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 Birmingham

Birmingham with a population of 1,101,360 (as of 2014) is a city in the West Midlands, England. Birmingham gained importance when the Industrial Revolution started. This saw many advances in science and technology. Economic development responsible for today’s industrial society also happened during this period. By 1791, Birmingham was being referred as the first manufacturing town in the world.

The Brummies will always remember the years from 1940 to 1943. The Germans heavily bombed Birmingham during this period. Though this caused a lot of damage, the efforts of the planners and designers led to the redevelopment of Birmingham in the coming decades.

Going by the city’s nickname Brum, its citizens are called Brummies. The dialect of Birmingham is Brummagem.There is a distinctive Brummie accent and dialect.

Education

Primary and Secondary

Birmingham City Council is England's largest local education authority. It is directly or indirectly responsible for all the schools in Birmingham. It provides around 3,500 adult education courses throughout the year. The Birmingham City Council runs most of the community schools . However, there are a large number of voluntary aided schools within the state system. Since the 1970s, most secondary schools in Birmingham have been 11-16/18 large schools. Post GCSE students have the choice of continuing their education in either a school's sixth form or at a college.

Further and higher education

Birmingham is home to five universities. The city also hosts major campuses of the University of Law and BPP University, as well as the Open University's West Midlands regional base. In 2011 Birmingham had 78,259 full-time students aged 18–74. This number was more than any other urban location in the United Kingdom outside London. Birmingham has 32,690 research students, also the highest number of any major city outside London.

Cricket

Warwickshire County Cricket Club play at Edgbaston Cricket Ground. The ground also hosts test cricket and one day internationals. It is the largest cricket ground in the United Kingdom after Lord's. Edgbaston was the scene of the highest ever score by a batsman in first-class cricket, when Brian Lara scored 501 not out for Warwickshire in 1994.