Finance

Description Of Finance Courses

Financial Management majorly concerns with applying general management principles to financial resources. In other words, from planning to controlling the funds, it is the management of the financial resources to achieve the broad objectives and goals of the organization.

Moreover, there are various other elements associated with financial management such as capital budgeting and working capital decision making. Financial decisions such as raising funds from multiple sources and dividend decisions for net profit distribution are considered to be crucial elements of financial management.

As financial management is the key to ensure the smooth and efficient functioning of an organization, professionals in financial management are high in demand. Moreover, job opportunities in financial management and the upcoming digital finance sectors are growing at a rapid speed and are project to grow at 16 percent CGPR for many years to come.

Importance of Organizational Financial Management

A firm starts selling its products and/or services to the consumers and earns the money and this process is repeated simultaneously. Here, it is the objective of financial management people to run cash smoothly through the aforementioned process (from the beginning to the end) while managing the running costs efficiently.

The very base of any organization to successfully function is its financial independence. Financial stability is what an organization looks for as it not only substantiates sustainability but also the overall growth of a business. The aim of sustaining financial stability is the key factor here through all the ups and downs that a company goes through.

Amid the pandemic, it is the best time to understand the roles and responsibilities of a financial professional. The outbreak of Coronavirus and elongated restrictions on movement caused immediate disruption to businesses across the spectrum. Here, the onus is on the financial management people to ensure the company has enough liquidity to weather such severe economic uncertainty.

Financial Functions in the Context of Modern-Day Businesses

Basically, modern financial management broadly works on the objective of maximizing the wealth of the shareholders of a business. Paradoxically, a firm might focus on maximizing profit. However, it has been observed that several firms around the globe are trying to take a much more balanced approach. They may aim to benefit employees, suppliers, customers, and the community as well while maximizing profits.

We, at Talentedge, believe that today’s students are tomorrow’s business leaders. Therefore, we would like to highlight that the managers while maximizing the wealth of the shareholders are expected to behave ethically and must not use unfair and immoral means to achieve their objectives. Moreover, environment conservation should also become an utmost priority for the professions as environmental pollution has become a constraint to the overall development objective of businesses.

Moving forward, financial function in a business exists to help the managers across three distinctive and overlapping but not sharply differentiated activities:

1. Strategic Management —Involves development of aims and objectives for a business and then formulating strategies to achieve them.
2. Operations Management —Ensuring things go as planned for running smooth business functions.
3. Risk Management —Identification and mitigation of risks that a business might face or is facing, and ensuring that it is properly managed.

Through the underlying financial functions, financial management professionals help the overall business management to achieve the above-mentioned management activities:

1. Financial Planning
2. Investment Project Appraisal
3. Financial Decisions
4. Capital Market Operations
5. Financial Control

1. Financial Planning is nothing but a process of formulating financial policies involving procurement, administration, and investment of funds of a business. The objective of financial management is to determine capital requirements and structure. Here, the financial management professionals aim to ensure maximum utilization of funds at the disposal of a firm for enhancing the best ROI.

2. Investment Project Appraisal involves various techniques to access the attractiveness of investments made by the firms. It is done to analyze if the investments will help in achieving the long-term objectives and goals or not. New long-term projects can influence the future prospects of a business and investment project appraisal can help managers to make more informed decisions.

3. Financial Decisions are made to raise funds whether internally or from external sources and to strike a balance between long and short-term sources of finance. In the case of internally generated funding, which is largely from the profits, then careful consideration is required on —to what extent the profits can be reinvested over distributing it to the stakeholders. In general, financial decisions are classified into three kinds —investment decisions, financing decisions, and dividend division.

4. Capital Market Operations are done in the capital market which involves the trade of financial securities such as stocks, bonds, etc. Individuals and institutions participate in Capital Market Operations that include both —secondary and primary markets. Here, financial managers may choose to raise new funds from capital markets.

