Executive Development Program In Advanced Financial Management

Finance

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  • 10-15 LPA

    Average salary in this domain

  • 20000+

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Enrolment closes on 29 Sep, 2022

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  • Duration: 6 Months

    Saturdays from 7.00 p.m. to 10.00 p.m. IST (3 Hours)

  • 08 Oct, 2022

    Start Date

    Batch 9

Enrolment closes on 29 Sep, 2022

Want to know more? enquire now

or call us on +91-9873022020

About this course

Enhance your Business’ Financial Performance

India boasts of a diversified and robust financial sector undergoing rapid expansion. The sector comprises banks, insurance providers, non-banking financial organizations, co-operatives, mutual funds and other smaller financial entities. As per a report by India Brand Equity Foundation:

• The commercial banks accounting for more than 64 per cent of the total assets held by the financial system

• Total Assets Under Management (AUM) of the Mutual Funds industry stood at Rs 23.80 trillion (US$ 340.48 billion) between April 2018-February 2019

• The total first-year premium of life insurance companies reached US$ 30.72 billion (Rs 214,673 crore) during FY19

• The total amount of Initial Public Offerings (IPO) increased to US$ 1.2 billion raised from 37 between April – June 2018

• India’s mobile wallet industry is estimated to grow at a Compound Annual Growth Rate (CAGR) of 150 per cent to reach US$ 4.4 billion by 2022 while mobile wallet transactions to touch Rs 32 trillion (USD $ 492.6 billion) by 2022

The course on Advanced Financial Management, from XLRI, has been specially designed for working professionals in the corporate finance domain who wish to gain an understanding of advanced concepts and techniques required to solve complex financial challenges of an organization. The course is structured to expose the participants to factors affecting financial performance, modes of capital management, risk minimization strategies and guiding principles on investment decisions.

Read Less

Enhance your Business’ Financial Performance

India boasts of a diversified and robust financial sector undergoing rapid expansion. The sector comprises banks, insurance providers, non-banking financial organizations, co-operatives, mutual funds and other smaller financial entities. As per a report by India Brand Equity Foundation:

&... Read More

Get a deeper understanding of

  • Capital Management
  • Financial Risk Management & Risk Minimization Strategies
  • Budgeting Process & Evaluation
  • Finance Structure and Funding
  • Financial Management as Growth Enabler
  • Corporate & Financial Restructuring
  • Factors affecting Financial Performance
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Key skills you’ll learn

  • Risk Management
  • Financial Planning
  • Decision-Making
  • Budgeting
  • Critical Thinking

Program Starts in 8 Days

Benefits for All Students

Opportunity to earn a Certificate of Completion in Advanced Financial Management from XLRI

Experienced faculty from XLRI and Industry experts provide practical insights into everyday issues

Learn business and industry relevant aspects of Financial Management and its role in growth planning

This course uses practical examples and exercises to help participants grasp concepts better

Exposure to factors affecting financial performance, modes of capital management, risk minimization strategies and more

Opportunity to earn a Certificate of Completion in Advanced Financial Management from XLRI

Experienced faculty from XLRI and Industry experts provide practical insights into everyday issues

Learn business and industry relevant aspects of Financial Management and its role in growth planning

This course uses practical examples and exercises to help participants grasp concepts better

Exposure to factors affecting financial performance, modes of capital management, risk minimization strategies and more

Are You Eligible?

Are You Eligible

Education

  • For Indian Participants – Graduates (10+2+3) or Diploma Holders (only 10+2+3) from a recognized university (UGC/AICTE/DEC/AIU/State Government) in any discipline
  • For International Participants – Graduation or equivalent degree from any recognized University or Institution in their respective country

Work Experience

  • Minimum of 4 years of relevant work experience in the finance domain

Syllabus at a Glance

Learn from the Best Faculty

About The Institute

XLRI Jamshedpur

XLRI is one of India’s leading management school based in Jamshedpur, Jharkhand. Established in 1949 as the Xavier Labor Relations Institute, by Fr. Quinn Enright, XLRI is acknowledged as India’s oldest business management school.

