Finance For Non Finance Executives

Introduction

It is important for managers from all streams to understand the financial implications of their decision making. It is equally imperative for them to analyse the corporate financial environment.

It is important for managers from all streams to understand the financial implications of their decision making. It is equally imperative for them to analyse the corporate financial environment.

This workshop enables professionals from functional areas to gain an extensive working knowledge of critical financial principles in an easy-to-follow manner, enabling them to make critical business decisions involving cost-savings, budgets, new projects decisions, growth strategies etc.

Basics of financial accounting and understanding financial statements

• Balance sheet
• P&L account
• Cash flow statements
• Profit v/s cash flow analysis

Working capital management

• Kinds of working capital
• Operating cycle and components of working capital
• Working capital management and decision-making.

Cost information for decision-making and budgeting

• Cost concepts including discussion on marginal costing
• Some important cost definitions
• Make or buy
• Shut down or continue
• Sell or process further
• Domestic versus export sales
• Need and type of budgets
• Commonly used budgets
• Case study and illustrations.

Evaluation of investment projects

• Approaches to capital budgeting
• Practical application of net present value and internal rate of return
• Features of capital budgeting decisions
• Case study and illustrations.

Question and answer session

Princeton Academy Resource https://princetonacademy.in/resources/

Ministry of Finance https://finmin.nic.in/