Accounting Skills For Supervisors Training

The Accounting Skills for Supervisors session can be custom designed to suit your employees and specific industry requirements. Normally for teams, we are able to also provide coaching or one on one sessions in certain areas across Australia. This Accounting Skills for Supervisors Session is designed to provide supervisors the needed accounting skills at the supervisory level. Although we normally conduct this for team groups, we are able to also provide this as a one on one session to assist any individual that may require this type of training.

There are many areas to accounting that may scare employees and get forgotten due to lack of knowledge or experience in those areas. There are terms like depreciation, cash flow, balance sheet, and budgets that may make us cringe, however, these are all necessary to succeed. This session will help understand the basics and not so basic areas of accounting.

Not the training session you wanted? We can create one for you, or we may have another similar that may be just what you are looking for. For more information on this training session or for more details please contact us.

Accounting Skills for Supervisors Training available Australia wide including Darwin, Perth, Adelaide, Melbourne, Parramatta, Canberra, Brisbane, Gold Coast and Sydney.

The Art of Finance and Financial Management

Our trainer discusses how finance is the art of raising, managing, and making money. We also provide the three step process in financial management.

Key Financial Terms

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.

Their Role in Company Finances

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.

Where to Find the Rules and Regulations for Their Area and Industry Title

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.

Various Types of Financial Reports,including Income Statements, Balance Sheets, Cash Flow Statements

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 Recognize and Provide These Documents.

How a Chart of Accounts is Created

Participants will learn how vital the hierarchy of accounts is in order and to understand how the transactions flow through a business.

Cash and Accrual Accounting

These two areas are developed more for participants to understand.

Single and Double Entry Bookkeeping

We help participants learn more about the two different methods of accounting and illustrate which is use to their business.

Debits and credits

We discuss the basics of debits and credits including details of categories in which transactions fall into.

Identifying and Analyzing Important Financial data

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

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.

Reading Annual Reports

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.

Determining whether a company is financially high or low risk

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.

What Budgets are and How to Prepare them

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.

What Computer Skills You Need to Make You a Financial Whiz

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.

Dealing with Financial Situations that Impact the People that Work for Them

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

Lesson 1

Overview

  • Learning Objectives
  • Personal Objectives

Lesson 2

Getting the Facts Straight

  • Basic Financial Terms
  • Getting to Know the Players
  • Governing Organizations

Lesson 3

The Accounting Cycle

  • The Four Phases of Accounting
  • Underlying Concepts
  • Cash vs. Accrual Methods of Accounting

Lesson 4

The Key Reports

  • The Income Statement
  • The Balance Sheet
  • Current vs. Fixed Assets
  • The Cash Flow Statement
  • The Statements of Retained Earnings

Lesson 5

Keeping Score 

  • Chart of Accounts
  • Single vs. Double Entry Accounting

Lesson 6

A Review of Financial Terms 

  • Review and Exercise
  • Introduction to other Financial Terms

Lesson 7

Understanding Debits and Credits 

  • De-mystify Debits and Credits
  • Working with Debits and Credits

Lesson 8

Your Financial Analysis Toolbox

  • Identifying the Relevant Data
  • Analyzing the Data
  • How to Calculate Common Ratios
  • How to Read an Annual Report
  • Using Ratios for Decision Making

Lesson 9

Identifying High and Low Risk Companies

  • General Guidelines
  • Low-Risk Corporations
  • High-Risk Corporations
  • Case Study

Lesson 10

The Basics of Budgeting 

  • What is Budget
  • Where Does the Budget Fit In
  • The Budgeting Process

Lesson 11

Working Smarter 

  • Computer Survival Skills
  • Choosing Accounting Software

Lesson 12

People and Numbers 

  • Examining the Situation
  • Providing Tips

Lesson 13

Workshop Wrap-Up 

  • Opportunity to Ask Questions
  • Personal Action Plan
  • Recommended Reading List
  • Course Evaluation
  • General Evaluation
Additional Modules and Sample Sections

The Art of Finance and Financial Management

Our coach discusses how financing is the art of raising, managing, and making money. We also supply the 3 step procedure in financial administration.

Key Financial Terms

Its always important to comprehend the crucial financial conditions when working with financing. We provide all the important conditions to participants and discuss the differences between each.

Their Role in Business Finances

Every player will be working with financing differently in their own role. Our trainer will find out more about the participants in an interactive conversation that permits all in the group to find out more about financial management within the organisation.

Where to Discover the Rules and Regulations for Their Region and Industry Title

It’s important to understand where to locate gain resources. A list of resources is offered to the participants along with a brief discussion on why the rules and regulations are significant.

Various Kinds of Financial Reports,including Income Statements, Balance Sheets, Cash Flow Statements

Participants are given examples of files in the office like fiscal reports, income statements, balance sheets and cash flow statements. Having a Template and comprehension of how these may be set out will help employees become capable to recognize and offer these Documents.

How a Chart of Accounts is Made

Participants will discover how essential the hierarchy of accounts is to be able and to understand how the trades flow through a small business.

Cash and Accrual Accounting

Both of these areas are developed more for participants to understand.

Single and Double Entry Bookkeeping

We help participants find out more about the two unique procedures of bookkeeping and exemplify that is use to their company.

Debits and credits

We discuss the fundamentals of debits and credits including details of classes where trades fall into.

Identifying and Assessing Important Financial data

Participants will have the ability to identify how information flows in and out of the machine and how to identify in which data for other important reports are found.

Making Financial Decisions

Making financial decisions can be hard in your role. Participants are supplied with some decision making skills that can help them find solutions and create decisions with less anxiety and difficulty.

Reading Annual Reports

As an annual report will outline a organization’s fiscal year the arrangement can take on another style. As a report is created to provide the best impression of the business, the information in a report can be cushioned. We help participants to be better at reading Annual reports efficiently.

Determining If a company is financially low or high risk

Discover how to identify a low risk or higher risk company by utilizing equity and shareholder returns. Our coach will show participants how to ascertain the risk level in certain examples.

What Budgets are and how to prepare them

Budgeting is important when it comes to the financing in an organisation. We discuss the use of budgets and how to prepare you for your company.

What Computer Skills You will want to make you a Financial Whiz

Not many companies will process information manually. The majority of the time software and computers will be utilised in creating reports and financial advice. This session discusses the needs to each player which will have to get for financial reporting.

Dealing with Financial Situations that Impact the People Who Work for Them

Every organisation deals with situation that could impact the people they work with. We go through some of the hurdles you may meet when working with the finance facet of a business.

Customised Training Session For Teams (Included No Charge)

Full customisation options available on request. All courses can he adapted and edited to suit the exact needs of you and your team. We do this by utilising our extensive training library and pulling modules from different areas and customise you a course of your very own. From content to logo, images to colours we really make it your own.

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)

Created courses are better courses. No more generic courseware or content that doesn’t really suit your needs. We can create a training session for you and build a workbook to suit your needs. Your training courses will stand out with your very own courseware and objectives. Employees connect better with custom or created content and the training becomes more effective. Learn more about how our team can create content for your training needs.

Instructor Led Online Only Available

Download Certificate of Completion $495 inc GST
Printed and Posted Certificate of Completion $515 inc GST

Our company’s training courses are far from just words and links on a website for our client’s perusal. Paramount also provides a personal online trainer for each course that our clients request, so that they always have the assistance of an expert to mentor them in their training as they take it at their own pace. We at this company are dedicated to helping our clients grow in the best way possible, so we only offer licensed experts to assist them as they learn from our online courses. Book a Paramount course today!

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