Introduction:

Finance is the lifeline of any business. However, finances, like most other resources, are always limited. On the other hand, wants are always unlimited. Therefore, it is important for a business to manage its finances efficiently. For any business, it is important that the finance it procures is invested in a manner that the returns from the investment are higher than the cost of finance. Financial management is an organic function of any business. Any organization needs finances to obtain physical resources, carry out the production activities and other business operations, pay compensation to the suppliers, etc. It is important that financial decisions take care of the shareholders’ interests .Further, they are upheld by the maximization of the wealth of the shareholders, which depends on the increase in net worth, capital invested in the business, and plowed-back profits for the growth and prosperity of the organization.

Financial Management:

Strategy management training will boost your capacity to generate immediate and long-term results for your business unit or market.  Clearly it should enhance your skills for developing and executing strategies in complex environments. But to actually generate results, you also need to be able to successfully implement your business strategy. This is why the best strategy management training includes leadership skills training which will also be partially included with this training.

Contents of the Training:

1. Basics of accounting
   • Accounting
   • Key accounting terms

2. Accounting cycle

Basics of the accounting cycle

• Analyze, record, and post transactions
• Trial Balance

3. Income Statement

Income Statement basics

•  Prepare and interpret an Income Statement

4. Balance Sheet

Balance Sheet basics

• Prepare Balance Sheets
• Interpret Balance Sheets

5. Other financial statements

Cash Flow Statement

• State of Stockholders’ Equity

6. Budgeting

Fundamentals of budgeting

• Analyze financial statements
• Set objectives
• Monitor performance

7. Cash management

Fundamentals of cash

• Bank reconciliation
• Maintaining control of cash

8. Analysis of financial statements

Importance of analyzing statements

• Ratio analysis of a Balance Sheet

9. Analysis of Income Statements

Profitability from Income Statements

• Comparative and percentage analyses

10. Inventory and depreciation

Basics of inventory and depreciation

• Inventory costing methods
• Depreciation methods

11. Application of accounting methods

Calculate inventory

• Calculate depreciation

Who can attend?

• Businessman
• Entrepreneurs
• Professionals and executives

Methodology

• PowerPoint Presentation, Interactive session with relevant videos and case studies and role plays

Boarding & Certification

• Course materials and food will be provided by Textile Today.
• Certificates will be awarded to participants at the end of training