5. Financial Control is a process to monitor and control the usage and allocation of financial resources of a firm. It helps to maintain smooth cash flow, resource management, operational efficiency, and profitability. The process of Financial Control is done after a thorough analysis of the situation. It involves four major processes:

• Detection and elimination of overlaps and anomalies
• Monitoring and updating of financial data
• Analysis of all operation scenarios (expenditures, profitability, scaling, etc)
• Projections and forecasting for having an insight into the future

Financial Management in Industry

With the expansion of digital, big data, AI, and robotics technology, financial management has developed to become a much more technology-oriented field. Earlier, digitization of finance was seen as a competitive necessity, now it has become essential for the survival of a business. To understand it better, let’s take the example of the Internet of Things (IoT) and how it is impacting financial functions. IoT has made it possible to insert sensors almost everywhere, eventually enabling organizations to receive and process real-time data. This has hugely impacted the finance functions and is paving the way for alterations in an age-long concept of reporting cycle. Today, organizations are asking for frequent performance information for making the consumer experience better.

Hence, it becomes imperative for professionals in financial management to understand altering consumer and employee behavior, and emerging new business models. To optimize your performance as a financial management professional, you must first understand the alterations in functions of financial management owing to recent technological innovations. We, at Talentedge, offer a range of advanced certification courses in finance in India for you to be on par with rapid development in the field.

Leaders in financial management are expected to be aware of changing environments along with being predictive and enabling innovations. For you to be able to understand rapid transitions in financial management, we will take you through a range of our advanced courses that offer enriched learning based on the problems and obstacles professionals face in the field.

Key drivers of change

Recently technology advancements are the key drivers of change in finance functions. With every technical advancement, there comes an opportunity but also serious risks that have the potential to ruin the business of a firm. Here, it becomes the responsibility of finance professionals to update themselves with the advancing technology along with learning advanced techniques and methodologies in financial operations. Hence, pursuing certification courses in finance in India is always advised to the professionals to be on par with recent advancements.

Technical advancements have made financial operations increasingly complex and the impact can be felt across the industries. Hence, companies are in continuous search of capable professionals in financial management that can help them develop high-end quality decision-making capabilities. Remember, it is the time when the tradition doesn’t work and you will have to acquire skills for you to be able to achieve high levels of creativity and innovation.

Tools and Techniques to Bring Change

There are more than enough tools and techniques for you to learn and employ for overcoming the challenges your organization face. However, as you can find in our online finance courses, Data, Value, Costing, and Business Model have become central to advanced finance functions.

Data
This is where a lot has to be done when it comes to data and finance functions. The professionals need to understand that the modern world is driven by data and machines are much more effective and efficient than us when it to the collection and processing of data. Financial management professionals have to ensure the integrity of data and should know how to use it in different ways. Appropriate applications of data analysis will help the finance people in making better and well-informed decisions as well as enhancing operational efficiency.

Costing
It has been commonly observed that organizations have not moved beyond traditional methods in costing. At a time when digitalization has penetrated almost every sphere of businesses and organizations, it becomes imperative for the firms to employ ‘Digital Costing’ that not only takes care of digital assets but also knows how costing is done in the digital world. It is time to develop advanced and systematic costing approaches and do away with ineffective Activity-Based Costing (ABC) and Activity-Based Management (ABM).

Value
While most of the organizations consider intangibles such as brands, patents, human resources, etc., as value, they are often skipped from the firms’ books since the accountants treat them differently. In today’s world, the aforementioned intangibles have become crucial for the success of any organization. Hence, these capital values must not be ignored anymore, and finance people should start measuring them. For calculating intangible values and their drivers you must be rightly trained to fetch better results.

Business Model
The business model brings together defining, creating, and delivering value along with sharing it among its stakeholders. It works as a bridge to connect the organization with the ecosystem and the environment, now done leveraging technology. A finance professional must be able to use a business model to understand the overview of the organization to create and preserve value.

Understanding investments using technology
Investment analysis is a process to evaluate investments and economic trends to predict future performance. Here, the finance professionals analyze investments that may suit best for the organization. Be it bonds, stocks, or mutual funds, investment analysis is key to portfolio management and is done to measure risks, potential, and price movements.

As we all know, one size does not fit all when it comes to investments. Investment analysis is done to match the investments goals of an organization or an individual with investment opportunities. The evaluation is done using different types of investment analysis such as Top-Down, Bottom-Up, Fundamental, and Technology Analysis.

Here, Technology Analysis is our main focus as it employs advanced tools and techniques to conduct investment analysis. Technology Analysis evaluates patterns and statistics using data to understand the strengths and weaknesses of investments or investment opportunities. If you choose our finance certificate courses, you will be able to conduct Technical Analysis of market sectors, securities, assets, etc, for your organization using advanced ML/AI tools.

