Finance Fundamentals

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Introduction
Course Details
Course Content
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A Quick Glance

Gain the skills to navigate Your way around the application interface
Delegates will be able to success with your Business Finances
Guaranteed lowest price in the industry
Understand the best practices within Finance Fundamentals

Finance Fundamentals course is the Speed Reading Course in the Business Skills Training. This training provides a comprehensive introduction to corporate financial management. The subject links the mathematics of finance, valuation and investment analysis. Portfolio theory provides the relationship between risk and discussion of capital structure. The focus is on creating shareholder value, financial and management within the organization to produce effective outcomes.

Who should take this course

Insurance professionals
Business managers and business owners
Finance and accounting personnel
Assistant-Treasurers, Treasury employees
Bank and financial institution employees
Law professionals
HR professionals
Government employees
Administrators
Not-For-Profit administrators and managers
Professionals in career transition

Prerequisites

There are no prerequisites for this course

Apply the fundamentals of financial management in the workplace
Interpret the primary financial statements and make decisions that are in the financial interest of your organisation
Understand the principal accounting terms, including recognising the difference between cash and accrual accounting
Calculate the key financial ratios and understand the results so you can identify significant issues, prepare recommendations and apply strategies to improve cash flow
An understanding of the key drivers of business value and how to work with them
The fundamentals of personal finance (income, assets, liabilities, expenses) and how they relate to your life
How to get started on a long term investment plan
What key numbers you need to know about your student loans, as well as the key resources for finding loan servicers and negotiating payment plans
Describe the role and objective of financial management
Recognise and apply the time value of money formulae
Explain the risk/return tradeoff using examples from Portfolio Theory and the Capital Asset Pricing Model
Value bonds and common stocks
Apply concepts of cash flow analysis, evaluation techniques and the cost of capital for capital budgeting
How to get out of debt if you are already in it (and how to stay out of debt forever)
How to check and protect your credit report and credit score
How to build credit even if you have no previous credit history
How to create a budget that will actually work
What to look for when renting an apartment
How to give back to your community
How retirement accounts work and what account is right for them
Two basic principles for business success
An understanding of the purpose and uses of business management information, including management accounts, cash flow, profit and loss statements and balance sheets
An insight into how your management decisions will affect your company's financial decisions
Identify, understand and apply a model for financial decision-making
Identify and appreciate how human behaviour affects financial decisions
Identify and understand how financial needs change over the life course
Identify and understand the impact of inflation and tax on incomes
Apply and appreciate the social and economic factors that influence spending
Design and manage a household budget
Identify and understand insurance products and when to buy them
An understanding of how to use financial information to drive and measure business improvement
An understanding of the mechanics of cost structures and pricing decisions with options for development.

Key Learning Points

Tutor Support

Courseware

Course Overview

Finance Fundamental course explains about basic financial concepts and theories. Which enable you to better understand financial decisions facing individuals and modern business organisations. This course highlight the practical application of financial concepts. It includes personal finance issues, awareness of stock market, financial operations, and much more.

Exam:

Exam Type: Objective
Duration: 90 minutes
Pass %age: 45

Course Content

Module-1

Basics with the Customers (Sales & Debtors)

Invoicing, Credit Notes & Statements
Sales & Debtors Control
Credit Control & Debt Collection

Basics with the Suppliers (Purchases & Creditors)

Invoicing, Credit Notes & Statements
Purchases & Creditors Control
Credit Control & Debt Collection

Basics with the Banks (Cash Management)

Receipts & Lodgements
Payments
Recording & Reconciliation

Accounting & Financial Statements

Profit & Loss Account
Balance Sheet

Understanding Cash Flow

Cash versus profit
Cash generated from operations
Sources and Uses of Funds

Financial Ratio Analysis

Profitability
Financial status
Efficiency

Budgets and Planning

Breakeven analysis
Budgeting process
Contribution and profit
Matching assets and funding

Module-2

Elements of financial decision-making
How business works - business cash-flow, step-by-step
Cash flow management
Working capital and overtrading
How financial decisions affect the P&L and Balance Sheet
Management information - choosing and using KPIs
Using a few key ratios to analyse your own and competitor accounts
Break-even and margin of safety
Marginal costing, the elasticity of demand and pricing decisions.

Module-3

Introduction to Accounting

What is Accounting
Accounting Assumptions
Assets, Liabilities, and Equity
Accounting Principles
The Accounting Equation

Balance Sheet

Accounting Equation and Balance Sheet
Business Transactions and the Balance Sheet
Classifying Assets and Liabilities
The Balance Sheet in Action

Working with Accounts

The General Ledger
The Chart of Accounts
Using Accounts for Transactions
Understanding Debits and Credits
Double Entry Accounting
Account Balances
Revenue and Expense Accounts

Financial Statements

Introduction to Financial Statements
Revisiting the Balance Sheet
The Income Statement
Statement of Owner's Equity
Generating Financial Statements
The Accounting Period
Business Entities and Financial Statements

Accounting Cycle

Introduction to the Accounting Cycle
Identifying Source Documents
Recording Journal Transactions
Posting to the General Ledger
Generating a Trial Balance
Recording Adjusting Entries
Generating the Adjusted Trial Balance
Preparing Financial Statements
Recording Closing Entries

Finance Fundamentals Enquiry

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About Colchester

Colchester is a large historic city and the main settlement within the Colchester region in Essex country. During 2011 census, it had 121,859 population which was a substantial rise from the preceding survey and with considerable growth since 2001 and continuing structure plans, it has been called as one of Britain's wildest emerging towns. The Colchester is involved to be the oldest town in Britain. It was for a time the capital of Roman Britain and is a member of the Most Ancient European Towns Network.

Colchester is some 50 miles northeast of London and is associated with the capital by the A12 road and the Great Eastern Main Line. It is understood as a popular town for commuters and is less than 30 miles away from Stansted Airport and 20 miles from the nearside ferry port of Harwich.

Colchester is home to Colchester Castle and Colchester United Football Club. It has a Traditional Member of Parliament, Will Quince, who was chosen in the 2015 General Election. The correct demonym is Colcestrian. The River Colne goes through the town.

Climate:

Colchester is in one of the driest areas of the United Kingdom with average annual precipitation at 635 mm, although among the wetter places in Essex. Colchester is usually stared as having an Oceanic weather like the rest of the United Kingdom. Its easterly position within the British Isles makes Colchester less prone to Atlantic despairs and weather facades but more prone to lacks.

This is due to the fact that the most areas in South-East England, Colchester's weather is prejudiced more by Mainland weather designs than by Atlantic weather systems. This leads to a dry climate likened to the rest of the UK all year round and chance excesses of temperatures during the year and quite a few nights below freezing during the winter months. Any rainfall that does come from Atlantic climate systems is typically light, but a few heavy showers and thunderstorms can take place during the summer. Snow falls on average 13 days a year during winter and early spring.

Governance:

The Member of Parliament for Colchester is Will Quince. Colchester Borough Council is the local authority. Control of the borough council has approved between the Traditionalists and Liberal Democrats or has been under no general power, in new years. The political configuration of the board as of the 2015 election:

The town is also branded on Essex County Council, covering six County electoral divisions. Villages within the area are meant by various parish councils. The urban area of Colchester includes only one parish council with the rest of Colchester Town being unparished.

The seat of local government is Colchester Town Hall, a late-Victorian baroque edifice by John Belcher. It is the latest in a sequence of local government structures to have erected on the same site since the 12th century. The 162-foot clock tower was obtainable by James Paxman; it is surpassed by a figure of St Helena, who is related by legend to the town.