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 Ipswich

Ipswich, the county town of Suffolk and non-metropolitan district located 60 miles northeast of London. It lies at the mouth of the Orwell River with a population of around 133,384 according to 2011 census. The town derived its name either from Orwell estuary or an Anglo-Saxon personal name and it was also referred as Gippeswic, Yppswyche, and Gyppewicus. The town became famous in early times for its major port Ipswich Dock which has been England’s one of the major trading port. It was also considered UK’s one of the most prosperous city since Anglo-Saxon period.

History

Ipswich is one of the oldest inhabited towns in the England. The history of the town traced its roots back to the Roman period. The rural towns and settlements were connected to the area around the town via the rivers Gipping and Orwell during the Roman Empire. The largest Roman villa and fort were built during the Roman Empire and still stands at Castle Hill and Walton near Felixstowe respectively. The Sutton Hoo treasures and replicas of the Roman Mildenhall are still preserved in the museum of the town. The modern town has been continuously occupied around Ipswich dock since the Saxon period. After the abandonment of Roman period, the development of coastal states of north-western Europe came into existence. The former Roman ports of London served as major communication and trading port between eastern Britain and the continents of Scandinavia and Rhine.

The first large-scale potteries were established in the town with the arrival of Frisian potters from Netherlands in the 7th century. The Shrine of Our Lady of Grace of the town became a famous pilgrimage destination and attracted many pilgrims during the middle ages. The independent Ipswich Institute reading room and library were built in 1824 and still survives today. The town was targeted by German Zeppelins and bombing raids during the First and Second World War resulted in many casualties and destruction of the area in and around the docks. The town has undergone a considerable redevelopment around the waterfront and industrial dock area was rebuilt into the residential and commercial centre. Ipswich has made several attempts for attaining the city status but all the bids remain unsuccessful and it remains as a town.

Culture

The town has a number of galleries and three museums include Christchurch Mansion Ipswich Transport Museum, Ipswich Museum, Ancient House and Christchurch Mansion. New works of art are continuously promoted by the Borough Council. The New Wolsey Company took on the management of New Wolsey Theatre built on the Civic Drive accommodating 400 people. The summer arts festival is celebrated every year and known as Ipswich Arts Festival.

Industry

Ipswich is county town of agricultural Suffolk and home to famous agricultural manufacturers. Adastral Science Park is located to the east of the town, earlier the area was being used by the British Telecom Research Laboratories. The insurance business is the key employment sector and employs the majority of the workforce in the town. Other employers include Legal and General, Axa, LV, Churchill, and Willis. The experienced and skilled workforce has contributed to the establishment of the ancillary works in the past few years. Every year millions of tons of cargo are being handled in the famous port named as Haven port.

Education

There are several state-funded secondary and independent schools in the town include Copleston and Northgate High Schools, Ipswich School, Ipswich High School and Ipswich Academy. Suffolk New College, University of Suffolk and Sixth Form College serves the residents of the town and neighbouring area.

Notable Personalities

List of famous residents includes Thomas Wolsey, Alf Ramsey, Sarah Trimmer, Bobby Robson, Richard Ayoade and Thomas Gainsborough.