XLRI with its single vision of Magis, i.e., pursuit of excellence, focuses on three areas: academic excellence, personal values and social concern. XLRI spares no effort to make its curriculum world-class and deliver it in the most effective manner. It constantly scans the developments in business and in society and tries to pro-act to meet the challenges. Its world-class faculty with its commitment and deep sense of service delivers the curriculum very effectively.

Consistently being acknowledged as the Best “HR Course” in Asia–Pacific, it has also been recognized for its research acumen by the London Business School and is ranked among top 5 research schools in India cutting across management and technical institutes. For more details, visit www.xlri.ac.in.

XLRI features consistently among the top 5 business schools of the country. In 2012, XLRI was ranked No. 4 among top 75 B-schools in India across Private and Government sector by Outlook India. Among other rankings, it was ranked #5 by the 2012 edition of CNBC-TV18′ s Top B-Schools in India, #4 by the Business Today 50 best business schools of 2012, #3 by Business World B Schools Unplugged.

Fee Structure for

Instalment Schedule

Instalment 1
INR 30000 + GST Due by: 29 Sep, 2022
Instalment 1
USD 650 Due by: 29, Sep, 2022
Instalment 2
INR 20000 + GST Due by: 06 Oct, 2022
Instalment 2
USD 450 Due by: 06, Oct, 2022
Installement 3
INR 35000 + GST Due by: 05 Jan, 2023
Installement 3
USD 750 Due by: 05, Jan, 2023
OR
Pay for Total Amount
INR 85000 + GST Due by: 29, Sep, 2022
Pay for Total Amount
USD 1850 Due by: 29, Sep, 2022

Financial Aid

To learn more about financing your course, visit the course Financial Resources Hub

Why Should You Join a Program Offered Through Talentedge?

  • 95% Completition Rate
  • 92% Satisfaction Score
  • 78% Referablity
  • Live & Interactive Digital Learning
  • Convenient Schedules to Suit Working Professionals
  • Benefit from Talentedge’s Alumni Network
  • One on one interactions
  • Options for Loan Assistance
  • Live tech support
  • AI & ML Powered Mobile platform enabled

Program Starts in 8 Days

What is Financial Management?

In today’s world, everything revolves around economic activities, with a strong emphasis on making money through any business or activity. Profit is at the heart of every commercial activity.

Financial management is that area of business management devoted to a judicious use of capital and a careful selection of the source of capital in order to enable a spending unit to move in the direction of reaching the goals.” - J.F. Brandley

In simpler words, financial management is the process of planning, organizing, directing, and regulating financial resources to meet its goals and objectives. There are multiple ways to manage the financial assets of a company such as ensuring that the organization has sufficient sources of funds, efficient usage of funds, assessing risks before investing.
 

What are Types of Financial Management?

Primarily, there are three types of financial management that all firms must employ to reach financial goals - capital budget management, capital structure management, and working capital management.

Capital Budget Management: Capital budgeting is a practice of analyzing major investments and expenses to maximize returns on investment. It is used by companies while they are faced with the challenge between two projects, such as while purchasing new plants or machinery.

Capital Structure Management: A company’s capital structure is the combination of long-term funding sources it employs. It refers to a company’s long-term funding and is made up of debt and equity securities. It consists of some short-term as well as long-term debt, shares of preferred stock, and common stock.

Working Capital Management: Working capital management is the process of ensuring your company’s short-term liquidity by managing and optimally utilizing the current assets and liabilities. It helps companies cover their outstanding debts or regular payments as well as generate more revenue.
 

Importance of Financial Management Course

To explain the importance of financial management courses, we have described all the points in detail which are financial planning, investing funds wisely, access to finance, tax planning, valuation of firms, tax planning, improved market understanding, reduced business cost, informed financial decisions, highlighted areas of growth, and capital reserves.

