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Analysis of Financial and Cost Performance and Managerial Decisions

1. Prof Ranjan Das, Professor of Strategy, Innovation, Entrepreneurship and Leadership, teaching at Indian Institute of Management Calcutta [IIMC] since 1994 and other IIMs. Prof Das is also the Founder Chairman and Chief Mentor, The Strategy Academy

2. For Whom: Managers and executives who are required to understand financial and cost implications of decisions taken [or not taken] by them on day to day basis and develop their financial acumen above a base level, even though they may not have formal education in financial and cost management areas.

3.Duration: The program will be delivered in phases over 4 weeks comprising

  • 16 Hours of faculty conducted sessions [8 sessions each @ 2 hours] PLUS
  • Time required – outside faculty conducted sessions - to go through the suggested reading materials and also complete group and individual assignments

The delivery of faculty conducted sessions will take place – OUTSIDE working hours- over 4 weeks @ 2 sessions per week

4.Content:
Understanding Financial Statements:

  • Income statement
  • Balance sheet
  • Cash Flow

Analysis and Interpretation of Financial Statements

  • Statements of change in financial position
  • Concept of working capital
  • Analysis of Balance sheet
  • Analysis of Fund flow statement
  • Analysis of cash flow statement
  • Interpretation of financial statement
  • Checking of inconsistency through ratio analysis

Key Financial Ratio

  • Key Ratios
  • Difference in ratios with different Accounting Policies
  • Comparing apples to apples
  • Sector specific ratio analysis
  • Checking of inconsistency through ratio analysis

Understanding Cost and different types of costs

  • Prime cost
  • Period Cost
  • Product cost
  • Variable cost
  • Fixed cost
  • Total Cost
  • Standard cost and Setting of standard cost

Marginal Costing, Relevant cost and Responsibility Accounting

  • Marginal cost
  • Cost Volume Profit analysis
  • Break Even point
  • Limiting factors
  • Analysis of contribution

5. Pedagogy: Concepts and interactive case discussions and experience sharing by both faculty and participants. List of cases to include even those cases which are used at leading international business schools such as Harvard Business School.

6. Session timing: Twice a week - Weekdays and/or Saturdays [during 8 to 10 pm]

7. Delivery: The program will be delivered using an Innovative solution called Smart Learning & Transformation Solution [SLTS] Details of SLTS are available in www.thestrategyacademy.org SLTS will enable participants to attend faculty conducted 100% LIVE sessions – totalling 16 hours - from his/her Home or Office or ANYWHERE, using the Academy’s 2 way interactive and real time DIGITAL Content Delivery Network [with streaming Audio plus Video feeds]. No special training or IT infra is needed by any participant, beyond what he/she already has, to attend from ANYWHERE all sessions conducted by faculty in person. For information, more than 60 companies have already used SLTS and also the just mentioned Content Delivery Network of The Strategy Academy to conduct their In-Company Corporate training Programs.

8. Infrastructure required to attend faculty conducted 100% LIVE and 2 way Interactive classes from ANYWHERE [home/ office/ while travelling]

  • A PC or a Laptop with
    • A standard headphone
    • A broadband fixed line or a Data Card capable of delivering a minimum 256kbps of broadband during each 2 hour session; this is a must for smooth audio and video live streaming
  • OR

  • Smartphone or a Tab with 4G Connection

9. Recording of faculty conducted Sessions: To be made available for 4 weeks after the last formal session conducted by faculty in person is over.

10. Evaluation and Grading: Multi-element Evaluation and Grading based on 4 parameters viz. [a] Attendance, [b] Number and quality of questions asked/ engagement during faculty conducted 100% LIVE Digital sessions, [c] online quiz and/ or miscellaneous online submissions and [d] performance at the examination to be conducted online at the end of the program.

11. Certificate and Grades: To be issued by The Strategy Academy Centre for Advanced Studies.

12. Fee: Rs 8000/- Plus GST payable by Cheque or online bank transfer in favour of The Strategy Academy Centre for Advanced Studies; the fee includes the cost of soft copy of reading materials and faculty PPTs.

13. Minimum Batch Size: 15 participants.

14. Start Date of the Program: The start date will be announced as soon as the number of interested participants exceeds 10. These first 10 applicants will get an early bird discount of Rs 1000/- on program fee provided they deposit the requisite fee with GST [net of early bird discount of 1000/- ] within 7 days of receiving the advice from the Academy.

15. If any applicant wishes to discuss with Prof Ranjan Das, who is the Program Director of this program, regarding any aspect of the program described above, he/she may please call 09874882778 or 03340632066 for setting up a time for telephonic discussion with Prof Das.

Fee ₹ 8000/-Plus GST

Payable by Cheque or online bank transfer in favour of The Strategy Academy Centre for Advanced Studies; the fee includes the cost of soft copy of reading materials and faculty PPTs.

PAYMENT INFO

Content

  • Understanding Financial Statements
  • Analysis and Interpretation of Financial Statements
  • Key Financial Ratio
  • Understanding Cost and different types of costs
  • Marginal Costing, Relevant cost and Responsibility Accounting