Finance Fundamentals | MSP Training

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.

Key Learning Points

Clear and concise objectives to guide delegates through the course.

Tutor Support

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

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 Glasgow

Glasgow, with a population of 1,057,600, is the biggest city in Scotland. Not only this, it is also the fourth biggest city in the whole of UK after London, Birmingham and Manchester in terms of population. Glasgow is situated on the River Clyde in the West Central Lowlands of the country. Citizens of Glasgow are known as “Weegithe es”.

Places of Interest

Glasgow is home to various places that attract visitors every year. Some of the famous attractions of Glasgow have been listed below:

Glasgow City Chambers: It is the most magnificent building that dictates the story of wealth and its industrial prosperity as the Second City of the Empire. It is a building that is an instant favourite among all who visit this beauty. The building was inaugurated by Queen Victoria in the late 1880’s and even today it is the headquarter of the city councils. There is a statue of the Queen with Truth above her. According to locals, the statue is their version of “The Statue of Liberty”.
Glasgow Cathedral: The Reformation that happened in 1560’s in Scotland was a troubled time for the country. Many buildings famed for their architecture, collapsed. However, it was the Glasgow Cathedral that stood the test of times. It is considered to be a superb building of the medieval era. The building is said to have been built somewhere between the 13^th and the 15^th Interestingly, the building was built at the place where the patron saint and founder of the city, St. Mungo was laid to rest. The place is his shrine.The Glasgow Cathedral is home to a crypt that was built in the 13^th century. The crypt houses the body of St. Kentigern.
Glasgow Museums: The city is home to eight museums each of which have a rich collection of various artworks from the past as well as the present. The list follows:
- St Mungo Museum of Religious Life and Art and Provand's Lordship
- Gallery of Modern Art
- Scotland Street School Museum
- Kelvingrove Art Gallery and Museum
- People's Palace and Winter Gardens
- The Burrell Collection
- Glasgow Museums Resources Centre
- Riverside Museum

The museums have abundant of rare artworks, collection of different type of furniture, arms and armaments, and what not. All the Glasgow Museums have free admission and their sections for the kids as well where they not only have fun, they also learn. The accompanying shopping centres in some of the museums also sell replicas of the artworks.

Glasgow Cross: The Glasgow Cross is medieval architecture building. It houses a Clock Tower that used to be a part of the City Chambers that was destroyed by fire in 1926. The building also houses another hexagonal shape building the Tolbooth.
Glasgow is also famous for its bridges. The Tradeston Pedestrian Bridge, Kingston Bridge, and the Clyde Arc are just some of them.The Tradeston crosses the River Clyde on the east of the M8 motorway while the Kingston Bridge crosses the River Clyde carrying the M8 motorway along with it.The Clyde Arc is a new bridge and also has a wonderful curved design as it crosses the bridge.
Parks: Besides museums and bridges forming the pride of Glasgow, the parks also help in promoting the city tourism. Some of the major parks that the visitors could come across in Glasgow are listed below:
- Bellahouston Park
- Botanic Gardens
- Glasgow Green
- Kelvingrove Park
- Mugdock Park
- Queen’s Park
- Strathclyde Country Park
- Victoria Park
  - Fossil Grove: Part of the Victoria Park, this is open in summers only.
- Tollcross Park

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