T&D Grp 6

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develop a training program of "finance for non finance middle level managers.

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T&D Grp 6

  1. 1. Finance for Non Finance Middle level Managers
  2. 2. 1/29/2015 2 Group 6 Shweta Choudhury (48) Sudhal Kumar Sethy (54) Surjya Kumar Das (55)
  3. 3. AGENDA • Introduction • Training Need Analysis • Training Objectives • Training Methodology • Aids for training • Breifing the trainees • Kit for trainees • Outline of training content 1/29/2015 3
  4. 4. Contd… • Schedule and session plans • Evaluation of training program • Training Budget 1/29/2015 4
  5. 5. 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 1/29/2015 5
  6. 6. TRAINING NEED ANALYSIS APPLYING FORD’S MODEL • Surveillance – Observing the situation - Delay in expansion plans. Strategy formulation problems. 1/29/2015 6
  7. 7. • 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 1/29/2015 7
  8. 8. b) Operational Analysis Expected performance requirements KSAs c) Person Analysis Actual performance 1/29/2015 8
  9. 9. 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 1/29/2015 9
  10. 10. 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 1/29/2015 10
  11. 11. Training Methodology • Off the job training • 2 day workshop • Lecture sessions • Use of external trainers 1/29/2015 11
  12. 12. Training aids • Power point presentations • Hand outs for each session • Self assessment tests • Case studies • Review of company’s financial reports 1/29/2015 12
  13. 13. 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 1/29/2015 13
  14. 14. 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. 1/29/2015 14
  15. 15. 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 1/29/2015 15
  16. 16. 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 1/29/2015 16
  17. 17. • 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 1/29/2015 17
  18. 18. • Inventory Management – Enlarging the understanding of Purchases, Production and Marketing Executives 1/29/2015 18
  19. 19. 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 1/29/2015 19
  20. 20. 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 1/29/2015 20
  21. 21. Session 2 11.30 a.m. – 1.00 p.m. Mr. P.K. Mohanty • How to read Financial Statements? • Understanding financial strengths and weaknesses 1/29/2015 21
  22. 22. Session 3 2.00 p.m. – 3.30 p.m. Mr. D.V. Ramana • Financial Ratio Analysis • Liquidity versus Profitability • Overtrading • Under capitalisation 1/29/2015 22
  23. 23. 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 1/29/2015 23
  24. 24. Day 2 Session 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.1/29/2015 24
  25. 25. 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.1/29/2015 25
  26. 26. Contd… • Comparative analysis of various sources of funds - competitive advantages and disadvantages 1/29/2015 26
  27. 27. 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 1/29/2015 27
  28. 28. 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 1/29/2015 28
  29. 29. 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 1/29/2015 29
  30. 30. Contd… • How to raise funds through the Primary Market (capital and money market) • How the secondary markets operate both money and capital markets 1/29/2015 30
  31. 31. 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 .
  32. 32. BEHAVIOUR ON THE JOB o 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 RESULTS o MONITORING ORGANISATIONAL EFFECTIVENESS FACTORS SUC AS COST REDUCTION, QUALITY OF PRODUCTS.
  33. 33. 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/-
  34. 34. • 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/-
  35. 35. 1/29/2015 35

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