Municipalities Financial & Administrative Performance Supervising Systems & Governance

Municipalities Financial & Administrative Performance Supervising Systems & Governance

 

Date & Location: (05-09/Mar) Kuala Lumpur – ( 20-24/Aug) Singapore


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Course Overview

Introduction:

This interactive seminar will develop your skills in analyzing business activities. It will guide you through the key steps of analysing financial statements, appraising new investments and measuring performance at all levels of your organization. It will develop your ability to generate growth and improve profitability, as well as pinpointing problem areas for remedial action. Over the five modules, delegates will acquire skills and technical knowledge which will enable them to manage more effectively.

Program Objectives:

  • Read and understand their organisation’s Annual Financial Report
  • Evaluate their firm’s financial performance
  • Understand and use analytical tools and techniques in practical case-study situations
  • Use analytical techniques to project future performance
  • Make critical judgements of accounting policies when evaluating company performance
  • Appreciate the importance of new investments in maintaining growth and competitiveness
  • Improve their management skills and increase their value to the organization

 

Who Should Attend?

This course will mainly benefit to purchasing managers, senior buyers, project managers, civil engineers, construction managers, contractors, sub-contractors, site engineers, senior management, and government agencies, architects, construction professionals, and anyone responsible for purchasing at a senior level who seeks to enhance their skills further.

 

Program Outline:

DAY 1

Introduction to Advanced Financial Analysis

  • Who are the users of financial data?
  • What types of financial information are available to each user group?
  • The published Annual Financial Report (AFR) – what is its purpose?
  • The structure and contents of an AFR – comparison of UAE, UK, and US versions
  • The non-financial elements of the AFR – how important are these?
  • Understanding the three main financial statements: Income Statement, Balance Sheet, Cashflow Statement
  • Comparison of different formats for the financial statements
  • Identifying the important numbers from the financial statements
  • Case study to show how the Income Statement, Balance Sheet, and Cashflow Statement are inter-linked and inter-dependant

DAY 2

Understanding and Analysing the AFR

  • Why do we need to analyse the AFR?
  • Using common-size analysis to improve comparability
  • Calculating trends and growth patterns
  • Using Ratio Analysis to assess five key aspects of company performance:
    • Profitability
    • Liquidity
    • Efficiency and Working Capital Management
    • Financing Structure and Risk
    • Investment Performance and Potential
  • Case Study on analysis and interpretation of company performance

DAY 3

Analytical Tools and How to Analyse the Cash flow Statement

  • Introduction to Excel tools for analysing financial statements
  • Setting up spreadsheets for common-sizing and ratio analysis
  • Using statistical tools mean, standard deviation, regression analysis
  • Using graphical representation
  • How to access data and analysis from Bloomberg and Yahoo! Finance
  • Why do we need the Cash flow Statement?
  • Key ratios we can calculate from the Cash flow Statement
  • How to use current cash flow information to forecast future revenues and profits

DAY 4

Financing the Business and Valuing the Business

  • Analysing the Balance Sheet to identify debt and equity, short-term and long-term finance
  • Measuring the company’s capital structure, and estimating the costs of capital:
    • Cost of Equity (Ke), using DVM and CAPM
    • Cost of Debt (Kd)
    • Weighted Average Cost of Capital (Ko)
  • Case study on Cost of Capital calculation
  • Why do we need to value a business?
  • Business valuation models:
    • Net Asset value – balance sheet, replacement cost, or realisable value
    • Price/Earnings ratio value
    • Dividend growth value
    • Present value of future free cash flows
  • Case study on valuing a business

DAY 5

Identifying Creative Accounting and Forecasting Future Failure

  • What is creative accounting?
  • Who benefits from creative accounting?
  • How does creative accounting work? – some illustrative examples
  • Creative accounting scandals – Enron, Worldcom, Parmalat
  • The symptoms of financial distress – financial and non-financial factors
  • Using ratio analysis to identify financial distress or predict future failure
  • Forecasting future failure using ratio combinations – the Altman Z-score model
  • Case study on forecasting future failure