The Oxford Advanced Finance Programme


Date and Venue

None - None
Nicon Luxury Hotel Abuja
None - None
CSS Farm Resort, Nasarawa State.
None - None
Dover Hotel, Ikeja, Lagos
None - None
Zaranda Hotel, Bauchi, Bauchi State




This course brings together two most of the most important areas of financial management: Understanding Finance to Influence Strategic Decisions, and Financial Analysis, Planning and Control.

It will help organizations to:

  • Think and manage strategically and plan more effectively for the future
  • Identify the role of financial management in strategic decision-making
  • Use the financial techniques of planning and control
  • Improve performance from the use of the tools of financial analysis


The course provides delegates with the knowledge required to find better answers to questions such as:

  • How are organizational strategies developed?
  • How does financial management support strategic development?
  • What is the exact nature and scope of the organizational problems to be analysed?
  • Which specific financial variables, relationships, and trends are likely to be helpful in analysing problems?
  • How reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions?
  • In economic and financial analysis what are the implications and relative importance of cash flow as distinct from accounting profit?
  • What limitations are inherent in financial data and the key financial statements, and how will these affect financial analysis?


Understanding Finance to Influence Strategic Decisions

Fundamentals of Strategic Planning

  • What is strategy?
  • Strategic management
  • Strategic analysis
    • Mission
    • Objectives
    • Strategic decision-making
  • The strategic planning process
    • Environmental analysis
    • Resources analysis
  • Strategic choice
  • Strategic implementation
  • Corporate objectives and accountability
  • Forecasting financial data

 Financial Statements

  • Financial statements
  • Balance sheet
  • Income statement
  • Alternative asset valuation methods
  • Cash flow statement
  • Common size (or horizontal) trend analysis of financial statements
  • Vertical trend analysis of financial statements
  • Segmental analysis of financial statements
  • Value added analysis of financial statements
  • Understanding the cash flow cycle and the operating cycle
  • Break-even and multiple product break-even analysis

Capital Structure and Leverage

  • Sources of funds
  • Capital cost models
  • Can we determine a organizational’s optimal capital structure?
  • Capital structure models
  • Preparing projections to determine financing needs

Capital Budgeting

  • Future values, present values and DCF
  • Capital budgeting principles
  • Methods of evaluating capital investment projects
  • Accounting rate of return (ARR) and payback
  • Net present value (NPV) versus internal rate of return (IRR)
  • How do you choose which method to use?
  • Equivalent annual cost (EAC) method
  • Capital budgeting methods
  • Capital asset pricing model (CAPM) versus arbitrage pricing theory (APT)
  • Does it make a difference whether we lease or buy?

Managing Financial Risks

  • The value of perfect information (VOPI)
  • Types of risk
  • Risk management principles
  • Talking to your bankers about managing risk
  • How to develop the tools for your establishment?
  • How to minimise risk?
  • Insurance and hedging
  • Interest rate and foreign currency exchange rate risk

    II.        Financial Analysis, Planning and Control

The Challenge of Financial/Economic Decision-making

  • The Practice of Financial/Economic Analysis
  • The Value Creating Company
  • A Dynamic Perspective of Business
  • The Nature of Financial Statements
  • The Context of Financial Analysis

Projection of Financial Requirements

  • Interrelationship of Financial Projections
  • Operating Budgets
  • Standard Costing and Variance Analysis
  • Cash Forecasts/Budgets
  • Sensitivity Analysis
  • Dynamics and Growth of the Business System
  • Operating Leverage
  • Financial Growth Plans
  • Financial Modelling

Analysis of Investment Decisions

  • Applying Time-Adjusted Measures
  • Strategic Perspective
  • Economic Value Added (EVA) and Net Present Value (NPV)
  • Refinements of Investment Analysis
  • Equivalent Annual Cost (EAC)
  • Modified Internal Rate of Return (MIRR)
  • Dealing with Risk and Changing Circumstances