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 Wakefield

Wakefield

In West Yorkshire, England, Wakefield is located. Wakefield is on the River Calder and Pennines eastern edge. In 2001 Wakefield had a population of around 77,512. It increased for five Wakefield wards called East, North, South, West and Rural to 77,512 according to 2011 census. Wakefield is also dubbed as ‘ Merrie City’ in Middle Ages. John Leland in 1538 described it as ‘ A quick market town and large and meately large. It is also a well-served market of fish and flesh from sea and rivers so that vital is good and cheap there. Wakefield Battle took place in Wars of the Roses. Wakefield became a famous centre for wool and a market town. In the 18th century, Wakefield made a trade in corn and textiles. In 1888 parish church of Wakefield acquired Cathedral status. It also became a county town of West Riding of Yorkshire. It was the seat of West Riding County Council from 1889 till 1974.

History

Along with railroad, many streams and lakes also played a significant role in economic growth of Wakefield. There were many damn and around twenty mill sites that include fulling mills, gristmills and carding mills along these waterways. Due to this development growing population expanded in seven separate villages, East Wakefield, South Wakefield, North Wakefield, Burleyville Wakefield corner, Sanbornville and Union. Sanbornville villages are now the primary business centre in Wakefield. The new town hall was constructed in Sanbornville in 1895. From Lovell lake , ice was shipped and harvested by two companies with the help of 16 to 20 train carloads to Boston and beyond it every day. At the beginning of 1900’s railroading was to the extreme with 25 trains in and out of Sanbornville every day.

In 1911, due to fire various rail yard buildings burned and operations centre shifted to Dover. After the emergence of electrification, need for ice reduced. The Later popularity of automobiles further reduced the need for rail travel. Finally, in 1969, Snow train which was a passenger train, made its final run.

During Second half of 20th century, a major industry in Wakefield was the development of 11 lakes. Development of summer homes and services needed to be provided. This helped later to provide incomes to many Wakefield residents. It helped to retain the rural character of Wakefield for which Wakefield is known.

Education

Oldest school Surviving in Wakefield is Queen Elizabeth Grammar School, a boys school established in 1591 by Queen Elizabeth by Royal Charter. The original building is in Brook Street that is now the Elizabethan Gallery. In 1854, QEGS school was moved to Northgate. The school was administered by Governors of Wakefield Charities who also opened Wakefield Girls High School ( WGHS) located at Wentworth-street in 1878. Church of England opened National Schools that include St Mary’s in the 1840s and St Johns in 1861. Original St Austin’s Catholic School was opened in 1838. In 1846 Methodist School was opened on Thornhill Street. Eastmoor School previously Pinders Primary School is only opened by Education Act 1870 which is still open.

Wakefield College has origins in School of Art and Craft of 1868. It is today the primary provider of 6th form and further education in the area with around 10,00 part-time and 3000 full-time students. It has campuses in the surrounding towns as well as in the city. In 2007 Wakefield College and Wakefield City Council announced plans to create a University Centre of Wakefield but bid for funding failed in 2009. Other schools with sixth forms include QEGS, Cathedral High School which is now an Arts College for age 11 to 18 and Wakefield High Girls School.