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.
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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.
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Learn how to estimate cost structure and price decision for better improvement
Key learning points and tutor support
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Measure the improvement of business by using financial information
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Clear and concise objectives to guide delegates through the course.
A dedicated tutor will be at your disposal throughout the training to guide you through any issues.
Courseware will also be provided to the delegates so that they can revise the course after the training.
Finance Fundamental course has no prerequisites but having some basic knowledge regarding the finance can be beneficial.
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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:
Exam
Finance Fundamentals have the following exam pattern, and the delegate has to pass the exam in order to get certified.
The course consists of three modules. Each module has different learning topics of the subject.
Module-1
Elementary with the Customers (Sales & Debtors)
Elementary with the Suppliers (Purchases & Creditors)
Elementary with the Banks (Cash Management)
Financial and Accounting Statements
Introduction to Cash Flow
Financial Ratio Analysis
Budgets and Planning
Module-2
Module-3
Introduction to Accounting
Balance Sheet
Work with Accounts
Financial Statements
Account Cycle
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Swansea is a coastal city lies on the south coast of Wales with a population of around 241,300 in 2014. The county of Swansea is the second largest and most populous city in the Wales followed by Cardiff. The city is situated between the ancient Welsh and Glamorgan‘s historic county boundaries and surrounded by Bristol Channel and Swansea Bay. The city was also known as Copperopolis due to the presence of copper industry in the 19th century. The town got the city status in 1969 during the Prince Charles’s tour to Wales. The city comprises four physical areas include Gower Peninsula, urban and suburban zone stretching to the towns of Gorseinon, Lliw uplands and coastal strip around Swansea Bay.
History
The name of the city is derived from Sveinn’s island, referring settlement is developed on the raised ground in marshes. The early evidence of the area demonstrated the Bronze Age, Stone Age and Iron Age. It has been suggested that the city has developed as a Viking trading post. The first charter was granted to the city in the 11th century and it gained the status of the borough. A marcher lordship was formed in the city after the Norman Empire and incorporated land around the manor of Kilvey, Swansea Bay and the peninsula. The borough charter was granted between 1158 and 1184 and gained the status of chief lordship town.
During the Industrial Revolution, the city served as the key logical base for copper smelting works. The wool, cloth, wine and coal was traded through the Swansea port. The population of the city expanded significantly in the 18th century. The lower Swansea valley was filled with waste products and derelict works due to decline in heavy industries in the town in the 20th century. The Lower Swansea Valley Scheme was introduced in the city to bring the wasteland into the usable condition. This resulted in the construction of Enterprise Zone over the wasteland and north and south dock became Parc Tawe and Marina respectively. The city was the prime target of German bombers during the Second World War due to the presence of the heavy industries in the town and the centre of the town was significantly affected.
Economy
The economy of the city was based on metals, copper and mining industry in the 18th century. These heavy industries declined and the majority of the copper ores were melted in the lower Swansea valley. The trend of the economy shifted to light industries and service sector. More than 90% of the workforce is engaged in the service sector including banking, finance, education, public administration and insurance. Headquarter of the Driver and Vehicle Licensing Agency is based in the city and provided employment to around 6000 people in the city while other major employers in the city include Virgin Media, Amazon, Admiral Group, BT and HSBC. The city is home to the worldwide customer care centre of the Virgin Atlantic, handling baggage claims, customer relations, reservations and sales.
Education
The city has six infants, one nursery, five junior, fifteen comprehensive and seventy-seven primary schools in the city. The campus of Swansea University is located in the Singleton Park for higher education. The engineering department of the university has done an outstanding work for solving engineering design problems and acknowledged as a centre of excellence. The other departments of the university such as Physics, Computer Science and History were also renowned for their achievements. The third best medical school in the country after Cambridge and Oxford ‘Swansea University Medical School’ is located in the city. The other higher educational institutes are Gower College and University of Wales Trinity Saint David.