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Accounting Skills for New Supervisors

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Accounting Skills for New Supervisors

Price: $ 49.95+GST

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 business, particularly as a manager. This course will help you get started in the accounting world.

In course, you will learn the basics of accounting, including financial terms, generally accepted accounting principles, the accounting cycle, key financial reports, financial analysis tools, and budgeting.

Table of Contents

1. Course Overview
2. Getting the Facts Straight
Starting with the Basics
General Accepted Accounting Principles (GAAP)
Getting to Know the Players
Identifying the Key Players in Your Organization
Governing Organizations
3. The Accounting Cycle
Underlying Principles
Overview of the Accounting Cycle
Case Study: Happy Haircuts
4. The Key Reports
The Income Statement
Sample Income Statement
The Balance Sheet
Sample Balance Sheet
The Cash Flow Statement
Statement of Retained Earnings
5. Keeping Score
Understanding the Chart of Accounts
Single vs. Double Entry Accounting
6. A Review of Financial Terms
7. Understanding Debits and Credits
Understanding Debits and Credits
Working with Debits and Credits
8. Your Financial Analysis Toolbox
Identifying the Relevant Data
Analyzing the Data
Reading Annual Reports
Case Study
Using Charts and Graphs
Using Ratios for Decision Making
9. Identifying High and Low Risk Companies
General Guidelines
Case Study
10. The Basics of Budgeting
Defining a Budget
The Budgeting Process
Case Study
11. Working Smarter
Computer Survival Skills
Things to Consider When Choosing Accounting Software
12. People and Numbers
13. Personal Action Plan
14. Recommended Reading List
15. Post-Course Assessment