Description

Duration

1 Days

6 CPD hours

Overview

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.

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.

1 - Getting the Facts Straight

The first session will go over basic financial terms

Explore their role in company finances

Governing organizations in their area.

2 - The Accounting Cycle

Four phases of the accounting cycle

Key concepts: cash vs. accrual methods

3 - The Key Reports

Take a close look at balance sheets and income statements

Review cash flow statements and statements of retained earnings

4 - Keeping Score

Explain the chart of accounts and single vs. double entry accounting.

5 - A Review of Financial Terms

Introduction to some additional financial terms.

6 - Understanding Debits and Credits

De-mystify accounting terms: debits and credits.

7 - Your Financial Analysis Toolbox

Sources for financial data

Tips on weeding out useless information

Calculate common ratios

Read an annual report, and some useful decision-making tools.

8 - Identifying High and Low Risk Companies

Guidelines for identifying high and low risk companies.

9 - The Basics of Budgeting

What is a budget?

How a budget fits into the big picture

The budgeting process

10 - Working Smarter

Basic checklist of computer skills required for success

How to choose an accounting package

11 - People and Numbers

Dealing with finances

Expense Reports

Making cuts to someone?s pay?

Provide tips on what to do.

Additional course details:

Nexus Humans Accounting Essentials training program is a workshop that presents an invigorating mix of sessions, lessons, and masterclasses meticulously crafted to propel your learning expedition forward.

This immersive bootcamp-style experience boasts interactive lectures, hands-on labs, and collaborative hackathons, all strategically designed to fortify fundamental concepts.

Guided by seasoned coaches, each session offers priceless insights and practical skills crucial for honing your expertise. Whether you're stepping into the realm of professional skills or a seasoned professional, this comprehensive course ensures you're equipped with the knowledge and prowess necessary for success.

While we feel this is the best course for the Accounting Essentials course and one of our Top 10 we encourage you to read the course outline to make sure it is the right content for you.

Additionally, private sessions, closed classes or dedicated events are available both live online and at our training centres in Dublin and London, as well as at your offices anywhere in the UK, Ireland or across EMEA.

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Accounting Skills

By Nexus Human

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