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 Harrogate

Harrogate is a district situated in the shire county of North Yorkshire. The town is famous for its Spa Industry. It is also a tourist place. The major attractions of the town are RHS Harlow Carr gardens and spa waters. The city also has a National park. In the 17th century, the town was divided into High Harrogate and Low Harrogate. Now the two towns combined known as Harrogate. People are very friendly there and in the survey of 2013, it was voted as the happiest place among any other cities in the England. Elements such as common salt, Sulphur and Iron are found in huge quantity in the Spa water. In the Georgian era of the 16th century, this town was famously known as The English Spa. The Iron-rich water had been used for medical treatment for two centuries (17th and 18th). Because of this sure shot treatment, there had been a large number of people migrated to this town. So, it added a lot more wealth in the basket of the town.

History

As per the records of the 13th century, the earlier names of the town were Harrowgate, Harrogate and Harwegate. Still, no one could explain the origin of the town. During the late 13th century, King Edward III admittedly the Knaresborough forest to his son John. He was Duke of Lancaster. The root cause of the development of the Harrogate was owing to Sulphur and Iron-rich water. William Slingsby found the similar properties of Belgian spa water in the water of Tewit well. Edmund Deane gave a push to the importance of water and published in its book. A very important episode of past i.e creation of water gas by Engineer Samson Fox is also associated with the town. His invention was in the field of heating and gas lighting. By using this, he lit Parliament Street by water-gas. He had been mayor for 3 terms.

Geography

The town provides shelter to many travellers working in Bradford and Leeds. The property prices are very high here. There are many properties in the town as well as villages that have worth more than 1 million pounds. The climatic condition of the town is dry in summer and mild during winters.  There are many towns that have establishments below the Harrogate.

Economy and Landmarks

The economy of the town is very strong. It is also one of the flexible economies in the Britain.  The Harrogate International Centre hosts the conferences appreciated at the global level. It earns huge revenue from here. This Centre is appreciated by all over the Britain and Europe as well. Other famous items that have been exported by Harrogate are Farrah’s Toffee, Harrogate Blue Cheese, Harrogate Bluewater, and Yorkshire Tea. The famous Architect Temple Lushington Moore constructed a famous building St Wilfrid in the town. The Frank Matcham renowned Royal Hall Theatre is also in the city. The Royal Pump Room representing town’s spa industry also attracts tourists to the town. Other prominent places are Montpellier quarter, The Valley Gardens, Crescent Gardens and a few more.

Culture

The today’s Harrogate Theatre helped the British soldiers that were fighting Boer War in South Africa. The North of England’s leading arts festival i.e Harrogate Festival of Arts and Science has also been celebrating in the city. As per channel 4 TV show 2005, it stood at third place to live in the UK. The number dropped to one in the next year.

Sport and Transport

The Finish Line of the first stage of the Tour de France is organised by Harrogate Authority. The Event attracted a huge bulk of the crowd from other parts of the world and it was telecast to the global audience. It is well connected with road, railway and air.