KSOM Conducts Open MDP on “Finance for Non-Finance Executives”


The professionals from functional areas of business such as human resources, marketing, sales, production and research and development should have extensive working knowledge of finance. The knowledge of finance enables them to understand the financial statements better and take critical business decisions. The business executives are constantly involved in cost-saving, budget preparation, new product development, capacity utilization and strategy formulation related decisions, where finance is a significant and essential component.

In order to bridge this gap of the non-finance business executives, School of Management organized a two-day virtual open management development program on the theme “Finance for Non- Finance Executives” during December 17-18, 2021. The programme was conducted by Dr. K. K. Ray, Professor of Finance and Dr. Shikta Singh, Associate Professor of Finance, School of Management. The participants of this virtual MDP comprised the executives from NALCO and Luminous Infoways Pvt. Ltd.         

Speaking at the inaugural session, Dr. S. K. Mahapatra, Director, KSOM emphasized that each executive, irrespective of their background, should develop skills to understand and interpret the item of the company’s financial statement. He advised the participants to identify the critical financial terms and realize their role in achieving the bottom line of business. Dr. S. N. Misra, Dean set the context of the MDP and narrated the basic purpose of this programme.

Welcoming the participants, Dr. K. K. Ray mentioned the significance of the programme and elaborated the topics to be covered during the two-day deliberations. The participants from NALCO and Luminous Infoways also introduced themselves and mentioned their expectations from the programme. Dr. Shikta Singh proposed the vote of thanks at the inauguration session.             

Two sessions on ‘Why finance matters?’ and ‘Bahavioural Finance and its Linkage with the Investment Decision Making’ were taken by Dr. K. K. Ray and Dr. Shikta Singh respectively on the first day.

The second day of the MDP had four sessions conducted by Dr. K. K. Ray, Dr. Shikta Singh and Dr. Nikhil Srivantava, Associate Professor, KSOM. Dr. Ray explained the puzzle between debt and equity financing and elaborated on the significance of working capital management and critical indicators including ratios for business performance analysis. Dr. Nikhi Srivastava conducted a session on investment analysis and elaborated the techniques undertaken to evaluate the capex plans of business. At the concluding session, Dr. Shikta Singh detailed the participants about some advanced behavioural finance indicators that are used for better business decision making.

The participants expressed their satisfaction and appreciated the topics covered during the programme. They thanked the efforts put by faculty members in explaining the finance jargon and suggested a long-term association with KSOM. Dr. S. N. Misra and Dr. Ashok Sar addressed the participants at the valedictory session.   

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