IIMT Events


MDP on Financial Strategy for Creating Values

October 24th, 2009 held at Hotel Presidency, Bhubaneswar


Successful managers know that their decision affect the profitability of the company , but are often puzzled by the numbers they deal with The programme has focused on creating value, empowering the Non-Finance Executives with an understanding with a comprehensive working knowledge of crtical financial principles in an easy-to- follow manner that would help them make better decisions in their organizations..The executive participants would be able to comprehend the performance metrics of the organization, read and use company reports and comprehend other managerial accounting aspects and also communicate finance related matters and use more effectively. 


Eminent speakers like Mr Susanta Bal),C)ICWAI, Member IMA(US),Memebr (IIA-US),Memebr(AIMA) and  Sr. Manager,(Finance) Steel Authority of India Ltd., Mr Antaryami Acharya ,Chief Manager (Finance),NALCO, Mr Niranjan Swain DGM( Fiance), OPGC. With their rich experiences delivered talks in the MDP..
This course was attended by practicing Fiancé and Non Finance Managers in diverse disciplines from mostly public sector undertakings and various corporate.  


The purpose of this course was to provide a strategic approach managers in managing financial principles and practices with an aim how to create value out of it in their diverse functional area.

Course outline of this MDP was as follows:

Value Engineering its costs control and decision making: How to reduce cost in a scientific approach with statistical tools and techniques.
Budget as a Tool of Financial Control: In utilization of fund the importance of Budget with its various dimensions has been highlighted.
Financial Management and audit Compliance: Last but not least the role of Audit in organization is well focused to the participants in the form of external and internal point of view to exercise financial control and guidelines for preventing unnecessary expenses in organizations.