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. Available Australia wide including Darwin, Perth, Adelaide, Melbourne, Parramatta, Canberra, Brisbane, Gold Coast and Sydney.
Objectives for the Accounting Skills for Supervisors Training
This session will help teach your employee(s):
- 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 Supervisors Training Summary
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.