Finance Fundamentals

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

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

What Will You Learn

• 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.