UCLA PGPX 2023-24 Classroom 1: Managerial Accounting and Macroeconomics

In this module Prof. Ravi Jain will familiarize you with managerial accounting by focusing on the use of financial reports to evaluate corporate performance. It helps you use business information for planning and control purposes and builds on the learning and experience from the online course on financial accounting. You will learn about generally accepted accounting principles and concepts along with the preparation and analysis of financial statements.

Prof. Charan Singh will then take you through principles of macroeconomics, money supply and monetary policy, fiscal policy, etc. He will discuss topics of contextual importance to India and discuss the current economy as well as outlook for future.

Private

Faculty

Prof. Ravi Jain

Prof. Ravi Jain is an educator specializing in teaching executive education courses in finance and accounting offered by business schools and corporate clients. He teaches regularly in the National University of Singapore’s (NUS) Executive MBA Program and in executive programs offered by UC Berkeley and UCLA. He was a member of the NUS faculty from 2006 to 2021 and he has served as the Academic Director of the NUS MSc (Management) and CEMS Master’s in International Management (MIM) programmes. He has previously taught at the University of Southern California, Temple University, Indian School of Business, and Cheung Kong Graduate School of Business, and in executive programs for Accenture, Aditya Birla Group, Citibank India, Citibank Singapore, Life Insurance Corporation, McKinsey, National Thermal Power Corporation, NUS Business School, Oberoi Group, the Risk Management Institute at NUS, Standard Chartered Bank, UBS Global Asset Management, and UBS Wealth Management. He has also been a consultant on international financial markets for the United Nations Conference on Trade and Development (UNCTAD) in Geneva.

Prof. Jain has won several teaching awards at NUS multiple times including the university’s Annual Teaching Excellence Award, the business school’s Outstanding Educator Award, and the MBA Program’s Best Lecturer Award. He is a co-author (with Zvi Bodie, Alex Kane, and Alan J. Marcus) of Investments Asia Global Edition (published by McGraw Hill), a textbook on investments and portfolio management that is widely used in the top business schools in Asia. He has published papers in academic journals on topics such as dividend policy, ownership structure, closed-end fund discounts, market microstructure, reverse takeovers, and direct share purchases. He has a PhD in Finance from the University of California, Los Angeles (UCLA).

Dr. Charan Singh

Dr. Charan Singh earned his doctorate in Economics from the University of New South Wales, Sydney, Australia. He was a visiting scholar for more than a year each at Department of Economics, Harvard University and the Stanford Center for International Development, Stanford University. Earlier, he had studied from Jawaharlal Nehru University, New Delhi; Guru Nanak Dev University, Amritsar; and Delhi University.

Dr. Charan Singh is currently serving as the Non-Executive Chairman of Punjab & Sind Bank. He was full time visiting faculty and former RBI Chair Professor (Dec 2012 to Dec 2016) at the Indian Institute of Management Bangalore, India where he taught comparative monetary policy and policy issues in Indian economy.

Earlier, he was a Senior Economist at the Independent Evaluation Office of the International Monetary Fund, Washington DC from August 2009 to November 2012 and Research Director (Departments: Economic Policy, Debt Management) at the Reserve Bank of India (1997–2009).

He is now serving as Director on the Board of National Housing Bank, Delhi and NABARD Financial Services Ltd, Bangalore. He is also Member, Governing Board at Policy Foundation, New Delhi; Member of Research Advisory Committee, BIRD, National Bank for Agriculture and Rural Development; Honorary Fellow, SKOCH Development Foundation; and Member of the Informal Advisory Group on Housing Sector Issues, IMF, Washington DC.

Learning Objectives:

By the end of this module, you should be able to

Understand the three key financial statements and links between them.
Analyze financial statements and make projections.
Develop key financial ratios and metrics.
Use various financial metrics to evaluate the health of an organization.
Understand the differences between various industries with respect to financial ratios.
Understand the concepts of working capital management, full and differential cost accounting.
Understand the basics of macroeconomics.
Gain better understanding of concepts like GDP, money supply, monetary policy, fiscal policy, inflation, foreign reserves.
Understand the impact of events like de-monetization and economic crisis arising out of uncertain global events and how the economy bounces back from such events.

Classroom Approach

The sessions will be interactive and participants will be encouraged to ask questions. Hands-on exercises, examples and case studies will be used from a wide range of industries and markets. Extensive lecture slides will be provided for all topics in addition to the readings and case studies assigned. Participants must bring a laptop to the sessions.

Support

Please email [email protected] for any support required with respect to the program, course or platform.