ICT/Computing Skills
Pillai Institute of Management Studies and Research organized seven Sessions on Financial Modeling for first year finance students. The resource person for this session was Dr. Aditya Sontakke. He conducted seven sessions of one hour each between March and April last year. He informed students about a financial model which is the summary of a company’s performance based on certain variables that helps the business forecast future financial performance. These are commonly used to estimate the outcome of a specific financial decision before the company commits any funds or efforts towards it. The importance of financial modeling is mainly rooted in its capability to enable better financial decisions within a firm. By simulating the impact of important variables, financial modeling allows for scenario preparation so that the organization knows its course of action in various situations that may arise.
