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