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! This course will give new supervisors the accounting skills they need for things to go smoothly.
Accounting Skills for New Supervisors – e-Book
£10.00
Product Description
This module will introduce you to Accounting Skills for New Supervisors.
Learning Outcomes
- Describe the art of finance and financial management
- Explain 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 analyse important financial data
- Make financial decisions
- Read annual reports
- Determine whether a company is financially high or low risk
- Recognise different types of organisational financial plans
- Explain what budgets are and how to prepare them
- Recognise what computer skills you need to make you a financial whizz
- Deal with financial situations that impact the people that work for you
Duration
Half Day or 60 Mins Online
Refresher Requirements
Refreshed in accordance with your company guidelines, local and national authoritative guidelines and any regulatory requirements – TO ORDER, CLICK ‘BOOK IT’ BELOW AND LOG IN TO YOUR ACCOUNT AND ADD THE COURSE TO YOUR BASKET, IF YOU DONT HAVE AN ACCOUNT CHOOSE YOUR USER STYLE AND CREATE AN ACCOUNT TO PLACE YOUR ORDER
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