The Course Content
Day One: Finance and Financial Information
Finance & Accounting
Developing a Strategic Financial Plan
Financial Information: Internal & External
Evaluating Financial Performance to improve Liquidity, Profitability & Efficiency
Working Capital Management
Cash Flow Statements and Calculating Free Cash Flow
Day Two: Financing the Business and the Cost of Capital
Sources of Long Term & Short Term Finance
The Optimum Capital Structure – Equity or Debt?
Calculating the Cost of Equity and Meeting Shareholder Expectations
Calculating the Cost of Debt – Fixed or Floating Rate
The Weighted Average Cost of Capital (WACC)
The Capital Asset Pricing Model (CAPM)
Day Three: CAPEX - Analysis of Investment Decisions
Strategic Issues facing Organisations Today
Preparing Project Cash Flow Forecasts in Excel
Capital Investment 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 - RAROC
Day Four: Financial Risk Management
Risk and Uncertainty in Business
Identifying & Measuring Financial Risk
How to Manage Risk – The Four Ts
Managing Exchange Rate Risk
Managing Commodity Price Risk
Managing Interest Rate Risk
Day Five: Corporate Governance
Recognising the needs of stakeholders
The Role and Scope of Corporate Governance
Agency Theory: The Role of Directors & Shareholders
The Role of External & Internal Auditors
The Role of the Audit Committee
Emerging trends in Corporate Governance