Finance for Decision Making (for Non-Finance Executives)














  • PREFACE

    Finance impacts on all segments of organizational activity. It acquires funds, allocates resources, and tracks performance. It becomes the focal point for managerial attention, decision making, and accountability. Methods utilized by finance people in making financial decision are important and relevant to managers of other functional areas in all types of organizations. Thus the role of finance is all pervasive and has impact on the managerial decisions of non-finance executives. It is an extremely useful programme for management professionals for learning essentials of finance

    Successful managers know that their decisions affect the profitability of the company, but are often puzzled by the numbers they deal with. The programme empowers the non-finance managers with an understanding of the numbers. The programme provides the managers with a comprehensive working knowledge of critical financial principles in an easy to follow manner that will help them make better decisions in their organization. At the end of the course, the participants will be able to communicate finance related matters more effectively, understand the performance metrics of the organization, read and use company reports and comprehend other managerial accounting aspects. The participants learn to interpret crucial financial data in ways that enable them to improve their effectiveness and make a more productive corporate contribution for value creation.

  • PROGRAMME OBJECTIVES

    Successful managers know that their decisions affect the profitability of the company, but are often puzzled by the numbers they deal with. The programme empowers the non-finance managers with an understanding of the numbers. The programme provides the managers with a comprehensive working knowledge of critical financial principles in an easy to follow manner that will help them make better decisions in their organization. At the end of the course, the participants will be able to communicate finance related matters more effectively, understand the performance metrics of the organization, read and use company reports and comprehend other managerial accounting aspects. The participants learn to interpret crucial financial data in ways that enable them to improve their effectiveness and make a more productive corporate contribution for value creation.

  • CONTENTS

    The programme will cover the following broad areas:

    • Understanding and analysis of financial statements
    • Cost concepts and costing system
    • Profit planning and short-term decision making
    • Risk and return in financial management
    • Techniques of capital budgeting
    • Capital structure decision
    • Dividend decision
    • Working capital management
    • Financial derivatives
    • Capital market
    • International finance
  • METHODOLOGY

    The participants would learn through an appropriate mix of classroom lectures, interactive discussions, case studies, class exercises, take home group assignments and experience sharing. Both academic and industry practices would be stressed upon throughout the programme.

  • WHO SHOULD ATTEND

    This programme is designed for Heads of Divisions/Functions, Middle Level Managers and Managers, who are new to the concepts of finance or those who wish to update their knowledge on basic Finance and Accounts.

  • PROGRAMME DIRECTORS

    Prof. Prakash Singh is a Professor in the Finance & Accounting area at IIM Lucknow. He holds a Ph. D in “Reforms in Indian Banking” from BITS, Pilani, Rajasthan, besides a B.E. in Mechanical Engineering from HBTI, Kanpur and an MBA in Finance from Lucknow University. He is teaching courses in Commercial Bank Management, Risk Management, and Financial Institutions, Financial Reporting and Valuation for Post Graduate students at IIM Lucknow. Prof. Singh’s current areas of interests include Financial Inclusion, Microfinance, BASEL III, Corporate Governance, Credit Risk Modeling, etc. He can be reached at p_singh@iiml.ac.in.

    Dr. Vikas Srivastava is Associate Professor in the Finance and Accounting area group at IIM Lucknow. Dr. Srivastava is an MBA, Ph. D. and was a Visiting Doctoral Fellow at the Helsinki School of Economics under a scholarship by the European Union. Before joining IIM Lucknow, he has worked with National Institute of Bank Management (NIBM), Pune and IIM Ranchi. Dr. Srivastava offers training, research and consultancy support primarily in the areas of Large and Mid-Corporate Credit, Project and Infrastructure Finance and Public Private Partnerships. He has conducted more than 70 specialized training programmes for senior and middle management of Banks and Financial Institutions based in India, South Asia, Central Europe and Africa, besides other leading organizations like ONGC, EIL, and HUDCO, etc.
    He was also an Advisor to Axis Bank Corporate Banking and Project Finance Group.
    In 2012 he was invited by the Central Bank of Sri Lanka to deliver a Public Lecture on “Public Private Partnerships in South Asia.” In 2010, he offered capacity building support on Public Private Partnership and Project Finance to IPFF Cell, Bangladesh Bank (Central Bank of Bangladesh) and officers of other banks and Financial Institutions of Bangladesh at the Bangladesh Institute of Bank Management, Dhaka.
    He is also a visiting faculty to the Reserve Bank of India College of Agricultural Banking, Pune, and BOB Apex Training College, Ahmedabad. In 2008, he was a member of the team that completed an NIBM – IFC Washington – ADB Manila sponsored research project on Sustainable Project Finance.
    He has authored eight research papers and several case studies on Project Finance. He has also published a monograph and an international book on Financing Infrastructure projects by Indian banks. Prof. Vikas Srivastava can be reached at vikas.srivastava@iiml.ac.in.

  • PROGRAMME FEE

    Residential:The programme fee for the residential participant is @ Rs 70,000/- plus GST @ 18% or as applicable as per the Govt. of India guidelines. The fee includes the cost of boarding and lodging, tuition, course material, use of the Institute Library, Computer Center, and other infrastructural facilities, etc.

    Non-residential:The programme fee for non-residential participant is @ Rs 62,500/- plus GST @ 18% or as applicable as per the Govt. of India guidelines. The fee includes the cost of food during the course of the programme, tuition, course material, use of the Institute Library, Computer Center, etc.

    EARLY BIRD DISCOUNT Nominations received along with the programme fee up to 30 days before the programme date will be entitled to an early bird discount of 10%.

    GROUP DISCOUNT A group discount of 10% on programme fee is admissible provided an organization nominates, and attends a minimum 5 or more of its executives for the programme. Organizations sponsoring minimum 5 or more executives for the programme may avail both the discounts subject to a maximum discount of 20% provided the nominations along with the fee is received at our end 30 days before the programme date.

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MDP Contact No’s
0522-669-6288/82/83

Venue: IIM Lucknow (Noida campus) Residential Fee (excluding GST) : Rs. 70,000/-
Last date to Apply : Nov 05, 2017 Residential Early Bird Fee (excluding GST) : Rs. 63,000/-
Start Date : Nov 20, 2017 Non-Residential Fee (excluding GST) : Rs. 62,500/-
End Date : Nov 24, 2017 Non-Residential Early Bird Fee : Rs. 56,250/-

 

Last date for availing Early Bird Discount (10%) : Oct 19, 2017

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