Critical Issues In Finance & Accounting that a non-finance professional need to know:
Bulls Capital Finance for non-finance Executives Course comprehensively introduces such participants to the rudiments of the world of finance.
The Finance for non-finance platform enables professionals, especially from functional areas other than finance such as sales, marketing, human resource, research and development, production, procurement, engineering 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 analyze financial statements as well as grasp the basic fundamentals of finance and accounting.
This training is designed for 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.
The training is appropriate for self-employed professionals such as lawyers, medical practitioners, and non-financial managers across different industries, both in the public and private sector.
The training is designed with a mix of experience sharing, real life case discussions, besides lectures conducted in the class
Provide practical insights and gives non specialists a swift appreciation of the fundamentals of finance and accounting, leading to better retention of the knowledge gained
Participants shall be provided with a copy of the training materials
Day One
Basics of financial accounting, understanding financial statements and Working capital management
Balance sheet
P&L account
Cash flow statements
Profit v/s cash flow analysis
What is working capital?
Kinds of working capital
Operating cycle and components of working capital
Working capital management and decision- making.
Day Two
Cost information for decision-making, budgeting and evaluation of investment projects
Cost concepts including discussion on marginal costing
Some important cost definitions
Need and type of budgets
Alternative approaches for budgeting
Commonly used budgets
Budgetary control process
Limitations of budgets
Case study and illustrations.
Meaning of capital budgeting
Approaches to capital budgeting
Techniques of capital budgeting
Practical application of net present value and internal rate of return