Understanding Risk Management in the Digital Era

As discussed above, Risk Management is a process of identification and mitigation of risks in financial decisions and investments. Interestingly, the introduction of technology such as artificial intelligence, big data, cloud, etc., in the field has made the whole process more efficient and effective. Big data is has led risk management processes towards improved performance and better resiliency. As risk management requires data from various sources, rational database management systems (RDBMSs) fail to deliver what is required in such a volatile environment. Hence, big data is helping professionals in calculating analytics on the granular levels.

This alternative approach provided by big data —moving calculations to the data and not the other way around, has reduced run times drastically. To leverage big data analysis, you must join one of the online finance courses to equip yourself with the latest trends and required skills. Cloud, on the other hand, is enabling the firms to rapidly evolve new applications and workflows along with allowing the team to manage to compute resources to match the needs of the business. There are many tools available in the market today that enables moving and managing workloads to the cloud.

The potential that such high-end technologies provide is enormous in the financial space. We, at Talentedge, provides you with state-of-the-art certification courses in finance in India for you to discover and exploit that such cutting-edge technologies have to offer.

HOW WILL AN EXECUTIVE PROGRAM IN FINANCE BENEFIT MY CAREER?

Finance is a domain that will always give you a range of opportunities. From accounting to financial analysis and management, candidates have a lot to choose from. Also, professionals with finance certifications can expect up to 15% higher remuneration than the market average.

• The first and the most valuable benefit of this course is skill enhancement
• Skill enhancement leads to better remuneration
• Career-Progression Opportunities
• The chance to make an impact
• Networking

FAQs

HOW WILL THIS COURSE BENEFIT SOMEONE WITH MORE THAN 10+ YEARS OF EXPERIENCE IN THE FINANCE DOMAIN?

The programs offered in Finance on Talentedge, all have a minimum amount of work experience as an eligibility criteria. People with your level of experience, will benefit more from the programs which have a minimum Eligibility criteria of at least 5 years of work experience.

However, work experience is not the only criteria for selecting a program, you should also consider what you wish to learn and subsequently, what direction you want your career to take. If you wish to explore career opportunities in financial analytics, you should choose the Executive Development Program in Financial Analytics from XLRI Jamshedpur and not a program in Applied Financial Risk Management, regardless of the experience criteria.

WHAT ARE THE BENEFITS OF ALUMNI NETWORK?

Alumni networking can provide you an opportunity to build business connections as well as lifelong group of friends. Alumni networks also provide career assistance.

WILL EXECUTIVE CERTIFICATE PROGRAM IN APPLIED FINANCIAL RISK MANAGEMENT FROM IIM RAIPUR HELP ME IN PREPARING FOR GARP?

Yes. The program syllabus of Executive Certificate Program in Applied Financial Risk Management from IIM Raipur overlaps with GARP FRM Level 1 certification requirements GARP is constantly on the lookout for talented risk management professionals.

WHAT WILL BE THE CAREER OPPORTUNITIES AFTER COMPLETING A FINANCIAL CERTIFICATE PROGRAM FROM TALENTEDGE?

After completing the course you will be able to build your career in:

• Investment banking
• Financial Analysis
• Accounting
• Strategic financial Management
• Financial Risk Management
• Financial Advisor
• Entrepreneurship

ARE THE COURSE CURRICULUM TOUGH OR BASIC?

The programs will delve deep into the core of Finance as a discipline and expose you to its various branches such as risk minimization strategies and guiding principles on investment decisions, growth planning, Working Capital Management, Corporate &Financial Restructuring etc. Also, these courses will be delivered through case studies, group assignments and exercises, and selected industry experts will also take guest lectures to provide practical insights to complex financial problems faced by organizations.

DO THE FINANCIAL ANALYTICS AND FINANCIAL RISK PROGRAMS FROM TALENTEDGE BENEFIT CAS?

Yes. The programs offered by Talentedge delve deep into various other branches of the Financial Domain, other than Accounting and Auditing, like Analytics, Risk, Capital Management, Mergers and Restructuring etc. For a CA, these certification programs in Finance will be like added feathers in their cap.

I AM A FRESHER, WHAT WILL BE THE SALARY PACKAGE AFTER COMPLETING THE COURSE?

Careers in Finance are known for their generous salary packages. Professionals with finance certifications can expect up to 15% higher remuneration than the market average.

