Description
OBJECTIVES
By the end of the workshop delegates will:
- describe how different financial markets function
- Have greater understanding of financial information in relation to analysing business performance
- Have greater understanding of project risk and be able to use a range of tools and techniques in the identification and assessment of risk
- Be able to construct, analyse and forecast cash flows
- describe and assess how companies manage working capital and short-term financing
PROGRAMME DETAILS
DAY ONE
Understanding financial information
- Key points in a financial statement
- Understanding the annual report
- Measurement and analysis of business performance
- Case studies
DAY TWO
Sources of Funding
- Venture capital, business angels, banks and other institutions
- Share capital
- Loan capital
- Retained profit
- National and International Borrowing
- Analysing, interpreting and evaluating project proposals
- Project finance evaluation
- Corporate Appraisal: SWOT analysis, Boston Matrix, Porter’s Five Forces
- Allowing for inflation and taxation
DAY THREE
Capital Expenditure Appraisal
- Accounting Rate of Return
- Payback Period
- DCF Techniques
- Net Present Value
Risk Analysis
- What is risk and why does it arise?
- Tools and techniques used to carry out risk identification and risk assessment
- The principles of risk management
- Ways of reducing risk
- Exercises
- Case study
DAY FOUR
Financial Analysis
- Its role in the corporate cycle
- Cost volume/profit analysis
- Cash flow analysis
- Free cash flows
- Construction of cash flows and use of modelling
DAY FIVE
Financial Analysis (continued)
- Leasing
- The different types of leases and advantages and disadvantages
- The application of DCF methods to projects involving buy or lease problems
- Developing more accurate forecasting methods
- Case studies
