CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

Understanding Financial Statements
This is the first step in learning to communicate through the ‘Language of Money ’. What is the role of Financial Accounting in the overall context of management? By painting the larger picture, this lesson demonstrates how the accounting function thinks organisational while acting local. The planning process is understood through investment and fi nancing decisions. Return on investment must always be greater than the cost of capital. This is the key to success. What does this mean? How is this achieved? Further inputs trail the accounting system as it gathers information on performance. The need for designing and implementing an effi cient and effective control system is established. How do all these elements go to make up the two important accounting statements - the P&L Account and the Balance Sheet? The author is Prof. S Sundararajan of IIMB, a noted authority on the subject. He is supplemented by a practising expert who reveals the tricks and traps of the trade.
FM/AC1

24 Mins

25 Mins

65 Pages
Equivalent classroom time: 4hrs