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
Business Transactions, Accounting and Bookkeeping
Importance of Accounting
Classification of Accounts
Double Entry System of Recording, Rule of Debit and Credit

Understanding Financial Statements
Reporting Aspects and Types of Financial Statements
Users and Uses of Financial Statements
Balance sheet – Assets and Liabilities
Trading Account
Profit and Loss Account
Gross Profit, Net Profit – PBIT, PBT, PAT
Cash Flow Statement – Investing Activity, Operating Activity and Financing Activity

Understanding Important Ratios and Parameters
Sales/ Turnover Ratios – Importance and Norms
Current Ratio – Importance and Norms
Liquidity Ratios – Importance and Norms
Capital Debt Ratio – Importance and Norms

Introduction and Understanding of Cost Accounting and Cost Sheet
Cost v/s Price v/s Value
Meaning of Cost Accounting and Cost sheet
Elements of Cost, Fixed Cost V/s. Variable Cost etc
Contribution
Break – Even Point
P/V Ratios

Facts about Profit Margin and Return on Capital Employed – Financial Management
Various ways of calculating Profit Margins
Time Value of Money – Discounting Effects
Meaning and Importance of Financial Management
Options for raising Finance w.r.t Cost, Control and Risk parameters.

IITD Sr. Expert Faculty:
Highly experienced faculty from Indian Institute of Training & Development will conduct this training. The training sessions will provide participants an opportunity to discuss specific problems with the expert faculty.

Medium: English/ Hindi/ Marathi

Fees and Registration:
Rs. 3,000 + GST 18% per person.
Rs. 2,800 + GST 18% per person for a group of Three to Four participants.
Rs. 2,600 + GST 18% per person for a group of Five or more participants.
Kindly provide details for registration to Email: iitdpune@gmail.com & rajiv@iitdworld.com; Name of the Program, name of the participants, company name, GST no., contact details.

Certification:
Digital Certificate of Participation will be provided to all the participants.