Accounting Skills for New Supervisors

Knowledge of financial skills is absolutely necessary in order to become a successful, effective manager. If you find yourself scratching your head when you try to read a budget, have trouble keeping your books organized, or aren’t sure what to make of an annual report, then  Accounting Skills for New Supervisors training course will be perfect for you.

Beginning with the basics, students learn the science of finance and financial management. Bookkeeping, data analysis, annual reports, budgeting, and the different types of organizational financial plans are all covered, along with the computer skills necessary to help you understand accounting.

Course Topics:

Session One: Course Overview

Session Two: 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

Session Three: The Accounting Cycle

• Underlying Principles
• Overview of the Accounting Cycle
• Case Study: Happy Haircuts

Session Four: The Key Reports

• The Income Statement
• Sample Income Statement
• The Balance Sheet
• Sample Balance Sheet
• The Cash Flow Statement
• Statement of Retained Earnings

Session Five: Keeping Score

• Understanding the Chart of Accounts
• Single vs. Double Entry Accounting
• Self-Test

Session Six: A Review of Financial Terms

Session Seven: Understanding Debits and Credits

• Understanding Debits and Credits
• Working with Debits and Credits

Session Eight: Your Financial Analysis Toolbox

• Identifying the Relevant Data
• Analyzing the Data
• Reading Annual Reports
• Case Study
• Using Charts and Graphs
• Using Ratios for Decision Making

Session Nine: Identifying High and Low Risk Companies

• General Guidelines
• Case Study

Session Ten: The Basics of Budgeting

• Defining a Budget
• The Budgeting Process
• Case Study

Session Eleven: Working Smarter

• Computer Survival Skills
• Things to Consider When Choosing Accounting Software

Session Twelve: People and Numbers

• Recommended Reading List
• Post-Course Assessment
• Pre- and Post-Assessment Answer Keys
• Personal Action Plan