Finance Fundamentals

Explore theory of Finance and Valuation

ABOUT THE PROGRAM

Finance fundamentals course is designed to provide essential knowledge on corporate financial management within the organisation. Finance Fundamental course comes under Business Skills Training that helps in enhancing the efficiency of the business through better services. This course generates a link between the mathematics of finance, investment and valuation analysis. The main focus of the course is to create value for stakeholder and financial management within the workplace for effective outcomes.

The foremost idea about finance is determining what to buy, gathering proper resources to purchase it and then managing the resources using which the product or service is purchased. This course will cover everything from understanding the balance sheet to derivatives and securities. During the training, the delegates will also find some examples to look into financial reports from some companies for business decisions and then analyse the data that is required for making personal financial decisions as well.

  • Delivered by Certified instructors in luxury venues

  • Discover the best practices involved in Finance Fundamentals

  • Learn to allocate and manage the resources

  • We at MSP Training offer the best price in the industry

  • Learn how to estimate cost structure and price decision for better improvement

  • Key learning points and tutor support

  • Trusted by many leading brands across the industry

  • Measure the improvement of business by using financial information

WHAT'S INCLUDED ?

Find out what's included in the training programme.

Includes

Key Learning Points

Clear and concise objectives to guide delegates through the course.

Includes

Tutor Support

A dedicated tutor will be at your disposal throughout the training to guide you through any issues.

Includes

Courseware

Courseware will also be provided to the delegates so that they can revise the course after the training.

PREREQUISITES

Finance Fundamental course has no prerequisites but having some basic knowledge regarding the finance can be beneficial.

TARGET AUDIENCE

  • Finance Fundamentals course is very beneficial for those professionals who don’t have any idea or knowledge regarding the finance
  • Those who don’t have any formal financial training
  • Those who want a basic understanding of processes and procedures involved in the financial decision making
  • Business owners and managers can also attend this training in order to take better decisions as it helps in growing business

WHAT WILL YOU LEARN?

  • Get to know about the key drivers of business value and their working
  • Discover the fundamental principles of business success
  • Learn about the purpose of business information system
  • Determine how the management decisions impact the financial decisions of the company
  • Identify how to measure the improvement of business by using financial information
  • Learn to allocate and manage the resources of specific service or product
  • Determine the process of estimating cost structure and decisions for price for better improvement

Enquire Program

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PROGRAM OVERVIEW

MSP Training’s Finance Fundamental course will help the professionals to grasp the basics of finance including interpreting financial reports, recognizing the influence of strategies on work and also communication with the other professionals who are into the project. Learn to improve the knowledge and confidence in financial to make sure that fair decisions are being taken while measuring the performance of the employees. The professionals who don’t have a financial background and want to improve their understanding of the subject must join this training programme.

This course provides delegates with the financial concepts, terminologies, tools and strategies required to manage the finance in the organisation effectively. We at MSP Training ensures that the delegates gain the maximum out of the subject with the help of our experienced instructor. The training includes the real world examples that make the understanding of the subject easy and interesting.

The focus of the course:

The major focus of the course will be on the fundamental financial principles of project evaluation, funding and other resources. It also helps the team leaders to make better decisions related to finance and work more effectively by applying the learnt principles within the organisation. The aim of the business may be long-term or short-term depending upon the need. This leads to management of risk or challenges that may arise in future.  

 The major topics of the training include the following:

  • Understanding financial statements
  • Managing finances in the short term
  • Analyzing risk and return
  • Obtaining short-term and long-term financing
  • Understanding the stock and bond markets
  • Comparing the Facebook and Microsoft IPOs
  • Working with financial institutions
  • Using capital budgeting
  • Creating simple personal saving and investment plans 

Exam

Finance Fundamentals have the following exam pattern, and the delegate has to pass the exam in order to get certified.

  • Exam Type: Objective type
  • Exam Duration: 90 minutes
  • Passing percentage: 45 percent

PROGRAM CONTENT

The course consists of three modules. Each module has different learning topics of the subject.

