accounting

Accounting Essentials for New Supervisors

$49.00

802463 ,

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!

Available!

Return to Store

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!

Topics 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

Learning Points:

  • 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 financial reports such as income statements and balance sheets
  • Discuss other financial reports including 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 whiz.