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Accounting Skills for New Supervisors

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. Even better, financial terms are not as scary as they seem! During this workshop, you will learn the basic financial skills that you need to become a successful, effective, supervisor.

How You Will Benefit:
  • Understand the art of finance and financial management and your role in company finances
  • Become familiar with key financial terms, including where to find regulations for your area and industry
  • Become familiar with various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
  • Understand how a chart of accounts is created, the differences between cash and accrual accounting, and single vs. double entry bookkeeping
  • Understand how to identify and analyze important financial data to make financial decisions
  • Know what budgets are and how to prepare them
  • Identify what computer skills you need to make you a financial whiz
  • Be prepared to deal with financial situations that impact the people that work for you
Programme Outline
  • Getting the Facts Straight
  • The Accounting Cycle
  • The Key Reports
  • Keeping Score
  • Understanding Debits and Credits
  • Your Financial Analysis Toolbox
  • Identifying High and Low Risk Companies
  • The Basics of Budgeting
  • Working Smarter
  • People and Numbers