About the course:

Knowledge of financial aspects, which helps in decision making, is the key to success. It is important for non-finance professionals to be conversant with financial-decision making tools, which helps them to analyse a given financial statement, understand the nature of cost and ways to reduce cost, take pricing decision, decide a product mix and opt for the best option suiting the financing need.

This program provides awareness and understanding of the ways finance affects their business objectives. The participants will get familiar with the form, content and analysis of financial statements and the main accounting principles and techniques. The program may also help in the improvement of organizations’ performance by pointing out the importance of cost control, break-even and variance analysis. After completing the program, participants will be able to communicate comfortably with financial executives and discuss the financial performance of the organization effectively.

This 18-hour program is expected to give you valuable insight into important financial areas and is extremely relevant for decision making.

Benefits of the course:

  • Understand financial statements and its key elements
  • Understand how business decisions made by you impact key elements of your company’s financial statements
  • Identify signals pointing to deterioration in financial condition
  • Take part in discussions on current financial and economic issues
  • Know the advantages of budgeting
  • Analyze the reasons for variances between the actual and budgeted results
  • Understand what the cost of business operations is and how to manage the same
  • Learn the most important principles of budgeting
  • Be able to prepare management information.

 

Disclaimer | Terms & Conditions

  • Training programs are subject to a minimum number of participants. If a training program does not meet this criteria, then EY FAAS Learning Solution is entitled to cancel it at its discretion, without liability. In such instances, the EY FAAS Learning Solution team can offer the participants alternative options or a refund as applicable
  • Cancellation and refund policy
    A full refund less an administration fee of INR 5000 will be given for cancellation requests received up to 5 working days before the training. Cancellations must be made via emails only, before 5 working days deadline. Delegates who cancel less than 5 working days before the training, or who don’t attend, are liable to pay the full course fee, and no refunds can be given. However, if you wish to attend a subsequent scheduling of the course, and you have paid your course fee in full, the same could be done subject to availability of the seats in the subsequent batches. Replacement participants are always welcome

Agenda:

Elements of Financial Statements I

  • Balance Sheet
  • Profit & Loss Statement

Elements of Financial Statements II

  • Cash Flow Statements
  • Notes to Accounts
  • Accounting concepts and systems
  • Profits vs Cash Flows

 

Analysis of Financial Statements

  • Financial Analysis
  • Trend and common size statements
  • Financial Ratios and their Interpretations covering:
  • Profitability and Liquidity Ratios
  • Return on Capital Ratios

Management of Working Capital

  • Working Capital and Its Components
  • Working Capital Cycle and Working Capital Financing
  • Management Decision Making
  • Case Study

Cost concepts and its application in Decision Making I

  • Types of cost – Direct & Indirect, Fixed & Variable
  • Cost Volume Profit Analysis
  • Understanding Cost behaviour

Cost concepts and its application in Decision Making II

  • Relevance of Activity Based Costing
  • Marginal Costing
  • Make or Buy, Shut down or continue
  • Sell or process further, Domestic vs Export Sales

Budgets and Budgetary Control I

  • Different types of Budgets (Departmental, Function based, Cash, Master)
  • Budgeting systems (ABC / ZBB / Rolling / Incremental / Planning)

Budgets and Budgetary Control II

  • Variance Analysis
  • Case study

Capital Budgeting and Investment Appraisals I

  • Meaning of Capital Budgeting
  • Relevance of Capital Budgeting
  • Techniques of Capital Budgeting
  • Payback Period
  • Accounting Rate of Return and Net Present Value
  • Internal Rate of Return
  • Discounted Payback Period
  • Case Study

Capital Budgeting and Investment Appraisals II

  • Net Present Value
  • Internal Rate of Return
  • Discounted Payback Period
  • Case Study

Course deliverables

Training Duration - 18 Hours

EY Presentations and Publications

Virtual instructor-led training by certified trainers

EY Certificate of Completion post assessment

Query support through dedicated email post-training completion

3 Months acceess to recorded lectures

 

Course schedule

10:00 AM to 04:00 PM [IST]

    Start date

  • Friday, 12 March, 2021
  • Saturday, 13 March 2021
  • Sunday, 14 March 2021
Level :
Language : English
Training Mode : Instructor-led [Live Online]
Audience profile

This program is most suited for: 

  • Business Owners
  • Middle-level Managers
  • Head of non-financial division/function
  • Self-employed non-finance professionals
  • Non-Commerce Graduates

Sugandha Sharma

E: Sugandha.Sharma@in.ey.com

M: + 91 9899221891