Financial Strategy: Essential Finance Management Skills

Financial Strategy:

Essential Finance Management Skills

INTRODUCTION

This seminar aims to provide an understanding of the fundamentals of corporate finance, and financial strategy during the life cycle of a business. Contemporary practical examples are presented together with the theoretical principles to make the theory come to life. The overriding objective of this seminar is to present a number of integrated and powerful principles to help develop analytical skills and the decision-making capacity of the participants.

OBJECTIVES

• Appreciate the importance of using the appropriate financial strategy to create shareholder value above market expectations
• Consider how corporate behavior impacts on achievement of corporate objectives, and the importance of corporate governance
• Understand financial strategy relating to stages of corporate development and capital structure
• Use and evaluate the various techniques of capital investment appraisal
• Develop appropriate strategies with regard to mergers, acquisitions and reorganizations, and defenses against hostile takeovers
• Effectively manage cash and working capital to reduce costs and improve cash flow

COURSE OUTLINE

DAY 1

Financial Strategy and Corporate Behavior

• Corporate Objectives and Financial Strategy
• Risk and Company Financing
• Cost of Equity and Debt Capital
• Agency Theory and Corporate Governance

DAY 2

Financial Strategy and Stages of Corporate Development

• Strategic Development – Analytical Techniques
• The Business Life Cycle
• Capital Structure and Weighted Average Cost of Capital (WACC)
• Dividend Policy

DAY 3

Capital Investment Decisions

• Discounted Cash Flow (DCF)
• Evaluating Capital Investment Projects
• Comparison of Alternative Methods of Investment Appraisal
• Capital Budgeting

DAY 4

Restructuring, Reorganizations, Mergers and Acquisitions

• Reasons and Justifications for Mergers and Acquisitions
• Share Valuation Models and Financing Acquisitions
• Financial Strategy in Acquisitions and Takeover Bid Defenses
• Business Restructuring and Reorganizations

DAY 5

Cash Planning and Working Capital Management

• Cash Flow, Working Capital and the Operating Cycle
• Managing Working Capital
• Cash Improvement
• Cash Planning and Cash Management