Live session - Financial Management in Crisis and optimising Budgets

What will you learn: Financial management needs to be an integral element of a company’s overall risk assessment after the Covid impact on the businesses. It becomes important to have a greater amount of Financial understating for individuals who are managing businesses and various functions of the business. In this program of Financial management in crisis and optimizing Budgets. You will learn - Basics of Profit & Loss Account and The Balance Sheet -Break even Point -Decisions concerning Make or Buy, - Decisions involving allocation of scarce resources, so as to optimize their use - How every department and function can contribute towards profit. - Significance of Budgetary control system, - Standard Costing as a control mechanism, - Accounting Ratios to judge the performances, - Internal controls and their significance by function, - Life Cycle Costing, - Product wise and Customer wise profitability, - And many more with plenty of real life examples