A session on Financial Acumen | MOM Programme | Day-6 | MBA programs in Bangalore

Posted by Prof. Susmitha TP On 06/09/2022 06:16:54

The sixth day of the MOM Program featured a session on financial acumen led by Prof. Susmitha. In order to accurately assess the company's financial strength, she emphasised the value of reading quarterly financial statements and gave students instructions on how to do so. The main objective of the session was to get rid of fear among students who were afraid of numbers, playing with numbers, and working with the balance sheet in the finance and accounting classes. Additionally, we run the risk of making poor financial decisions. Developing Financial acumen skills is crucial for this reason. MBA Finance in Bangalore

Five-person teams made up of both commerce and non-commerce students were formed from the total students. The students were tasked with reading quarterly reports that had been published by various organizations and then effectively presenting the data. The first quarter of 2022 as well as a brief study of QoQ and YoY were given to the students to read and analyse. In their presentations, the students highlighted the responses to the following questions:

Is the business profitable enough?
Is the company making money?
Exactly what does the cash flow cycle entail?
Is the amount of money being made growing or shrinking?
How did the business obtain the assets?

Outcome:

Accounting terminology is understandable to students.
Facilitated comprehension of the significance of accounting and finance
Aided in the improvement of decision-making speed by teaching how to interpret financial statements.

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