Advanced Financial Management

Overview

Course Overview

This course is designed to provide participants with the financial concepts, strategies, and tools needed to deal more effectively with corporate financial management. It focuses on the fundamentals of finance and financial principles for project evaluation, funding, and resource allocation, helping leaders to work more effectively with financial decision makers and apply the principles of finance to short-term and long-range goals. Today’s technical executive must be able to use finance to persuade corporate financial officers to fund projects as well as use financial tools to address senior management’s concerns about risk. Focused on basic principles of accounting and financial decision making for managers, this program will help transform a technical manager’s ability to manage and advocate for both day-to-day and long-term activities.

Learning Outcomes

By the end of this course, learners should be able to:

  1. Effectively use financial statements
  2. Perform financial analysis of a set of financial statements
  3. Make effective investment decisions
  4. Run business with sound governance and management of risk
  5. Lead change

Course Outline

Course Coverage

  • Introduction to financial analysis
    • Identifying the relationship between cash flow and profit
    • Development of an integrated cash flow model
    • Recognizing it’s all about cash
    • Understanding the relationships between the income statement, statement of financial position and statement of cashflows
  • Fundamentals of accounting statements-the profit and loss account
    • Detailed review of the Profit and Loss account including explanation of all significant accounting terminology
    • Profit types – trading, asset and business
    • Inventory, depreciation, capitalized interest
    • Minority interests and consolidation
    • Exceptional and material items
  • Fundamentals of accounting statements-the balance sheet
    • Detailed review of the balance sheet including explanation of all significant accounting terminology
    • Understanding the fixed assets note
    • Accounting goodwill – what is it?
    • Liabilities, pension fund accounting
    • Debt and other liabilities like debt
  • Financial analysis techniques-ratio analysis
    • Liquidity or Working Capital Ratios
    • Efficiency or Asset Management Ratios
    • Debt Management Ratios
    • Profitability Ratios
    • Integrated Ratio Analysis
    • Service Industry Ratios
    • Strengths and Limitations of Ratio Analysis
    • Common Size Financial Statements
    • Performance Management
    • Return On Investment (ROI)
    • Economic Value Added (EVA)
    • Free Cash Flow (FCF)
  • Cash flow analysis and accounting issues
    • Understanding cash flows
    • Detailed review of the cash flow statement
    • Analyzing and interpreting cash flows
  • The time value of money
    • Present and future values
    • Defining the discount factor
    • Exercises: Discounting calculations
    • Perpetuities and annuities
    • Exercises: Annuities and perpetuities
  • Cost of Capital
    • Cost of Equity
    • Cost of Preference Shares
    • Cost of Debt
    • Weighted Average Cost of Capital
  • Capital Budgeting
  • Payback Period
  • Net Present Value Analysis
  • Accounting Rate of Return
  • Internal Rate of Return
  • Profitability Index
  • Project analysis
    • Introduction to project analysis
    • Developing a forecast of the project cash flows
    • Identifying the key risk areas
    • Discounted cash flow techniques
    • Calculating the internal rate of return
  • Cost Behavior
    • Types of Costs
    • Break-Even Analysis

 

COST: USD 3,500

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