| Objective:
To understand how to interpret Financial Statements for
making sound operational decisions |
| Content: Day
I |
Basic
Concepts
Basic concepts in financial management
and introduction to financial statements. |
Understanding
Financial Statements
In this session the structure and contents
of the Profit & Loss A/c and the Balance Sheet and
the relevance of different items contained therein are
explained. The first two sessions are intended to lay
the foundation and would be generic in nature. |
|
Making
of a Balance Sheet - Layman's & Accountant's Way
Layman's
way -
In this session participants will learn the easiest
and most logical way to prepare a Profit & Loss
Account and Balance Sheet without even an elementary
knowledge of accounting
Accountant's
way
- The intricacies involved in the making of the two
basic financial statements from an accountant's perspective
are discussed in this session. How to pass journal entries,
post them into ledger accounts, make a trial balance
and eventually the Profit & Loss Account and Balance
Sheet are illustrated using an example. & Loss A/c
and the Balance Sheet and the relevance of different
items contained therein are explained.
|
Good
Finance Management - two rules
Two fundamental rules of good finance
management, which, if followed, can help organisations
avoid a host of finance mis-management related problems
are explained in this and the next session. These rules
have universal applicability and are not industry specific.
In this session Rule One which deals with profitability
management will be explained. Rule Two which covers cash
flow management will be discussed in the next session.
This is a very powerful session and extremely important
for the entire organisation to understand and appreciate,
and is unique to programmes conducted by Lamcon. |
| Day
II |
| Good
Finance Management - two rules
contd... |
|
Marginal
Costing Principles
The session helps participants to work
out the Break Even Point for their businesses/ projects,
set targets for achieving sales, determine pricing policy,
assist in marketing related decisions, understand the
impact on profitability of decisions pertaining to credit
given to customers, discounts offered etc. |
| Case
Studies on Application of Marginal Costing Principles |
Leverage
Analysis
How fixed cost assets or funds can
be used to magnify returns to owners is explained in this
session. Also covered is the impact of borrowing on profitability,
how to decide when and how much to borrow and when not
to borrow, how to maximise profitability by using leverages
to one's advantage and the use of leverage analysis to
understand how safe/risky an organisation is. |
| Day
III |
Ratio
Analysis
Ratio Analysis is also a powerful control
tool and helps in inter- and intra-company analysis and
also in ensuring that the organisation is performing within
industry norms, and if not, the steps to be taken for
it to do so. |
Evaluation
of Capital Expenditure Proposals
In this session we will discuss the
Net Present Value method of evaluating projects and will
also clarify terms like Discounted Cash Flow, Internal
Rate of Return etc. |
| Evaluation
of Capital Expenditure Proposals - Case Studies |
Reading
of Funds Flow Statements
How to read Funds Flow Statements to
get an insight into the happenings within an organisation,
understand where the money has gone and whether it has
been put to right use is the objective of this session.
This will be done through a case study where the participants
will be expected to evaluate the health of an organisation
using a funds flow statement in a group discussion exercise.
The participants will also get an opportunity to test
the practical application of all the principles that they
have learnt during the course of this programme. |
Methodology
The programme
will be practice oriented and shall comprise of lectures,
group discussions, case studies, etc. |
Participant
Profile
The programme
is designed for a wide range of executives from within
and outside the finance function. Prior exposure to finance
and accounts not essential. |
Programme
Faculty
Dr
Anil Lamba is a practising Chartered Accountant,
holding degrees in Commerce and Law and a Doctorate in
Taxation. He is a prolific writer, having contributed
hundreds of articles to leading newspapers and magazines.
He is also the founder director of Lamcon School of Management,
a renowned business school located at Pune, India. Dr
Lamba is a trainer of international repute. He teaches
extensively and his clients comprise several hundred large
and medium sized corporations across different countries
of the world. |
Investment
Professional
charges: Rs 120000/-
per day (for programme in India) and US$ 3000 per day
(for programme outside India). Expenses towards traveling,
lodging & boarding of the faculty, venue for the training
program, course material, lunch, refreshments, etc. would
have to be borne by client. |
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