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 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.
This brief program 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 and financing of projects, and the financial decisions involved in day to day working of a firm. With businesses no longer remaining confined to the boundaries of a nation, the program also intends to provide an overview of the international financial management.
The program 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 program, 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.
- Goals and Functions of Finance
- Basic Concepts in Finance
- Financial Statements Analysis
- Working Capital Management
- Capital Budgeting Decision
- Corporate Financing Decision
- Financial Derivatives
- Essentials of International Finance
- Behavioral Finance
Management Development Programmes (MDP) Office
Indian Institute of Management Indore
Prabandh Shikhar, Rau-Pithampur Road
Indore 453556, Madhya Pradesh, INDIA
Email : email@example.com
Tel. : +91-731-2439750, 2439752, 2439753, 24397544
Fax : +91-731-2439751, 2439800
Middle level executives working in marketing, operations, materials, human resource and other non-finance areas of companies, and desirous of understanding the basics of finance.
An appropriate mix of lectures and case-discussion, Accounting & Finance Lab
Service Tax, as applicable, will be additional
Prof. Yogesh Maheshwari