Finance Outlook India’s Post

📚 For today's busy manager, entrepreneur, or aspiring business leader 📚 🔥 " Essentials Of Finance And Accounting For Nonfinancial Managers " - to guide step-by-step through everyday workplace situations. 🔥 🚀 𝗪𝗵𝘆 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝗧𝗵𝗶𝘀 𝗕𝗼𝗼𝗸? 🚀 It provides a solid working knowledge of: ✅ Basic Financial Reports—All about balance sheets, income statements, cash flow statements, and more ✅ Cost Accounting—Methods to assess which products or services are most profitable to your firm. ✅Operational Planning and Budgeting—Ways to use financial knowledge to strengthen your company, 📌 𝗪𝗵𝗮𝘁 𝘆𝗼𝘂'𝗹𝗹 𝗚𝗲𝘁 📌 💡 Practical frameworks and tools to become a strategic powerhouse. 💼 Reference guide for a company’s decision-making, financial, and overall management processes. 🔍 Invaluable advice from a seasoned finance professor and advisor. 📚 The ultimate guide to transforming your career and company. 🎯 Don't miss out on this opportunity! 🎯 🔔 Secure Your Copy Now 🔔:   Buy from 𝗔𝗺𝗮𝘇𝗼𝗻 👇 https://lnkd.in/dExFPCJz Buy from 𝗙𝗹𝗶𝗽𝗸𝗮𝗿𝘁 👇 https://lnkd.in/d2btZ9Uu CA, Shankar Kumar Jha # One Mobility Group

If ICAI want to improve Work-Life Balance of Chartered accountants they should work with MCA, MoF and CLB and agree that no company should submit their audited Financial Statements before 90 days of the end of Fiscal Year. There should be penalties for early filing. Adjust rest of the timelines dependent of audited financial statements. Prescribe standard templates for Annual reports any deviation in font or a letter should attract penalties. Stop so many CFO awards ( sponsored, self-sponsored or genuine). Have only one to be issued by MCA and ICAI jointly Every CFO is in this rat race of closing books on day 0, filing annual returns like superman/woman, chasing the CFO awards offered by 100s of association. There are so many CFO awards if you nominate yourself you will get one.(This statement is masala 😜) For these accolades they are burning out their teams…

It has been my experience that in Finance we tend to be ruled by the urgent. Our schedules are packed with either regular deadlines or things we’re told need to be done now... or else something bad will happen... The trouble is that forces out the important things we know deep down we should be doing. Here’s an article that describes - how we can do more of the important things that aren’t urgent, - why we frequently fail to prioritise the important, and - why Finance leaders and Finance business partners should pay particular attention to this Any other techniques you find helpful? https://lnkd.in/gUZRkbR #finance #financebusinesspartner #financemaster #financebusinesspartnering #financeskills #leadershipskills #cfo #chieffinancialofficer #financedirector

From strategy to sustainability, CFOs in small businesses face many challenges and opportunities. So, what makes the perfect SME CFO? – https://lnkd.in/dBp2nMVh #ACCA #ACCACareers #financejobs #financeandaccounting #financecareers #accountingjobs #accountingandfinance #accountants #accountancy #accajobs #SME #CFO #smallbusiness

It has been my experience that in Finance we tend to be ruled by the urgent. Our schedules are packed with either regular deadlines or things we’re told need to be done now... or else something bad will happen... The trouble is that forces out the important things we know deep down we should be doing. Here’s an article that describes - how we can do more of the important things that aren’t urgent, - why we frequently fail to prioritise the important, and - why Finance leaders and Finance business partners should pay particular attention to this Any other techniques you find helpful? https://lnkd.in/gvmPkhV #finance #financebusinesspartner #financemaster #financebusinesspartnering #financeskills #leadershipskills #cfo #chieffinancialofficer #financedirector

Top 10 tips to help finance leaders maintain motivation amid continuous change – https://lnkd.in/dG_mqKyT #ACCA #ACCACareers #financejobs #financeandaccounting #financecareers #accountingjobs #accountingandfinance #accountants #accountancy #accajobs #changefatigue #changemanagement

In my opinion, all non-finance managers should build some finance skills too. Here's why and how they can get started: #FinanceWrap #LIPostingChallengeIndia #LinkedInNewsIndia #linkedinnewsindia 💰 First, internalize that companies across the board need to grow profitability for stakeholders. Hence its vital to know the company's broad macro numbers like: 📈 Growth in market share 📈 Growth in Sales, profitability 📈 % reduction in long term/ short term debt (quarter on quarter, year on year) Company budget plans for 💲 Infrastructure 💲 Technology 💲 Research 💲 People.   💱 Foreign currency movement is a key factor for export-oriented companies.   This may sound complex! But I assure you they are simple numbers that show: 🚀 how the company is growing 🚀 whether or not it is saddled with debt/inventory and 🚀 what are its key focus areas short/long term.   This is very simply explained in lay man terms- during the company’s quarterly earnings meet and the annual shareholders meet.   Try to read the summary in the annual/quarterly reports before attending, to get a sense of what's to come. Don't worry about the jargon   Now, Optimize your unit to be a profitable unit and contribute holistically to the company.   What a team does or does not - adds or deletes to companies’ bottom-line.   Keep your unit sharp, cut down wasteful expenditure with:   ✂ Lean optimized teams Don’t over recruit- use your resources judiciously. Calculate how much additional revenue a new resource could bring in and only then ask for an allocation.   ✂ Three Rs for Assets Reduce, Recycle, Reuse: Good for sustainability, great for costs. Opt for a paper free, plastic free workplace. Take care of expensive fixed assets and try and refurbish/reuse wherever possible.   ✂ Optimize Travel Keep team travel plans purposeful and optimized. Plan much in advance, tie up with hotels for exclusive discounts.   ✂ Lean Sales/ Marketing promotions Keep promotions, marketing costs optimized. Every event sponsored must be analyzed from the angle of R.O.I (Return on Investment). Never get carried away by expensive crowded publicity events with low R.O.I. Never over discount just to acquire the customer.   ✂ Tight Inventory /distributor management: Bucket your SKUs as per their aging. Analyze what works and what doesn’t. Stock SKUs at minimum level with an agile replenishment plan. Negotiate beneficial payment terms. A lengthy credit period to distributors can accumulate debtors, expose to default risks and impact the company’s working capital.   ✂ Negotiate Vendor management: Most vendors are prepared to discount heavily to get their foot in the door of a corporate relationship. It’s a win-win for both as the vendor gets a quality badge that opens other doors for him. Leverage this fact to advantage coupled with research. Negotiate for a credit period   ✂ Budgeting Plan monthly spends against annual budgets. Keep room for unforeseen events and expenses. Review/improve

