Effective Financial Management in an Uncertain World

This Hero training course provides delegates with the essential knowledge and skills to enable them to manage both finance and financial risk more effectively, thereby increasing performance and returns whilst reducing risk. Delegates will leave with a clear understanding of finance terminology and the latest risk management instruments and techniques to enable them to make an effective contribution to the workplace. It also provides a clear understanding of the need for effective Corporate Governance and the benefits this brings to the company and its major stakeholders.

This training course will feature:

•           The latest financial tools and techniques to evaluate financial performance
•           Methods to improve efficiency, profitability and liquidity
•           The evaluation of sources of finance and investment decisions
•           Identification, measurement and management of financial risk
•           The role of corporate governance in effectively meeting the needs of all major stakeholders

THE COURSE CONTENT

 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

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)

- 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

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

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

FOR WHOM?

This Hero training course is suitable to a wide range of professionals but will greatly benefit:

Professionals in the account and Audit Department who wish to improve their finance knowledge and skills

Members of the operational management team

Professional who have influence over operational or strategic decisions

Consultants who provide advice on operations or strategy

Managers who have responsibility for the management of risk.