Module 1: Understanding Financial Statements: In this session, Dr. Lamba introduces the P/L A/c and B/S, explains how to make these statements with the help of a three-minute formula, demystifies the two dreaded words, Debit and Credit, that create confusion in the minds of many and discusses the similarity and distinction between terms like Expenses, Assets, Incomes, and Liabilities.
Module 2: What is Profit: Every business is run with the objective of making a profit. However, the term itself is often misconstrued.
In this session Dr. Lamba explains the 'concept of profit', and takes a philosophical look at the role of 'Expenses' and the part played by 'Inventory' in arriving at, and sometimes manipulating, profit.
Lamcon Finance and Management Services Pvt Ltd was established in 1990 to provide myriad services in the field of finance, company law, taxation and related areas. Training has always been an important activity and Lamcon has been at the forefront of creating original educational content and delivering world-class financial education,...