Effective Financial Manager Skills Development

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  • Fees : 2600 $
  • Date 19 May 2019
  • Location Malaysia, English

Effective Financial Manager Skills Development

 

Course outline

Financial management has been defined as ‘the art of making significant financial decisions’. The same applies to financial analysis, planning and control, which should be targeted toward finding meaningful answers to these significant questions – whether or not the results are fully quantifiable. All the topics in the seminar are viewed in the context of creating shareholder value and the primary objective of maximization of shareholder wealth. This seminar explains:

  • The conceptual backdrop for both the financial and economic dimensions of analysis and decision-making
  • The nature of financial statements and the key financial tools and techniques in the broader context of how and where they are applied in the assessment of business performance
  • The projection of financial requirements and analysis of financial information for planning and control
  • The analysis of investment decisions using time-adjusted measures, taking strategic perspective and dealing with risk and uncertainty
  • The valuation of businesses and how value may be enhanced through mergers and acquisitions and restructuring and reorganizations. 

Objectives

The objectives of the seminar are to provide delegates with the necessary tools and techniques to find better answers to questions such as:

  • What is the exact nature and scope of the problems to be analyzed, and which specific variables, relationships, and trends are likely to be helpful in analyzing specific problems?
  • How precise an answer is necessary in relation to the importance of the problem itself?
  • How reliable are the available data, and how is this uncertainty likely to affect the range of results?
  • Should the outputs of decisions be expressed in cash flow terms, or in terms of accounting profit, to evaluate the financial implications of a decision?
  • What limitations are inherent in the tools to be applied, and how will these affect the range of results obtained?
  • How important are qualitative judgments in the context of decision-making, and what is the ranking of their significance?

Teaching Method

This seminar is presented in a very user-friendly way to suit individuals with varying levels of financial knowledge, skills, and experience. The seminar will be conducted along workshop principles with formal presentations, case studies and interactive worked examples. Numerous relevant examples and participative case studies are provided to illustrate the application of each of the topics covered. Each learning point is reinforced with practical examples and participative exercises.

Difficult mathematical concepts are minimized wherever possible and handled in a visual way that is easy to understand with numerous illustrative examples. Our aim is for this to be an enjoyable learning experience.

Daily Outline

Day 1

 The Challenge of Financial Economic Decision-Making

  • The practice of financial/economic analysis
  • The value-creating company
  • Corporate value and shareholder value
  • A dynamic perspective of business
  • The agency problem and corporate governance
  • What information and data to use?
  • The nature of financial statements
  • The context of financial analysis and decision-making

Day 2

 Assessment of Business Performance

  • Ratio analysis and business performance
  • Management’s point of view
  • Owners’ point of view
  • Lenders’ point of view
  • Ratios as a system – pyramids of ratios
  • Integration of financial performance analysis – the Dupont system
  • Economic value added (EVA)
  • Predicting financial distress

 

Day 3

 

 Projection of Financial Requirements

  • Interrelationship of financial projections
  • Operating budgets
  • Standard costing and variance analysis
  • Cash forecasts and cash budgets
  • Sensitivity analysis
  • Dynamics and growth of the business system
  • Operating leverage
  • Financial growth plans
  • Financial modeling

Day 4

Analysis of Investment Decisions

  • Applying time-adjusted measures
  • Net present value (NPV) and internal rate of return (IRR)
  • Strategic perspective
  • EVA and NPV
  • Refinements of investment analysis
  • Equivalent annual cost (EAC)
  • Modified internal rate of return (MIRR)
  • Sensitivity analysis, scenario analysis, simulation, and NPV break-even
  • Dealing with risk and changing circumstances

Day 5

 Valuation and Business Performance

  • Managing for shareholder value
  • Shareholder value creation in perspective
  • Evolution of value-based methodologies
  • Creating value in restructuring and combinations
  • Financial strategy in acquisitions
  • Business valuation
  • Business restructuring and reorganizations
  • Management buy outs (MBOs) and management buy ins (MBIs)

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