Course Name:Commercial Management for Technocrats.
One of the most critical areas for Managers is Decision Making. To be able to do so it is pertinent for them to have a good understanding of Finances as their decisions impact the Financial Status of the Organization. This program would be of tremendous value to those technocrats who strive for Strategic/ Managerial positions in Business Organizations. Needless to say the job prospects of those students who undergo this program shall increase.
The objective of this program is to prepare the Engineers and those undertaking studies in technical domains to undertake Commercial operations to enable them to take up Managerial positions. At the end of the program an individual will gain the understanding on the following:
Understand the fundamentals of Finance
Understand the structure and objectives of Financial Statements
Understand the relevance of Operating Cycle
Analysis and interpretation of Financial Statements
Understand Macro Economic Terms & their relevance in the economy of the country
Understand fundamentals of Direct & Indirect Taxation
What will you learn?
A. Structures of Business Organizations
Types of entities: Proprietary, Partnership Firms, Limited Liability Partnerships, Companies.
Concept of Limited Liability Companies
Management of Companies : Board of Directors, Managing Director, Whole Time Directors
Concept of Share Capital & Shares
B. Understanding Financial Statements
Basic Accounting Equation
Cash Flow Statement
Concept of Income, Expenditure, Assets ( Tangible & Intangible), Liabilities & Capital
Interpretation & Analysis of Financial Statements ( Ratio Analysis)
C. Techniques of Business Forecasts
Business Forecast and Budgeting
OPEX vs CAPEX
Comparison of actual with Budgets—Variance Analysis
D. Overview of Direct Taxation
Concept of Income
Heads of Income
Gifts/ Unexplained Income
Important Deductions/ Exemptions
Total ( Taxable) Income
Rates of Tax, TDS, Advance Tax
E. Overview of Indirect Taxation
Concept of Value Added Tax
Incidence of Indirect Taxation
Goods & Service Tax
F. Salient Features of Agreements & Contracts
Difference between Agreements & Contracts
Types of Agreements
Important Clauses of Agreements
Stamp Duty/ Registration of Contracts
G. Overview of Capital Markets
Role of Capital Markets in Economic Development
Macro-Economic Terms – GDP, PMI, CAD etc
Primary & Secondary Markets
Role of Stock Exchanges
Significance of EPS & Market Capitalization Ratio ( P/E Ratio)
What do we provide?
Live Virtual Classes: 24 hours live webinar- 6 hours per Weekend for 4 Weekends.
Certification: Completion certificate from BSE Institute Ltd.
Program Start Date:24th January 2017*
Who will teach?
Faculty Name:Mr. Sanjiv Dandona
Mr. Sanjiv Dandona is a Chartered Accountant having experience in professional experience both in Industry and Practice of Accountancy of more than 30 years. During his career he has handled complex situations in the areas of Financial Management, Taxation (Direct & Indirect), Legal Aspects of Business etc.
He has been associated with Academics for the last four years and has been conducting training programs, both for Management Institutes & Corporates, in Taxation, Financial Management, Costing & Budgeting, Security & Allied Laws and related topics. Thus he brings on table both practical experience and academics.
During his association with Corporates he realized that the major constraint for Engineers was lack of Commercial Knowledge. In view of the same this program was designed by him & successfully implemented.
Who Should Attend?
Engineers, Technocrats, Marketing Professionals, Entrepreneurs and all those requiring commercial Knowledge
*Please note that the program start date mentioned here is tentative and subject to change which will be intimated to participants in case of any changes.