Accounting Skills for New Supervisors QLS Level 3

Unit 1: Introduction to Accounting and Finance

Gain an understanding of accounting fundamentals, including GAAP, the accounting cycle, and key reports that help track business finances, while also exploring the chart of accounts and comparing single vs. double entry systems.

Unit 2: Understanding Debits and Credits

Learn how to work with debits and credits to keep accurate financial records and use ratios, financial analysis tools, and annual reports to identify high and low-risk companies for informed decision-making.

Unit 3: The Basics of Budgeting

Discover how to define a budget, plan the budgeting process, and acquire essential computer skills to manage and control business finances effectively.

This course is ideal for individuals in or aspiring to supervisory roles that need a strong foundation in accounting and finance. Career prospects include:

• Team Supervisor
• Finance Assistant
• Department Coordinator
• Administrative Supervisor
• Junior Accountant
• Office Manager

It also serves as an excellent stepping stone to higher-level accounting qualifications or finance-focused leadership positions.

Upon successful completion of the course, learners will receive:

• An endorsed Certificate of Achievement at QLS Level 3
• Formal recognition of your skills in accounting and budgeting
• A credential to enhance your CV and increase employability in management or finance-related roles

What are the skills for a supervisor
Strong communication, time‑management, delegation, conflict‑resolution, and the ability to motivate and coach team members are core supervisory skills.

What is the role of an accounting supervisor
An accounting supervisor oversees daily bookkeeping, ensures compliance with accounting standards, reviews financial statements, and mentors junior staff to maintain accurate records.

What kind of skills do you need for accounting
Key skills include numerical proficiency, attention to detail, knowledge of GAAP/IFRS, analytical thinking, and familiarity with accounting software such as QuickBooks or Xero.

How do I prepare for an accounting supervisor interview
Review core accounting principles, be ready to discuss past leadership experiences, analyze sample financial statements, and prepare examples that show problem‑solving and team‑management abilities.

How do I prepare myself to be a supervisor
Build technical expertise in your field, seek leadership opportunities, develop communication and coaching skills, and learn basic HR principles such as performance feedback and conflict resolution.

Course‑Specific FAQs (Accounting Skills for New Supervisors QLS Level 3)

What topics are covered in this Level 3 course
The programme introduces GAAP fundamentals, the accounting cycle, debits and credits, basic financial analysis, and practical budgeting techniques for supervisors.

Is prior accounting knowledge required to enrol
No. The course starts with foundational concepts, making it suitable for supervisors transitioning from non‑finance roles.

Will the course help me create and manage budgets at work
Yes. Unit 3 walks you through defining, planning, and monitoring budgets, including hands‑on practice with common spreadsheet tools.

Does the course include practical exercises or case studies
Each unit concludes with interactive assessments and scenario‑based tasks that reinforce real‑world application of accounting skills.

What certification will I receive after completing the course
Successful learners earn a CPD‑accredited certificate from OHSC along with a CPD Courses Certificate of Completion, demonstrating Level 3 competence in supervisory accounting skills.