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Accounting Skills for New Supervisors - e-Book

Online Self-Paced

Verrolyne Training

Summary

Price
£18 inc VAT
Study method
Online
Duration
1 hour · Self-paced
Qualification
No formal qualification
CPD
1 CPD hours / points
CPD What's this?

Overview

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.

CPD

1 CPD hours / points
Accredited by The CPD Certification Service

Description

This course will give new supervisors the accounting skills they need for things to go smoothly.

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 analyze important financial data

- 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

Who is this course for?

The course is aimed at individuals at all stages of their career who deal with the financial aspects of decision making or who need to understand finance to help them work alongside and communicate with accountants

Requirements

Access to PC with Internet

Career path

Accountant , Financial Controller , Budget Analyst

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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