accounting

    • Self-Test

    • A Review of Financial Terms

    • Understanding Debits and Credits

    • Understanding Debits and Credits

    • Working with Debits and Credits

    • Your Financial Analysis Toolbox

    • Identifying the Relevant Data

    • Analyzing the Data

    • Reading Annual Reports

    • Case Study

    • Using Charts and Graphs

    • Using Ratios for Decesion Making

    • Identifying High and Low Risk Companies

    • General Guidelines

    • Case Study

    • The Basics of Budgeting

    • Defining a budget

    • The Budgeting Process

    • Case Study

    • Working Smarter

    • Computer Survival Skills

    • Things to Consider When Choosing Accounting Software

    • People and Numbers

    • Recommended Reading List

    • Personal Action Plan

    • Post-Course Assessment

Paid
  • Lessons 46
  • Enrolled 3
  • Skill Beginner
  • Last Update 27/02/2025