Accounting Skills For Supervisors
Accounting Skills For Supervisors Training
Supervising teams is quite a complex task, this requires extensive knowledge of accounting skills to help make this process a lot more efficient for the busy supervisor. We then provide a tailored one on one coaching to develop this efficiently within financial management to further enhance employee performance.
Accounting can seem quite intimidating, especially when we navigate through unfamiliar territory. In this session, our participants will gain a deeper appreciation for all the elements of accounting. This can also give participants the ongoing learning that revolve around calculations to analyse balance sheets!
You can empower yourself with this knowledge by joining us further towards your learning journey especially with the many financial savvy techniques learned. This course is a wonderful opportunity to gain valuable accounting skills. This provides an efficient amount of classroom learning that is quite extensive and practical that will assist participants with gained expertise of knowledge to become successful within their career and ongoing learning in accountancy. They can look forward to gaining more knowledge and education over topics such as collections and disbursement management, controlling expenses and cash flows, auditing regulations from global operations all over the world applying risk management principles in an ethical but professional way.
We understand that one-size-fits all training isn’t always the best approach – let us create a unique program personalised to your needs, or suggest an alternative option which may prove more suitable.
Accounting Skills for Supervisors Training available Australia wide including Darwin, Perth, Adelaide, Melbourne, Parramatta, Canberra, Brisbane, Gold Coast and Sydney.
Our trainer discusses how finance is the art of raising, managing, and making money. We also provide the three step process in financial management.
Its always important to understand the key financial terms when working with finances. We provide all the key terms to participants and discuss the differences between each.
Every participant will be working with finances differently in their role. Our trainer will learn more about the participants in an interactive discussion which allows all in the group to learn more about financial management within the organisation.
It is important to know where to find gain resources. A list of resources is provided to the participants and a brief discussion on why the rules and regulations are important.
Participants are provided with examples of documents in the workplace such as financial reports, income statements, balance sheets and cash flow statements. Having a Template and Understanding of How these can be set out will assist employees become able to Recognise and Provide These Documents.
Participants will learn how vital the hierarchy of accounts is in order and to understand how the transactions flow through a business.
These two areas are developed more for participants to understand.
We help participants learn more about the two different methods of accounting and illustrate which is use to their business.
We discuss the basics of debits and credits including details of categories in which transactions fall into.
Participants will be able to identify how data flows in and out of the system and how to identify where information for other key reports are found.
Making financial decisions can be difficult in your role. Participants are provided with some decision making skills which will help them find solutions and make choices with less stress and difficulty.
As an annual report will summarize a company’s fiscal year the format can take on a different style. As a report is created to give the best impression of the company, the information within a report can be padded. We assist participants to be better at reading Annual reports effectively.
Learn how to identify a low risk or high risk company by using equity and shareholder returns. Our trainer will show participants how to determine the risk level in some examples.
Budgeting is important when it comes to the finances within an organisation. We discuss the role of budgets and how to prepare one for your business.
Very few businesses will process information manually. Most of the time computers and software will be used in developing reports and financial information. This session discusses the needs to each participant that will be required to have for financial reporting.
Every organisation deals with situation that can impact the people they work with. We go through some of the hurdles you may meet when working with the finance side of a company.
Accounting Skills for New Supervisors Outline
Course Introduction
We’ll start our workshop by introducing ourselves and discussing our learning objectives. This will set the stage for a day as we explore topics that’re relevant to each participants specific goals.
Topics covered in this course
Understanding The Basics
During this start of this session participants will gain insights into their roles and how they accounting skills fit into the operations of a company. We’ll also provide an overview of stakeholders involved in a business finances along with resources for further learning about related organisations at local and global levels.
Exploring The Accounting Cycle
In this session we’ll delve into the intricacies of accounting. Participants will learn about the four phases of an accounting cycle. You will get an understanding of important concepts such as cash versus accrual methods. Don’t miss out on this opportunity to enhance your knowledge in business finance!
