Accounting Skills for New Supervisors

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. Even better, financial terms are not as scary as they seem! During this two-day workshop, you will learn the basic financial skills that you need to become a successful, effective, supervisor.

What Will Students Learn?:

Understand the art of finance and financial management and your role in company finances
Become familiar with key financial terms, including where to find regulations for your area and industry
Become familiar with various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
Understand how a chart of accounts is created, the differences between cash and accrual accounting, and single vs. double entry bookkeeping
Understand how to identify and analyze important financial data to make financial decisions
Know what budgets are and how to prepare them
Identify what computer skills you need to make you a financial whiz
Be prepared to deal with financial situations that impact the people that work for you

What Topics are Covered?:

Getting the Facts Straight
The Accounting Cycle
The Key Reports
Keeping Score
Understanding Debits and Credits
Your Financial Analysis Toolbox
Identifying High and Low Risk Companies
The Basics of Budgeting
People and Numbers

What’s Included?:

Instruction by an expert facilitator
Small, interactive classes