Overview

Business managers use financial numbers day in and day out. Their decision-making abilities are greatly affected by the fundamental understanding of firms’ financial numbers. This becomes more important when people in some traditional firms or family firms are directly affected by such managerial decisions. Moreover, over-reliance on external support may also jeopardize their business interests due to a lack of financial and accounting knowledge. Seeing the current level of competition in the market, it is evident that managers must become aware of the genesis of financial numbers and learn how this knowledge could help in the decision-making process. This programme is an extensive course designed for mid-level managers or family-oriented firms.

Objectives

By the end of this program, participants will be able to:

• Equip small business owners and leaders with the tools and techniques required to run financial accounting in their business.
• Transform non-finance managers into managers with a sound financial understanding.
• Enable managers to identify key financial variables in financial statements and help them in critical decision-making.
• Enable managers to identify some strategic and significantly directed financial information from operational perspectives.

Content

• An Overview of Financial Statements
• An Introduction of Financial Management
• The Role of Cash in Financial Decisions
• The Importance of Capital Budgeting Decisions
• Strategic Cost Management
• The Role of Financial Instruments and Capital Markets

The programme will use a blend of in-class activities, real-life case studies, and guided lectures. It will ensure that learning happens in an entertaining and enlightening way with a practical approach towards modern time business.

For Whom

This programme is designed for:

• Owners, founders, and leaders of small and medium enterprises (SMEs) in India.
• Senior managers and decision-makers within SMEs.
• Entrepreneurs looking to understand finance for their businesses.
• Professionals responsible for strategic planning, marketing, operations, finance, or HR in SMEs, who want to develop a grounded yet practical understanding of finance and financial numbers.

Enquiry and Registrations

Management Development Programmes (MDP) Office

Indian Institute of Management Indore
Prabandh Shikhar, Rau-Pithampur Road
Indore 453556, Madhya Pradesh, INDIA

Email : mdp@iimidr.ac.in
Tel. : +91-731-2439750, 2439752, 2439753, 24397544
Fax : +91-731-2439800