Indirect taxes such as Excise, Customs and Sales Tax not only get added to the cost, but also require managerial choices of arrangements with suppliers, subcontractors and channel partners.  These need inputs from Finance professionals, who therefore must possess an intelligent understanding of the intricacies involved.

The Indian financial system is increasingly getting integrated into the Global system and thus the financial services industry globalises at a fast pace.  The course would have elementary exposure to marketing of financial services.

Important business decisions concern how much to produce, what to price it at and how to control costs.  Historical accounting data proves inadequate to deal with dynamic situations.  Hence different techniques of processing information for management decisions evolved and have been referred to as Management Accounting.

With globalisation, the Finance and banking system is getting more and more integrated with the rest of the world.  This is bringing in a variety of means of finance for both short and long term applications.  The Finance function has to gear up to make innovative use of these developments for the stability and growth of business.

With restructuring of corporations, the financial structure has undergone rapid changes.  Designing and evolving a financial structure has acquired a strategic significance for the survival and growth of a business. New and innovative ways are constantly being introduced in our economy.  A student of finance needs to be aware of the implications of these developments.

In the era of mergers, acquisitions, joint ventures, strategic alliances,  the Finance professional is called upon to give her evaluation of the financial strengths of potential partners.  This calls for analysis of financial statements of a company under consideration.  Hence this subject has been introduced in the programme.

The part-time course aims at linking theory and practice through practical work of the participants.  When you work on a practical problem, you have to interact with people and explain to them what you are trying to accomplish.  In the process, your understanding becomes sharper.  You have to collect data from basic documents, which makes you appreciate the importance of routine functions.  When you form a judgement about the real situation, you begin to appreciate the power of concepts.  These are the reasons for including the Project Report as a part of your course.