Financial Planning: Financial management helps guide the organization in financial planning. It helps determine all financial requirements related to a corporate enterprise. It also helps the financial managers to take correct measures while doing the planning.

Investing Funds Wisely: To make a business work, it is necessary to evaluate where finances are required and allot the funds properly. Disbursing too much on one project might have a negative impact on other assignments. Therefore, it is essential to keep track of funds and invest wisely.

Access to Finance: If you want your business to grow or even just prevent it from the downturn, you need to keep looking for new sources of finances. You also need to have a well-founded strategy because financial organizations are reluctant to consider your firm for financial assistance if you don’t have a solid plan. A solid plan will point out present needs while also anticipating future challenges or opportunities.

Tax Planning: Only a deep understanding of finances can help you discover the most effective tax strategies. Failure to organize your taxes will result in spending extra money out of your pocket.

Valuation of Firms: Companies can compare their performances with the set industry standards to measure their performance, this will help them to create plans accordingly. The valuation of a firm can be improved with the help of good management practices and financial experts.

Improved Market Understanding: Financial management helps you have a better understanding of the market trends. It will also help you analyze high and low-performing areas to evaluate where a market strategy worked well and in which area you need to apply a better strategy. You will be able to recognize a market trend if you have a clear grasp of where your company makes money and most importantly where it loses money.

Reduced Business Cost: Having in-depth knowledge and clarity of the company’s finances is the most effective way to reduce business costs. You can create efficient financial management plans to reduce spendings and discover new saving opportunities.

Informed Financial Decisions: Financial decisions have an impact on the entire business so it is essential to make informed decisions after analyzing everything related to the concern. As it is impossible to reverse a financial decision because finances are not compensated for any bad decisions made.

Highlight Areas of Growth: With precise and reliable financial data of your company, you will be able to discover which areas of your company are performing well and where you need to improve to attain the goals.

Capital Reserves: Financial management plays a crucial role in the success of a company by allowing for expansion and the creation of capital reserves in the company's books of accounts.

Various financial management courses in India teach the above-mentioned essential components for you to grow in your career. These will help you become a financial management wizard of your organization.
 

Objectives of Financial Management You Should Know

Objectives of financial management are divided into three main parts such as profit maximization, wealth maximization, and value maximization. A financial manager must establish the fundamental objectives of financial management in order to effectively utilize the finances.

Profit Maximization: Profit maximization is the measure by which financial decisions are made. According to this concept, a company should evaluate and avoid engaging in those activities that decrease their profits and involve themselves in the activities that increase their earnings.

Wealth Maximization: Financial management’s primary objective is to maximize wealth. The net present value (NPV) maximization strategy is another name for it. The value of an asset is calculated using this method by subtracting the cost of investment from the profits.

Value Maximization: Value maximization may be defined as the role played by the management to increase the long-term value of the organization in the market. The value of an organization can be measured by its financial assets such as equity, debt, and preferred stocks. When the market value of a company rises, its overall value rises as well.
 

What are the Major Roles of a Financial Manager? 

One of the most essential roles in the realm of finance is the finance manager. He must be well-versed in accounting, finance, and management. It is extremely important for a finance manager to be analytical to solve the financial problems of the organization.

There are major 5 responsibilities that a finance manager plays in an organization- forecasting financial requirements, formation of capital structure, taking investment decisions, effective management of cash, and financial control.

Forecasting Financial Requirements: The financial manager needs to calculate the capital requirements of the organization. It is done on the basis of the company’s policies related to expenses and profits that they expect. The statutory amount should be calculated in such a way that it helps grow the earnings of the organization.

Formation of Capital Structure: When the statutory capital is estimated, the financial manager needs to create a capital structure that requires a short and long-term debt-equity ratio analysis. The structure of capital is based on how much money a company already has and how much it needs to raise from the investors.

Taking Investment Decisions: Every organization invests its money to earn profit and raise additional funds. It is the financial manager’s responsibility to analyze the investment options with the best returns possible.

