Equip yourself with Financial Acumen for your Business
Equip yourself with Financial Acumen for your Business

Equip yourself with Financial Acumen for your Business by Mehernosh Randeria

USD 1716 per Workshop

Delivery : In Person @ your location

Location : Client's Location

Start Date : 08/10/2016

Short Description

Become financially savvy by equipping yourself with the requisite financial acumen to enable you to understand the financial statement of your operations, and more importantly, understand the impact of your action on the financials of your organisation.

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Detailed Description

An effective business manager is one who understands the impact of his actions on the financials of the organization. Finance is the common language for communicating the performance measurement for all departments of the organization. This requires the business managers to be more finance savvy, in order to understand, present, drive and measure business plans in terms of financial figures. 

Objectives:
  • To equip the business managers in different functional areas with the basic knowledge of finance
  • To understand financial jargons and converse better with the Finance function
  • To understand the business implications on financial results
  • To enable better decision-making by anticipating the financial consequences

Expected outcomes from the program:

  1. Improved understanding of financial measures
  2. Learning how to “think finance” and translate performance into financial terms
  3. Better comprehension of the overall financial impact of functional decisions

Session Details:

The session will be conducted in the form of a 2-days Workshop creating a high energy and engaging environment to facilitate the program delivery. High level training content includes the following:

Basics of financial accounting
  • Introduction to finance
  • Generally Accepted Accounting Principles
  • Accounting vs Finance
  • Balance sheet
  • Income Statement
  • Cash Flow Statement
  • Net Profit versus Net Cash Flow

Business Performance Indicators
  • Financial Ratios
  • Analysis

Working capital management
  • Operating cycle
  • Components of working capital
  • Working Capital Management 

Short term decision making
  • Cost concepts including discussion on marginal costing
  • Break-even analysis
  • Product pricing to achieve desired profit
  • Optimal product mix decision for maximum profit

Long Term Decision Making
  • Capital Budgeting Techniques
  • Project Evaluation

Budgeting
  • Need and Approaches for budgeting
  • Budgetary control process
Methodology:
  • Conceptual understanding of key concepts
  • Interactive group discussions
  • Illustrations and assessments
  • Case Studies 


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