Management and
Career Planning.
Avtar Singh
Associate Professor & Head Deptt of Commerce
G.T.B. National College Dakha.

Part I
• What is Business Finance ?
• What is Financial
Management ?
• Objectives of Financial
• Financial Decisions.

To acquire intangible assets.What is Business Finance ? • Business Finance is the money required to carry out business activities such as : • • • • To establish. • Finance is the life-blood of business and there must be a continuous flow of funds in and out of a business enterprise. . To acquire tangible assets. For carrying day to day operations. run and modernize business.

directing and controlling the financial activities of an organisation. • According to Guthman and Dougal. raising. financial management means.” • It is concerned with the procurement and utilisation of funds in the proper manner. “the activity concerned with the planning. organising. controlling and administering of funds used in the business.What is Financial Management? • Financial management may be defined as planning. .

Maximizati on of Owners’ Wealth Financial Decisions Investment Decisions Liquidity Decisions Financing Decisions Dividend Decisions .An overview of Financial Management.

• Long Term Investment or Capital Budgeting • Huge funds are committed in these decisions. • Irreversible in nature.Investment Decisions. • • • • Factors affecting Capital Budgeting Decisions Cash flows Rate of Return Capital Budgeting techniques .

Factors affecting Working Capital decisions  Nature of Business  Scale of operatiions  Business cycle  Seasonal factors  Operating cycle  Competition .Liquidity Decision • Short Term Investment decision or Working Capital decision • Effect on liquidity and profitability of business. • Includes cash management. inventory management and receivables management.

Equity Share Capital Preference Share Capital Debentures. Floatation cost. Cash flow position of the company.Financing Decision • • • • • • • • Decision about long term sources of Finance. • The decision centres round optimal Capital Structure. Risk. Bonds etc Bank Loan Retained Earnings Factors affecting financing decisions Cost of raising funds. . Control consideration. state of capital markets.

Taxation policy. • Factors affecting Dividend Decision • Amount of Earnings. Stability of Earnings . . Shareholders preferences. Growth opportunities.Dividend Decision • How much of the profits after taxes should be given as dividends to shareholders and how much should be retained for future. Cash flow position. Legal provisions. Stability of Dividends.

The Finance Manager’s Role • The finance manager is responsible for shaping the fortunes of the enterprise. • • • • • Functions Funds Raising Funds Allocation Profit Planning Understanding Capital markets. . and is involved in the most vital decision of the allocation of capital.

Part II Career Planning .


Communication skills.Careers in Finance • Prerequistes • Qualifications such Chartered Accountant. Chartered Financial Accountant. MBA finance.Com. Writing Skills. Management Accountant. Stress Quotient. Cost and Works Accountant. Emotional Quotient. . • Qualities Quantitative aptitude. Intelligence Quotient. M.

Chartered Accountancy as a profession .

•Encouraging graduates and others appropriately qualified students to pursue CA course. •Instilling inter-personal and soft skills through Orientation Programme and General Management and Communication Skills (GMCS) courses.Objectives of the course •The emphasis of this scheme is on -Encouraging young talented students having aptitude for accounting education to make an early entry to the profession. •Complementing theoretical education by practical training. •Globalizing chartered accountancy education through organization of education and training abroad. •Instilling technical skills through Information Technology Trainings. •Inculcating analytical ability among the students through case studies. •Updated syllabus is benchmarked to Chartered Accountancy courses offered around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants. . •Inculcating professional ethical values and attitudes among students.


How to pursue the course? .

Cost and Works Accountant .

Opportunities for CAs .

What does a Cost Accountant do? A cost Accountant is a person who offers to perform services involving the Costing or pricing of goods and services or the preparation verification of Cost accounting .


How to become a Cost Accountant ? .

Opportunities .


n a h T o Y k ! u .