Finance Fundamentals

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+44 1344 961530

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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 Milton Keynes

Milton Keynes

Milton Keynes also abbreviated as MK is a large town located in Buckinghamshire, England. It was designed as a new town on 23 January 1967 and also an administrative centre of Borough of Milton Keynes. It is located 45 miles that is 72 km away from north-west of London.

Various another town like Bletchley, Wolverton and Stony Stratford exist here along with other 15 villages and farmland. Milton Keynes took its name from existing “Village of Milton Keynes “that is few miles away from the planned centre.

History of Milton Keynes

Milton Keynes has a rich history with proof of human settlement that was found before starting the construction of this city in 1960’s. When UK government decided to establish Milton Keynes, most of the area was farmland, and undeveloped villages and the earlier history was incredibly rich. Until the 10^th century, there was no evidence of occupation in villages. During middle age, 18 villages were present that still form the heart of Milton Keynes districts. With the arrival of London and Birmingham Railway and Grand Junction canal in late 18^th and 19^th century, the area went through many changes and the new town of Wolverton, and New Bradwell emerged.

The greatest change in the history of Milton Keynes was when it was chosen to solve housing problems in London. Milton Keynes was planned as biggest towns and have an area of 89 square kilometres that became home to around 250,000 people. In the beginning, no building was allowed to be tall than the tallest tree, and later Milton Keynes Partnership changed it. Tallest building in Milton Keynes is 14 floors high. Its population will double by the year 2026.

Milton Keynes offers a broad range of opportunities to people to learn new things and get a better education. Bletchley Park code breakers brought innovation to the city in second world war. This team cracked secret codes of Germans. Milton Keynes is a destination that is always passionate about developing minds. It contains some of the best schools and colleges. Milton Keynes College offers a wide range of courses in different domains. It is one of the fastest growing college in the United Kingdom.

Open University offers contemporary learning where degree level education is provided to everyone. The headquarters of the university is located at Walton Hall in Milton Keynes. There is also University Centre Milton Keynes ( UCMK) which is a hub for higher education with new facilities and exciting courses in the middle of the city. This town also contains a solar-powered house that plays a significant role in the development of electric transport. Various courses, classes and opportunities are offered by Milton Keynes Theatre Creative Learning department to young people and adults to explore theatres including makeup, drama, acting and much more.

Sport

Milton Keynes has various professional teams in football, in ice hockey and in Formula one. It is also home to Xscape indoor ski slope, Formula Fast Indoor Karting Centre, Airkix Indoor Sky Diving facility and National Badminton Centre.

Economy

At Borough level, data of Milton Keynes economy, demography and politics is collected. Milton Keynes is one of the most successful economies in Southeast along with gross value added per capita index which was 47% higher than the national average. According to 2015 data, average wages place it in top five nationally.

Just 0.6% of businesses employ people more than 250 which include Open University, Volkswagen Group, Mercedes-Benz and Network Rail. Remaining enterprises around 81.5% employ near about 10 people. Milton Keynes professional, technical and scientific sector contributes large employment. Milton Keynes has a high number of business start-ups in England and start-up levels remained high even during the period of recession 2009/2010. Most of the population is younger. 22.6% of Borough population is under 16, 12.1% are aged 65+. According to 2011 census report, Milton Keynes Urban area comprises of 8.7% South Asian, 78.4% white, 3.5% Mixed Race, 7-5% Black, 1.2% Chinese, 6.7% other ethnic group and Asian.