MVL | Course Details

Finance for Non-Finance Executives

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Finance for Non-Finance Executives

Many successful managers and business people do not have any formal financial training. Nevertheless, understanding the basic concepts of financial management and analysis is an important advantage for anyone who wants to get to the top or to run their own business competitively.

Understanding finance is at the heart of effective management. Applying the central concepts of financial and management accounting is key to making the right decisions and ensuring maximum return. If you need a basic understanding and overview of cash flow, budgets, financial ratios, costing decisions and balance sheets this is the course for you.

This is a clear and practical course that will leave you with a thorough understanding of the uses, limitations and scope of financial statements.

This intensive two-day workshop introduces tools to help you answer basic questions about any business. How healthy is this business? What does the balance sheet tell me? How much is the company worth? Is this project really profitable? What do those annual reports mean?

This course will not make you an expert in these areas but it will remove the mystery from the language of accountants and newspaper financial pages and will help you to understand your business properly.

The course assumes no knowledge of finance or accounting but some experience in general management and basic spreadsheet skills would be useful.

What will you learn?

When you complete this course, you will have an understanding of :

  • Understanding Financial Statements – Profit and Loss – Balance Sheet – Cash Flows
  • Key Financial and Performance Ratios – Liquidity and Solvency – Performance
  • Reading annual reports – Audit Reports – Key Financial Figures – Notes to Accounts
  • Key Principles of Business Financing – Risk and Return – Debt and Equity – Gearing and Cost of Capital
  • Discounted Cash Flows – Opportunity Cost and Risk – Cash Flow vs. Profit – DCF Principles – Net
  • Present Value and Internal Rate of Return
  • Basics of Costing Principles

Course Content:

Contract management and models of engagement

  • Fixed price
  • Time and material
  • Royalty
  • Revenue sharing

Business risks

  • Analyzing customer related risks
  • Analyzing vendor related risks
  • Analyzing operational risks

Getting down to business

  • Key decision areas and the financial information required for decision making
    • Investing decisions
    • Operating decisions
    • Financing decisions
  • Business activities
    • Financing activities
    • Investing activities
    • Operational activities
  • Basics of accounting and finance
    • Accounting principles, concepts and conventions
    • Indian GAAP-US GAAP-IFRS
  • Understanding the numbers
    • Balance Sheet
      • Liabilities
      • Assets
    • Profit and Loss Account
      • Income
      • Operating/Non-operating
      • Expenditure
      • Cash/Non-cash
      • Operating/Non-operating
    • Cash Flow Statement
      • Time value of money
      • Net present value (NPV)
      • Present value pay-back
      • Internal rate of return (IRR)
      • Profitability Index (BCR

Building financial statements

  • Balance Sheet, Profit and Loss Account and Cash Flow
  • Connecting the financial statements

Analysis and interpretation of financial statements

  • Measures of profitability, efficiency, liquidity and financial risk
  • Profit and cash flow analysis
  • Depreciation – a special kind of fixed cost
  • Profit ratios
  • Contribution margin analysis
  • Debt paying ability ratios
  • Asset turnover ratios
  • How is the value of a company determined?

Working capital management and business capital sources

  • Capital structure, debt and equity
  • Weighted average cost of capital (WACC)
  • Return on investment
  • Pivotal role of taxes
  • Return on capital employed (ROCE)
  • Economic value added (EVA)
  • Making financial decisions

Cost computations for decision making

  • Types of costs
    • Direct / Indirect costs
    • Fixed / variable costs
    • Sunk costs
    • Controllable / non-controllable costs
  • Cost-volume-profit relationship
  • Break-even point
  • Direct costing / Absorption costing / Standard costing / Marginal costing

Planning, budgeting and variance analysis

  • Budgets and budgetary controls – Building a budget
  • Planning and budgeting capital expenditure
  • Variance analysis

Download Brouchure
Delivery mode
Classroom and Live Virtual Classroom (LVC) Mode
Duration
2 full days
Course level
Foundation level
Course Price
Indian-10,000+18%GST; Foreign-USD400+18%GST

Contact US

MVL Consulting Private Limited

Address : #17, Laxman Villa Condominium, Paud Road, Pune, Maharashtra 411038 India 

Phone : +91 - 20 - 2546 6154

Mobile: +91 - 7030735350 / 9764835350

Email-id : info@mvlco.com

CIN No. : U31909MH1996PTC100429

 

Contact for Inhouse Programs

Head- Learning and Development

Name : Ms. Sangeeta Dokey

Phone : +91-9168 435 350

Email-id : info@mvlco.com

 

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