Finance for Entrepreneurs

October 18, 2008 at 12:44 pm | Posted in Entrepreneur, Finance, IIM Banaglore, NSRCEL | Leave a comment
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On Oct 3 and 4 2008, there was a 2 days workshop/course on Finance for Entrepreneurs, by Prof M Jayadev, IIM Banaglore. It was organized by NSRCEL. Since, I hold the responsibility of handling finances at LifeMojo, so I thought of attending it.

My wife is doing her CA final and I have learnt the basic fundamentals of corporate finance and accounting from her. Having some knowledge of basic fundamentals and then attending this course proved to be very useful. There were case-studies, practice questions etc, which gave me a good hands-on experience. The first thing I did after coming back, was to prepare a balance sheet for LifeMojo myself, and yes, I was able to do that )

There was also a good coverage on company evaluation and what a bank or an investor looks for in a company as well. These were some great discussions and most of these topics were very new for me.

Prof Jayadev gave away copies of a book for self-reading. It was “Finance Sense : Finance for Non-finance executives” by Prasanna Chandra.

Here is what the content of the course was:

  1. Introduction to Basics of Financial Accounting – Balance Sheet
  2. Income statement, Cash Flow Statement and Financial Statement Analysis
  3. Concept of Working Capital, Working Capital Management and Working Capital cycle
  4. Business planning and forecasting
  5. Capital Budgeting and analysis of Investment proposals
  6. Payback period – NPV and IRR
  7. Breakeven Analysis and Sensitivity Analysis
  8. Life cycle costing and business strategy, Target costing and Pricing Strategies
  9. Entrepreneurial finance and financing options

Overall, it was great to be a part of this course. I also recevied a certificate from the Prof, for attending the course 😉

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