INDIAN INSTITUTE OF MANAGEMENT CALCUTTA

Finance for Non-Finance Executives

(Live Online Program)

Dates
March 03 (Thursday) to March 12 (Saturday), 2022

Programme Director
Prof. Manju Jaiswall
Finance for Non Finance Executives
INTRODUCTION:
This programme is geared to develop a deeper managerial intuition for financial concepts in business. Managerial
roles are increasingly getting cross functional and interdependent. Financial impact of any managerial decision-
making is all pervasive, with the need for a non-finance manager to assess the impact of his functional decisions
on the top line (Sales) and the bottom line (Profits), becoming indispensable. As building blocks of financial
analysis, financial statements are the interface provided by organizations to share information and communicate
with both people inside and outside the organization. Interpreting and analysing relevant financial information
in decision making contexts is important for every functional manager to contribute effectively to their own and
their organization’s growth and success.

PROGRAMME OBJECTIVES:
This programme will guide the participants through concepts required to process financial information generated
by organizations in an intelligent manner. It will help understand the use of cash as a proxy for creating business
value and difference between cash versus profits. Understanding levers for financial performance facilitates
better managerial decision making by interpreting those financial information, as every managerial decision
has a certain financial implication. With increasing complexity and uncertainty in the business environment,
competing profitably requires continued efforts and apt decision making competencies by business managers
across functions. Optimum capital allocation by understanding cost of capital and how capital markets function.
This programme aims to make financial concepts easier to understand and interpret for managers at all levels in
a firm, to elevate business knowledge and gear up for leadership positions. It would equip them with the tools
and techniques covering financial reporting, cost management, and financial decision making in firms. Which of
one’s products or services is most profitable, would for example make the managers more cost conscious and also
improve the quality of their future decisions.

KEY TOPICS:
The program intends to cover broad working knowledge of financial reporting, cost analysis and financial
management concepts from a cross functional decision making perspective to facilitate value creation.
The programme will cover the following broad areas:
• Understanding Corporate Financial Statements as building blocks of Financial Communication
• Balance Sheet
• Income Statement
• Cash Flow Statement
Analysis of Corporate Financial Statements from Annual Reports
• Overview of association between Financial statements and Market prices
• Basic Analytical tools & techniques like Horizontal & Vertical Analysis and Financial Ratios
• Applying the concepts and tools on real life companies data for Firm and Industry Analysis
Earnings Quality – difference between Cash versus Profits and its importance in Business
Understanding & using Cost information for managerial decision making
• Cost determination techniques like Activity based costing
• Budgeting&Variance Analysis
• C-V-P Analysis & Relevant Costing for optimal product decisions
Overview of Indian Financial Markets and Systems
Sources of Capital – to evaluation capital allocation
Cost of Capital
Working Capital Management& Short-term Financing
Capital Budgeting & Long-term Financing decisions
Business Valuation – to evaluate various valuation methods for potential projects
PEDAGOGY:
Delivery would be through a balanced mix of laying out concepts, discussions, case analysis, problem solving and
applying the learning using corporate financial data.
WHO MAY ATTEND:
The programme would be immensely useful for new leaders, early and mid-career professionals at all levels including
functional heads, team leaders, supervisors desirous of understanding financial statements and managing costs,
irrespective of their domain area of work. No prior knowledge of Finance and Accounting is required.
PROGRAMME DIRECTOR:
Prof. Manju Jaiswall is a faculty member in the Finance and Accounting area at IIM Calcutta. She has done her
M.Phil in Commerce (Gold medallist) from Calcutta University and doctorate in Management from Indian Institute
of Management Bangalore. Her research interests are in the areas of Corporate Governance, Financial Reporting,
Earnings Management and Mergers and Acquisitions. She teaches courses in Corporate Financial Reporting, Cost
Management, Empirical Accounting Research and Financial Statement Analysis.
RESOURCE PERSONS:
Prof. Sudhir S. Jaiswall is a faculty member in the Finance and Accounting area at IIM Calcutta. He has an MBA
from Indian Institute of Management Ahmedabad, MS in Business from University of Rochester (USA), and M. Com
(Gold Medalist) and Ph.D. from University of Calcutta. He is a Cost Accountant (ICWAI), CFA (ICFAI), and FRM (GARP,
USA). He teaches Corporate Financial Reporting, Cost Management, Financial Statement Analysis, and Selected
Topics in Accounting Research. His research deals with issues in Managerial Accounting, Auditing, Taxation,
Corporate Governance, and Shareholder Value Creation.
Prof. Purusottam Sen has a B.S. from Birla Institute of Technology & Sciences, Pilani (India), an MBA (specialization in
Financial Management) and a PhD (Fellow of IIM Calcutta) from Indian Institute of Management Calcutta (India). He is also
a Chartered Management Accountant from the Chartered Institute of Management Accountants, London – of which he is
a member. His focus areas are Corporate Finance, Management Accounting, and Management Control Systems.

