Overview
Finance covers any decision made by firms which have financial implications. Thus, there is finance aspect to almost every action taken by a firm, no matter which functional area claims responsibility for it. Managers in every Function Need to understand its importance and relevance while making Business Decision . The Program objective is to raise the financial Awareness of the Professionals and enable them to make better short term or long term decisions in their business functions .
Who Can Attend
This program is designed for Head of Functions Like HR, Production, Sales & Marketing, Senior managers , Middle level Managers and executives in non financial Positions who need to improve the financial Skills required to make critical business Decisions involving Budgets , Cost Management , New projects etc.
Learning Outcomes
- Understand the implications of finance on various corporate activities
- Basic Principles of Financial Valuation
- Understand and interpret financial statements
- Prepare P&L and budget for their functions/departments
- Understand the importance of cost in decision-making and identify areas for cost reduction
- Understand working capital and its management
Topics to be covered
- Time Value of Money : Interest rates , Compounding , Discounting of cash Flows
- Understanding and Interpreting Financial Statements.
- Profit & Loss Statement
- Balance Sheet
- Cash Flow statement
- Profit V/s Cash Flow
- Financial Analysis : Ratio Analysis (Profitability , Liquidity , Return on Capital ratios)
- Capital Budgeting Tools
- Capital projects
- Net Present Value (NPV)
- Internal Rate of return (IRR)
- Payback Period & Discounted Payback Period
- Cost of Capital
- Working Capital Management
- Working Capital Cycle
- Working Capital Financing
- Cash Management Investment Policy
- Accounts Receivable Management
- Inventory Management
- Accounts Payable Management
- Foreign Exchange Implications
- Recent Advances in Finance