The Financial Excellence Programme

Code

Start Date

2023-03-05

End Date

2023-03-16

City

Dubai

Price

4500 $

Language

Participants

1-15

Hotel

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Introduction

This seminar provides business professionals with a deeper understanding of financial management as practiced by today's most powerful companies by demystifying the complex world of finance, and providing the tools and insights that you will need to meet your own professional goals and the greater goals of the organisations you serve.

The seminar is split into two modules:

MODULE I - Corporate Financial Planning, Budgeting & Control

MODULE II - The 5-Day MBA in Finance

Each module is structured and can be taken as a stand-alone course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week seminar.

Objectives

By the end of this seminar delegates will be able to:

Acquire an understanding of the fundamentals of the successful management of corporate financial performance, from the development of strategy through planning and budgeting to performance monitoring and control
Develop practical experience of the workings of a best practice financial performance management model, and of how to improve corporate financial performance in real-life
Gain the insights required to win in the global marketplace, for example relating to:
- interpreting financial statements
- evaluating financial performance
- financial forecasting
- the financing decision
- determining the cost of capital
- evaluating investment opportunities
- managing risk
Raise financial skills

Training Methodology

Using a combination of seminars, team exercises and individual exercises, delegates will gain both a theoretical and practical knowledge of the topics covered. The emphasis is on the practical application of the topics and as a result delegates will return to the workplace with both the ability and the confidence to apply the techniques learned.

There will be a strongly participative, learning-by-doing, style, making extensive use of short case studies (both numeric/ analytical and non-numeric/descriptive) and syndicates, as well as open plenary discussion sessions.

Some parts of the course will include short revision/refresher sessions on accounting and DCF basics. Each day will comprise several sessions, introducing new material to build on the learning in the previous sessions.

The seminar manual will include copies of all the material used.

Organisational Impact

Delegates will develop a set of transferable skills which will improve their powers of financial planning helping the company to increase profit, improve cash flow whilst minimizing costs and risk
Delegates will not only be able to analysis various business problems but will also be able to evaluate various courses of action and make sound recommendations for action using leading software
They will become more aware of the importance of effective planning, budgeting and forecasting making the capital budgeting process more cost effective
Updating delegates with recent developments in risk management
Providing exposure to numerous annual reports and real life cases
Emphasising the role of risk in decision making

Personal Impact

Develop an understanding of today’s major issues in international corporate finance and budgeting
Make improved finance and capital budgeting decisions, which will increase your importance to your organization.
Be able to identify areas in which they may be able to contribute to improvements in the financial performance of your company which will help improve your career development.
An ability to utilise sophisticated investment appraisal techniques
An appreciation of the key items from an annual report and recognition of important ratios and linkages
Recognition of the appropriate tool to manage risk

SEMINAR OUTLINE

Module I : Corporate Financial Planning, Budgeting & Control

Day 1 : Corporate Financial Planning

Strategic Planning
The Objective of the Firm – meeting Shareholder & Stakeholder Objectives
Agency Theory – the relationship between Shareholders & Management
Creative Accounting and the Case of Enron
Preparing a Strategic Plan
Financial Management & Financial Planning – the Scope, Role & Responsibilities of Financial Management
Preparing a Financial Plan – The Master Budget
Forecasting Future Cash-flows
- Time Series Analysis
- Correlation & Regression
Financial Modelling

Day 2 : Financing the Plan

Sources of Finance – Long Term & Short Term
- Evaluation of the Types of Finance
  - Equity Finance
  - Debt Finance
  - Hybid Finance & Financial Engineering
The Dividend Decision
The Cost of Capital
Weighted Average Cost of Capital (WACC)
Capital Asset Pricing Model (CAPM)
The Capital Investment Process
Payback
Accounting Rate of Return (ARR)
Net Present Value (NPV)
Internal Rate of Return (IRR)
Capital Investment Appraisal
Capital Rationing

Day 3 : Preparing & Managing Budgets to support the Financial Plans

Definition of Budgets
The Budgetary Process
Types of Budgets
- Fixed
- Flexible
- Incremental
- Zero Based
- Activity Based Budgets
The Purpose/Benefits & Problems/Limitations of Budgets
Setting/Implementing Effective Budgets - Eliminating the Problems
Budgetary Control
Responsibility Accounting and Absorption Costing
Activity Based Budgeting/Costing (ABB, ABC)
Variance Analysis
Cost Behaviour & Break Even Analysis
Sensitivity/What If Analysis
What-If Analysis combined with Du-Pont Analysis

