This Accounting Skills for Supervisors Session gives supervisors all the necessary accounting skills at the supervisory level. This is usually done for teams, but we can also offer this online as an individual training session to help any employee use their accounting skills more effectively.
Some areas of accounting may be difficult for employees to understand or can get overlooked due to a lack of experience or knowledge. Although there are many terms such as depreciation and cash flow, budgets can make you cringe. However, they are necessary for success. Participants will learn the basics, as well as the more complicated areas, of accounting.
This course is for people who want to learn new accounting skills that will help them achieve success in their job. This course combines classroom learning with hands-on experience. You can also learn about managing collections and disbursement as well as controlling expenses and cash flow. These short intensive courses are designed to give participants the skills necessary to succeed in their chosen field.
We can also create a training session for you if this is not what you want.
Training for supervisors in accounting skills available across Australia, including Darwin, Perth and Adelaide.
Financial Management and the Art of Finance
The trainer explains how finance is all about managing and raising money. The three-step process of financial management is also explained.
Key Financial Terms
When working with finances, it is important to be familiar with the financial terms. Participants will be provided with all key terms and discussed the differences.
Their role in company finances
Each participant will have a different approach to managing finances depending on their role. In an interactive discussion, the trainer will get to know the participants better. This allows everyone in the group learn more about financial management in the organization.
Where can I find the rules and regulations for their area and industry title?
It is crucial to know where resources can be found. Participants are provided with a list of resources and brief discussions on the reasons for the regulations.
There are many types of financial reports, including Income Statements and Balance Sheets as well as Cash Flow Statements.
Participants will be provided with examples of documents that can be used in the workplace, such as income statements, cash flow statements, and balance sheets. Employees will be able to recognize and provide these documents if they have a template and an understanding of how they can be laid out.
How to create a Chart of Accounts
Participants will be able to see how important a hierarchy of accounts is and how transactions flow through a company.
Accrual and Cash Accounting
These areas are more accessible to participants.
Bookkeeping Single- and Double-Entry
Participants will learn about both accounting methods and be able to choose which one is best for their business.
Credits and debits
We will discuss the basics and details of credit and debits, as well as the categories into which they fall.
Analyzing and identifying important financial data
Participants will learn how data flows into and out of the system, and where key reports can be found.
Making financial decisions
Financial decisions can be challenging in any job. Participants will be taught some decision-making skills that will allow them to find solutions and make decisions with less stress.
Reading Annual Reports
An annual report can be a summary of a company's fiscal years. However, it is possible to have a different format. The report's purpose is to present the best possible impression of the company. Participants are assisted in reading annual reports more effectively.
How to determine if a company is financially high- or low-risk
Use equity and shareholder returns to determine if a company is high-risk or low-risk. In some cases, our trainer will demonstrate how to determine risk levels.
What budgets are and how to prepare them
Budgeting is essential when it comes down to finances within an organization. We will discuss the importance of budgets and how you can prepare one for your company.
How to become a financial wizard with computer skills
Few businesses will manually process information. Software and computers are used most often to create reports and financial information. This session will discuss the requirements of each participant for financial reporting.
How to deal with financial situations that impact the people who work for you
Each organisation has to deal with situations that could impact their employees. Here are some hurdles that you might encounter when dealing with finance in a company.