Training Course

Financial Management


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:

  1. Enhance their role as a decision maker and understand the implications of finance on departmental activities,
  2. Understand budgetary process and nuances related preparation of budget,
  3. Taking Procurement and appropriation and re-appropriation of budget decision,
  4. Enhance the ability to identify areas for cost reduction and management, 
  5. Understand various tools for financial planning, program evaluation, performance evaluation and control,
  6. Help them understand and interpret financial statements,
  7. Smelling frauds and ensure due diligence,
  8. Understand Regulatory Framework in Financial Markets.

Programme Coverage

  1. Understanding Finance and Financial Terms
  2. General Financial Rules, 2017
  3. Budgeting Process
  4. Appropriation and Re-Appropriation of funds
  5. Tools and techniques for short term and long-term financial planning
  6. Understanding financial statements: Balance Sheet, Income Statement
  7. Analysis of Financial Statements for Decision Making
  8. Forensic Financial Statement analysis
  9. Financial Products and Service & Regulatory Framework


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:

  1. Professor Video on theoretical background on the topic 5-18 minutes.
  2. Reading material with list of references and Videos
  3. Online Quiz
  4. Case study for Discussion
  5. 45 minutes live discussion with Professor

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.


A certificate of completion will be awarded to the participants at the end of the programme.




Behavioral Competency

Domain Competency

Functional Competency


Fundamentals of Finance

Visioning and Alignment


Financial Terms

Language of Finance


Financial Accounting

Cost Accounting

Management Accounting

Role of Finance Managers

The Bottom Line

Financial reporting



Managing Cash Flow

Decision Making

Using Financials


Cash Flow Statement

Cash Flow Analysis

Cash Vs Credit

Accrual/Cash Accounting

Management of Cash Flow

Fund Flow Management

Financial Management


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



Income Statement Formulation

Financial Statement Analysis

The Bottom Line

Financial Health and Performance Evaluation

Financial Health and Performance Evaluation


Balance Sheet: What it is and How to read it?

Decision Making


Due diligence

Visioning and Alignment


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


Forensic Financial Statement Analysis: What Financial Statement Reveals and Hide?

Decision Making


Due diligence

Visioning and Alignment


Net Receivable

Non-performing Assets

Intangible Assets

Human Capital/Assets

Long Term Liabilities

Contingent Liabilities 

Detecting Frauds

Tax Planning

Raising Funds



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


How to analyze Cost for Decision Making?

Decision Making

Planning & Organizing


Managing Resources

Nature of Cost

Fixed and Variable Cost

Functional Cost

Semi-Variable and Step Fixed cost

Cost Management

Cost Cutting

Cost Control


Short Term Financial Decisions

Decision Making

Planning & Organizing


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.



Decision Making for Long Term Projects

Decision Making

Planning & Organizing


Managing Resources





Capital Budgeting



Financial Planning



Budgeting Process in Government 

Decision Making


Managing Funds

Appropriation/ Reappropriation of Budgets


Planning & Organizing Financial Resources


General Financial Rules 2017

Public Procurement Decisions


Managing Funds

GFR Rules for Procurement and Public Works

Intricacies in Public Procurement Finalizing Tender Documents

Inviting Tenders and Finalizing Procurement


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

Resource Material 

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