Financial Intelligence for Profitable Growth (8 Videos)
This Finance Training covers Fundamentals of Finance, Balance Sheets & Good Finance Management
Developing financial acumen is critical for every business leader. In this program, Dr. Lamba familiarizes you with financial concepts and principles every business leader must understand in order to take financially intelligent decisions.
In his easy-to-understand style, Dr Lamba will explain complex financial principles in a simplified manner.
Modules 1, 2 & 3 are intended to lay a strong foundation for understanding the financial principles discussed in subsequent sessions.
Using jargon-free language, Dr Lamba introduces the two most important financial statements, and eliminates a number of misconceptions usually associated with commonly-used-yet-often-misinterpreted terms.
Module 1: Understanding Financial Statements:In this session Dr Lamba introduces the P/L A/c and B/S, explains how to make these statements with the help of a three-minute formula, demystifies the two dreaded words, Debit and Credit, that create confusion in the minds of many and discusses the similarity and distinction between terms like Expenses, Assets, Incomes and Liabilities.
Module 2: What is Profit:Every business is run with the objective of making profit. However the term itself is often misconstrued.
Module 3: A closer look at the Balance Sheet: This video takes a closer look at the structure of a Balance Sheet and discusses the various items in detail, explains how Liabilities represent 'Sources' and Assets 'Uses', how organizations raise resources and the expectation of each lender, where the money is invested, the need for working capital and its components.
Modules 4 & 5
The usual perception is that it takes years to learn how to make Profit and Loss Accounts and Balance Sheets. Dr Lamba teaches, in a very quick and simple way, how to make these financial statements in, both, the accountants' as well as laypersons' way.
Module 4: Making a Balance Sheet - without any knowledge of accounting:Ever felt the need to make a Profit and Loss Account and Balance Sheet, but found yourself at a loss as to how to proceed? In this module Dr Lamba will show you the easiest and most logical way to prepare these statements without even an elementary knowledge of accounting.
Module 5: Making a Balance Sheet - the accountants' wayIn this module Dr Lamba explains the intricacies involved in the making of the two basic financial statements from an accountants' perspective. Using an example, he illustrates how to pass journal entries, post them into ledger accounts, make a trial balance and eventually the Profit and Loss Account and Balance Sheet.
Modules 6, 7 & 8
Financial mismanagement is responsible for most business failures the world over. Even the global economic meltdown towards the end of the first decade of this millennium is primarily attributed to financially disastrous decisions.
In the next 3 sessions, Dr Lamba gives his mantra of Good Finance Management and expounds on his Two Golden Rules.
Organizations that abide by these rules achieve sustained growth and success and those that violate can suffer serious consequences.
Module 6: Two Rules of Good Finance Management: An Overview
Module 7: Rule 1 of Good Finance Management: Managing Profitability
Module 8: Rule 2 of Good Finance Management: Managing Cash Flow
How is the course structured?
- Each module corresponds to one video.
- Each video is approximately 1 hour long. Some are 2 hours long.
- You can view the videos as many times as you want. You can stop, play, pause when you want! You get these videos for 6 months from your date of enrollment. You can't download these videos.
- Videos are available in 2 versions - one for low bandwidths and one for high bandwidths.
Language of instruction: English