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Accounting Skills for New Supervisors

This course is currently available as E-Learning, or a private instructor-led class scheduled to suit your availabilty. You can click here to inquire further or you ask us for recommendations on similar classes.

Recommended Prerequisites

No prerequisites are required for this course.

Course Overview

Many 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

Course Outline

  1. Course Overview
  2. Getting the Facts Straight
  3. Starting with the Basics
  4. General Accepted Accounting Principles (GAAP)
  5. Getting to Know the Players
  6. Identifying the Key Players in Your Organization
  7. Governing Organizations
  8. The Accounting Cycle
  9. Underlying Principles
  10. Overview of the Accounting Cycle
  11. Case Study: Happy Haircuts
  12. The Key Reports
  13. The Income Statement
  14. Sample Income Statement
  15. The Balance Sheet
  16. Sample Balance Sheet
  17. The Cash Flow Statement
  18. Statement of Retained Earnings
  19. Keeping Score
  20. Understanding the Chart of Accounts
  21. Single vs. Double Entry Accounting
  22. Self-Test
  23. A Review of Financial Terms
  24. Understanding Debits and Credits
  25. Understanding Debits and Credits
  26. Working with Debits and Credits
  27. Your Financial Analysis Toolbox
  28. Identifying the Relevant Data
  29. Analyzing the Data
  30. Reading Annual Reports
  31. Case Study
  32. Using Charts and Graphs
  33. Using Ratios for Decision Making
  34. Identifying High and Low Risk Companies
  35. General Guidelines
  36. Case Study
  37. The Basics of Budgeting
  38. Defining a Budget
  39. The Budgeting Process
  40. Case Study
  41. Working Smarter
  42. Computer Survival Skills
  43. Things to Consider When Choosing Accounting Software
  44. People and Numbers
  45. Personal Action Plan
  46. Recommended Reading List
  47. Post-Course Assessment

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