Financial Analysis, Planning & Control

XLRI School of Business and Human Resources
In Jamshedpur

Rs 35,000
+ VAT
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Important information

  • Course
  • Jamshedpur
  • Duration:
    5 Days
Description

The inputs will provide a basis for creative finance executives (or executives from other functional areas who are expected to utilise the financial data and information for decision making purposes) to channelize their thinking process in appropriate directions, besides enhancing knowledge. The skills acquired may be effectively utilised in their day-to-day work improving the quality of business.

Important information
Venues

Where and when

Starts Location
On request
Jamshedpur
XLRI Circuit House Area (East), 831035, Jharkhand, India
See map

Frequent Asked Questions

· Requirements

Executives at all levels who belong to the functional area of accounting and finance from any organisation would greatly benefit from this programme. However, it may be noted that, executives belonging to other functional areas may also benefit from the said programme provided they possess the basic knowledge of accounting, costing & financial management tools

Course programme

As per the Companies Act 1956 (as amended over the years), the published financial information of companies, namely the Annual Report is not viewed as a mere inventory but, it is supposed to be a pictorial representation of the operating and financial results of the concerned company, which is essentially appreciated not by ignorant people, but by persons who are reasonably well placed to understand commercial expressions and commercial conditions. Published accounts would prove to be mines of valuable information supplying knowledge of the company's financial position in greater detail than is likely to be available from any other source. In view of the above, it may be commented that the financial data and information contained in the published accounts of the company coupled with the supporting and additional financial data generated internally within and organisation may be effectively utilised for planning, control and decision making purposes provided the managers are adequately equipped with the related tools and techniques of financial analysis. This programme is specially designed to provide assorted inputs in the areas of financial analysis, planning and controls essentially stressing on the practicalities and application parameters ensuring a reasonable understanding and appreciation of the crucial and vital components in the financial decision making process. These inputs will provide a basis for creative finance executives (or executives from other functional areas who are expected to utilise the financial data and information for decision making purposes) to channelize their thinking process in appropriate directions, besides enhancing knowledge. The skills so acquired may be effectively utilised in their day-to-day work improving the quality of business decisions.

Methodology

The participants would learn the concepts and implications of financial analysis, planning and controls through an appropriate mix of classroom lectures, interactive discussions, case studies, class exercises and take home assignments. Both conceptual and practical sides would be stressed upon throughout the duration of the programme.

Programme Contents
· Utilising costing data and information for decision making purposes.
· Financial analysis (clarifying the fundamentals).
· Financial analysis (the advanced techniques and concepts).
· A re-look at cash flows.
· Utilising cash flow and fund flow statements as essential planning and control devices.
· Budgetary controls and activity based costing as an essential reporting and control device.
· The utility of standard costing tools and techniques for planning, reporting and controls.
· Strategic cost and management accounting practices (decision making, planning and control).
· Various audit controls and their implications thereof.
· Creative accounting practices and implications thereon.
· Assorted inputs on Financial Management
· Receivables management (decision making parameters).
· Cash management (decision making parameters).
· Economic value added (reporting and interpretation).
· Cases, examples and comprehensive assignments.

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