Programming & Development

Accounting Skills

Introduction:

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 supervisor. Even better, financial terms are not as scary as they seem.

Course Objectives
You will spend the first part of the day 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.

Course Outline:

The first session will go over basic financial terms
Explore their role in company finances
Governing organizations in their area.
Four phases of the accounting cycle
Key concepts: cash vs. accrual methods
Take a close look at balance sheets and income statements
Review cash flow statements and statements of retained earnings
Explain the chart of accounts and single vs. double entry accounting.
Introduction to some additional financial terms.
6 - De-mystify accounting terms: debits and credits. Debits and Credits
Sources for financial data
Tips on weeding out useless information
Calculate common ratios
Read an annual report, and some useful decision-making tools.
Guidelines for identifying high and low risk companies.
What is a budget?
How a budget fits into the big picture
The budgeting process
Basic checklist of computer skills required for success
How to choose an accounting package
Dealing with finances
Expense Reports
Making cuts to someone’s pay?
Provide tips on what to do.

Enroll in this course

$395.00

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