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Certificate In Accounting Skills for New Supervisors Online Course

Learn The Basics Of Accounting

Learn The Basics Of Accounting

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 business, particularly as a manager. This course will help you get started in the accounting world.

In course, you will learn the basics of accounting, including financial terms, generally accepted accounting principles, the accounting cycle, key financial reports, financial analysis tools, and budgeting.

After you complete this Accounting Skills for New Supervisors course, you will be able to:

  • Describe the art of finance and financial management.
  • Explain 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.
  • 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 Fast Facts:

  1. Easy to follow and understand
  2. Only 6 to 8 hours of study is required
  3. Unlimited, lifetime access to online course
  4. Delivered 100% on-line and accessible 24/7 from any computer or smartphone
  5. You can study from home or at work, at your own pace, in your own time
  6. Certificate of Completion

Course Delivery

Courses are accessed online via our learning management system by any device including PC, MAC, tablet or Smart Phone.

Recognition & Accreditation

This course is internationally recognized and accredited by the International Association of Online Training Standards (IAOTS). The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.

Session 1: Course Overview

  • Learning Objectives
  • Pre-Assignment

 Session 2: Getting the Facts Straight

  • Starting with the Basics
  • Recording Financial Transactions
  • Financial Reports vs. Financial Statements
  • General Accepted Accounting Principles (GAAP)
  • Getting to Know the Players
  • The Big Picture
  • Identifying the Key Players in Your Organization
  • Governing Organizations

 Session 3: The Accounting Cycle

  • Methods of Recording Transactions
  • Accounting Periods
  • Overview of the Accounting Cycle
  • Accounting Terms
  • Case Study: Happy Haircuts

 Session 4: The Key Reports

  • What is the Income Statement?
  • Income Statement Equation
  • Income Statement Accounts
  • Sample Income Statement
  • The Balance Sheet
  • Balance Sheet Equation
  • Balance Sheet Accounts
  • Current vs. Fixed Assets
  • Sample Balance Sheet
  • The Cash Flow Statement
  • Sample Cash Flow Statement
  • Statement of Retained Earnings

 Session 5: Keeping Score

  • Understanding the Chart of Accounts
  • Assets
  • Equity
  • Single vs. Double Entry Accounting
  • Double Entry Accounting
  • About Recordkeeping
  • Self-Test

 Session 6: A Review of Financial Terms

  • Match Up!

 Session 7: Understanding Debits and Credits

  • Debits and Credits Demystified
  • Debit and Credit Accounts
  • Working with Debits and Credits

 Session 8: Your Financial Analysis Toolbox

  • Identifying the Relevant Data
  • Analyzing the Data
  • Current Ratio
  • Quick Ratio
  • Net and Gross Profit Margin
  • Caution!
  • Reading Annual Reports
  • Getting Ready
  • Step One: Report by Independent Auditors
  • Step Two: Footnotes
  • Step Three: Financial Statements
  • Step Four: Letters and Analysis
  • Case Study
  • Using Charts and Graphs
  • Column and Bar Charts
  • Bar Chart Example
  • Line Charts
  • Pie Charts
  • Using Ratios for Decision Making
  • Cost-Benefit Analysis
  • Return on Investment
  • A Final Word

 Session 9: Identifying High and Low Risk Companies

  • General Guidelines
  • Stay Up-To-Date
  • Case Study

 Session 10: The Basics of Budgeting

  • Defining a Budget
  • Where Does the Budget Fit In?
  • The Budgeting Process
  • Step One: Gather the Budget Package
  • Step Two: Lay the Groundwork
  • Step Three: Identify Your Goals and Deliverables
  • Step Four: Gather Your Resources
  • Step Five: Plan Your Work
  • Step Six: Do It!
  • Case Study
  • Task

 Session 11: Working Smarter

  • Computer Survival Skills
  • Internet and E-mails
  • Word Processing
  • Spreadsheet Processing
  • In-House Financial System
  • Choosing Accounting Software
  • Making Connections

 Session 12: People and Numbers

  • Making Connections

 Session 13: A Personal Action Plan

  • Starting Point
  • Where I Want to Go
  • How I Will Get There

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet.

Minimum specifications for the computer are:


  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)


  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

Customer Reviews

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Average rating 3.5 out of 5 stars

14 June 2019 05:38:42 AM

Excellent! Very useful and informative!

8 August 2018 01:54:59 PM

very informative

15 June 2018 04:27:33 PM

Good it has a good step by step method so it doesn't feel like its getting over powering.

11 March 2018 02:45:09 AM

Pretty solid basic training on the accounting side of running a small business or being a manager in a larger one.

22 April 2018 03:12:51 PM

This course helps to build a fundamental background and strengthen the accounting concepts

22 April 2018 02:51:04 PM

This course helps to build a fundamental background and strengthen the accounting concepts

8 April 2019 04:41:39 PM

Question 3 and 10 have major spelling mistakes. Overall interesting.

29 March 2019 06:58:43 PM

Great informative course

6 November 2018 04:45:01 AM

was very informative

22 April 2018 03:09:46 PM

This course helps to build a fundamental background and strengthen the accounting concepts.

22 April 2018 03:09:21 PM

This course help to improve and strength the basic knowledge of accounting term and concept.

22 April 2018 03:02:15 PM

This course helps to build a fundamental background and strengthen the accounting concepts.

22 April 2018 03:01:56 PM

This course helps to build a fundamental background and strengthen the accounting concepts.

20 May 2019 06:00:54 PM

Great course,alot of information.

12 April 2019 09:13:01 AM


22 January 2019 03:21:03 PM

Short and easy to understand difficult navigation of course

22 January 2019 03:09:31 PM

Short, precise easy to understand although still issues with navigating through the course.

19 June 2018 01:57:18 PM

Interesting and learnt a lot

22 April 2018 03:04:33 PM

This course helps to build a fundamental background and strengthen the accounting concepts.

31 May 2019 03:31:38 PM


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Course Summary

Course ID No.: 002ASNSOC
Delivery Mode: Online
Course Access: Unlimited Lifetime
Time required: Study at your own pace
Course Duration: 6 - 8 Hours
Assessments: Yes
Qualification: Certificate