Course outline for
Accounting Skills for the New Supervisor

How to Use This Guide

Session One: Course Overview

Session Two: Getting the Facts Straight

Starting with the Basics

General Accepted Accounting Principles (GAAP)

Getting to Know the Players

Identifying the Key Players in Your Organization

Governing Organizations

Session Three: The Accounting Cycle

Underlying Principles

Overview of the Accounting Cycle

Case Study: Happy Haircuts

Session Four: The Key Reports

The Income Statement

Sample Income Statement

The Balance Sheet

Sample Balance Sheet

The Cash Flow Statement

Statement of Retained Earnings

Session Five: Keeping Score

Understanding the Chart of Accounts

Single vs. Double Entry Accounting

Self-Test

Session Six: A Review of Financial Terms

Session Seven: Understanding Debits and Credits

Understanding Debits and Credits

Working with Debits and Credits

Session Eight: Your Financial Analysis Toolbox

Identifying the Relevant Data

Analyzing the Data

Reading Annual Reports

Case Study

Using Charts and Graphs

Using Ratios for Decision Making

Session Nine: Identifying High and Low Risk Companies

General Guidelines

Case Study

Session Ten: The Basics of Budgeting

Defining a Budget

The Budgeting Process

Case Study

Session Eleven: Working Smarter

Computer Survival Skills

Things to Consider When Choosing Accounting Software

Session Twelve: People and Numbers

Recommended Reading List

Post-Course Assessment

Pre- and Post-Assessment Answer Keys

Personal Action Plan