Accounting Skills For Supervisors
Accounting Skills For Supervisors Training
This Accounting Skills for Supervisors Session provides supervisors the needed accounting skills at the supervisory level. Although we normally conduct this for team groups, we are able to also provide this as a one on one online training session to assist any employee to use accounting skills more effectively.
There may be certain areas to accounting that may cause anxiety for employees or often get forgotten due to lack of knowledge or experience in using accounting skills. There are a range of terms like depreciation, cash flow, balance sheet, and budgets that may make us cringe, however, these are all necessary to succeed. This session will help participants to better understand the basics and also the not so basic areas of accounting.
This course is designed for those who wish to become gain new accounting skills required for a successful position. The course is a combination of classroom learning supplemented with in class hands-on practice. Other topics that can be covered include managing collections and disbursement, controlling expenses, controlling cash flows, government regulations pertaining to auditing, risk management principles and ethics issues. This short, intensive courses is perfect to equip the participants with the skills they need to be successful in their chosen profession.
If this is not the type of training session you are after, we can create one for you, or we may have another similar that may be just what you are looking for.
Accounting Skills for Supervisors Training available Australia wide including Darwin, Perth, Adelaide, Melbourne, Parramatta, Canberra, Brisbane, Gold Coast and Sydney.
Our trainer discusses how finance is the art of raising, managing, and making money. We also provide the three step process in financial management.
Its always important to understand the key financial terms when working with finances. We provide all the key terms to participants and discuss the differences between each.
Every participant will be working with finances differently in their role. Our trainer will learn more about the participants in an interactive discussion which allows all in the group to learn more about financial management within the organisation.
It is important to know where to find gain resources. A list of resources is provided to the participants and a brief discussion on why the rules and regulations are important.
Participants are provided with examples of documents in the workplace such as financial reports, income statements, balance sheets and cash flow statements. Having a Template and Understanding of How these can be set out will assist employees become able to Recognize and Provide These Documents.
Participants will learn how vital the hierarchy of accounts is in order and to understand how the transactions flow through a business.
These two areas are developed more for participants to understand.
We help participants learn more about the two different methods of accounting and illustrate which is use to their business.
We discuss the basics of debits and credits including details of categories in which transactions fall into.
Participants will be able to identify how data flows in and out of the system and how to identify where information for other key reports are found.
Making financial decisions can be difficult in your role. Participants are provided with some decision making skills which will help them find solutions and make choices with less stress and difficulty.
As an annual report will summarize a company’s fiscal year the format can take on a different style. As a report is created to give the best impression of the company, the information within a report can be padded. We assist participants to be better at reading Annual reports effectively.
Learn how to identify a low risk or high risk company by using equity and shareholder returns. Our trainer will show participants how to determine the risk level in some examples.
Budgeting is important when it comes to the finances within an organisation. We discuss the role of budgets and how to prepare one for your business.
Very few businesses will process information manually. Most of the time computers and software will be used in developing reports and financial information. This session discusses the needs to each participant that will be required to have for financial reporting.
Every organisation deals with situation that can impact the people they work with. We go through some of the hurdles you may meet when working with the finance side of a company.
Accounting Skills for New Supervisors Outline
Course Overview
We will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.
Topics covered in this course
Getting the Facts Straight
The 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
This session, 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
This one-day session will start with a review exercise and an 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
In this session, 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.
Workshop Wrap-Up
At the end of the day, students will have an opportunity to ask questions and fill out an action plan.
Learning Outcomes
- The art of finance and financial management
- Key financial terms
- Their role in company finances
- Where to find the rules and regulations for their area and industry
- Various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
- How a chart of accounts is created
- Cash and accrual accounting
- Single and double entry bookkeeping
- Debits and credits
- Identifying and analyzing important financial data
- Making financial decisions
- Reading annual reports
- Determining whether a company is financially high or low risk
- Different types of organizational financial plans
- What budgets are and how to prepare them
- What computer skills they need to make you a financial whiz
- Dealing with financial situations that impact the people that work for them
Customised Training Session For Teams (Included No Charge)
Full customisation options available on request. All courses can he adapted and edited to suit the exact needs of you and your team. We do this by utilising our extensive training library and pulling modules from different areas and customise you a course of your very own. From content to logo, images to colours we really make it your own.
In-House Customised training benefits:
- Flexible length – You choose the length of the session
- Highly Effective Team/Industry Specific
- Certificate of Completion (Professional Grade)
- Create a Team Building environment
- Cost effective – Group rate discount
- Printed courseware (No need to download or use an App to read)
Creating Content (Contact us for Quotation)
Instructor Led 1 on 1 Workshop
Choose your course and book in with one of our expert trainers. 4-6 hrs on a date specific to you. No need to wait for a date. Conducted online with Zoom. Duration 4-6hrs
1 Hour Instructor Led Session
Meet with one of our expert trainers and discuss any module, course or workplace skill. Great to upskill and for downtime at work. Conducted online with Zoom. Duration 1 hr.
Self Directed Online Course
These courses are prerecorded with multiple activities, assessments and learning videos. Can be completed at your own pace.
What's Included?
- Reference Material
- Recording For 1 on 1 Available
- Professional Trainers
- Certificate Option Available
- Post Course Email Support
Classroom Booking 1 Hr
Book in a 1hr session with one of our trainers
$110.00 AUD (per session)
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