Effective Management of Cash: It is crucial to effectively manage the cash in an organization because there are multiple requirements that the company needs to fulfil on a daily basis such as clearance of salaries and bills, upkeeping of stocks, purchase of new equipment, etc.

Financial Control: The financial manager’s responsibilities don’t end on planning, organizing, and acquiring funds but also controlling the company’s finances. There are multiple tools that can be used to control the finances of a company and prevent unnecessary expenses such as financial forecasting, risk management, ratio analysis, and profit and cost control.
 

What is the Scope of Financial Management? 

The approach of financial management assesses the scope of financial management. It is an evolutionary idea rather than revolutionary. The concept and scope of financial management have been modified over the years and numerous new innovations have been introduced.

To grasp the scope of financial management, first, it’s necessary to have the knowledge of the approaches which are divided into two categories - traditional approach and modern approach.

Traditional Approach: Corporate finance was the term used in the twentieth century to describe the traditional approach. It was implemented to acquire and manage funds for the organization. Given below are the three aspects that were studied for the procurement of financial management -

  • Identifying the various funding options
  • Arrangement of funds from the capital market through financial devices
  • Legal and accounting relationship of business and funding sources

It was one of the most important tasks of a financial manager to have money set aside for occasions such as restructuring, liquidation, expansion, and so on. The traditional approach of financial management solely focused on the firms procuring the funds which is why it is considered limited and flawed.

Limitations of the Traditional Approach

  • One-Sided Approach - Traditional approach focuses on the procurement of funds and the issues that may develop during the procurement.
     
  • Gives Importance to Large-Scale Businesses - Traditional approach is mostly concerned with businesses. It does not apply to non-corporate businesses, such as partnership firms.
     
  •  Focus on Occasional Events - The traditional approach offers funds for occasional events such as restructuring, mergers, incorporation. It also neglects everyday business operations that a corporation could confront.
     
  • Modern Approach: As the business environment started changing, the traditional method became less effective. A new approach was designed with a broad analytical outlook. It entailed both the procurement of finances as well as the most efficient use of those funds.

The primary components of this approach include capital budgeting, financial planning, working capital management, income management, and so on. There are three essential decisions made following this approach - investment decision, financing decision, dividend decision.

Features of Modern Approach

The following are a few main features of the modern approach to finance function -

Focused on Financial Planning - This approach is analytical and helps businesses make well-formed decisions based on the statistical data of the organization.

Wide Scope - This approach prioritizes both funds acquisition and using it in the most efficient way. It also includes the cost of capital, capital budgeting, and financial planning, among other things.

Measuring the Performance of Business - The financial decisions made by the financial manager have a strong impact on a company’s performance. As a result, the modern approach maintains a balance between liquidity and profitability to increase earnings.
 

Reasons to Study Advanced Financial Management Course from XLRI Jamshedpur

The top 5 reasons to study an advanced financial management course from XLRI Jamshedpur are - multiple career opportunities, enhanced interpersonal skills, refined personality, higher salary packages, and career development.

Multiple Career Opportunities: Financial management courses are able to advance in their careers. There is a wide range of career development options available such as investment banking analyst, financial planner, financial auditor, risk manager, and so on.

Enhanced Interpersonal Skills: This online course will help you hone your communication and teamwork skills so that you can build more strong relationships with your colleagues.

Refined Personality: Pursuing this advanced financial management course will help you improve your soft skills as well. Finance professionals need to have a good personality and understanding of finances as they will help make a better impression in front of the investors.

Higher Salary Packages: Upskilling yourself and rising to the above-level positions in the financial sector will provide you with higher salary packages. This is a highly-skilled job that is always in demand even when there is an economic decline.

Career Development – There is always a chance to improve your professional skills and advance your career. Enrolling in this advanced financial management course online from XLRI Jamshedpur will give you in-depth knowledge of financial risk management and risk minimization strategies to better the financial performance of the company.
 

