Financial Training Essentials

Module 1 :The Basics of Financial Management

       We know it makes sense to keep our financial affairs in order, but it’s not easy to do. The minute we open that daunting spreadsheet, our enthusiasm instantly reduces. We get lost in the complicated jargon of banking and commerce, profit and loss. We might be reluctant to do it, but businesses and individuals can avoid all sorts of headaches by keeping the books in good order.
Topic's covered :
        What are the benefits of sound financial management
        What are the key principles of how best to manage your finances
        Which pitfalls to avoid
Module 2 :The Flow of Money

       Money is always on the move. Businesses and people are constantly trading goods and services with each other, driving an economy built on production and consumption. It can be hard to understand this fully if you’re struggling to keep track of the incomings and outgoings of your own busy bank account.
Topic's covered :
        How the economy functions
        How the circular flow of money works
        What is the difference between real flows and money flows
        What “leakages” and “injections” are

       Don’t you just hate doing paperwork and filling out forms? But we all have to do it, at least once a year. Preparing financial documents like statements of income and expenditure can be a real chore, especially when you don’t feel confident in your understanding of what is expected.
Topic's covered :
        What the key financial statements are – for both businesses and individuals
        When you might need to produce these documents
        How to read and write financial statements
Module 4 :The Importance of Cash Flow

       IA term you keep hearing from banks, politicians, and your accountant. It’s the same for businesses and individuals alike: if the cupboards are bare, then you’ve got a problem. In the corporate world, “cash flow” essentially means the fluctuations in the amount of money that an organization actually has.
Topic's covered :
        What is the difference between being profitable and having positive cash flow
        How to produce a cash flow statement that gives a proper account of your activities
        How to develop cash flow generation strategies
Module 5 :The Value of Budgeting

       Effective budgeting is the cornerstone of financial planning. Businesses of every size and shape, NPOs, government bodies, families, individuals – all of them need to live within their means, and this course is all about the value of budgeting.
Topic's covered :
        What are the types of and functions of budgets
        How to structure a budget for your future operations
        How to control your spending to stay on target
       How to prepare for emergencies
Module 6:Vulnerable Customers and Finance

       When a consumer is in vulnerable circumstances, it can compromise their ability to make wise and informed financial decisions. Businesses need to be conscious of this, especially those businesses which provide financial products or services. They need to ensure that customers are not excluded by way of accessibility or disadvantage, and they also need to ensure that vulnerable customers are treated fairly.
Topic's covered :
       Different types of vulnerable customers
       The importance of protecting vulnerable customers
       How to devise and implement a strategy for protecting vulnerable customers
Module 7: Financial Risk Management>

       Different businesses are affected by different financial risks at different times. If they aren’t prepared to face these risks, they could be exposed to cash flow problems. The ultimate financial risk is that the business can fail. Definitely something that you’ll need to avoid, then.
       Different types of financial risk
       How to identify and assess financial risks to your business
       How to create a financial risk management plan
Module 8: The Basics of Accounting

       An effective bookkeeping system can help you avoid cash flow problems, ensure compliance with tax and business regulations, and make better financial decisions. But where do you start? Even the basics of accounting can seem confusing at first. This course will guide you toward an appreciation for some of the key terminology, and then the numbers will start to make sense
.        The difference between the methods of cash basis accounting and accrual accounting
       Organizing your accounts by type: Assets, Liabilities, Equity, Revenues, and Expenses
       The principle of double-entry bookkeeping
       The purpose of the key financial statements: the income statement, the balance sheet, and the cash flow statement
Module 9:Financial Ratios

       You can just about understand the company accountant’s explanation of what “profit margin” means – but do you start to feel bewildered when they talk about the “debt-to-equity ratio” of your business? It’s easy to get lost in the numbers, but managers in any business need to learn how common financial ratios are applied to gain insights from the financial reports and annual statements that land on their desk.
       The equations of 7 common financial ratios
       How to evaluate your corporate financial statements by applying financial ratios
       The implications of key financial ratios regarding the financial health of a business
Module 10: Financial KPIs- Measuring Performance

       Making sense of financial statements and reports can seem difficult at first, but once your managers are familiar with financial KPIs and how to apply financial ratios to the raw data, they’ll find it much easier to track the performance of your business or department. This course will explain how some of the most important financial KPIs are calculated, and what the results can tell your teams about the business’s profitability, solvency, efficiency, and valuation.
       The equations for some common financial KPIs
       How to measure business performance by using financial KPIs
       How to evaluate your corporate financial statements using financial KPIs