Do your operating managers need a sense of business finance?

All managers, in functions other than finance, must have a degree of financial competence and acumen to perform in their roles effectively. They can leverage this financial acumen to create value for the business and its stakeholders. The need for financial acumen increases as managers move up their career paths. Developing such financial acumen across the leadership in the organization will bring long term benefits to the business.

At this one-day workshop operating managers will learn :

• basics of business finance, financial concepts and terminology
• the three financial statements and to read, analyse and interpret them
• difference between profit and cash flow and the importance of cash flow in the business
• analyzing business operating performance using ROCE, margin, velocity and other ratios
• cost accounting concepts, contribution & break-even analysis and relevant costs for decision making
• principles of working capital management and role of operating managers in cash flow
• financial evaluation of capital investment projects using concepts of NPV, IRR
• creating value for stakeholders using EVA model and identifying value drivers

Ujjal Gupta is a Chartered Accountant and a Business & Executive Coach, with more than 35 years' experience in the corporate world in senior positions in financial and general management.

He began working with the Unilever group in India, where he spent the first 15 years of his career. Subsequently Ujjal worked for RPG Enterprises, WPP Group and IMSG India, respectively. 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 mergers & 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 coaching and consulting 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, C.I.I. Kolkata, Philips India, Alstom T&D, Hindustan National Glass, ISB Hyderabad, Mitsui, TCG Lifesciences etc.