Financial Reporting and Corporate Governance (Batch 5)

A good understanding of financial statements is important for making business decisions. A proper analysis of financial statements can provide meaningful insights into a company’s financial performance and position. In addition, it is also critical to disseminate financial information to external stakeholders in a transparent way. Thus, the programme aims at providing basic knowledge in financial accounting, financial statement analysis and corporate governance.

1. Financial Reporting and Analysis

a. Understanding of financial statements

b. Analysis of cost information

c. Analyzing financial statements in manufacturing and service industries

d. Ratio analysis

e. Comparative and common-size analysis

2. Detection of Fraud and Earnings Manipulation

a. Earnings manipulation: Causes and consequences

b. Fraud detection models

3. Corporate Governance

a. Governance mechanisms

b. Role of a board of directors

c. Board functioning and culture

d. Executive compensation

e. Gender diversity on board

f. Family ownership and control

g. Sustainability

The programme focuses on financial accounting, financial statement analysis and corporate governance. To start with, the programme will cover the financial reporting framework; mechanics related to preparation of balance sheet, income statement and cash flow statement, which will be followed by tools and techniques of financial statement analysis. The programme will also acquaint participants with issues related to fraud, earnings manipulation and corporate governance.

IIMA Alumni Status: Participants who are attending short-duration Executive Education Programmes for the first time, on or after April 1, 2012, will have to attend for a total of 21 days in one or more programmes in order to be eligible for alumni status and alumni identity card, both of which will be awarded on the payment of a one-time alumni fee of INR 10,000/- + GST.

The pedagogy will be highly interactive. It will leverage use of technology.

1. Lectures

2. Case discussions

3. Exercises

4. Presentations

5. Role plays

(Mix of pedagogies including case sessions, lectures, exercises, presentations, role plays etc.)

The candidates should be graduates/postgraduates in any discipline with 50% or more marks and minimum 2 - 3 years of work experience. Executives in junior and middle management, and entrepreneurs are welcome. Participants would be selected on the basis of assessment of their work experience, academic background and motivation to do the programme as demonstrated in the application form.