Introduction
Most strategic and operational business decisions rely on fundamental knowledge of financial management including the ability to speak and understand the language of finance. While this knowledge is an essential skill for leaders and managers throughout the organization, it is also a prerequisite for both finance professionals who need to make day-to-day decisions as well as accounting professionals who wish to advance their careers. Those without a clear understanding of financial statements analysis and management are unable to communicate professionally with finance managers and business leaders. This course consists of modules that clarify financial terminology and concepts giving you the required tools to communicate fluently with top executives and articulate business investment and project proposals to decision-makers.
Course Objectives of Certified Financial Management Professional
By the end of the course, participants will be able to:
- Apply financial analysis techniques to generate conclusions and recommendations regarding business performance
- Utilize their macro-finance understanding from a strategic and operational perspective
- Design dynamic strategic financial planning models
- Demonstrate an understanding of mergers, acquisitions, takeovers, and corporate control
- Compare how equities and fixed income securities are priced
- Develop a practical understanding of corporate finance, cost of capital, and capital budgeting
Course Methodology of Certified Financial Management Professional
The course uses a mix of interactive techniques such as brief presentations by the consultant, group exercises, case studies, and the use of Excel to apply the knowledge acquired throughout the course followed by participants' presentations of the results.
Target Audience of Certified Financial Management Professional
Finance professionals, finance managers, corporate controllers, financial controllers, treasury professionals, chief accountants, accounting managers, senior accountants, banking professionals, and corporate business professionals.
Course Outlines of Certified Financial Management Professional
Day 1
The scope of financial analysis and management
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- Introduction to the three pillars of financial management
- Operating, investing, financing decisions
- An inside look at the key financial statements
- The building blocks of financial statements analysis
- Vertical analysis and common size financial statements
- Horizontal and trend analysis
- Liquidity analysis
- Solvency analysis: debt and equity
- Efficiency and working capital management
- Balances of cash
- Balances of accounts receivable
- Balances of inventory
- Balances of trade payables
- Using short term bank facilities
- The cash conversion cycle
- Profitability analysis: margins and returns
Day 2
Strategic financial planning and forecasting
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- Overview of the financial planning process
- Revenue forecasting: bottom-up versus top-down
- Forecasting cost of goods sold
- Forecasting fixed and variable costs
- Forecasting balance sheet accounts
- Using days sales outstanding
- Using days of inventory on hand
- Using days of payables
- Fixed assets forecasting
- Retained earnings and dividend pay-out policy
- Building 12 monthly forecast for a seasonal business
- Modeling 'what-if' analysis
Day 3
Mergers, acquisitions, and corporate control
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- Methods of acquisitions
- Types of Mergers and Acquisitions (M&As)
- Motives for mergers and acquisitions
- 5 phases to the M&A process
- The process of due diligence
- Reasons behind failed mergers
Day 4
Financing decision: the right mix of debt and equity
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- Valuation fundamentals of financial instruments
- How to price a bond before issuance
- How to price a stock before offering
- The weighted average cost of capital
- Impact of debt-to-equity ratio on the cost of funds
- Deciding on the mix of debt and equity
- Optimal financing structure
Day 5
Capital budgeting and investment decisions
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- Practical applications of the time value of money using Excel
- Future value calculations
- Present value and NPV calculations
- Internal rate of return
- Verifying loan installments based on effective interest method
- The capital budgeting process
- Forecasting incremental cash flows
- Deciding on the appropriate discount rate
- Identify working capital commitment
- Net present value: key decision-making criteria
- Internal rate of return for decision making
- Discounted payback period
- Profitability index
About Madrid
Madrid is a city that combines its enduring history with its cosmopolitan atmosphere to create a destination that favored amongst tourists from around the world. This is a city that is very much bursting at the seams with life and its vibrant atmosphere, cultural attractions and connection with history ensure travelers have everything they could possibly want from a European city break. At the end of a flight to Madrid, there are sites to see, picturesque streets to roam and, of course, excellent shopping opportunities to explore. Visitors can immerse themselves in Madrid's fantastic local culture, its peerless art scene and world acclaimed fine dining. In fact, there is very little that Madrid doesn't have to offer.
Things to do and places to visit in Madrid
The only problem travelers will encounter during their visit to Madrid is knowing what to do first. Sampling the mouth-watering tapas, strolling through one of the many excellent museums or even simply soaking up the atmosphere are all excellent options. Spend a sunny day wandering through the splendid squares or marvel at the intricate architecture of the churches.With so many options, flights to Madrid are great for people of any age or inclination.
When visiting Madrid, be sure to:
- See the superb collection of art is the Museo del Prado.
- Stroll down the Gran Via.
- Enjoy the atmosphere of the Plaza Mayor.
- Wander through the stunning gardens of the Parque del Buen Retiro.
- See the beautiful mansion of the Museo Lazaro Galdiano.
- Find quirky fashions in the Fuencarral market.
- Try some of the many different tapas dishes.
- Visit the statues of Don Quixote and Sancho Panza in the Plaza de Espana.
- See the breathtaking Basilica de San Francisco El Grande.
- Wander the Casa de Campo park, which is five times the size of Central Park.
- Shop in the luxury boutiques of the Golden Mile.
- Look for bargains at the El Rasto flea market.
- See Picasso's Guernica in the Reina Sofia museum.
- Snack on churros with chocolate.