Course details

Overview ?

Introduction

This seminar provides an understanding of the essential fundamentals of corporate finance, financial strategy and financial management. Contemporary practical examples are presented together with the theoretical principles to make the theory come to life. The overriding objective of this seminar is to present a number of integrated and powerful principles to help develop analytical skills and the decision-making capacity of the participants.

It will enable you to:

Appreciate the importance of using the appropriate financial strategy to create shareholder value above market expectations
Consider how corporate behaviour impacts on achievement of corporate objectives, and the importance of corporate governance
Understand financial strategy relating to stages of corporate development and costing
Use and evaluate the various techniques of capital investment appraisal
Effectively manage cash and working capital to reduce costs and improve cash flow

Seminar Objectives

At the end of this seminar delegates will be able to:

Use and evaluate the various techniques of capital investment appraisal
Develop appropriate financial strategies
Relate financial strategy to business strategy
Effectively manage cash and working capital to reduce costs and improve cash flow

Training Methodology

A mixture of exercises and real life case studies, examples and videos make this a lively and interesting seminar. There is a strong emphasis on practical application of the ideas within the delegates’ organisation. Delegates are encouraged to complete a learning and action plan to focus them on and help them to apply their new knowledge and skills.

Organisational Impact

Implement appropriate measures that can add value to the organisation
Appreciate the importance of selecting the appropriate financial strategy to maximise shareholder value
Consider risk and its impact on company financing
Evaluate the cost of equity and the cost of debt capital
Look at capital structure and financial strategy in terms of the life cycle of the business, and the weighted average cost of capital (WACC)
Use Excel© models and the appropriate tools and techniques in support of strategic capital investment decisions and capital budgeting
Consider the appropriate financial strategies for use in mergers, acquisitions, restructuring and reorganisations, and appropriate takeover bid defences

Personal Impact

Participants will be able to further develop their personal management skills by being able to:

Make more informed and improved management decisions
Consider why corporate objectives may not always be achieved and what may be done to eliminate dysfunctional corporate behaviour and align corporate goals
Understand how to measure their own contribution to the creation of value for the shareholders of the business
Appreciate why some financial strategies are more effective than others with regard to value creation
Use the financial tools available for effective managemen of working capital
Provide knowledge that can be shared amongst other departments of the company

Who Should Attend?

Finance Executive and financial professionals involved in the development and delivery of financial strategy
Junior Executives and financial professionals seeking career advancement and development
Senior and experienced professionals and finance professionals seeking either CPD or a valuable and stimulating “refresher”

Programme Outline

Day 1 – Financial Strategy and Corporate Behaviour

Corporate Objectives and Financial Strategy
Financial Statements – Analysis and interpretation (Part 1)
Risk and Company Financing
Cost of Equity and Debt Capital
Agency Theory
Corporate Governance
Financial Statements regulatory

Day 2 – Financial Strategy and Stages of Corporate Development

Financial Analysis – Analysis and interpretation (Part 2)
Strategic Development – Analytical Techniques
DuPont analysis
The Business Life Cycle
Capital Structure and Weighted Average Cost of Capital (WACC)
Dividend Policy
Cash & Working Capital
Working capital ratios
Z scores and Credit Ratings

Day 3 – Costs and Value Management

Cost and Value
Cost Analysis and control
Strategic approaches to cost reduction and cost management
Cost Structure and breakeven
New theories and practice in cost analysis. control and management
Value management
Value based pricing
The Value chain
Financial strategy and integrated cost/value analysis

Day 4 – Budgeting, Planning and Business Strategy

Strategy models
Business Strategy related to financial strategy
Planning and budgeting models
Linking budgets to business and financial strategy
Build Managing
Delegating budgets effectively
Beyond Budgeting

Day 5 – Investment Strategy

Capital Investment Decisions
- Discounted Cash Flow (DCF)
- Evaluating Capital Investment Projects
- Comparison of Alternative Methods of Investment Appraisal
- Capital Budgeting
Restructuring, Reorganisations, Mergers and Acquisitions
- Reasons and Justifications for Mergers and Acquisitions
- Share Valuation Models and Financing Acquisitions
- Financial Strategy in Acquisitions and Takeover Bid Defences
- Business Restructuring and Reorganisations