As we enter
the 21st Century with new hopes and new expectations, it is imperative
that we appreciate the world around us is changing rapidly, throwing
open great challenges and innumerable opportunities. Driven by the growing
trend of globalization, the revolutionary developments in Information
Technology and the emergence of E-Business, the world of business is
witnessing far reaching changes. Finance which is at the heart of any
business is to be well understood by all managers so that the organization
achieves its major goal, namely to maximize share holders' wealth.
Corporate finance is changing from domestic funding to multi-currency
funding. Financial Control is changing from simple accounting to integrated
control systems based on Enterprise Resource Planning. International
finance is dominated by virtual funds at the disposal of forex dealers
who move billions of dollars daily across the globe with the extensive
use of information and communications technology. Investment management
is shifting from simple equity or debt products to complex derivative
products like options, futures and swaps. Financial services like banking
and insurance are getting geared up for virtual delivery in a seamless
In the context of these sweeping changes, the Institute of Chartered
Financial Analysts of India has designed the Diploma in Business Finance
(DBF) Program keeping in mind the needs of engineers, IT Professionals,
non-financial executives, other working executives and consultants to
equip them with a basis understanding in finance, accounting and control.
The DBF Program is based on contemporary theory and practice and provides
a strong conceptual foundation in these areas. With its trust on imparting
knowledge and skills, the DBF Program will be eminently suitable for
professionals aspiring to improve their career prospects. However, the
pursuit of the DBF Program demands intellectual maturity, strength of
purpose and willingness to work hard. For those endowed with inquisitive
minds and the drive succeed, the DBF Program would be a voyage of discovery.
The DBF Program has been developed in the context of the increasing
strategic focus placed on finance and the need for Engineers, IT Professionals
and other Non-Financial Executives to get good feel of this vital area.
Program is designed in such a way, that it introduces the basic concepts
and gradually builds up the knowledge and skills in all the vital areas
of finance, accounting and control so as to help the candidate develop
a strong understanding about the concepts. Following are some of the
important advantages derived by the candidates who enroll into the DBF
Program incorporates the latest knowledge in business finance. It offers
insights into the contemporary developments in all areas of finance,
accounting and control.
Program focuses on 6 vital areas of Business Finance viz., Financial
Accounting, Management Accounting, Financial Management, Economics,
Quantitative Methods and Economic Legislation. This curriculum would
enable the candidates acquire a thorough grasp of these areas with a
practical orientation towards application of the knowledge in the business
DBF Program is offered on a distance learning mode through self-study,
it can be conveniently pursued by working executives at their own pace
without disturbing their regular work schedules.
excellent course material comprising of textbooks and workbooks. They
are reviewed and updated every year in tune with the changing economic
and business environment. The Chartered Financial Analyst Magazine is
provided as a continuous learning input to the candidates to keep themselves
updated with the latest developments.
Program follows a unique integrated learning approach consisting of
self-study, self-evaluation exercises, and examinations. This approach
helps the candidates acquire good insights and practical application
feature of the DBF Program is the thrust placed on skill development
of the candidates through a well structured and integrated education
methodology and the unique examination system.
are held four times a year (January, April, July and October). There
are 31 Examination Centers all over India. This will give the candidates
flexibility to appear for examination as per their convenience. A unique
walk-in registration facility is also available.
for Career Progression
Program is specially designed to equip the candidates develop a strong
understanding in the core areas of finance, accounting and control which
will help them immensely in career progression and mobility.
Advantages for Engineers, IT Professionals and Non-Financial Executives
DBF Program has been uniquely designed to familiarize Engineers, IT
Professionals and Non-Financial Executives with six vital areas of business
finance viz., Financial Accounting, Management Accounting, Financial
Management, Economics, Quantitative Methods and Economic Legislation.
The DBF Program will give a good understanding in the core areas of
finance, accounting and control and help you immensely in the career
progression and mobility.
for Engineers : Engineers are traditionally more involved in the
manufacturing and operational aspects of business. However, in their
day-to-day operations, they will also have to interact with finance
and accounting professionals. Further, as they move up in their career,
they will have more and more managerial responsibilities which will
demand increasing interface with finance and accounting experts. Therefore,
it is very important that engineers should have good understanding of
various areas of finance, accounting and control. The DBF Program will
provide new perspectives for engineers to understand business as a whole
and relate their operational aspects to the needs of the organization.
With the in-depth understanding gained in finance, accounting and control
through the DBF Program, engineers will be able to appreciate much better
the need for an integrated approach for managing a successful business.
for IT Professionals : In today's IT-driven business environment,
all functional areas of business have strong IT orientation. With the
advent of Enterprise Resource Planning (ERP) Packages and integrated
resource management technology including supply chain management, and
the massive growth of E-Business, IT professionals are required to gain
in-depth knowledge in finance, accounting and control functions to become
effective solution providers. The DBF Program will give you in-depth
knowledge in finance, accounting and control so that IT professionals
like you can work more comfortably with domain experts in finance.
for Non-Financial Executives : Finance constitutes the lifeblood
of any business. Most of the managerial decisions do have financial
implications. Entering into new markets, launching new products, setting
up of a new manufacturing base, acquiring another business, expanding
the existing business operations and running the day-to-day activities
require decisions which have strong financial implications, both on
a short-term and long-term basis. Business organizations need to generate
adequate profits to sustain their operations and achieve growth. Hence,
most of the organizations are driven by the bottom line. Consequently,
understanding the basic concepts and practices related to finance, accounting
and control is quite important for all general managers and functional
managers. After going through the DBF Program and acquiring an in-depth
knowledge in finance, accounting and control, a functional manager can
become a much better general manager with clarity of the goals of business
to make profit in the competitive world.