Why
this workshop?
In today's economic environment when costs are rising and demand is falling, there is a greater necessity for improved communication between financial and non-financial professionals. Non-finance managers need to learn the language of finance and vice versa. This will lead to a better coordinated and team approach to meet business goals and objectives.
Operating managers require a degree of financial competence, so that they are financially alert and understand the business implications of decisions taken by them and how this ultimately affects value of the organization. This understanding in turn will help them deliver better results in their respective functional areas.
Who will benefit
Operating managers, from all functional backgrounds and professionals & business-persons, who have not had exposure to a full finance course before.
Knowledge and skills gained
- Role of finance and that of financial management in business
- Basics of business finance, financial concepts, finance terminology
- Ability to analyse and interpret financial statements, viz., the Balance Sheet, Profit & Loss A/C and Cash Flow Statements
- Profit vs cash flow and the importance of cash flow in the business
- Measuring business performance using ROCE, Margin, Velocity and other ratios - for benchmarking and assessing financial health and operating efficiencies
- Creating value for stakeholders using EVA model
- Concepts and principles of working capital management and its components - inventory, receivables, payables
- Financing alternatives for working capital and cash budgeting
- Different approaches to costing, fixed and variables, relevant costs etc
- Application of management accounting for decision making - make or buy, pricing, sales incentive planning etc
- Financial evaluation of capital projects using concepts of NPV, IRR
- Business planning, annual budgets, sensitivity of plans, monitoring
Topics
| Day 1 | Day 2 |
Basics of business finance
- The science and the art of finance
- Video on business finance
- Terminology, concepts and limitations
|
Costing and management accounting
- Video on costing methods
- Absorption and marginal costing
- Application in decision making
- Relevant cost approach
- Case study exercises
|
Reading financial statements
- Introduction to Balance Sheet, P&L and Cash flow
- Profit vs Cash flow and the importance of cash
- Operating cash flow and concept of free cash flow
|
Business planning and budgeting
- Long term planning
- Annual budget
- Cost budgeting
- Real benefits of budgeting
|
Business Performance Measurement
- ROCE and other key ratios
- Usage and limitation of ratios
- Accounting profit vs Economic value added
- Case study on inter-firm comparison
|
Time value of money
- Discounting future cash flows
- Concepts of NPV and IRR
- Capital project evaluation
- Case study exercises
|
Working Capital Management
- Principles, concepts and trade-offs
- Inventory management techniques
- Credit appraisal, operations and risk oversight
- Case studies
- Financing options
- Cash flow planning and management
|
Finance Quiz
- Recap through a quiz format
- Summarise key learning and personal action plan
|
Faculty
Ujjal Gupta, a chartered accountant with 35 years' experience in industry, is currently a management consultant and a business finance coach.
He began working with the Unilever group in India, where he spent the first 15 years of his career. Ujjal then worked for RPG Enterprises, WPP Group and IMSG India. In his role as the CFO/COO during the last 18 years of his employment in the corporate sector, he was responsible for developing, maintaining and upgrading financial management systems in these businesses.
As Executive Director and COO of Bates India P Ltd, now part of WPP group, Ujjal was a member of its Board of Directors from 1999 till 2007. He was responsible for its turnaround in profitability and implementing growth strategies both organic and through acquisitions.
A national rank-holder in the professional examination for chartered accountancy in India, Ujjal is at present a Fellow of the Institute of Chartered Accountants of India. In addition to his consultancy engagements, he is a visiting faculty member for finance-related programmes at executive training and development centres, and has also conducted in-house training workshops with various leading organisations, such as Hindalco, Philips India, Alstom, Hindustan National Glass, ISB Hyderabad, etc.
Methodology
In our workshop, we maximize knowledge assimilation in the participants through combination of execution elements like case discussions, exercises, simulated games and activities, video led sessions and discussions on global best practices. At the end of each workshop we facilitate the participants to distill Key Learning and prepare Action Plans to deliver solid business results for our clients.
Clients and Participants Speak
Fees and Registration
The fee which covers breakfast, lunch & tea/coffee and reading material.
|
| For 1-2 participants - Fee per participant |
For 3 or more participants – Fee per participant |
| Rs.
14,500/- plus taxes* is Rs. 16,292/- |
Rs. 13,500/- plus taxes* is Rs. 15,168/- |
| * Taxes Include - Service tax @ 12% plus education cess at 3% |
The fee is payable by cheque in favor of "NR Performance Edge Consultants Pvt. Ltd.",
at any of our addresses below.
Our Service Tax Registration No. is AACCN1359CST001 & PAN AACCN1359C Kindly send your nomination/s through email to performanceedge@gmail.com
or on your letter head indicating Name/s, Designation, Phone No. and E-Mail ID of the nominees along with the fee to reach us at least seven days before the workshop, the nominations can be sent to our Kolkata, Gurgaon or Mumbai office.
The workshop is non residential; and company reserves the right to change venue, contents, dates and speakers. The service tax on fee will be applicable based on the latest Government notification in force on workshops dates.
NR Performance EDGE Consultants Pvt. Ltd. |