Certificate Course In Finance For Non-finance

The Finance for non-finance program enables professionals, especially from functional areas other than finance such as sales, marketing, human resource, research and development, production, procurement, to gain an extensive working knowledge of critical financial principles in an easy-to-follow manner, enabling them to make critical business decisions involving cost-savings, budgets, new projects decisions, growth strategies and so on. Participants are able to understand and analyses financial statements as well as grasp the basic fundamentals of finance and accounting.

Objectives:

• This programmed aims to meet the requirements of operating managers who would like to be well versed with the introductory nuances of finance in different functional areas.
• Understand the implications of finance on various corporate activities
• Understand and analyze financial statements
• To get ready to discuss relevant financial issues with finance managers/stakeholders of organization
• Understand the impact of various decisions on a company’s performance
• Get practical insights and gain swift appreciation of the fundamentals of finance and accounting.
• To create the synergy between university education and Professional education to enhance the employability of the learners of Department of Public Policy and Governance (DPPG), BK School of Professional and Management Studies, Gujarat University.

Content Of Certificate Course In Finance For Non Finance:

• Basics of financial accounting and understanding financial statements
• Balance sheet
• P&L account
• Cash flow statements
• Profit v/s cash flow analysis
• Working capital management
• Meaning and Types of working capital
• Operating cycle and components of working capital
• Working capital management and decision-making.
• Cost information for decision-making and budgeting
• Cost concepts including discussion on marginal costing
• Some important cost definitions
• Cost Decision Making: Make or buy, shut down or continue, Sell or process further, Domestic versus export sales
• Need and type of budgets
• Alternative approaches for budgeting
• Commonly used budgets
• Budgetary control process
• Limitations of budgets
• Case study and illustrations.
• Evaluation of investment projects
• Meaning of capital budgeting
• Approaches to capital budgeting
• Techniques of capital budgeting
• Practical application of net present value and internal rate of return
• Features of capital budgeting decisions
• Case study and illustrations.
• Other Important aspects

For Whom:

Managers, senior managers, middle level executives in non-financial positions who need to improve their financial skills in order to make critical business decisions involving cost savings, budgets, new projects, growth strategies, etc. This course can also potentially benefit entrepreneurs who are required to make daily business decisions regarding their companies.

Benefits:

• Knowledge about foundations of Finance
• Fundamental knowledge analysis techniques
• Learn about different important aspects of Finance
• Learn about Interpretation of Financial data