The Financial Excellence Program

Course Code: FA24

►Course Objective

 

  • Acquire an understanding of the fundamentals of the successful management of corporate financial performance, from the development of strategy through planning and budgeting to performance monitoring and control
  • Develop practical experience of the workings of a best practice financial performance management model, and of how to improve corporate financial performance in real-life
  • Gain the insights required to win in the global marketplace, for example relating to:
  • Interpreting financial statements
  • Evaluating financial performance
  • Financial forecasting
  • The financing decision
  • Determining the cost of capital
  • Evaluating investment opportunities
  • Managing risk
  • Raise financial skills

 

►Target Audience

 

  • General Management
  • Sales and Marketing
  • Estimating and Costing
  • Operations
  • Engineering
  • Project Management
  • Procurement
  • Logistics
  • Asset Management
  • Human Resources
  • And any other financial and non-financial professionals that need or wish to understand the financial aspects of the strategic decision-making process.

 

►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
  • Establishing a Risk Management Strategy
  • Financial Risk Management & Hedging Techniques
  • Managing Exchange Rate & Interest Rate Risk
  • Derivatives-Forwards, Futures, Options & Swaps
  • Risk Management Glossary of Terms


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Date & Location

Date : 20 January 2019

Duration : 5 days

Place : Kuala Lumpur

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Date : 14 July 2019

Duration : 5 days

Place : Istanbul

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Date : 20 October 2019

Duration : 5 days

Place : Madrid

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