WHAT IS FINANCIAL MANAGEMENT?

Applying general management principles to financial resources is financial management. It includes everything, —from planning to controlling the funds. Financial management is done to achieve the broad objectives and goals of the organization.

WHY IS FINANCIAL MANAGEMENT IMPORTANT?

It is the backbone of any organization. Proper management of funds is critical for the sustainability and growth of a business. Consider a situation where a firm mismanages its financials. It can prove to be catastrophic for its survival even if they are having an excellent business model. The healthy financial management of a firm will not only manage the books and cash flows but will also manage its assets and help the managers making wise investments decision. Hence, rightly skilled professionals in financial management are key to the success of any organization.

WHY SHOULD I CHOOSE AN ONLINE FINANCE COURSE?

Firstly, you should understand that financial management is key to the sustainability and growth of any organization. However, in this fast-moving, highly competitive, volatile, and advanced tech-enabled world, horizons of financial management have expanded to a great extent. Hence, traditional methodologies and tactics have become redundant. For you, to be on par with the latest trends in financial management, joining a good online finance certificate from a credible institution is always advised. These courses will equip you with the right skills and knowledge to boost your career.

WHAT ARE THE CAREER OPPORTUNITIES IN FINANCIAL MANAGEMENT?

There are ample opportunities in the financial management sector. By pursuing professional courses in finance you can be like a doctor to the financial health of any organization. Hence, you will end up being high in demand in the market.

Here is the list of job opportunities in financial management:

• Finance Managers
  • Financial Analyst
  • Investment Banking Analyst
  • Investor Relations Associate
  • Financial Planner
  • Financial Auditor
  • Personal Financial Advisors
  • Budget Analysts
  • Portfolio Manager
  • Risk Management Manager

CAN I JOIN TALENTEDGE’S ONLINE FINANCE CERTIFICATION COURSES?

If you are a practicing professional in finance management, you can join a range of our courses based on your requirements and the program that best suits your learning desires. You can check the eligibility criteria of different courses on our course pages or you can call our counselors for more information.

WHAT SKILLS WILL I ACQUIRE FROM TALENTEDGE’S ONLINE FINANCE COURSES?

Each of our courses in Financial Management offers unique learning experiences. For instance, if you choose to pursue our Executive Development Program in Advanced Financial Management from XLRI Jamshedpur, you will learn Analysis of Financial Performance, Risk and Return Analysis, Financing Structure and Funding Choices, Risk Evaluation and Mitigation in Capital Investment Decisions, Financial Budgeting – Process & Evaluation, Responsibility Center Management & Transfer Pricing Decisions, Financial Dimensions of Growth & Growth Planning, and a lot more directly through the market leaders and XLRI faculty.

WHY SHOULD I CHOOSE TALENTEDGE?

We, at Talentedge, offers various benefits to the learners, such as
• Affordable courses
• Live & interactive sessions
• Various financing options
• 24*7 Could-Campus
• High Student Satisfaction Score
• Weekend Schedules
• Fee Instalments Schedules Available

WHAT HAPPENS IF I MISS A CLASS WHILE PURSUING AN ONLINE COURSE?

We offer 24*7 cloud-campus training for your hassle-free learning experience. If you miss a session, you can attend it later as many times you want as all the lectures are stored on our cloud campus. Moreover, it is also helpful in case you want to revisit the lectures before your crucial tests! However, as most of our courses are live and interactive, we will advise you against missing out on sessions for a better learning experience.

WHICH ONLINE FINANCE COURSE SHOULD I CHOOSE?

Go through all of our online finance courses available and look for the syllabus. You will get a good insight into what a course has to offer. Shortlist the courses that are offering learnings based on your expectations. Then choose among the shortlisted ones for the course that suits best for you and your career goals. Still, confused? Contact our counselors and they will help to ease the process by taking you through the course offerings and your requirements.

WHAT IS THE PEDAGOGY THAT YOUR COURSES OFFER?

Our partner institutions have carefully crafted the curriculum and teaching methodology. If you will go through the course you aspire to pursue, you will find that it offers rich, informative, engaging, and advanced learning. Through the course, you will get a chance to interact and learn directly from the highly qualified faculty but also from market leaders. Our courses are one-of-its-kind and are not any other online finance course that you can easily find on Google. They are designed explicitly for you so that you can achieve your career goals and objective.