Finance for Non-Finance


Program Objectives

Decisions made by non-finance executives from departments have significant financial implications. Therefore, it is necessary to equip them with financial training to spread cost consciousness and improve quality of their decision making. Finance for Non-Finance professionals program is specially designed to provide basic knowledge of accounting and finance for various functional managers like Marketing, Operations, Human Resources, Information Technology, Entrepreneurs and Self Employed Professionals with no Finance background

Methodology

Program has a rich and healthy mix of Interactive Lecture Sessions, Real Time Exercises and Learn by doing techniques

Who Should Attend

Functional Managers and Supervisors from Non Finance Departments

Program Contents

Understanding Finance and Financial Terms

  • Objectives of the firm-maximizing Shareholders wealth
  • Understanding Balance Sheets, Assets & Liabilities
  • Understanding the Profit & Loss Statement
  • Important Accounting Principles

Analysis of Financial Statements

  • Limitations of financial accounting
  • Ratio Analysis

Cost Leadership and Competitive Advantage

  • Component of cost
  • Allocation and absorption of overheads, direct costs, variable costs, contribution, breakeven analysis
  • Cost of Sales and appropriate ratios for sales efficiency
  • Capital expenditure and operating expenditure

Budget, Budgetary Controls and Budgeting

  • Revenue budget, Production budget, Costs and Marketing budget
  • General and Administrative expenses & Working Capital Budgeting
  • Variance Analysis
  • Overview of Financial Costs, Cost of Capital and Economic Value Addition
  • Capital Budgeting Techniques

Working Capital Management

  • Management of Inventories and Receivables

Know Your Facilitator

Dr. Samir Parekh, has over 25 years of experience, across multiple business verticals. He has completed his PHD from University of Wisconsin. Dr. Samir is a Chartered Accountant and has trained individuals on Accounting, Project Finance, and Finance for Non-Finance executives. Some of the Organizations he has associated with for training Initiatives include Asian Paints, Deutsche Bank, Abbott Labs, Peerless, Vodafone, Webaroo Technologies, Iffco Tokio, Glenmark, Axis Bank, Citibank, to name a few. He connects very well people and has traveled extensively which gives him an edge over others in understanding cultural diversity and its benefits.