Spending or Strategic Investment? 🤔 - 💰 Vs. 💼 JUST LIKE A HEALTH CHECK FOR YOUR BODY, YOUR FINANCES NEED HEALTH CHECK TOO!! ⚠️Problem ⚠️ ⚠️INCREASE IN INDIRECT EXPENSES #indirectexpenses! •Increase in #interest Costs, •Ineffective Selling/ #Marketing Cost etc. ⚠️INCOMPARABLE FINANCIAL STATEMENTS •Issues in Comparison of certain ledgers comparison •Incomparable expenses ledgers due to mistakes in grouping and classification ⚠️WE ARE ALWAYS FACING CASH FLOW ISSUES •Non-Tracking of Overdue #TradeReceivables. •Non-Monitoring of various liquidity ratios leading to cash crunch #cashcrunch •Non-Moving Closing Stock leading to blockage of working capital & mismanagement of inventory ⚠️My sales volume growth is tremendous, but profit growth is flat. •Low contribution of High Margin Products/services sales in total sales ⚠️Non-Compliances and penalties/Interest leading to financial loss. •Interest on late payment of TDS/GST •Late submission fees for TDS Returns/GST Returns •Interest Cost due to missing advance tax instalments Many more issues……⚠️⚠️⚠️⚠️⚠️ Confusion hi confusion hai solution kuchh pata nahi.. Solution jo mila to sala question kya tha pata nahi..!!! 💡SOLUTION 💡 💡CLOSE THE GAP •Identification Of Issues Prevailing in the Current Business Through Periodic Review. 💡COST SAVINGS •A periodic health check can identify various low performing/nonperforming KPIs thereby forming strategies to improve them to reduce effective costs and maximize profit. 💡Mentor, coach & friend. •A reviewer can become a mentor to provide financial guidance thereby fostering growth •A reviewer can also enhance financial literacy amongst the business owners thereby guiding them to avoid potential financial risks. #healthcheck #financialcheck #fianncialgoal #accountingcheck #accountreview #receivablesmanagement #costmanagement #costaccountant #costaccounting #mentorship #savingsgoals #investment #investinginsights #financialanalysis #linkedinlearning #linkedinfinance #ca #accountant #accountancy #virtualbookkeeping #virtualcfo #virtualbookkeeper #reviewers #reviewer #comparison #cashflowanalysis #cashflowmanagement #msme #msmeindia #workingcapital #tds #gst #compliancemanagement #accounting #businessaccounting #businessadvisory #planningforsuccess #businessgrowth #startupindia #virtualcfo #virtualaccountant #financialempowerment #linkedin

As a Chartered Accountant, I've had the privilege of delving deep into the intricate world of finance. Through years of experience, I've come to appreciate the vital role financial literacy plays in driving business success. In today's dynamic landscape, staying ahead requires more than just crunching numbers; it demands a holistic understanding of financial principles and their implications. Whether it's navigating regulatory changes, optimizing financial structures, or enhancing transparency, the expertise of a seasoned Chartered Accountant can be the compass guiding businesses through uncertain waters. In an ever-evolving financial ecosystem, knowledge is power. That's why I'm excited to share insights, tips, and industry updates here on LinkedIn. Let's embark on this journey together, empowering businesses to thrive amidst complexity. CA Sriranga Rayudu K Kanumuri & Co Chartered Accountants #Finance #Audit #CharteredAccountant #FinancialLiteracy #BusinessGrowth #StrategicPartnership

Today, I had an eye-opening conversation 😂with a professional Bariduanen Ledilo Him: I am confident that you will inspire greater achievements in the finance profession. Me: I only have interest in auditing, accounting, and taxation. Him: They are all part of finance. Me: Hmmm. In my school, accounting stands alone; we have banking and finance separately. Him:However, that is school. In real life, finance encompasses accounting, audit, forecasting, reporting, management, etc. Me:Wow. Finance is often considered higher in terms of career potential and salary prospects. Finance professionals typically deal with broader aspects such as investment management, corporate finance, and financial strategy, which can lead to higher-paying roles and more significant decision-making positions. A Chief Financial Officer (CFO) is higher. A CFO is an executive position responsible for managing the financial actions of a company, whereas a Certified Public Accountant (CPA) is a professional designation for accountants who have passed the CPA exam and met other certification requirements. While a CPA designation can be a step toward becoming a CFO, the CFO role holds more authority and responsibility within an organization. Thank you Bariduanen Ledilo 🙏🏻🙇 #finance #accounting #auditing #taxation #careerdevelopment #careeradvice #professionalgrowth #CFO #CPA