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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Reach us at +44 1344 961530 or info@pentagonit.co.uk for more information.

About Kingston upon Hull

Kingston upon Hull also known as Hull is a city and unitary authority located in East Riding of Yorkshire, England. It is situated on River Hull, 40 km inland from the North Sea and has a population of 260,220. In the 12^th century, this town was discovered. Monks of Meaux Abbey required a port from wool from estates could be exported. These monks choose a place at the confluence of River Humber and Hull to construct quay.

Year in which this town was discovered is not yet known, but it was first mentioned in 1193. It was renamed Kings-town-upon Hull by King Edward 1 in 1299. Hull has been a military support port, market town, whaling and fishing centre and industrial metropolis. In English Civil Wars, Hull was an early theatre of battle. William Wilberforce took a significant part in the abolition of slave trade done in Britain.

From 1902, the city is unique in the United Kingdom has had a municipally owned telephone system. After facing massive damage during Second World War. At the beginning of 21^st century, after facing recession in the late 2000s, the city saw a large amount of new commercial, retail, public and housing service construction spending.

Tourist attractions of Kingston Upon Hull include Museum Quarter, Old Town, The Deep, Hull Marina that is a city landmark. Redevelopment of Ferensway, include the opening of St Stephen’ Hull and new Hull Truck Theatre. Sports in Kingston Upon Hull include Football and Rugby. KCOM study houses Hull City football club and Hull FC rugby league club. Hull is home to English Premier Ice Hockey League Hull Pirates.

The University of Hull was discovered in 1927, and now It has more than 16000 students. It is ranked as the best university in the Yorkshire and Humber region, and it is located in Newland suburb that is in the north-west of the city.

In 2013, it was announced that Hull would be 2017 UK City of Culture.

In 2015, it was announced that Ferens Art Gallery would host prestigious annual art prize called the Turner Prize in 2017. After this, the prize was held outside London every year.

History

The population of Hull in 1901 was 239,000, and it continued to increase. City Hall was built in 1909 and Guildhall in 1916. During 20^th century facilities in Hull improved. In the 1920s and 1930s, slum clearance started in the centre of Hull. Many new council houses were built on West, North and East of the city. At the beginning of 20^th-century various houses in Hull didn’t have flushing facility. In 1929, fences of Hull were extended to include part of Anlaby and Sutton. Queens’s gardens were laid out on a site filled in the dock. Hull suffered depression in the 1930s, and many Dockers got unemployed, similarly in the shipbuilding industry. In 1954, Hull University was founded. In 2001 an aquarium called The Deep was opened in Hull. Later at the beginning of 21^st century, various parts of Hull were regenerated. Fish Market of Hull was closed in 2011. In 2017 Hull became UK City of Culture. Now the population of Hull is 258,000.