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.
The Art of Finance and Financial Management
Our trainer discusses how finance is the art of raising, managing, and making money. We also provide the three step process in financial management.
Key Financial Terms
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.
Their Role in Company Finances
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.
Where to Find the Rules and Regulations for Their Area and Industry Title
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.
Various Types of Financial Reports,including Income Statements, Balance Sheets, Cash Flow Statements
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.
How a Chart of Accounts is Created
Participants will learn how vital the hierarchy of accounts is in order and to understand how the transactions flow through a business.
Cash and Accrual Accounting
These two areas are developed more for participants to understand.
Single and Double Entry Bookkeeping
We help participants learn more about the two different methods of accounting and illustrate which is use to their business.
Debits and credits
We discuss the basics of debits and credits including details of categories in which transactions fall into.
Identifying and Analyzing Important Financial data
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
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.
Reading Annual Reports
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.
Determining whether a company is financially high or low risk
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.
What Budgets are and How to Prepare them
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.
What Computer Skills You Need to Make You a Financial Whiz
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.
Dealing with Financial Situations that Impact the People that Work for Them
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 Supervisors Training
Lesson 1
Overview
- Learning Objectives
- Personal Objectives
Lesson 2
Getting the Facts Straight
- Basic Financial Terms
- Getting to Know the Players
- Governing Organizations
Lesson 3
The Accounting Cycle
- The Four Phases of Accounting
- Underlying Concepts
- Cash vs. Accrual Methods of Accounting
Lesson 4
The Key Reports
- The Income Statement
- The Balance Sheet
- Current vs. Fixed Assets
- The Cash Flow Statement
- The Statements of Retained Earnings
Lesson 5
Keeping Score
- Chart of Accounts
- Single vs. Double Entry Accounting
Lesson 6
A Review of Financial Terms
- Review and Exercise
- Introduction to other Financial Terms
Lesson 7
Understanding Debits and Credits
- De-mystify Debits and Credits
- Working with Debits and Credits
Lesson 8
Your Financial Analysis Toolbox
- Identifying the Relevant Data
- Analyzing the Data
- How to Calculate Common Ratios
- How to Read an Annual Report
- Using Ratios for Decision Making
Lesson 9
Identifying High and Low Risk Companies
- General Guidelines
- Low-Risk Corporations
- High-Risk Corporations
- Case Study
Lesson 10
The Basics of Budgeting
- What is Budget
- Where Does the Budget Fit In
- The Budgeting Process
Lesson 11
Working Smarter
- Computer Survival Skills
- Choosing Accounting Software
Lesson 12
People and Numbers
- Examining the Situation
- Providing Tips
Lesson 13
Workshop Wrap-Up
- Opportunity to Ask Questions
- Personal Action Plan
- Recommended Reading List
- Course Evaluation
- General Evaluation
The Art of Finance and Financial Management
Our coach discusses how financing is the art of raising, managing, and making money. We also supply the 3 step procedure in financial administration.
Key Financial Terms
Its always important to comprehend the crucial financial conditions when working with financing. We provide all the important conditions to participants and discuss the differences between each.
Their Role in Business Finances
Every player will be working with financing differently in their own role. Our trainer will find out more about the participants in an interactive conversation that permits all in the group to find out more about financial management within the organisation.
Where to Discover the Rules and Regulations for Their Region and Industry Title
It’s important to understand where to locate gain resources. A list of resources is offered to the participants along with a brief discussion on why the rules and regulations are significant.
Various Kinds of Financial Reports,including Income Statements, Balance Sheets, Cash Flow Statements
Participants are given examples of files in the office like fiscal reports, income statements, balance sheets and cash flow statements. Having a Template and comprehension of how these may be set out will help employees become capable to recognize and offer these Documents.
How a Chart of Accounts is Made
Participants will discover how essential the hierarchy of accounts is to be able and to understand how the trades flow through a small business.
Cash and Accrual Accounting
Both of these areas are developed more for participants to understand.
Single and Double Entry Bookkeeping
We help participants find out more about the two unique procedures of bookkeeping and exemplify that is use to their company.
Debits and credits
We discuss the fundamentals of debits and credits including details of classes where trades fall into.
Identifying and Assessing Important Financial data
Participants will have the ability to identify how information flows in and out of the machine and how to identify in which data for other important reports are found.
Making Financial Decisions
Making financial decisions can be hard in your role. Participants are supplied with some decision making skills that can help them find solutions and create decisions with less anxiety and difficulty.
Reading Annual Reports
As an annual report will outline a organization’s fiscal year the arrangement can take on another style. As a report is created to provide the best impression of the business, the information in a report can be cushioned. We help participants to be better at reading Annual reports efficiently.
Determining If a company is financially low or high risk
Discover how to identify a low risk or higher risk company by utilizing equity and shareholder returns. Our coach will show participants how to ascertain the risk level in certain examples.
What Budgets are and how to prepare them
Budgeting is important when it comes to the financing in an organisation. We discuss the use of budgets and how to prepare you for your company.
What Computer Skills You will want to make you a Financial Whiz
Not many companies will process information manually. The majority of the time software and computers will be utilised in creating reports and financial advice. This session discusses the needs to each player which will have to get for financial reporting.
Dealing with Financial Situations that Impact the People Who Work for Them
Every organisation deals with situation that could impact the people they work with. We go through some of the hurdles you may meet when working with the finance facet of a business.
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)
Created courses are better courses. No more generic courseware or content that doesn’t really suit your needs. We can create a training session for you and build a workbook to suit your needs. Your training courses will stand out with your very own courseware and objectives. Employees connect better with custom or created content and the training becomes more effective. Learn more about how our team can create content for your training needs.
Instructor Led Online Only Available
Download Certificate of Completion $495 inc GST
Printed and Posted Certificate of Completion $515 inc GST
Our company’s training courses are far from just words and links on a website for our client’s perusal. Paramount also provides a personal online trainer for each course that our clients request, so that they always have the assistance of an expert to mentor them in their training as they take it at their own pace. We at this company are dedicated to helping our clients grow in the best way possible, so we only offer licensed experts to assist them as they learn from our online courses. Book a Paramount course today!
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