New and aspiring leaders and managers or supervisors looking to sharpen their leader skills and gain more understanding of on how to lead efficiently.
This training is designed by experts to boost leadership skills. It has been trained and updated since 2010.
Take full advantage of the combination of this live training and the eTraining access offered afterward. An exclusive offer in the Kenyan market.
Do not just wait to gain experience through time and hardship. This training will allow you to boost your leadership skills NOW and gain a life time experience in just few days.
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, particularly as a manager or supervisor. Even better, financial terms are not as scary as they seem!
Knowledge of financial skills is absolutely necessary in order to become a successful, effective manager. If you find yourself scratching your head when you try to read a budget, have trouble keeping your books organized, or aren’t sure what to make of an annual report, then Accounting Skills for New Supervisors training will be perfect for you.
Beginning with the basics, students learn the science of finance and financial management. Bookkeeping, data analysis, annual reports, budgeting, and the different types of organizational financial plans are all covered, along with the computer skills necessary to really turn you into a financial whiz.
The basics of accounting, including financial terms, generally accepted accounting principles,
The accounting cycle, key financial reports, financial analysis tools, and budgeting.
Describe the art of finance and key financial terms
Determine your role in company finances
Find the rules and regulations for your area and industry
Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
Explain how a chart of accounts is created
Tell the difference between cash and accrual accounting
Explain single-entry and double-entry bookkeeping
Differentiate between debits and credits
Identify and analyze important financial data and make financial decisions
Read annual reports
Determine whether a company is financially high or low risk
Recognize different types of organizational financial plans
Explain what budgets are and how to prepare them
Recognize what computer skills you need to make you a financial whiz
Deal with financial situations that impact the people that work for you
Getting the facts straight
The accounting cycle
The key reports
Keeping score
A review of financial terms
Understanding debits and credits
Your financial analysis toolbox
Identifying high and low risk companies
The basics of budgeting
Working smarter
People and numbers
In this 2 day training, participant will have the chance to engage with a professional qualified trainer and coach and participate in numerous exercises and live quizzes to acquire the skills, theories, methods in this training.
2 days. On Demand
What’s Included:
Related Training:
Course Overview
The first part of the day is about getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.
Getting the Facts Straight
The first session will go over basic financial terms. Then, participants will explore their role in company finances as well as important players in an organization’s finances. To wrap up the session, participants will receive some resources for learning about the governing organizations in their area.
The Accounting Cycle
Next, participants will learn about the four phases of the accounting cycle. They will also learn about key underlying concepts, including cash vs. accrual methods of accounting.
The Key Reports
In this session, participants will take a close look at balance sheets and income statements. They will also review cash flow statements and statements of retained earnings. The session will conclude with a review activity.
Keeping Score
This session will explain the chart of accounts and single vs. double entry accounting.
A Review of Financial Terms
Day Two will start with a review exercise and an introduction to some additional financial terms.
Understanding Debits and Credits
This session will de-mystify two terrifying accounting terms: debits and credits.
Your Financial Analysis Toolbox
This session will give participants some sources for financial data as well as tips on weeding out useless information. We’ll also cover how to calculate common ratios, how to read an annual report, and some useful decision making tools.
Identifying High and Low Risk Companies
In this session, participants will learn about some guidelines for identifying high and low risk companies. Then, they will practice these guidelines in a case study.
The Basics of Budgeting
Next, participants will learn what a budget is, how their budget should fit into the big picture, and what the budgeting process should look like.
Working Smarter
This session will give participants a basic checklist of computer skills required for success. We’ll also talk about how to choose an accounting package.
People and Numbers
Dealing with finances isn’t all numbers. What if an employee’s expense report doesn’t look correct? Or what if you have to make cuts to someone’s pay? Participants will examine each situation in small groups, and then provide some tips on what to do.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form :(
