Description

COURSE OBJECTIVES

By the end of this  training course, participants will be able to:

• Understand and evaluate corporate financial reports
• Determine sources of capital, and capital structure
• Identify and appraise wealth-generating investments
• Recognise, quantify, and control financial risk
• Apply principles of good corporate governance

TARGET PARTICIPANTS

This training course is suitable to a wide range of professionals but will greatly benefit:

• Professionals who wish to improve their finance knowledge and skills
• Members of the operational management team
• Professional who have influence over operational or strategic decisions
• Consultants who provide advice on operations or strategy
• Managers who have responsibility for the management of risk

COURSE CONTENT

Day One: Finance and Financial Information

• Finance & Accounting
• Developing a Strategic Financial Plan
• Financial Information: Internal & External
• Evaluating Financial Performance to improve Liquidity, Profitability & Efficiency
• Working Capital Management
• Cash Flow Statements and Calculating Free Cash Flow

Day Two: Financing the Business and the Cost of Capital

• Sources of Long Term & Short Term Finance
• The Optimum Capital Structure – Equity or Debt?
• Calculating the Cost of Equity and Meeting Shareholder Expectations
• Calculating the Cost of Debt – Fixed or Floating Rate
• The Weighted Average Cost of Capital (WACC)
• The Capital Asset Pricing Model (CAPM)

Day Three:  - Analysis of Investment Decisions

• Strategic Issues facing Organisations Today
• Preparing Project Cash Flow Forecasts in Excel
• Capital Investment Appraisal Techniques: Accounting Rate of Return (ARR) and Payback
• Discounted Cash Flow Appraisal Techniques: NPV and IRR
• Capital Rationing and the Profitability Index (PI)
• Dealing with Risk in Investment Appraisal - RAROC

Day Four: Financial Risk Management

• Risk and Uncertainty in Business
• Identifying & Measuring Financial Risk
• How to Manage Risk – The Four Ts
• Managing Exchange Rate Risk
• Managing Commodity Price Risk
• Managing Interest Rate Risk

Day Five: Corporate Governance

• Recognising the needs of stakeholders
• The Role and Scope of Corporate Governance
• Agency Theory: The Role of Directors & Shareholders
• The Role of External & Internal Auditors
• The Role of the Audit Committee
• Emerging trends in Corporate Governance