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Accounting Skills for New Supervisors
Course Level 3
Study Method Online
Course Duration 260 Hours
Start Date Ongoing
Endorsed By Endorsed By ABC Awards and Certa Awards
Pay in Instalment Full Fee £ 395, Deposite £ 95, ( £ 25/month )
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Pay in Instalment Full Fee £ 395, Deposite £ 95, (£ 25/month)
you can pay Staff Training Solutions using payatrader
Course Overview

Accounting Course Online 

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!

 What Will Students Learn?

  • 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
Course Syllabus

Unit 1

Introduction to Accounting and Finance

The unit 1 covers the following topics:

  • General Accepted Accounting Principles (GAAP)
  • The Accounting Cycle
  • The Key Reports
  • Understanding the Chart of Accounts
  • Single vs. Double Entry Accounting

 Unit 2

Understanding Debits and Credits

The unit 2 covers the following topics:

  •  Understanding Debits and Credits
  • Working with Debits and Credits
  • Financial Analysis Toolbox
  • Useful Ratios
  • Net and Gross Profit Margin
  • Reading Annual Reports
  • Using Ratios for Decision Making
  • Identifying High and Low Risk Companies

 Unit 3

The Basics of Budgeting

The unit 3 covers the following topics:

  •  Defining a Budget
  • The Budgeting Process
  • Computer Survival Skills
Career Path

Upon completion of the course, your new skills and knowledge will enable you to competently and confidently tackle key business accountancy tasks. This introductory course serves as an ideal starting point for those with little or no existing accountancy experience. Career options vary from in-house accounts management with larger firms to ad-hoc personal accountancy service provision. To stand out as an elite supervisor or manager, a strong grasp of core accountancy duties is essential. 

Course Accreditation

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme.  This means that Staff Training Solutions has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. 

The course itself has been designed by Staff Training Solutions to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met.  A review of courses is carried out as part of the endorsement process.

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Who should take this course
  • Managers and supervisors in need of fundamental accountancy training
  • Candidates pursuing promotion to supervisory or managerial levels
  • Employees interested in moving into accountancy
  • Business-owners looking to take care of their own accountancy
  • Professionals interested in earning recognised qualifications/accolades
  • Anyone looking to improve their CV and career prospects