Winter School

Winter School Finance For Non-Financial Professionals

Dr. D. Y. Patil B-School Conducted a 5 - day Winter School On “Finance For Non-Financial Professional” with an aim to give an understanding of basic financial concepts and the ability to assimilate the financial information of an organization. The objective here is to equip students with a roadmap and framework for how financial professional makes decisions.

Objectives-

The course has the objective of introducing the participants to general financial knowledge and an in-depth understanding of the impact of decisions outside specific functional areas. Content of the course includes selected aspects of finance from a non-financial specialist perspective. Following are the key learning objectives of this program:

  • To learn the process of Interpreting financial information using ratio analysis
  • To Understand and interpret financial statements
  • To know the process of forming a budget for their functions/department
  • To Learn about key and finance terms
  • To Understand the importance of cost in decision-making and identify areas for cost reduction

Target Audience- 60

Program Date- 28th February 2022 to 4th March 2022

Program Duration – 12 Hours

Resource Persons-

  1. Ashish Ramesh Bhave
  2. Dr. Audil Rashid
  3. Dr. Vishal Rajendra Sandanshive
  4. Dr.Srilakshmi Ramu
  5. Dr. Karthikeyan Soundararajan
  6. Dr. (Mrs) P. Sai Rani
  7. Dr. Nishant Ghuge

Brief-

Every business opportunity needs to be analysed and viewed with a financial lens in terms of profits & risks associated and the impact it has on the company’s financial statements. This program focuses on this financial jargon and concepts which is a requisite in the corporate world. The non-finance executives generally remain so engaged with managing their own jobs that they are hardly able to find time to learn about the other areas. Rising the ladder of one’s managerial career when one is required to oversee a business unit, it is imperative for the general manager to have knowledge of all functional areas and especially finance. In this online finance course, we will aim at understanding the accounting and financial concepts by those from non-finance backgrounds starting from the basics. This course requires no prior familiarity with finance. Rather, it is intended to be the first step for anyone who is curious about understanding Finance.

Dr. Chetna Narendra Mehta was the course coordinator and we have invited seven resources person, including one international speaker from various verticals of finance to cover the topic from 6 to 8 p.m. for five consecutive days.

  1. Dr. Ashish Bhave- Corporate Session - Money Management
  2. Dr. Vishal Rajendra Sandanshive- Module 1- Demystifying Financial Statements
  3. Dr.Srilakshmi Ramu - Module 2- Deciphering Company Performance using Ratios
  4. Dr. Karthikeyan Soundararajan - Module 3- How to make Economical Decisions - Cost Concepts & Decision Making
  5. Dr. (Mrs) P. Sai Rani- Module 4- Calling Shots for the Future - Long term investment decisions
  6. Dr. Audil Khakhi- World Economy & Current Global Business Scenario
  7. Dr. Nishant Ghuge- Module 5- Budget

Winter School concluded on 4th March with a valedictory session from 7:45 p.m. to 8:15 p.m. in presence of all the resource persons and participants.

Participants were given assignments after the end of every session each day. Participants were also provided with pre-reading material so that they can prepare themselves for the next day’s class.

The winter school was conveyed by Dr. Amol Gawande – The director of Dr. D. Y. Patil B-School and coordinated by Dr. Atul Kumar, Professor at Dr. D. Y. Patil B-School.

After attending the program candidates were able to enhance their knowledge regarding the basics of finance regarding analysis of financial statements and financial management.

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