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Accounting Skills for New Supervisors QLS Level 3
Course at QLS 3
Study Method Online
Course Duration 200 Hours
Start Date Ongoing
Endorsement Endorsed by Quality Licence Scheme
Pay in Instalment Full Fee £ 112, Deposite £ 28, ( £ 7/month )
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Pay in Instalment Full Fee £ 112, Deposit £ 28, (£ 7/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 Endorsement

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

This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

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 
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