Develop effective corporate financial plans aimed at maximising return and minimising risk
Evaluate the various methods of finance and make successful capital investment decisions
Prepare, manage and control budgets to support the corporate financial plans
Identify and manage financial risk effectively
Measure and manage performance effectively
Create opportunities for your personal development and increased financial awareness
►Target Audience
Non-financial and financial personnel
Managers and those with financial responsibilities
Financial decision-makers, whose techniques of decision-making and analysis will be improved through attendance
Professionals acting upon the financial decisions of others, who will gain an appreciation for decision-making thereby ensuring shared values within the organisation
Analysts whose role involves evaluating and identifying market and competitive trends
Junior managers involved in risk managements
Managers involved in planning and decision-making
Financial planner
►Course Outline
Day 1:
Corporate Financial Planning
Strategic Planning
The Objective of the Firm – meeting Shareholder & Stakeholder Objectives
Agency Theory – the relationship between Shareholders & Management
Creative Accounting and the Case of Enron
Financial Management & Financial Planning – the Scope, Role & Responsibilities of Financial Management
Preparing a Financial Plan – the Master Budget
Forecasting Future Cash-flows and Financial Modelling
Time Series Analysis, Correlation & Regression
DAY 2
Financing the Plan
Sources of Finance – Long Term & Short Term
Evaluation of the Types of Finance – Equity vs. Debt Finance
Hybrid Finance & Financial Engineering
The Dividend Decision
The Cost of Capital and Weighted Average Cost of Capital (WACC)
Capital Asset Pricing Model (CAPM)
Accounting Rate of Return (ARR)
Net Present Value (NPV), Internal Rate of Return (IRR) Capital Rationing & Payback
DAY 3
Preparing & Managing Budgets to Support the Financial Plans
Definition of Budgets, the Budgetary Process and Budgetary Control
Types of Budgets-Fixed, Flexible, Incremental and Zero Based
The Purpose/Benefits & Problems/Limitations of Budgets
Setting/Implementing Effective Budgets – Eliminating the Problems
Responsibility Accounting and Absorption Costing
Activity-Based Budgeting/Costing (ABB, ABC)
Variance Analysis, Cost Behaviour, Break Even Analysis & Sensitivity/What If Analysis
What-If Analysis combined with Du-Pont Analysis
DAY 4
Managing and Controlling Cash Flow to Support the Financial Plan
Cash vs. Profit & The Cash Conversion Cycle
Calculating and Managing the Cash flow Cycle
Cash Flow Ratios
Working Capital
The Cost of Maintaining Working Capital
Maintaining the Optimum level of Working Capital
Working Investment Ratios
Preparing a Monthly Cash Flow Forecast
DAY 5
Managing Financial Risk
Risk Management & Types of Risk
Identifying Risk – SWOT Analysis
The Major Quantitative & Qualitative Risks Facing Companies