#corporatefinancecourse

Training, whatever the profession, is a necessary part of creating an efficient and skilled workforce. Certain skills are valued higher depending on where you are and what type of industry you’re in. This is especially true in the fast-moving and high-impact field of financial services.

Why are corporate finance courses crucial?

Finances are vital to any organization or entity. Therefore, the need for skilled workers and professionals is high. Training opportunities can have a major impact on your career and financial future. Corporate training programs will allow you to develop key skills that could make the difference between your success and failure.

Numerous corporate training programs available today can help you achieve your career and financial goals in the 21st century.

Whether your job requires you to take up a finance training course or you simply want to hone your skills, trust us, you will never go wrong by investing your money in it. This is because such courses not only help you learn more about financial management but assist you in overcoming improper cash flow and various other associated risks.

And don’t worry, even if you are a novice in the field, a good corporate finance course can help you comprehend even the complex terminologies and financial terms in the simplest way possible.

With that being said, now let’s dive into learning how taking a financial accounting course can prove a boon for you and your personal finances.

If you enjoy the thrills of trading and are fully aware of the risks involved, then treasury/ corporate finance course should be your choice of career.

This is the division where financial products such as equities, bonds, currencies and other exotic products (known as derivatives) are traded. These are financial instruments that imply a value to the holder. For example, an equity share implies an ownership in the company while a bond implies that you have given debt to the company.

Institutions that mainly deal in these markets are banks (such as HDFC Bank, ICICI Bank, Citibank, SBI etc.) and brokerage firms (such as India Infoline, Motilal Oswal, Anand Rathi etc.). These players are on the ‘sell side’ as they sell financial services.

You may be aware that if you wish to buy foreign currency for traveling abroad, you cannot buy the currency directly from the market.

You have to go through an authorised dealer of foreign exchange. Similarly, as an individual, if you wish to buy or sell stocks, you have to go through a broker who is authorised to deal in stocks.

Even corporates — exporters and importers — who need to sell or buy foreign currency, can do so only through an authorised dealer.

Other large players in these capital markets are Mutual Funds (such as Axis Mutual Fund, ICICI Pru, Templeton etc.) and insurance companies such as LIC. These players invest money collected from individuals into these capital markets. These participants are on the ‘buy side’ as they buy financial services from the ‘sell side’ participants.

  Roles & responsibilities in Treasury and Capital Markets:

The roles in these institutions can be broadly classified into Front office, Middle office, and Back office roles.

Traders and Salespeople are part of the front office. Traders are involved in evolving trading strategies and executing trades on their own behalf or for their clients. The former is called client trades and the latter, proprietary trades.

This involves quick decision- making skills and the temperament to withstand the ups and downs in the market — essentially the ability to bear losses. This is not for the faint-hearted.

The salespeople interact with clients and take orders from them. They also advise their clients on the trades to be undertaken based on market conditions.

For mutual funds and insurance products, the sales activity is outsourced to a group of distributors or sales agents.

The sales role requires good communication and customer interaction skills, and the ability to understand customer needs and their risk profile.

Research analysts and risk managers are part of the middle office. This is a great choice for Chartered Accountants.

Research analysts evaluate investment opportunities and provide input to the front office. This requires good analytical skills and the ability to interpret data and pay attention to detail.

 Risk managers must ensure that the front office does not exceed or violate the trading restrictions imposed on them. This could be in the form of loss limits or trading volume limits.

Limits are imposed after taking into account potential market scenarios and movements.

It involves a lot of statistics, mathematical modelling and simulations. Given the increasing focus of regulators on managing risk, online finance courses with certificates, this division is a key responsibility in an institution.

Finally, if you are in operations in the back office, you will be involved in the entire process after a stock, bond or currency transaction is done. This includes trade confirmations, payments, reconciliations etc.

This involves the ability to pay attention to detail, and a systematic approach to prevent any errors that may result in losses for the organisation. Again, a great place for Chartered Accountants.