Description:
This program is specially designed to provide basic knowledge of accounting and finance for Managers in marketing, operations, human resources, information technology fields, entrepreneurs and self-employed professionals with non-finance background. This programme provides a logical framework to gain an insight on various aspects of balance sheet, analysis of financial statements, budgeting, working capital and cost control to help managers make better strategic and operational decisions. The programme will equip the participants with appropriate skills in finance to deal with changing business environment.
Objectives:
To help Non Financial Professionals/managers in enhancing their fundamental financial skills. To help understand the impact of financial principles in business decisions. It is an introduction to core financial concepts and a simple approach to understand the financial documents. To introduce to analyse the financial statements so as to help the implementation of financial controls to meet the business objectives.
Contents:
Introduction and Understanding of Financial Accounting
Introduction
Definition
Principles
Objectives
Understanding
Recording
Summarising
Finalising
Understanding Financial Statements
Balance Sheet
Principle of Reverse Liquidity
Categories of Assets and Liabilities
Profit & Loss Account
Manufacturing Account
Trading Account
Profit And Loss Account
Gross Profit
Net Profit (PBIT, PBT, PAT)
Cash Flow (Receipts and Payments) statement
Capital Flows
Revenue Flows
Understanding Important Ratios and Parameters
Ratios
Sales/Turnover Ratios
Current Ratio
Liquidity Ratios
Capital Debt Ratio
Parameters
Norms as per Standards
Introduction to Cost Accounting and understanding Cost Sheet.
Introduction
Definition
Principles
Objectives
Understanding Cost Sheet
Elements of cost
Contribution
P/V Ratios
Interesting Facts about Profit Margins and Return on Capital Employed
Profit Margins
Various ways of calculating Profit Margins
Discounting effects
Effects of Freebies
Options in Financial Markets for raising of Capital/ Finance
Share Capital
Public Issue- Equity, Preference, Rights, Bonus (conversion of Reserves)
Private Placement
Loan Capital
Debentures
Financial Institutions
Banks
Bonds
Conclusion
Take Away:
Basics like capital, shares, loans, balance sheet, financial position Income, expenses, investments, profit, taxes
Profit centre, cost centre Debtors, Creditors
Compliance of government norms Wealth creation
Cost consideration with wastage, faulty material handling, rejection in quality control, time over-run, delays, absenteeism, delay in recovery from customers etc.
As an outcome people understand how they are responsible for making the business enterprise profitable. Do’s and Don’t for good financial management.
Understanding the basics of financial management can be applied by them in their personal life for making correct financial decisions.
IITD Sr. Expert Faculty:
Highly experienced faculty from Indian Institute of Training & Development will conduct this training program. The training sessions will provide participants an opportunity to discuss specific problems with the expert faculty.
Medium: English/ Hindi/ Marathi
Fees & Registration Details:
Rs. 3,400 + GST 18% per person.
Rs. 3,200 + GST 18% per person for a group of Three to Four participants.
Rs. 3,000 + GST 18% per person for a group of Five or More participants.
Kindly provide the below given details of registration on email: iitdpune@gmail.com &/or rajiv@iitdworld.com
Name of the program:
Name of the participant(s):
Participants email id for sending venue details:
Name of the company:
GST number:
Certification: Participation certificate will be provided to all the participants.