A Quick Glance

Pearce Mayfield introduces Finance Fundamentals course that provides a comprehensive introduction to corporate financial management within the organisation. This is the speed reading course in the Business Skills Training. It links the mathematics of finance, valuation and investment analysis. The aim of the course is to focus on creating stakeholder value, financial and management within the organisation for producing effective results.

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    Achieve the knowledge and skills required to navigate way around the application interface

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    We offer lowest training price in the industry

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    Get to know about the best practices within Finance Fundamentals

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    Delivered by certified and experienced instructors

There are no prerequisites to attend Finance Fundamentals course.

Finance Fundamentals are best suited for the following audience:

  • Insurance professionals
  • Business managers
  • 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
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Key Learning Points

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Tutor Support

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Courseware

  • Get to know about the concepts and terminologies used in finance management
  • Understand the difference between cash and accrual accounting
  • Identify the roles and responsibilities of finance manager
  • Learn about the fundamentals of personal finance and their relation to your life
  • Get knowledge of key drivers of business value and its working
  • Get started with long term investment plan
  • Identify and apply the time value of money formulae
  • Learn about Value bonds and common stocks
  • Describe the risk tradeoff by using examples from Portfolio theory and the Capital Asset Pricing Model
  • Calculate the fundamental financial ratios and recognize the results to identify significant issues, prepare recommendations and apply strategies to improve cash flow
  • Get out of debt if you are already in it
  • How to check and protect your credit report and credit score
  • Learn to build credit even if you have no previous credit history
  • Learn to create a budget that will actually work
  • Identify what to look for when renting an apartment
  • How retirement accounts work and what account is right for them

Course Overview

This training course will through light on basic financial concepts and theory required to effectively manage finance within the organisation. With this, the delegates will be able to understand how to take better financial decisions that are faced by professionals or organisations. It may include financial issues, awareness of stock market and much more.

Exam

The following pattern will be followed for the exam:

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

Section-1

Basics with the Customers (Sales & Debtors)

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

Basics with the Suppliers (Purchases & Creditors)

  • Invoice, 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 

Section-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. 

Section-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
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Finance Fundamentals Enquiry

 

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Reach us at 01865532996 or info@pearcemayfield.com for more information.