Overview

The Finance for non-finance programme enables professionals, especially from functional areas other than finance such as sales, marketing, human resource, research and development, production, procurement, to gain an extensive working knowledge of critical financial principles in an easy-to-follow manner, enabling them to make critical business decisions involving cost-savings, budgets, new projects decisions, growth strategies and so on. Participants are able to understand and analyse financial statements as well as grasp the basic fundamentals of finance and accounting.

Learning objectives

This programme aims to meet the requirements of operating managers who would like to be well versed with the introductory nuances of finance in different functional areas. Deciphering financial concepts and developing the ability to see the business implications of numbers is a key outcome of this programme, which aims to help participants:

• Understand the implications of finance on various corporate activities
• Understand and analyse financial statements
  Be in a better position to discuss relevant financial issues with finance managers/stakeholders in their organisation
• Understand the impact of various decisions on a company’s performance
• Get practical insights and gain swift appreciation of the fundamentals of finance and accounting.

Topics to be covered

• Basics of financial accounting and understanding financial statements
  • Balance sheet
  • P&L account
  • Cash flow statements
  • Profit v/s cash flow analysis
• Working capital management
  • What is working capital?
  • Kinds of working capital
  • Operating cycle and components of working capital
  • Working capital management and decision-making.
• Cost information for decision-making and budgeting
  • Cost concepts including discussion on marginal costing
  • Some important cost definitions
  • Make or buy
  • Shut down or continue
  • Sell or process further
  • Domestic versus export sales
  • Need and type of budgets
  • Alternative approaches for budgeting
  • Commonly used budgets
  • Budgetary control process
  • Limitations of budgets
  • Case study and illustrations.
• Evaluation of investment projects
  • Meaning of capital budgeting
  • Approaches to capital budgeting
  • Techniques of capital budgeting
  • Practical application of net present value and internal rate of return
  • Features of capital budgeting decisions
  • Case study and illustrations.
• Question and answer session

Who should attend?

This programme is designed for:

Managers, senior managers, middle level executives in non-financial positions who need to improve their financial skills in order to make critical business decisions involving cost savings, budgets, new projects, growth strategies, etc. This course can also potentially benefit entrepreneurs who are required to make daily business decisions regarding their companies.
The programme is appropriate for self-employed professionals such as lawyers, medical practitioners, and non-financial managers across different industries, both in the public and private sector.

Programme details

Pedagogy

• The programme is designed with a mix of experience sharing, real life case discussions, besides lectures conducted in the class
• Provide practical insights and gives non specialists a swift appreciation of the fundamentals of finance and accounting, leading to better retention of the knowledge gained

Participants shall be provided with a copy of the training materials.

Certificate

Participants shall be awarded a certificate of participation from KPMG in India.

Course fee

• INR15,000 per participant
• INR42,000 for a group of three
• INR79,500 for a group of six

The above programme fee is exclusive of GST. The programme fee is non-refundable, however, alternate persons can be nominated. The fee can be paid through NEFT or Credit card.

Upcoming batches:

Since seats are limited, registration is on a first-come, first-served basis.

Venue: KPMG in India offices at the respective locations.

Customised corporate workshops

We would be pleased to conduct specific in-house workshops for your organisation, if you have adequate number of participants.

For enquiries related to corporate training or group nominations, please reach out to:

Ankur Tandon

+91 9871974707

ankurtandon@kpmg.com

All learning programmes are offered under the auspices of the KPMG Learning Academy. To know more about other programmes offered, click here.