Basic Course on Financial Intelligence
Financial intelligence is required in all fields of the business. Most decisions taken by various managers/executives are in fact financial decisions. Sales manager should have awareness about the financials so that she can make decisions about discounts, credit terms etc. A decision as to the levels of stock to be maintained by the stores manager is a financial decision. Marketing manager should know about the product profitability to decide about the marketing campaigns. An HR decision as to the kind of people to recruit as per
the business priorities is also a financial decision.
So what is financial intelligence ?
Financial intelligence for business is understanding of how financial success is measured and how they have an impact on the company’s performance. For example we need to know the difference between profit and cash. Need to know why the balance sheet balances. The numbers neither scare nor mystify us.
Do you know that one of the major reasons of failure of the organization is
lack of financial intelligence ?
It may sound strange but probability that a company listed in Fortune 100 in 1960 is still listed is just 17%. Greater financial intelligence, we’ve learned, helps people feel more involved and committed. They understand better what they are a part of, What the organization is trying to achieve, and how they affect results. Trust increases, turnover decreases, and financial results improve.
Who this course is for:
- Business Finance students or Non Finance Students who wants to enhance their knowledge about the subject.
- 04:14Overview of the course
Rahul Jain is Director of Bizwiz learning which provides solutions to enhance the success of individuals and organizations. He is also Director and Licensee, LMI India. LMI is leadership management international which is world’s largest leadership development company.
He’s a thought leader on leadership, corporate finance , business Simulations and venture Planning. He is a Mentor to IIM Ahmedabad CIIE, authored multiple eBooks and passionate about equity research and spiritualism. He is also managing a NGO known as Sundeep Welfare Trust which is active in the areas of health care and human welfare and director in Sundeep Knitwear Industries Ltd. Rahul Jain is an MBA from MDI Gurgaon, OHBE from Laureate US University and is a Fellow Company secretary. He has been key note speaker/presenter at various national and international conferences/seminars. He has consulted and mentored start ups, companies and individuals, colleges on business planning, company analysis, industry analysis, market research and intelligence and on various strategic issues.
1) President of BNI, Elites Chapter Delhi Central Region- Transformed the chapter from 269 rank to One of the Top chapters (no. 2) in India in October 2017 and has won many recognitions.
2) Mentor to IIM Ahmedabad-CIIE.
3) Awarded by LMI India in 2017
4) Life member of AIMA, NHRDN, JITO
5) Member of TIE, JIIF- JAN, BNI, MYM.
6) Holds copyright as an author of program EPFP and many other programs.
7) Executive Working committee member of JITO North Delhi and JBN, Convener.