Key Financial Reports
This session is designed to help participants dive into tools, for financial analysis. We will examine balance sheets, income statements, cash flow statements and other essential documents. To wrap things up on a positive note we’ll end with a review activity that allows everyone to reinforce their understanding.
Lets Talk About Keeping Track
In this session we will delve into the basics of managing records. From organising accounts, to understanding the difference between double entry accounting methods we’ll cover everything you need to know for budgeting!
A Quick Look at Financial Terminology
Join us for this session where you’ll gain access to a variety of tools and receive expert guidance based on factual information. Additionally you can expect to learn how to calculate ratios that will aid in making decisions and acquire the skills to interpret annual reports. We’ll also provide you with resources and tools that simplify the complexities of investments in relation to debits and credits.
Understanding Debits and Credits
During this session we’ll dive into concepts like debits and credits. Knowledge for anyone looking to take control of their finances.
Your Toolbox for Financial Analysis
For this session we have prepared a financial analysis toolbox that equips participants with the resources and tools for handling financial data effectively. We will also share tips on extracting information while filtering out the unnecessary noise. Furthermore you’ll have a chance to learn how to calculate ratios read reports with ease and use decision making tools that truly matter.
Identifying High and Low Risk Companies
Participants will leave this session equipped with all the criteria needed to identify companies across risk levels.
The Fundamentals of Budgeting
In this session we will focus on understanding how to create a budget what it entails and why it is crucial, for planning and ongoing financial management. Get ready to gain insights into building your portfolio and leveraging the skills you acquire from this session.
Working Smarter
This session provides an opportunity to gain guidance on enhancing computer skills for success in todays digital world. Additionally you’ll explore tips and techniques for selecting accounting programs that align with your needs.
People and Numbers
You will delve into concepts such as identifying discrepancies in expense reports and making decisions regarding salary cuts. This program encourages collaboration, among attendees to explore the management strategies available.
Workshop Wrap-Up
Following a day of learning participants will be asked to create an action plan and put some goals into motion to make sure they practice what was discussed within the course.
Learning Outcomes
- The art of finance and financial management
- Key financial terms
- Their role in company finances
- Where to find the rules and regulations for their area and industry
- Various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
- How a chart of accounts is created
- Cash and accrual accounting
- Single and double entry bookkeeping
- Debits and credits
- Identifying and analysing important financial data
- Making financial decisions
- Reading annual reports
- Determining whether a company is financially high or low risk
- Different types of organisational financial plans
- What budgets are and how to prepare them
- What computer skills they need to make you a financial whiz
- Dealing with financial situations that impact the people that work for them
Customised Training Session For Teams (Included No Charge)
Our customisation options are second to none, with the ability to design a completely unique course tailored specifically for you and your team. We combine modules from our comprehensive training library – no matter what content, logo, image or colors required- and create an exclusive bespoke experience.
In-House Customised training benefits:
- Flexible length – You choose the length of the session
- Highly Effective Team/Industry Specific
- Certificate of Completion (Professional Grade)
- Create a Team Building environment
- Cost effective – Group rate discount
- Printed courseware (No need to download or use an App to read)
Creating Content (Contact us for Quotation)
Instructor Led 1 on 1 Workshop
Our expert trainers are here to guide you on your educational journey! Receive tailored instruction and one-on-one guidance, at a time that fits into your schedule. With personalised online sessions via Zoom, our courses provide 4 – 6 hours of training in an efficient yet engaging format.
1 Hour Instructor Led Session
Upscale your workplace skills or pick up a new module with one of our experienced trainers! Delivered online via Zoom, this convenient and comprehensive 1hr session can help you gain the extra edge for any work activity.
Self Directed Online Course
Take your learning into your own hands with our prerecorded courses featuring a variety of activities, assessments and videos. Create the perfect schedule – complete each course at whatever pace suits you!
What's Included?
- Reference Material
- Recording For 1 on 1 Available
- Professional Trainers
- Certificate Option Available
- Post Course Email Support
Classroom Booking 1 Hr
Book in a 1hr session with one of our trainers
$110.00 AUD (per session)
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