Accounting Skills for New Supervisors
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!
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 them
Recognize 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 Features
- Lectures 37
- Quizzes 8
- Duration 18 hours
- Skill level All levels
- Language English
- Students 186
- Certificate No
- Assessments Yes
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!
Getting the Facts Straight
The first session will go over basic financial terms. Then, participants will explore their role in company finances as well as important players in an organization’s finances. To wrap up the session, participants will receive some resources for learning about the governing organizations in their area.
The Accounting Cycle
Next, participants will learn about the four phases of the accounting cycle. They will also learn about key underlying concepts, including cash vs. accrual methods of accounting.
The Key Reports
In this session, participants will take a close look at balance sheets and income statements. They will also review cash flow statements and statements of retained earnings. The session will conclude with a review activity.
Keeping Score
This session will explain the chart of accounts and single vs. double entry accounting.
A Review of Financial Terms
Introduction to some additional financial terms.
Understanding Debits and Credits
This session will de-mystify two terrifying accounting terms: debits and credits.
Your Financial Analysis Toolbox
This session will give participants some sources for financial data as well as tips on weeding out useless information. We’ll also cover how to calculate common ratios, how to read an annual report, and some useful decision making tools.
Identifying High and Low Risk Companies
In this session, participants will learn about some guidelines for identifying high and low risk companies. Then, they will practice these guidelines in a case study.
The Basics of Budgeting
Next, participants will learn what a budget is, how their budget should fit into the big picture, and what the budgeting process should look like.
Working Smarter
This session will give participants a basic checklist of computer skills required for success. We’ll also talk about how to choose an accounting package.
People and Numbers
Dealing with finances isn’t all numbers. What if an employee’s expense report doesn’t look correct? Or what if you have to make cuts to someone’s pay? Participants will examine each situation in small groups, and then provide some tips on what to do.
Post - Course Evaluations
`Kindly complete these post-course evaluation so that we can improve our online courses. These post-course evaluation is a survey-style questionnaires that can help us gauge your reactions to the online course you took. The information that we will gather will help us improve the course and future training materials.
18 Comments
I’m willing to enrol
click nyo lang po yung “take the course”
I am interested for this course
click nyo lang po yung “take the course”
Hello,
How do I enrol for this free course please?
click nyo lang po yung take the course
I would like to join the free accounting skills.
take the course lang po. free course po
Magtatayo Sana ako Ng negosyo at gusto ko matutunan Ang Accounting
take course lang po. free po sya.
can not retake the exam..pano po un?i accidently click on the complete..
yes po, can you whatsapp us the problem at 0544550355. thanks
sir bakit d po mgrun after iclick ung take the course
try nyo lang po ulit. ano po nagpapakita? puwede nyo isend sa whatsapp? 0544550355
Sir, “error invalid request” ang lumalabas if you wish to connect s FB or google.
try to use another login credentials, nagpalit ba kayo or nag log out kayo?
Bakit po bumabalik sa page nung click ko yung take this course
refresh nyo lang po, if may problema po pakiwhatsapp yung photo sa 0544550355 para macheck natin