Financial literacy is essential for professionals across all domains, enabling them to make informed decisions and contribute effectively to their organisations. Understanding financial concepts helps in interpreting financial statements, assessing business performance, and planning strategically. To address this need, the Management Development Programme (MDP) Department at Alliance University conducted a programme for executives from Sansera Engineering Ltd.

Understanding Financial Concepts

The Management Development Programme on Finance for Non-Finance Executives was led by Dr Narayanaswamy R. The sessions provided participants with a fundamental understanding of financial concepts, terminology, and the structure of financial statements. Through interactive discussions, executives gained insights into key financial principles applicable to their professional roles.

Hands-on Learning and Practical Applications

A hands-on module on financial statement analysis allowed participants to engage with real-world financial data. Practical exercises strengthened learning by enabling executives to apply theoretical knowledge in analysing financial statements. The use of MS Excel facilitated calculations, trend analysis, and data interpretation.

Real-World Data Application

A key feature of the programme was the integration of Sansera Engineering Ltd.'s accounting data. Participants created and analysed financial statements based on actual company figures. This approach ensured that the learning experience was relevant to their industry and professional responsibilities.

Enhancing Financial Decision-Making

The programme equipped participants with the skills to understand financial reports, evaluate business performance, and support decision-making processes. By bridging the gap between finance and non-finance functions, the programme aimed to enhance financial acumen across different roles.

Commitment to Professional Development

The MDP Department at Alliance University continues to deliver structured learning experiences designed to enhance financial knowledge among professionals. Through such initiatives, participants gain the skills necessary to navigate financial decision-making in their respective domains.