Overview:

Accounting and finance information plays a prominent role in the business environment. All managers irrespective of their functional expertise have to understand finance. In recent years, the business environment has seen ever-increasing challenges. One of the major factors contributing to the effectiveness of corporate managers today is their ability to judge the financial implication of their strategic decisions. It is important to make strategic business decisions that deliver shareholder value with proper analysis, and interpretation of financial information. There is an increasing focus on critical decision-making skills by integrating the financial dimension into managers’ functional area of expertise.

Non-financial executives must understand important concepts of accounting, cost management, capital management, and business valuation principles to become more effective in their functional roles. For non-financial executives, the higher up the organisation they go, it becomes an everyday necessity to interact with the finance professionals and to grasp the interpretation of finance figures for better decision making. A conceptual understanding of finance, and the value relevance of financial information is utmost important to merit attention of non-finance professionals from fields as diverse as production, planning, operations, supply chain, customer support, marketing, sales, and human resource management. Hence, all senior and mid-level non-financial professionals irrespective of their functional domain expertise require a practical working knowledge of accounting and finance to make informed business decisions. This management development programme course aims to provide an understanding of basic accounting and financial concepts to understand the financial information of an organization.

Objectives:

• To deliver key financial concepts for effective financial decision making.
• To discuss the financial statements and their interpretation for corporate decision making.
• To develop the skill of cash flow statement preparation, analysis and interpretation.
• To develop familiarity with capital budgeting decision and project investment appraisal.
• To familiarise participants with the Indian financial system and regulatory environment.
• To understand the use of cost information for strategic decision making.
• To discuss the cost management principles, cost control, and variance analysis.

Content:

• Understanding of Financial Statements
• Analysis of Financial Statements
• Appraising the Statement of Cash Flows
• Analysis of Cash Conversion Cycle
• Operating and Financial Leverage Analysis
• Debt Capacity Assessment
• Capital budgeting, and Investment Appraisal
• Introduction to Company Valuation
• Economic Value Added Analysis
• Introduction to Indian Financial System
• Introduction to Strategic Cost Management
• Sustainability reporting and Climate Finance
• Behavioural Finance

Target Audience:

This programme is designed specifically for non-financial professionals like mid-level and senior-level executives, marketing managers, IT professionals, entrepreneurs, administrative officers, and professionals working in non-finance domain.

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. : 0731-2439720/0731-2439727/0731-2439726/0731-2439666
Fax : +91-731-2439800