Of all the functional areas of management, finance perhaps stands out as the most challenging and crucial one. Successful management of businesses requires a sound understanding of the concepts and methodologies of financial management.
DurationOf all the functional areas of management, finance perhaps stands out as the most challenging and crucial one. Successful management of businesses requires a sound understanding of the concepts and methodologies of financial management. As an analogy to the human body, finance is like the blood flowing through the organization.
Every member of an organization contributes to the overall growth of the organization. But those belonging to the non-finance areas often are not able to understand the growth reflection in terms of numbers. Numbers and its language always remains an alien to them. The non-finance executives can thus add lot of value to their profile by being conversant with the essential principles of finance, so that they are not only able to comprehend the numbers but are also able to relate their output to them.
The non-finance executives generally remain so occupied with managing their own jobs that they find no time to learn about the other areas. Rising up the ladder of one’s managerial career when one is required to be the in charge of a business unit, it is imperative for the general manager to have knowledge of all functional areas and especially finance.
Objectives
This brief programme of three days aims at equipping the participating non-finance executives with the essentials of financial management through an understanding of the basic functions of finance, financial statements and their managerial implications, techniques for appraisal of projects, financial decisions involved in day to day working, and capital structure decisions of a firm.
The programme will also introduce the participants to financial derivatives as risk management tools and provide an overview of the financial markets.
The programme intends to fulfill the aforesaid objectives through an assorted use of one or more of the different pedagogical tools such as case analysis, discussions, role playing, lectures, group exercises etc.
At the end of the programme, the participant should be able to feel friendly with numbers and relate their input better to the output of the firm and to the broader environment within and outside the firm.
Content:
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.
Finance for Non Finance course is offered by Learning Candid India Pvt Ltd. Learning Candid India provides companies with apt and advanced solutions to enable- empower and enrich their people with a plethora of training programs that cover a huge array of specialties.
Finance covers any decision made by firms which have financial implications. Thus, there is finance aspect to almost every action taken by a firm, no matter which functional area claims responsibility for it.
This programme provides practical tools to increase understanding of managing Operational Risk Management and non-financial risks in financial institutions. Learning is achieved via theory and approach examples. Additionally, insight will be achieved through the use of real-world examples.
Finance for Non-Finance Executives course is offered by National Bank Staff College (NBSC). The College has well qualified and experienced team of Faculty Members to cater to the diverse needs of training.
This 2 days' Training on "Finance for Non-Finance" has been designed to empower the participants with critical understanding of Financial Statements such as Balance Sheet, Profit & Loss Statement and Fund flow Statement and how the same are used in the business for decision making.
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