Course details

Overview ?

The Course

Finance and Capital along with Management and Staff are the lifeblood of any business.

This programme focuses on the advanced skills necessary for making sound financial decisions in an increasingly competitive, volatile and global market. Skills and decisions which will enable your company to remain competitive, minimise costs, maximise revenues and also reduce/control risk.

The programme therefore focuses on the key areas and skills required:

Financial Planning and Control:– devising and controlling financial plans fit for the future
Corporate Finance and Financial Engineering:– how to finance the business
The Cost of Capital and Capital Investment Appraisal:– calculating and controlling the cost of capital using WACC and CAPM and maximising the Return on Capital and minimising risk by evaluating potential projects using the latest techniques
Financial Analysis:- evaluate financial data in order to:
- Assess past performance
- Identify business Strengths, Weaknesses, Opportunities and Threats
- Improve Decision Making
- Implement and Evaluate Performance Measures
- Aid the Strategic Planning Process
Business Valuation – Mergers & Acquisition Decisions

The Goals

As a result of attending this Programme, participants will:

Develop the Essential Advanced Skills of Financial Forecasting Budgeting and Control using Excel© and the latest software to develop various forecasting models including Time Series Models, Exponential Smoothing, Regression and Correlation Analysis
Analyse complex capital investment and financing decisions and provide recommendations for action using appropriate discount rates based on WACC and CAPM by applying Payback, ARR, NPV, Discounted Payback, IRR and MIRR using Excel® including where capital is rationed/limited
Identify the key success factors/critical factors in their industry/division to evaluate current and future market/competitive trends in order to identify future Opportunities and Threats
Conduct advanced financial analysis using Excel® and the very latest techniques/methods that result in developing financial strategies and plans
Conduct company valuations with a focus on merger and acquisition decisions

The Process

The course is highly interactive involving the analysis and evaluation of practical case studies and the discussion/debate of current issues, policies and procedures. It will be conducted along workshop principles to ensure the development of transferable skills as well as knowledge, fully supported with notes in hard copy and on CD.

The Benefits

As a result, attending delegates will:

Develop their professional skills
Increase their knowledge of the latest policies and procedures
Make more informed and hence better decisions
Increase their importance to their organization
Be better placed to liaise effectively with other departments and colleagues regarding current practices and issues affecting the banking sector

The Results

By sending delegates on this course, the organisation will:

Successfully build an integrated financial team
Gain new finance skills in line with the latest international practices which will help to make more informed and hence better management decisions
Increase knowledge of the latest policies and procedures which can be shared amongst other departments of the company
Facilitate the continuous and radical redesign of business processes to international standards
Ensure the finance culture permeates throughout the entire organization

The Core Competencies

Enhanced knowledge of Finance:- financial planning, sources and uses of finance and the analysis of performance
Financial Management:– the ability to manage liquidity and international finance
Capital Investment Appraisal: - the ability to make sound investment decisions
The latest techniques for evaluating financial and operational performance
The ability to evaluate merger and acquisition possibilities

The Programme Content

Financial Planning

Financial Management & Financial Planning – the Scope, Role & Responsibilities of Financial Management
Preparing a Financial Plan – The Master Budget
Forecasting Future Cash-flows
- Time Series Analysis
- Correlation & Regression
Financial Modelling
Sensitivity/What If Analysis
What-If Analysis combined with Du-Pont Analysis

Corporate Finance & Financial Engineering

Raising Finance using traditional sources of Equity & Debt
Evaluating the impact of Equity & Debt finance
Money Market Instruments & Bonds
The Concept of Financial Engineering
Raising finance, trading and hedging using financial engineered instruments
The Dividend Decision: - whether to pay dividends or not

The Cost of Capital & Capital Investment Appraisal

The Cost of Capital
- Weighted Average Cost of Capital (WACC)
- Capital Asset Pricing Model (CAPM)
The Capital Investment Process
Capital Investment Appraisal
Payback
Accounting Rate of Return (ARR)
Net Present Value (NPV)
Internal Rate of Return (IRR)
Capital Rationing
Asset Replacement Decisions
Controlling the Cost of Capital and the use of Derivatives

Financial Analysis

The Role & Responsibilities of Financial Analysis and Management
- Identifying key success factors in your industry sector
- Financial review compared to targets and expectations and Variance Analysis
- Financial performance measurement systems
Ratio Analysis to evaluate Profitability, Liquidity, Operations and Leverage
Du-Pont Analysis and Financial Modelling
Altman and Z scores: - quantitative models to assess risk
SWOT, PEST & Porter: - incorporating non-financial analysis
The Analysis and Evaluation of Case Studies using Excel® in order to:
Assess past performance
Identify Strengths, Weaknesses, Opportunities and Threats
Improve Decision Making relating to future:
- Divisional/Individual Performance
- Capital Expenditure
- Investment Opportunities
Implement and Evaluate Performance Measures
Aid the Strategic Planning Process