PROGRAMME DETAILS:
Duration: March 03 (Thursday) to March 12 (Saturday) , 2022
PROGRAMME SCHEDULE:
Dates Class hours per day (exact session timings to be notified later)
March 03 - 05, 2022 3 sessions of 1.5 hrs each
March 10 - 12, 2022 3 sessions of 1.5 hrs each
Mode of Delivery – Live Online – Zoom platform will be used.

PROGRAMME FEES:
The Programme fee for each participant will be Rs. 90,000/- plus applicable taxes.
Discount on Programme fees: A discount of 10% on the Programme fees can be availed by an organization if it
nominates at least 4 participants for a particular MDP.
Please Note:
• Cancellation Policy: In case you/your nominated candidate(s) does(do) not attend the programme, 40% of the
programme fees will be retained,as per policy.
• Executive Education Alumni: With effect from April 1, 2017, participants of IIM Calcutta’s ‘Open’ MDPs who
attend 20 days of learning through two or more Open MDPs will be eligible to apply for ‘Executive Education
Alumni of IIM Calcutta’ status
 HOW TO APPLY:
• You can apply/nominate your personnel by clicking on the “Apply Now” link
corresponding to the particular MDP, as appearing on our online calendar available at:
https://iimcal.ac.in/mdp/mdp-calendar
• Once the candidature(s) is(are) approved, the sponsoring authority or participant (in
case of self‐nomination) will be intimated over email along with the Payment Advice
seeking programme fees in advance.
• Programme fees can be remitted online through Electronic Fund Transfer (NEFT/RTGS).
• Upon remitting the fees online, kindly intimate CMDP office with the UTR No./relevant
transaction details through email, so that we can connect your remittance to your
nomination(s).
Please note that confirmation of participation is subject to receipt of Programme fees
by CMDP Office before commencement of the MDP.

IIM CALCUTTA’S RANKINGS AND ACCREDITATIONS

• Triple accreditations by AACSB (Association to Advance Collegiate Schools of Business), AMBA (Association of
MBAs) and EQUIS.
• IIM Calcutta is the only B-school in India to be a part of the prestigious CEMS. (The Global Alliance in Management
Education or CEMS (formerly the Community of European Management Schools and International Companies)
is an international cooperation of leading business schools and universities with multinational companies and
NGOs.)
• IIM Calcutta has been ranked 2nd amongst all B-schools in India and 21st Globally, in Financial Times: Masters
in Management Rankings 2020

Nature’s blessings for IIMC campus IIM Calcutta Auditorium

Semaphore Technologies Pvt. Ltd.

Our correspondence address is as follows:

CMDP Office
Management Development Centre (MDC)
Indian Institute of Management Calcutta, Diamond Harbour Road, Joka, Kolkata - 700 104 Phone:
+91 33 7121 6000-01 (Extns: 6012/6005)
Email: [email protected] Weblink: https://www.iimcal.ac.in/mdp/mdp-calendar

For all other details on administrative matters please refer to the ‘Guidelines for Participants’ on our website or
e-mail to [email protected]