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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. 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 financial implications. Finance and its language always remain 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 financial paradigm but are also able to relate various corporate functions and their own contribution to it.
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.
This brief four-day programme 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 also aims to equip the participants with contemporary wealth management tools to manage their personal finances effectively.
The programme intends to fulfil 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, problem solving etc. At the end of the programme, the participant should be able to feel friendly with financial nomenclature and relate their input better to the output of the firm and to the broader environment within and outside the firm.
- Goals and Functions of Finance
- Basic Concepts in Finance
- Financial Statements Analysis
- Working Capital Management
- Investment Appraisal
- Corporate Financing Decision
- Financial Markets and Institutions
- Personal Financial Management
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
Middle level executives working in marketing, operations, materials, human resource and other non-finance areas of companies, and desirous of understanding the essentials of finance.
60000
GST, as applicable, will be additional
Prof. Gaurav Singh Chauhan
Email: gauravs@iimidr.ac.in
Phone: +91-731-2439592