Increased complexity of financial systems
Financial systems and reporting practices have become increasingly complex in recent years, making it more important for non-finance professionals to have financial literacy.
Course Modules
Understanding the Financial Statements
Developing a basic understanding about the Financial Statements of the company namely Profit & Loss Account, Cash Flow Statement and other relevant topics.
Accounting process & Financial Statement
Understanding the key accounting concepts, provisions and principals involved in preparation & presentation of the Financial Statements to facilitate the understanding of the accounting and financial procedure.
Understanding of Balance Sheet
Developing a basic understanding about the Balance Sheet and notes to accounts to facilitate the decision-making.
Financing the business
A basic understanding about the concepts and principles regarding the long-term and short-term financing of the business operations.
Budgetary Control
Facilitating the understanding related to the concepts of preparation and monitoring of different budgets and significance of increasing the utility and readiness of accurate financial reporting.
Tax Planning and Empowering Directors in Decision Making
A basic understanding of the concepts of tax planning and empowering the Board of Directors to facilitate the decision-making and leveraging the productivity and financial growth while stabilising the economic health of the organisation.
Financial Statement Analysis & prediction of Bankruptcy
Understanding the analysis of Financial Statements, various ratios used for facilitating the financial decision-making process and understanding the warning signs of financial breakdowns in earlier stages.
Understanding Cost sheet & Breakeven Analysis
Basic understanding of the various costs involved in the process of production and breakeven concept to facilitate cost and profit analysis and decision-making.
Corporate Control through Audit & Accounting Standards
A brief understanding about the various Audit and Accounting principles essential for the preparation & presentation of Financial Statements and controlling of the financial reporting.
Role of Audit Committee
Today, Boards are under intense scrutiny - from shareholders, regulators, the media, company employees, and other stakeholders. Given the wide range of the Board's responsibilities and the diverse nature of skills required, the Board delegates certain responsibilities to specialist Committees of the Board. This module focuses on the role of the Audit Committee in providing the oversight of the financial reporting and audit process the compliance with the laws and regulations.
