Course Details
Course Outline
5 days course
Finance and financial information
- The importance of finance in any business.
- The importance of financial knowledge – internal and external.
- The corporate annual report and the financial statements.
- Capital employed: long – term assets and working capital.
- Analysing financial statements for profitability, liquidity, efficiency & financial structure.
- Investment ratios and market data sources.
Financing the Business and Capital Structure
- Kinds of long term finance.
- Kinds of short term finance.
- Calculating the Cost of Equity – what your shareholders expect.
- Calculating the Cost of Debt – it depends on your credit rating.
- The weighted average cost of capital (WACC).
- Choosing the best mix of equity and debt.
CAPEX – Analysis of Investment Decisions
- improving your business with new investment projects.
- Preparing spreadsheet forecasts for investment appraisal.
- Basic appraisal techniques: Accounting Rate of Return (ARR) and Payback.
- Discounted cash flow appraisal techniques: NPV and IRR.
- Capital Rationing and the Profitability Index (PI).
- Dealing with risk in investment appraisal.
Financial Risk Management
- Risk and uncertainty in business.
- How to manage risk – the four Ts.
- Financing risk and operating risk.
- Foreign currency risk management.
- Interest rate risk management.
- Role of Internal Audit, Audit Committee, and Chief Risk Officer.
Corporate Governance
- Identifying the needs of stakeholders.
- The essence and development of corporate governance.
- Corporate governance codes and regulation.
- The role of the Board of Directors.
- International corporate governance and the OECD.
- Growing trends in corporate governance.
