In a competitive world, any business organization revolves around ‘money. The bottom line of the business that decides whether it is a success or failure is its balance sheet. Hence it is imperative that every employee of the organization needs to think and act beyond the realms of an “employee” and start owning his area of activity. Each responsible person of the organization needs to think as a “Business Owner” who would produce profitable results for the organization
This program is aimed at the Operations Executives, who do not have a background in dealing with finance. This workshop gives an insight into the ‘nuts’ and ‘bolts’, in finance and accounting. It deals with the basic concepts and techniques, which have immediate practical applications, and assumes no background in finance. It would equip the participant with sufficient knowledge to have an appreciation of the fundamentals of management accounting like product costing, profit planning and decision making, and applying the same. Working capital management consisting of cash, receivables and inventory management, management of credit sales, effect on cash flows of credit sales etc. is also dealt with.