I-Cube Insights,Mumbai

Training Program on Finance for Non- Finance Executives

Imperative of having a good understanding of Finance : Business performance is all about taking risks whilst knowing how to manage the same. The capacity and the capability to manage risk stems from 1. The overall knowledge of all factors that constitutes a risk. 2. Ability to monetize the risk factors involved and estimating the same. 3. Looking at the organizations intrinsic financial and operational strength s and weaknesses and understanding the capacity to absorb the impact should the risk devolve and finally; 4. Able to develop to develop appropriate sales and operations strategy so as to be able to handle the risk with minimal or no impact. All the above makes us come to a single point i.e. whatever be the function one is engaged in understanding finance is prime most so as to be able to correctly monetize and assess the risk and management strategies thereof. It is therefore important to have a good understanding of finance in order to be able to perform better than peers and outperform in ones job. This course is structured and focused at non finance corporate functions who need to understand the impacts that their action has on the firms financial performance and by reflection on the individuals performance and growth path Course objective: The course intends to achieve the following objectives: Relate ones performance with respect the financial performance of the organization better. Improve negotiating skills with customers / Vendors / Subordinates/ Employees and other stakeholders Make the executive understand the meaning of financial numbers and their impacts on other related activities of the firm. Make the executives conversant with the financial statements, ratios and the meaning thereof. Improve dialogue and understanding between the executive and the other departments of the organization.

Prepared By: SB Rev-0 Course outline: Finance for Non- Finance Executives

Dated: 28.03.12

I-Cube Insights,Mumbai
Course Structure: Understanding the contents of real time profit and loss accounts and balance sheet of companies. Analyzing Financial Statement and understanding financial health of companies using ratio analysis. Relating impacts that different departments of an organization make on the performance ratios of a company. Fundamentals of Costing, break even analysis. Important of working capital management cash flow, liquidity. Special financing and sales tools Installment sales, different types of payment terms and their risks and impacts, leasing, Loan financing etc. Fundamentals of International finance- foreign exchange ,import and export and risks thereof .

Target Audience Junior and middle level executives in a manufacturing organization across sales, purchase, production and Stores, HR, Customer Service

Prepared By: SB Rev-0 Course outline: Finance for Non- Finance Executives

Dated: 28.03.12