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Available Online Course s at Summit
Online and Distance Learning Diploma Course in Financial Management
Start Date: 2nd Week of every Month
Financial Management
Course overview
Companies do not work in a vacuum, isolated from everything else. It interacts and
transacts with the other entities present in the economic environment. These entities
include Government, Suppliers, Lenders, Banks, Customers, Shareholders, etc. who
deal with the organization in several ways. Most of these dealings result in either money
flowing in or flowing out from the company. This flow of money (or funds) has to be
managed so as to result in maximum gains to the company.
Managing this flow of funds efficiently is the purview of finance. So we can define
finance as the study of the methods which help us plan, raise and use funds in an
efficient manner to achieve corporate objectives.
The successful financial manager of tomorrow will need to supplement the traditional
metrics of performance with new methods that encourage a greater role for uncertainty
and multiple assumptions. These new methods will seek to value the flexibility inherent
in initiatives – that is, the way in which taking one step offers you the option to stop or
continue down one or more paths. This Diploma Course in Financial Management will
not only equip students how to be prudent financial managers but also on how to deal
with tomorrow’s challenges in the field of Financial Management
Course Objectives
After completing the material in this Diploma Manual, you will be able to:
Understand the meaning and nature of accounting.
Differentiate between various types of accounting.
Explain the importance of accounting
Evaluate various capital investment alternatives.
Calculate and interpret net present value (NPV).
Calculate and interpret internal rate of return (IRR).
Define working capital.
Understand working capital management strategies.
Construct a cash budget.
Manage receivables and payables
Analyze the financial statements of health care organizations using horizontal
analysis, vertical (common-size) analysis, and ratio analysis.
Calculate and interpret liquidity ratios, profitability ratios, activity ratios, and capital structure ratios
Module one
a) Introduction to Accounting
b) Accounting Concepts and Conventions
c) Recording Of Transactions- Voucher System, Accounting Process, Journal
d) Ledger Posting and Trial Balance
e) Subsidiary Books of Accounts
f) Preparation of Profit And Loss Account and Balance Sheet