The Financial Excellence Program

The Financial Excellence Program

 

Date & Location: (22-26/Jan) Kuala Lumpur – ( 27-31/Aug) Istanbul

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Course Overview

Introduction:

This training provides business professionals with a deeper understanding of financial management as practiced by today’s most powerful companies by demystifying the complex world of finance, and providing the tools and insights that you will need to meet your own professional goals and the greater goals of the organisations you serve.

 

Program Objectives:

  • 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

 

Who Should Attend?

  • 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.

 

Program 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