This program is specially designed to provide basic knowledge of accounting and finance for Managers in marketing, operations, human resources, information technology fields, entrepreneurs and self-employed professionals with non-finance background. This programme provides a logical framework to gain an insight on various aspects of balance sheet, analysis of financial statements, budgeting, working capital and cost control to help managers make better strategic and operational decisions. The programme will equip the participants with appropriate skills in finance to deal with changing business environment.

Objectives:

To help Non Financial Professionals/managers in enhancing their fundamental financial skills. To help understand the impact of financial principles in business decisions.

It is an introduction to core financial concepts and a simple approach to understand the financial documents. To introduce to analyse the financial statements so as to help the implementation of financial controls to meet the business objectives.

Contents:

01. Introduction and Understanding of Financial Accounting.

 Introduction

  Definition

  Principles

  Objectives

 Understanding
 
  Recording

  Summarising

  Finalising

02.Understanding Financial Statements.

 Balance Sheet

 Principle of Reverse Liquidity

 Categories of Assets and Liabilities

 Profit & Loss Account

 Manufacturing Account

 Trading Account

 Profit And Loss Account

 Gross Profit

 Net Profit (PBIT, PBT, PAT)