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 Guildford

Guildford is a large and famous town in Surrey, United Kingdom, located 27 miles (Approx 43 km) south-west of central London on the A3 trunk road midway between the Portsmouth and capital. The town has a population of approx 77,000 and is the seat of the wider Borough of Guildford which had an estimated 146,100 inhabitants in 2015.

Guildford has historian characteristics and Saxon roots, at its site to the presence of a gap in the North Downs where the River Wey was forded by the Harrow Way in 978 AD it was home to an ancient English Royal Mint.

Modern Guildford

In the 21st century, Guildford still has a High Street paved with granite setts often denoted to as cobbles and also one of the most costly places to buy property in the UK outside London. This town has a general street market held on Fridays and Saturdays. A farmer’s market is usually held on the first Tuesday of each month. There is an office for Tourist Information, Guided Walks and various hotels such as the historic Angel Hotel which served as a coaching stop on the main London to Portsmouth stagecoach route for a long time.

Culture

In High Street, Guildford has an art gallery named Guildford House Gallery. Guildford is managed by Guildford Borough Council and in the 17th century, it was listed Grade 1. The art collection of Guildford includes works of Guildford and its surrounding area and works done by Guildford artists most importantly by John Russell R.A. Guildford council also run the Guildford Museum housing archaeology, needlework displays and local history. Smaller important fine art galleries are also situated in the High Street.

Sport

Guildford's Spectrum Leisure Centre is a national prize winning sports centre that includes a diversity of pools (for leisure and serious swimming), Ten-pin bowling, a Laser tag area, an ice rink and an athletics track, general halls used for indoor sports includes trampolining and gymnastics. The Spectrum is home to several local sports teams, including the Guildford Flames of the English Premier Ice Hockey League and Guildford City Football Club of the Combined Counties Football League. Guildford International Volleyball Club has managed to win the top of the fourth division of the National Volleyball League.