Enhance Financial Skills for Managers in the Public Sector

Course Overview:

Finance and Capital along with Management and Staff are the lifeblood of any business. This program focuses on the advanced skills necessary for making sound financial decisions in an increasingly competitive, volatile, and global market. Skills and decisions, which will enable your company to remain competitive, minimize costs, maximize revenues, and reduce/control risk.

Course Objectives:

At the end of this course, the participants will be able to:

Develop the Essential Advanced Skills of Financial Forecasting Budgeting and Control using Excel and the latest software to develop various forecasting models including Time Series Models, Exponential Smoothing, Regression and Correlation Analysis
Analyze complex capital investment and financing decisions and provide recommendations for action using appropriate discount rates based on WACC and CAPM by applying Payback, ARR, NPV, Discounted Payback, IRR and MIRR using Excel including where capital is rationed/limited
Identify the key success factors/critical factors in their industry/division to evaluate current and future market/competitive trends to identify future Opportunities and Threats
Conduct advanced financial analysis using Excel and the very latest techniques/methods that result in developing financial strategies and plans
Conduct company valuations with a focus on merger and acquisition decisions
Make more informed and hence better decisions
Understand the Cost of Capital and Capital Investment Appraisal

Course Coverage:

Topic 1: Unit Financial Planning:

Financial Management & Financial Planning – the Scope, Role & Responsibilities of Financial Management
Preparing a Financial Plan – The Master Budget
Forecasting Future Cash-flows
Time Series Analysis
Correlation & Regression
Financial Modelling
Sensitivity/What-If Analysis
What-If Analysis combined with Du-Pont Analysis

Topic 2: Corporate Finance & Financial Engineering:

Raising Finance using traditional sources of Equity & Debt
Evaluating the Impact of Equity & Debt Finance
Money Market Instruments & Bonds
The Concept of Financial Engineering
Raising finance, trading, and hedging using financially engineered instruments
The Dividend Decision: - whether to pay dividends or not

Topic 3: The Cost of Capital & Capital Investment Appraisal:

The Cost of Capital
Weighted Average Cost of Capital (WACC)
Capital Asset Pricing Model (CAPM)
The Capital Investment Process
Capital Investment Appraisal
Payback
Accounting Rate of Return (ARR)
Net Present Value (NPV)
Internal Rate of Return (IRR)
Capital Rationing
Asset Replacement Decisions
Controlling the Cost of Capital and the Use of Derivatives

Topic 4: Financial Analysis:

The Role & Responsibilities of Financial Analysis and Management
Identifying key success factors in your industry sector
The financial review compared to targets and expectations and Variance Analysis
Financial performance measurement systems
Ratio Analysis to evaluate Profitability, Liquidity, Operations and Leverage
Du-Pont Analysis and Financial Modelling
Altman and Z scores: - quantitative models to assess risk
SWOT, PEST & Porter: - incorporating non-financial analysis
The Analysis and Evaluation of Case Studies using Excel to:
Assess past performance
Identify Strengths, Weaknesses, Opportunities, and Threats
Improve Decision Making relating to the future:
Divisional/Individual Performance
Capital Expenditure
Investment Opportunities
Implement and Evaluate Performance Measures
Aid the Strategic Planning Process

Topic 5: Valuation, Merger & Acquisitions:

Business Valuation
Definitions of Value
Value to the Investor
Value to Shareholders
Evolution of Value-Based Methodologies
Creating Value in Restructuring and Combinations
Business Valuation for Merger & Acquisition
Business Restructuring and Reorganisations
Management Buy-Outs and Management Buy-Ins

Targeted Groups:

Head of Departments
Managers
Finance Professionals who want to enhance their skills