Business managers are increasingly becoming responsible for managing their profit centres. They need a certain level of financial knowledge and expertise to evaluate their business performance and financial risk and determine the business and financial strategies for their businesses. This One Year Specialised Diploma Programme will introduce participants to financial decision tools as well as financial management theories and practices that enable them to interpret financial statements, plan, and measure performance using budgets and other financial techniques, make financial decisions and manage financial risks.
Basic Accounting addresses itself to the task of recording, classifying and compiling data from transactions with the market involving exchange of inputs and outputs. Managers in the organisation have to be concerned with the impact of their actions on the profit. They, therefore, need to know the basics of accounting. Important business decisions concern how much to produce and at what level to price the products. Different techniques of processing information for management decisions have evolved over last few decades and have been referred to as Management Accounting.
The programme takes a realistic look into the broad aspects of Financial Management and relates theories, tools and techniques to practical experience. It also provides an exposure to the prevailing financial environment in the country.
Graduation with 3 years of Full Time work Experience.
This programme is aimed at working executives, self-employed people and finance/accounting professionals who are either using the accounting/financial information or preparing budgets, making financial decisions or are simply interested in understanding the language of finance.