The management development programme on ‘Financial Modeling Using Excel’, organized by IIM Raipur at its campus from Mar.’06-08, 2014 ends today. Prof. B.S. Sahay, Director, IIM Raipur was the chief guest of the inaugural ceremony and in his inaugural address; he talked about the increasing demand of MDP’s for working executives. He stressed upon the need and importance of using computers in decision making.
The objective of the three days’ programme (Mar.’06-08, 2014) was to facilitate the users to analyze their financial data on complex problems using Microsoft Excel. It was designed for managers, senior executives and administrators to improve their financial skills in order to make critical investment and financial decisions.
The participants included corporate executives from different organizations and academicians from reputed institutes like IIT Kanpur, Chhattisgarh Electricity State Transmission (CEST), Bansal Industries, Housing and Urban Development Corporation Limited (HUDCO) etc. The program benefited the participants by providing them with the core concepts of financial modeling, enhances their hands-on experience with excel, focuses on building spreadsheet modeling skills and explains various financial applications.
The pedagogy was a combination of interactive discussions based on class exercises, real time applications and was spread across the conceptual as well as the practical aspects of financial modeling. The broad topics covered during the program included excel basics and data analysis using excel, forecasting of financial statements like profit and loss statements, balance sheets, cash flow statements, risk management including risk measures using standard deviation and beta and volatility measures using ARCH and GARCH models, capital budgeting and other related contemporary issues.
The sessions were taken by eminent faculty members of IIM Raipur which include Prof. S.K Mitra, Prof. Kannadhasan, Prof.K.K.Ray, Prof.Parikshit Charan and Prof. Venkata Vijay Kumar P.