Financial awareness has a significant impact on effective decision making in an organization. This program provides a working knowledge of the basic principles of financial management. Non-Finance executives can strengthen their day to day functioning by becoming conversant with the fundamentals of finance. Participants will learn to interpret financial information and understand the financial implications of their decisions.
Objectives of the Programme
This program aims to meet the requirements of the professionals in different functional areas who would like to be well versed with the introductory nuances of finance. Deciphering financial jargon and developing the ability to see the real implications of numbers is a key outcome of this program. This Programme aims to:
Programme Coverage
Methodology
There will be a blend of theory and practice in the form of classroom discussions, lectures with suitable numerical exercises on Microsoft Excel with What if Scenarios. Each session will be using a relevant case study to ensure active participation. Each session will have following Ingredients:
Target Group
Officers of All India Service (lAS, IPS & IFoS), officers working under the Central Staffing Scheme, officers of Central Secretariat Service (CSS) and officers of Central Secretariat Stenographer Service (CSSS) (DS/Sr. PPS and above level.
Certificate
A certificate of completion will be awarded to the participants at the end of the programme.
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Session |
Topic |
Behavioral Competency |
Domain Competency |
Functional Competency |
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Fundamentals of Finance |
Visioning and Alignment |
Accounting Financial Terms Language of Finance
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Financial Accounting Cost Accounting Management Accounting Role of Finance Managers The Bottom Line Financial reporting
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Managing Cash Flow |
Decision Making Using Financials Prioritising |
Cash Flow Statement Cash Flow Analysis Cash Vs Credit Accrual/Cash Accounting |
Management of Cash Flow Fund Flow Management Financial Management |
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Understanding Income Statement: What it hides and Shows |
Using Financials Visioning and Alignment Due Diligence Decision Making |
Profit and Loss Account Sources of Income Trading Account OPEX CAPEX |
Income Statement Formulation Financial Statement Analysis The Bottom Line Financial Health and Performance Evaluation Financial Health and Performance Evaluation |
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Balance Sheet: What it is and How to read it? |
Decision Making Prioritising Due diligence Visioning and Alignment
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Share Capital Net worth Working Capital Net Assets Current Assets Non-Current Assets Book Value Market Value |
Financial Statement Analysis The Bottom Line Finalization of Balance Sheet of organization |
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Forensic Financial Statement Analysis: What Financial Statement Reveals and Hide? |
Decision Making Prioritising Due diligence Visioning and Alignment
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Net Receivable Non-performing Assets Intangible Assets Human Capital/Assets Long Term Liabilities Contingent Liabilities |
Detecting Frauds Tax Planning Raising Funds
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Government Accounting System Vs Corporate Accounting System |
Decision Making Visioning and Alignment |
Accrual Accounting Cash Accounting Accounting Principles and Conventions Cash Profit vs Net Profit |
Managing Accounting Decisions |
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Decision Making Planning & Organizing Negotiating Managing Resources |
Nature of Cost Fixed and Variable Cost Functional Cost Semi-Variable and Step Fixed cost |
Cost Management Cost Cutting Cost Control |
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Short Term Financial Decisions |
Decision Making Planning & Organizing Negotiating Managing Resources |
Behavior Cost of different types of Cost Break Even Analysis |
Determining Price and Cost of Products and Service Continue or discontinue a project. Make/Outsource |
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Decision Making for Long Term Projects |
Decision Making Planning & Organizing Negotiating Managing Resources |
NPV IRR ROI ROE Capital Budgeting
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Budgeting Financial Planning
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Budgeting Process in Government |
Decision Making Negotiating Managing Funds |
Appropriation/ Reappropriation of Budgets
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Planning & Organizing Financial Resources |
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General Financial Rules 2017 |
Public Procurement Decisions Negotiating Managing Funds |
GFR Rules for Procurement and Public Works |
Intricacies in Public Procurement Finalizing Tender Documents Inviting Tenders and Finalizing Procurement |
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Financial Market |
Using Financials Visioning and Alignment Due Diligence |
Financial Products and Service Role of Regulators Options for Raising Funds |
Managing Financial Resources Investment Analysis |