Module-1

Elementary with the Customers (Sales & Debtors)

  • Invoice, Credit Notes & Statements
  • Sales & Debtors Control
  • Credit Control & Debt Collection

Elementary with the Suppliers (Purchases & Creditors)

  • Invoice, Credit Notes & Statements
  • Purchases & Creditors Control
  • Credit Control & Debt Collection

Elementary with the Banks (Cash Management)

  • Receipts & Lodgements
  • Payments
  • Recording & Reconciliation

Financial and Accounting Statements

  • Profit & Loss Account
  • Balance Sheet

Introduction to 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

  • Financial decision-making: Components
  • Working on business and strategy for cash-flow
  • Define Capital and overtrading
  • Managing Cashflow
  • Effect of financial decisions on P&L and Balance Sheet
  • Use of KPI in Managing information
  • Use a few key ratios to analyse accounts
  • Break-even and margin of safety                                          
  • Marginal costing, the elasticity of demand and pricing decisions

 

Module-3

Introduction to Accounting

  • Define Accounting
  • Assumptions for Accounting
  • Assets, Liabilities, and Equity
  • Accounting Principles
  • The Accounting Equation

Balance Sheet

  • Define Balance Sheet
  • Accounting Equation and Balance Sheet
  • Business Transactions and the Balance Sheet
  • Classifying Assets and Liabilities
  • The Balance Sheet in Action

Work with Accounts

  • The General Ledger
  • The Chart of Accounts
  • User Accounts for Transactions
  • Understand Debits and Credits
  • Double Entry Accounting
  • Account Balances
  • Revenue and Expense Accounts

Financial Statements

  • Define 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

Account Cycle

  • Introduction to the Accounting Cycle
  • Identify Source Documents
  • Record-Journal Transactions
  • Post to the General Ledger
  • General Trial Balance
  • Record Adjusting Entries
  • General the Adjusted Trial Balance
  • Prepare Financial Statements
  • Record Closing Entries

Finance Fundamentals Enquiry

 

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Reach us at 0121 368 7851 or info@msptraining.com for more information.

ABOUT Bath

Bath city is a largest city in the Lieutenancy areas of England. The city has geographical area of 11 squares miles with 88,859  population in 2011. The bath city is situated in the valley of the river Avon which is 97 miles west of capital city,London. The city is also near to Bristol town. This city is well-known for its hot springs, which further lead to Spa  Industry. On arrival of Romans, they built a temple and baths in the valley of river Avon. As per the previous records, the hot springs were present there since ancient time. But the site got explored when Romans entered the city. The 7th century, centre known as Bath Abbey went through renovations in 12th and 16th centuries. In 17th century, it became belief of local people that this water is special one and has so many curative properties. It brought both the popularity and tourists to the town. Apart from this, It offers a wide range of attractions including restaurants, businesses, theatres and city tours with 4.4 million visitors each year. The historic Roman Baths and Thermae Bath Spa giving their services to the city.

History

Earlier the motive of the Romans while constructing the bath was to used it for medicinal purposes. But the popularity of the water rose very quickly, so it was used for other purposes as well. In the medieval period, the wool industry went extra mile in production as  new equipment and tool were introduced .They focused in the industry well and took it to new height. The town get distinguished after the introduction of neoclassical Palladian art, literature, and building under regime of George I,II, and III in the 18th century . Romans used this bath for their Pleasure. Number of baths were built after one another. Most of them built near hot springs. The Minerva goddess temple also built alongside one bath. In 3rd century, Walls built near boundary to save it from attack. Following collapse of Roman Empire, the town expanded nearly 760. King Offa constructed  An abbey, dedicated to St. Peter. In the 15th century, the Abbey church of Bath city was broken down.

Culture

During the 18th century bath became the centre of fashionable life in England and attracted internationally renowned companies and directors with its five famous theatres. The city hosts the annual Bath International Music Festival and Mozartfest, the yearly Bath Literature Festival, and the Bath Film Festival.The Bath city is home to the Victoria Art Gallery (which is named after Queen Victoria), the Museum of East Asian Art, and Holburne Museum, as well as some other museums.

Climate

The climatic condition of Bath is far cry from rest of the country. The variation in the seasonal temperature is less as compared to the most of the United Kingdom due to adjacent sea temperature. In summer the maximum temperature is maximum to 21° C whereas minimum temperature goes to 1° or 2° C in winter. The average rainfall is near about 700mm with typically 8 to 15 days of snowfall.

Education

The Bath city has sufficient number of educational schools . It has two universities, the University of Bath which was established in 1996 offering programs in languages, engineering, architecture, politics etc. with 17,308 students out of which more than 30% are from outside the UK. Second is Bath Spa University which was given degree-awarding powers in 1992 and university status in 2005 offering courses leading to a Postgraduate certificate in education. The city has private and public schools, several sixth forms as part of state, Bath College, and one education college.