Management Development Programmes(ENHANCING ACCOUNTING & FINANCE ACUMEN)

The Programme aims at enabling the participants:
a) To understand financial statements and underlying framework of Generally Accepted Accounting Principles (GAAP) b) To develop analytical skills for financial analysis c) To learn and appreciate contemporary issues in management accounting like Activity-Based Costing and Management (ABC/ABM), strategic cost management, budgeting and management control d) To develop analytical skills for long term investment decisions including capital structure and cost of capital issues The programme design covers the following topics: Understanding of financial statements - balance sheet, profit & loss statement and cash flow statement along with the underlying framework of GAAP. Corporate performance evaluation - linkages of corporate performance management system with corporate strategy, variance analysis using financial measures. Financial analysis - using time-series data of a company and a number of analytical tools. long term investment decisions - discounted cash flow methods (NPV and IRR), relevant cash flows opportunity versus sunk cash flows, capital structure and its impact on cost of capital. Activity-based costing and management - relevant costs for alternative choice decisions (full costs versus differential costs) Budgeting and profit planning - role of budgeting, types of budgets, incremental budgeting and zero-base budgeting.