This programme is meant to impart essential business analysis knowledge. It focuses on strategic, financial and cost analysis of a business. To start with, the programme will cover the basics of three financial statements, viz. balance sheet, income statement and cash flow statement. This will be followed by strategic cost analysis and performance assessment. The programme will also acquaint participants with the tools and techniques used in business analysis. First, this will involve looking at the business through a strategic angle. Ratio analysis, an important tool for financial statement analysis will be taken next. Annual report of a public company will also be discussed. Comparative analysis with peers of the company will follow. Finally, participants will get insights into how earnings manipulation can adversely impact the analysis of financial statements and how good corporate governance can overcome this hurdle.
The core objective of this programme is to train participants in analyzing a business from different perspectives viz. strategic, financial and cost.
• Understanding the fundamentals
- Conceptual understanding of balance sheet, income statement and cash flow statement
• Strategic cost analysis
- Cost estimation for managerial decisions
- Relevant cost for managerial decisions and transfer pricing
- Responsibility accounting, performance appraisal and assessment
- Examining performance: Beyond financial measures (Balanced scorecard, assessment of capital employed and choice of performance measures)
• Techniques of business analysis
- Strategic business analysis
- EIC framework
- Ratio analysis
- Understanding the annual report
- Comparative and common-size analysis
• Implications of earnings manipulation on financial statement analysis
- Earnings manipulation and fraud
- Corporate governance mechanisms
The primary audience for this programme would be middle and senior managers in non-finance functions whose jobs involve dealing with the accounting and financial information.
Teaching will be through lectures, exercises, case studies and annual reports.