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.
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 that support the growth 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 to 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 necessities to interact with the finance professionals and to grasp the interpretation of finance figures for better decision making.
Conceptual understanding of finance, and its value relevance interpretation is utmost important to merit attention of non-finance professionals from fields as diverse as production, planning, operation, 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 assimilate the financial information of an organization.
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With the objectives of imparting high quality management education and training, the Department of Higher Education, Ministry of Education, Government of India established Indian Institute of Management Indore as Institutions of Excellence. These Institutions are recognized as premier management institutions, comparable to the best in the world for teaching, research and interaction with industries.
Established in 1996, Indian Institute of Management Indore (IIM Indore) has been a leader in the field of management education, interfacing with the industry, government and PSUs. It is promoted and nurtured by the Ministry of Education, Government of India and is an institute of national importance under the Indian Institutes of Management Act 2017.
Situated atop a scenic hillock, the 193 acre campus of IIM Indore provides an ideal backdrop for contemplative learning. IIM Indore has the latest in teaching aids, rich learning resources, a strong IT backbone, state-of-the-art sports complex and hostels as well as contemporary infrastructure.
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