t&d grp 6
DESCRIPTION
develop a training program of "finance for non finance middle level managers.TRANSCRIPT
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Finance for Non Finance Middle level Managers
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Group 6
Shweta Choudhury (48)
Sudhal Kumar Sethy (54)
Surjya Kumar Das (55)
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AGENDA
• Introduction• Training Need Analysis• Training Objectives• Training Methodology• Aids for training• Breifing the trainees• Kit for trainees• Outline of training content
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Contd…• Schedule and session plans• Evaluation of training program• Training Budget
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Introduction• D.E.G. Electronics Pvt. Ltd. • A Consumer Electronics company• Growth & Expansion• Mission – Providing quality
electronic solutions at reasonable prices
• Vission – To channel every member’s talents towards making the organisation the market leader in Eastern India
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TRAINING NEED ANALYSIS APPLYING FORD’S MODEL
• Surveillance – Observing the situation
- Delay in expansion plans. Strategy formulation problems.
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• Investigation – Assessing the cause for the prevailing situation
- Inter departmental meetings not productive
- Finance deptt. claims lack of support
• Analysis
a) Organisational Analysis
Objectives
Resources
Internal environment
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b) Operational Analysis
Expected performance requirements
KSAs
c) Person Analysis
Actual performance
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Training Objectives
1. To provide comprehensive knowlwdge on basic concepts of Finance and Accounts
2. To read and understand the important and strategic issues in financial statements
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Contd….
3. To understand various financial dimensions of business, like alternative sources of financing, various financial markets and their features, corporate actions, financial ratios and various risks
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Training Methodology
• Off the job training• 2 day workshop• Lecture sessions • Use of external trainers
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Training aids
• Power point presentations• Hand outs for each session• Self assessment tests• Case studies• Review of company’s financial
reports
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Breifing the trainees
This programme is designed for middle level Managers/Executives of non finance divisions/functions who are new to the concepts of finance or those who wish to update their knowledge on basic finance and accounts
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Contd……
The 2 day program provides the managers with a comprehensive working knowledge of critical financial principles in an easy to follow manner that will help them make better decisions in their organisation. The Participants learn to interpret crucial financial data and take necessary decisions to improve their performance.
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Kit for Trainees
• A kit containing the following items will be provided to trainess at the beginning of the training session
- Name cards- Programme containing detailed session
plan and timing, background of trainers and their email address
- A handbook of Basic Finance Terminology- Strategic Decision Making for Middle level
executives- Notepad & pen
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Outline of Training Content
• Understanding Basic Accounting as a basis for finance function
• Finance Mix Decision and Leverage Advantage
• Finance Function and its relation with other functional areas
• Financial Statement Analysis and its Financial interpretation
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• Cost Measurement; Break-even Analysis and its Managerial; Implications – Looking from Non-Finance Managers’ angle
• Budgeting as a tool of financial planning and control – Understanding Revenue and Capital Budgets
• Understanding Working Capital Management – Cash Management, Debtors’ Management
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• Inventory Management – Enlarging the understanding of Purchases, Production and Marketing Executives
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Schedule and Session Plans
There will be 4 sessions each on day 1 and day 2
Sessions 1&2 will be conducted in the morning hours
Sessions 3&4 will be post lunch
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Day 1
Session 1 9.30 a.m. – 11.00 a.m.
Mr. P.K.Mohanty• What is Finance?• What is Accounting? • What are Financial Statements?
- Balance Sheet
- P & L Account
- Cash Flow Statements
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Session 2 11.30 a.m. – 1.00 p.m.
Mr. P.K. Mohanty
• How to read Financial Statements?• Understanding financial strengths
and weaknesses
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Session 3 2.00 p.m. – 3.30 p.m.
Mr. D.V. Ramana
• Financial Ratio Analysis• Liquidity versus Profitability• Overtrading• Under capitalisation
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Session 4 4.00 p.m. – 5.30 p.m.
Mr. D.V.Ramana
• Working Capital Management
- Cash
- Receivables
- Inventories
- Loans and Advances
- Suppliers Management
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Day 2Session 1 9.30 a.m. – 11.00 a.m.
Mr. P.K.Mohanty
• Business as an economic entity
- difference between firm, partnership and company (both public and private companies)
• Memorandum and Articles of Association
• Concept of trading and manufacturing - value creation.
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Session 2 11.30 a.m. – 1.00 p.m.
Mr. P.K. Mohanty
• Discussion on authorized capital, subscribed capital, issued capital, paid up capital etc.
• Extensive discussions on common shares, preference shares, debentures, hybrid instruments like convertibles, warrants, money market instruments like CPs, bank financing, factoring, forfeiting, bill discounting etc.
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Contd…
• Comparative analysis of various sources of funds - competitive advantages and disadvantages
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Session 3 2.00 p.m. – 4.00 p.m.
Mr. B. Pattanayak
• Understanding corporate actions like bonus, split, consolidation, right, dividend, buyback etc.
-the underlying rationale for each and their impact on the balance sheet and the share price of the company.
• Concept of gearing / leveraging
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Contd…
• Cost of capital (investment avenues for individuals and companies
• Fundamentals of sound investing. Valuations of the business entity
- market value
- liquidation value and book value• Intangibles like brands, human
resources, patents and their valuations
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Session 4 4.30 p.m. – 6.00 p.m.
Mr. B. Pattanayak
• Risks, Introduction to Financial Markets (Capital Markets and Money Markets), Distinctive advantages and disadvantages
• Major players - Their roles in the market Products
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Contd…
• How to raise funds through the Primary Market (capital and money market)
• How the secondary markets operate both money and capital markets
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EVALUATION OF TRAINING PROGRAM
KRIKPATRICK’S MODEL
REACTION:o COLLECT THE IMMEDIATE REACTIONS OF
TRAINEES.o TOOLS ARE : FEED BACK
QUESTIONNAIRES AND INTERVIEW
LEARNING:o MEASURES THE LEARNING OF PRINCIPLES,
TECHNIQUES AND SKILLS . o TOOLS ARE: PAPER & PENCIL TESTE, SKILL
TESTS .
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BEHAVIOUR ON THE JOBo MEASURES TO WHICH EXTENT SKILLS AND
KNOWLEDGE ARE TRANSLATED AS JOB PORFORMANCE.
o TOOLS ART: OBSERVATION BY SUPERVISORS OR PEERS, BEFORE AND AFTER TRAINING COMPARISONS.
BUSINESS RESULTSo MONITORING ORGANISATIONAL
EFFECTIVENESS FACTORS SUC AS COST REDUCTION, QUALITY OF PRODUCTS.
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TRAINING BUDGET
• STUDY MATERIALS:– TRAINING SCHEDULE, TEACHING
MATERIALS, PLASTIC FILES, NOTE BOOK, BALL POINT PEN.
» RS 60*20=RS 1200/-
• ACCOMODATION COST:– TRAINING HALL RENT, HOTEL
ROOM RENT .» RS 30,000/-
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• FOOD COST:– LUNCH, REFRESHMENTS ETC.
» RS 800*20= RS 16,000/-
• TRANSPORTATION COST:– AIR TICKET, OTHER
TRANSPORTATION COSTS.» RS 25,000/-
• TRAINER’S FEE:» RS 2,000 *8=RS 16,000
• TOTAL EXPECTED EXPENDITURE: RS 99,000/-
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