Objective
All managers in an organization should have a basic understanding of finance and accounts to enable them :

Capability to communicate effectively is a personal skill and in an emerging competitive environment it is a very desirable trait to possess. Communication skills can be acquired through learning and practice. All executives at all levels should enlarge their personalities by improving their oral, written and presentation skills.

1. To effectively interact with their financial counterparts.
2. To manage their business in an effective manner. In order to manage a business effectively, financial understanding of the business is essential. For instance, a manager also needs to understand the cost structure of his business.
3. To make effective decisions. Effective decisions cannot be made unless the financial implications of various alternatives are thoroughly understood.
4. To make investments decisions.

This program is designed to make the participants under finance, accounting and management accounting principles so that they make use of them for effective decision making and profitable management of their business unit, division or department. Apart from theory, participants will also be made to practice on problems for better understanding.

Content

The following key topics will be discussed :

1. Understanding of accounting concepts in financial statements and how the final accounts of a firm are made :
   (a) Accounting entries including Debit/Credit (b) Balance Sheet & Profit & Loss Account
   (c) Depreciation
   (d) Stock Valuation
2. Understanding of the concept of cash flows and the distinction between profitability and cash flows.
3. Importance of working capital and its management.
4. Use of financial ratios as key indicators.
5. Understanding of Management Accounting concepts for decision making.
   (a) Types of costs
   (b) Breakeven analysis - Relationship between costs, volume and profit
   (c) Budgeting process
   (d) Costing methods
6. uation of investment projects
   a) Net Present Value

Format
The contents will have an appropriate mix of theory and practice with more emphasis on the later. The training program will be highly interactive, that is, participants will be involved in discussion. The Trainer will use examples from his own experience as a business executive and entrepreneur to illustrate and strengthen understanding of the subject.