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Kapgrow Workshop - Achieving Financial Prudence in Business Decisions

Kapgrow Workshop - Achieving Financial Prudence in Business Decisions

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Published by Kcs Consults
This program empowers executives from each functional area with an understanding of the numbers. It seeks to develop strong foundations in Fundamentals of Accounting, Finance as well as Tax planning.

This program empowers executives from each functional area with an understanding of the numbers. It seeks to develop strong foundations in Fundamentals of Accounting, Finance as well as Tax planning.

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Published by: Kcs Consults on May 02, 2012
Copyright:Attribution Non-commercial

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05/02/2012

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One Day WorkshopOn
“Achieving financial prudence in business decisions” 
Finance
 
 for 
 
Non
-
Finance
 
Managers
 
 
 
Why
 
do
 
we
 
need
 
to
 
know
 
Finance?
 
Finance impacts everyone. And that makes understanding finance important.Every functional manager has to deal with numbers and take certain decisions.The consequences of these decisions may be too crucial to affect the profitabilityof the organization.However, most of us are afraid of numbers and try to avoid going into thefinancial angle of any decision. Sometimes, managers make the mistake of restricting their focus to their area of core expertise ‐ Marketing, Finance, HumanResource, Production, Purchase or Information Technology.This perception of identifying Finance in the water‐tight compartment not onlyreduces the inclination for the number game but also will not allow their brains togrow and develop analytical and logical thinking among professionals.A Brand Manager or Personnel Manger is equally expected to have certain level of skills and knowledge for reading and analyzing the financial statements in theindustry. Costing figures and its impact on the annual report surrounds theproduction manager and even a head of Research & Development department. AnIT manager or a Purchase Manager will not be able to justify the job if not awareabout the implications and mechanism of the basic accounting and finance.
This
 
 program
 
empowers
 
executives
 
 from
 
each
 
 functional 
 
area
 
with
 
an
 
understanding
 
of 
 
the
 
numbers.
 
It 
 
 seeks
 
to
 
develop
 
 strong
 
 foundations
 
in
 
Fundamentals
 
of 
 
 Accounting,
 
Finance
 
as
 
well 
 
as
 
Tax 
 
 planning.
 
Whenever you are asked if you can do a job,tell 'em, 'Certainly I can!' Then get busy and find out how to do it.
Theodore Roosevelt 
 
 
 
Takeaways
 
from
 
the
 
workshop
 
By the end of the workshop, delegates will:
 
Appreciate the importance of financial perspective in any decision
 
Understand the concepts and importance of Return on Investment (ROI), CapitalBudgeting, Tax planning etc.
 
Have an understanding of the financial consequences of their business decisions
 
Have the confidence to use, discuss and present financial information
 
Have an understanding of the importance of finance and of controlling costs toincrease the profitability
 
Appreciate how budgets are made, read and utilized
 
Understand cost management, the budgeting process and the need for effectivebudgetary forecasts and control
 
Understand financial techniques associated with capital expenditure and theconcept of risk management and tax planning
 
Take the guesswork out of their decision making and deliver a better bottom line
 
Reduce the risk of financial errors in managerial decision making
 
Expand their professional expertise and add to the bottom line of the organization

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