About this course
Gives newly promoted supervisors the accounting grounding they need to manage their team's numbers. Topics include reading an income statement and balance sheet, the difference between cash and profit, cost behaviour, departmental budgets and variance reports, and basic controls over spending, petty cash and approvals. The emphasis is on interpreting reports and asking the right questions rather than on bookkeeping.
Why this course
Supervisors are often promoted for technical or operational strength and then expected to manage budgets and sign off expenditure without any accounting training. The gaps show up as overspent budgets, weak approvals and poor explanations of variances. A short grounding in accounting helps new supervisors control costs, work well with the finance department and account for their area's results.
What delegates will be able to do
By the end of the course, delegates will be able to
- Read a basic income statement, balance sheet and cash flow statement
- Explain the difference between profit and cash to team members
- Prepare a simple departmental budget and monitor actual spending against it
- Investigate and explain variances in monthly management reports
- Apply basic controls when approving expenditure and petty cash claims
Who should attend
Newly appointed supervisors, team leaders and junior managers from operational, technical and administrative functions who now hold budget or approval responsibility. No prior accounting training is assumed.
How it is delivered
Short facilitator inputs followed by hands-on exercises with sample reports, budget templates and variance cases drawn from typical departmental situations. It is available as a public course, in-house at your premises, or as live virtual sessions. Duration and dates are confirmed in your quote, and in-house groups can have the examples and exercises fitted to their organisation.