Introduction to financial_concept

May 28th, 2015
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INTRODUCTION BASIC CONCEPTS LEGAL FRAMEWORK & BRIEF REVIEW OF PROVISIONS THE BALANCE SHEET & ITS KEY ELEMENTS THE PROFIT & LOSS A/C & ITS KEY ELEMENTS

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ABOUT MYSELF Name: Qualifications: 1. B.Com.(Hons)2. Post-graduate Commerce.3. M.Phil (Commerce)4. Ph.D. (Commerce) submitted.: Joined University of Delhi asLecturer in Commerce in 2001 andcontinued till 2005 and then joinedArmy Institute as Senior Faculty,Finance Area prior to currentappointment at NICMAR. ExperienceSarbesh Mishra.Need of Knowing Finance AManagerial PerspectivebyMr. Sarbesh Mishra,Assistant Professor, Finance Area.National Institute of Construction Management& Research (NICMAR)COVERAGE UNDER THIS TOPIC INTRODUCTION BASIC CONCEPTS LEGAL FRAMEWORK & BRIEF REVIEW OFPROVISIONS THE BALANCE SHEET & ITS KEY ELEMENTS THE PROFIT & LOSS A/C & ITS KEY ELEMENTSQs:- If I have no intention of becoming a financialmanger, why do I need to, understand financialapplications / Analyse of Financial statements? The successful manager will need to be muchmore of a team player that has the knowledgeand ability to move not just vertically within anorganization but horizontally as well.Developing cross-functional capabilitieswill be the rule, not the exception.Contd. The mastery of basic financial management skillsis key ingredient that will be required in the workplace of yours not in too distant future. Finance is the study of money management, theacquiring of funds (cash) and the directing of thesefunds to meet particular objectives. Good financialmanagement helps businesses to

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