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Accounting Skills for New Supervisors QLS Level 3

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Accounting Skills for New Supervisors QLS Level 3

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
Endorsement

At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

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Overview

Course at QLS Level 3
Duration 200 Hours
Endorsement Body Endorsed by Quality Licence Scheme

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Customer Reviews
Reviews: (3)
Logistics and Supply Chain Management (Level 4)

23/03/2018

Its very convenient, I have time to go through the materials and make the assessment when I have time next to work. I get feedback always within couple of days.
I get very useful materials, the course is really about the topic, very detailed and connected to reality.

Cser Aliz
Public Relations - Level 1

28/07/2018

I do like a part dedicated to the practice in your studying material, that prevents from a passive reading of the material and helps to apply a new knowledge right now or at least to try to do it. As well, it's a great technique to memorise new material, because I did remember my answers to your questions in the texts. I've just started my course so maybe later I can provide and share with you more my insights I'll discover. 

Makota Anna
Diploma in Diet and Nutrition - Level 5

19/02/2020

  • Easy to approach instruction
  • Very organised and helpful Tutor at any time.
  • The way my teacher presented the course information by hitting the main points
  • Great teacher, who knows the material
  • I am confident that I firmly understand Nutrition and diet from my teacher's teaching
  • The improvement of course material related to tests
  • He gives good notes
  • The quizzes and online assignments are very helpful for the tests and questions clearly explained.
  • My teacher follows up with my work and many more my list is endless and its my pleasure.

Atim Grace