Executive Development Program in Advanced Financial Management

This advanced financial management course online from XLRI Jamshedpur is primarily aimed at working professionals in the finance industry. It is designed to help these professionals strengthen their abilities so that they can use a more advanced financial and technical approach while solving the financial problems of the organization.

This course is most suitable for finance professionals with adequate work experience, as well as professionals who are managing online selling of their products and services.

This course provides a thorough understanding of all the aspects that influence a company’s financial performance. Professionals who enroll in the Executive Development Program in Advanced Financial Management course are trained in various areas such as factors affecting financial performance, capital management, corporate and financial restructuring, budgeting process and evaluation, financial risk management, and risk minimization strategies to make informed decisions before making any investment.
 

Why should you pursue an online course from Talentedge? 

In this digital era, where everything is available on the internet, the popularity of online learning is also expanding like the clappers. There are numerous advantages of taking this advanced financial management course online such as honing your financial skills. Working professionals can attend classes and learn while maintaining their daily routine with the regular jobs.

Doing an online certification course may demonstrate to the company that you are committed to your profession while striving for growth in your career. Also, you can put these skills to use in your current job.

Today, Talentedge offers a range of online certification courses in association with some of the world’s leading institutes. The certificates from these renowned institutes carry immense prestige and add value to your career growth. Here are some of the features of these online certifications courses:

  • Working professionals will be benefited from convenient weekend schedules
  • Digital learning that is both live and interactive
  • Practical and experiential learning
  • Doubt clearing sessions
     

FAQs on Executive Development Program in Advanced Financial Management:

Q. What is financial management? 

Ans: Strategic planning, organizing, directing, and managing financial endeavors in an organization is referred to as financial management. It involves applying management ideas to an organization’s financial assets as well as contributing to fiscal management.

Q. What are the main objectives of financial management?

Ans: You can categorize the Objectives of financial management into three main parts such as profit maximization, wealth maximization, and value maximization.

Q. What are the different types of financial management?

Ans: Financial management is categorized into three types - capital budget management, capital structure management, and working capital management.

Q. What are the functions of financial management? 

Ans: Functions of financial management essentially consist of operations such as procurement of funds and investing them in numerous assets owned by a corporation. It also includes balancing the inflow and outflow of funds.

Q. What is the responsibility of a financial manager in an organization?

Ans: There are major 5 responsibilities that a finance manager plays in an organization- forecasting financial requirements, formation of capital structure, taking investment decisions, effective management of cash, and financial control.

Q. What are the approaches to financial management?

Ans: The approaches of financial management are divided into two categories - the traditional approach and the modern approach. As there have been various modifications and innovations in the concept and scope of financial management.

Q. What is the difference between traditional and modern approaches of financial management?

Ans: The main difference between the traditional and modern approaches is that, unlike the traditional approach, the modern approach is a continuous activity in which the financial management makes various funding decisions related to the everyday concerns of an organization.

Q. What is the benefit of studying financial management?

Ans: There are various benefits of doing a financial management course online including financial planning, investing funds wisely, access to finance, tax planning, valuation of firms, tax planning, improved market understanding, reduced business cost, informed financial decisions, highlighted areas of growth, and capital reserves.

Q. Who all can apply for the Executive Development Program in Advanced Financial Management courses?

Ans: This course is most suitable for the finance professionals with ad rem work experience, as well as professionals who are managing online selling of their products and services.

Q. What are the advantages of the Executive Development Program in Advanced Financial Management course from XLRI Jamshedpur?

Ans: The top 5 advantages of pursuing an advanced financial management course from XLRI Jamshedpur are - multiple career opportunities, enhanced interpersonal skills, refined personality, higher salary packages, and career development.

Q. Why should I do an Advanced Financial Management course online from Talentedge?

Ans: There are multiple reasons to pursue an advanced financial management course online from Talentedge:

  • Convenient weekend schedules to benefit the working professionals
  • Live and interactive digital learning for better understanding
  • Practical learning to get the insights of the modules
  • Separate doubt clearing sessions
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