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Accounting Skills for New Supervisors Course

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Accounting Skills for New Supervisors Course

Course Overview

Online Accounting Courses

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!

What Will Students Learn?

  • Describe the art of finance and 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 analyze important financial data and make financial decisions
  • Read annual reports 
  • Determine whether a company is financially high or low risk
  • Recognize different types of organizational financial plans
  • Explain what budgets are and how to prepare them
  • Recognize what computer skills you need to make you a financial whiz
  • Deal with financial situations that impact the people that work for you
Course Syllabus

Unit 1

Introduction to Accounting and Finance

The unit 1 covers the following topics:

  • General Accepted Accounting Principles (GAAP)
  • The Accounting Cycle
  • The Key Reports
  • Understanding the Chart of Accounts
  • Single vs. Double Entry Accounting

 Unit 2

Understanding Debits and Credits

The unit 2 covers the following topics:

  •  Understanding Debits and Credits
  • Working with Debits and Credits
  • Financial Analysis Toolbox
  • Useful Ratios
  • Net and Gross Profit Margin
  • Reading Annual Reports
  • Using Ratios for Decision Making
  • Identifying High and Low Risk Companies

 Unit 3

The Basics of Budgeting

The unit 3 covers the following topics:

  •  Defining a Budget
  • The Budgeting Process
  • Computer Survival Skills
Career Path
Who Shoud Take This Course
Accreditation

At the end of this course successful learners will receive a Certificate of Achievementfrom ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme.  This means that Certification for Professional Development (CPD) has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. 

The course itself has been designed by Certification for Professional Development (CPD) to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met.  A review of courses is carried out as part of the endorsement process.

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

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Overview

Level Level 3
Duration 260 Hours
Endorsement Body Endorsed By ABC Awards and Certa Awards

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Bulk discounts are available on purchases of 10 or more courses. If you wish to discuss a large individual order for this course, and/or would like to be invoiced in advance, please call our sales team on +44 2071019663 to make an enquiry.

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Customer Reviews
Reviews: (2)
Forensic Accounting

28/07/2018

The study material and the entire process of the certification. The LMS is easy to use and very user friendly.

Ayyappath Sreenath
Customer Service

28/07/2018

What  i like most about this course was the fact that i could now understand better how the customer feels and how they want to be treated by the service providers. Also, i appreciated the fact that internal customers which are the employees have a greater role to play in aiding decisions and also having to work in a good and motivated environment.
Its great value for your money because it delivered in all areas.

Etuk Vivian