Managerial Finance: Financial Management and Analytical Assessment
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Managerial Finance: Financial Management and Analytical Assessment Course
Introduction:
Managerial Finance is an interdisciplinary field that draws from managerial accounting and corporate finance, with a specific focus on the managerial implications of the financial system. Unlike purely technical approaches, Managerial Finance emphasizes evaluation and analysis.
The primary objective of Managerial Finance is to provide insights and answers to the critical questions that drive the financial management of modern industries. This field aims to address the following key questions:
- Why are financial aspects so important?
- What should firms do about new investments, mergers, and dividends?
- Why are share prices important?
- How much should firms borrow?
- Why are cash flows and risk so important?
When financial data is available to further questions can then be considered, such as:
- Are we performing better or worse than our peers?
- If so, what is the source of the problem?
- Do we have the same profit margins?
- If not why?
- Do we have the same expenses?
- Are we paying more for something than our peers?
This training session provides the skills and techniques required for a sound understanding of Managerial Finance.
Course Objectives:
At the end of this Managerial Finance: Financial Management and Analytical Assessment Course, learners will be able to do:
- Understanding the basic principles and terminology of finance and interpreting key financial information
- Communicating and presenting your financial decisions more credibly to your colleagues and board
- Reading and understanding annual reports and company accounts
- Calculating and analyzing profitability, liquidity, and management of working capital
- Making the correct decisions to optimize cash flow requirements
- Understanding shareholder value and the stock market
- Evaluating projects from a financial perspective
- Analyze the need to incorporate risk and uncertainty into business decisions
Who Should Attend?
This Accounting Policies and Procedures Course is ideal for:
- Professionals who are required to make decisions which have a financial impact upon the performance of the organization
- Those wishing to gain a better understanding of what the financial figures actually mean and how they can be used in the decision-making process.
Course Outlines:
Analysis of Financial Statements
- Introduction to Managerial Finance
- Financial Statement and Analysis
- Income Statement
- Balance Sheet
- Depreciation
- Cash Flow and Financial planning
- Cash flow forecasts
- Cash flow statements
Analysis of Time and Risk
- Time value of money
- Net Present Value
- Internal Rate of Return
- Risk and return
- Risk management
- The analytical tools to manage risk
- How to develop the tools for your company
- How to minimize risk: insurance and hedging
- Interest rates and bond valuations
Analysis of Investment
- Stock (shares) valuation
- Assessing over-valued/under-valued stocks
- Stock valuation techniques
- Capital budgeting cash flow
- Cost of Capital
- Cost of debt
- The weighted average cost of capital
- Leverage and capital structure
Analysis of Dividends and Working Capital
- Dividend policy
- Passive v Active Dividend Policy
- Influencing Factors
- Working Capital and Current Assets Management
- Working capital indicators
- Current asset valuation
- Write-down policy
- Current liabilities management
Analysis and Decision Making
Pulling it all Together
- Working as part of a team you will be given the latest financial another information of a business
- Other teams will work on a different case from your group
- Further financial reports can be made available to you based upon your requests and findings prior to your final report
- The cases will examine your skills in the following areas:
- Financial Analysis
- Controlling Working Capital
- Financial Decision Making
- Financial Planning and Forecasting
- Cost Control
- Using Competitor Information
- The cases will illustrate how both good and bad decision making might affect the financial position of an organization
- Risk and return
- Risk and how to manage it
- The analytical tools to manage risk
- How to develop the tools for your company
- How to minimize risk: insurance and hedging