Day 4 : Managing and Controlling Cashflow to support the Financial Plan

Cash versus Profit
The Cash Conversion Cycle
Calculating and Managing the Cashflow Cycle
Cash Flow Ratios
Working Capital
The Cost of Maintaining Working Capital
Maintaining the Optimum level of Working Capital
Working Investment Ratios
Preparing a Monthly Cash Flow Forecast

Day 5 : Managing Financial Risk

Risk Management
Types of Risk
Identifying Risk – SWOT Analysis
The Major Quantitative & Qualitative Risks Facing Companies
Establishing a Risk Management Strategy
Financial Risk Management & Hedging Techniques
Financial Risks
Managing Exchange Rate & Interest Rate Risk
Derivatives
- Forwards
- Futures
- Options
- Swaps
Risk Management Glossary of Terms

Module II : The 5-Day MBA in Finance

DAY 6 : An Introduction to the Financial Markets

An introduction to the equity markets:
- IPO
- Market Indices
- International Equity Market Links
An introduction to bond markets
Long Term versus Short Term
Treasury versus Corporate
Types of Bond
The spot and forward market
Exchange Rate trends and linkages
Carry Trades
Futures
Options
An introduction to the FX market
An introduction to the Derivatives Market
The link between risk and return

DAY 7 : Evaluating Investment Opportunities

The Markowitz model of Portfolio Risk
The Capital Asset Pricing Model
- A practical application of the CAPM to a range of companies
The time value of money and discounted cash flow techniques
The Gordon Growth Model
A practical application of forecasting dividends
Determining the Cost of Debt
The Ameritrade Case
The importance of the cost of capital
Scenario analysis
The weighted average cost of capital (WACC)
A practical application of the IRR approach
Pitfalls in using the IRR approach
Investment Appraisal using the Net Present Value approach
Payback and adjusted Payback
The Internal Rate of Return (IRR) approach
Real Options

DAY 8 : A Walk through an Annual Report

The Balance Sheet
The Income Statement
The Cash Flow Statement
Ratio Analysis
A practical application of Ratio Analysis:
- Apple v Microsoft
- Next v Tesco
- Easyjet v British Airways
Forecasting Sales
The cost of sales approach

DAY 9 : The Corporate Financing Decision

Financial Leverage
- Modiglianni and Millers Theory of Capital Structure
- The Risk of Bankruptcy
- The Optimal Capital Structure
The Dividend Decision
The clientele effect
The taxation effect
The principal agent problem
The market for Corporate Control

DAY 10 : Risk Management

Hedging Exchange Rate risk using:
- the forward market
- the options market
- zero cost collars
Hedging commodity price risk using:
- Options
- Futures
- Practical Application of airlines hedging fuel price risk- the importance of correlation

The European Quality Training and Management Consultancy adopts modern methods of training and raising the efficiency of human resources development, so we follow:

Theoretical lectures through PowerPoint presentations and Visual presentations (videos and short films).
Scientific evaluation for the trainee (pre & post-evaluation).
Brainstorming, application and representation of roles.
Practical situations that are appropriate to the scientific material and with the nature of the work of trainees.
Tests at the end of the course.
The participant receives the scientific and practical material for the training program printed and saved on CD or Flash Memory.
Attendance reports for participants and final results reports with general evaluation of the program.
The scientific material of the training program is prepared in a scientific and professional manner, this is done by the best professors and trainers in all fields and all specialties.
At the end of the program, the trainee will receive a certificate of professional attendance, signed and certified by the European Quality Center for Training and Consulting.
Opening hours from 09.00 am to 02.00 pm, the program includes a snack buffet during the lectures.
Daily buffet food throughout the days of the training program, with a closing lunch on the last day of the training program for the distribution of certificates and commemorative photographs to the attendees
The terms and conditions for registration, payment and cancellation apply to all training programs. To see the conditions, please visit the following link, click here and your registration in any training program means your acceptance of the terms and conditions for registration, payment and cancellation
The terms and conditions of the training programs venue apply to all programs, and your registration in any training program means your acceptance of these terms and conditions
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Registration policy

European Quality Training and Management Consultancy rejects any registration application from any client without a recommendation letter addressed to European Quality Training and Management Consultancy by human resources department or training department of the applicant's employer.
To register for any training program, the deadline is before the training program start by 21 days, and any application after this date is rejected, except for who are accepted according to European Quality Training and Management Consultancy terms and conditions.
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The deadline for registration in any training program is 14 days before the start of the program and no registration is accepted after that, except for those who are approved according to the terms and conditions of the European Quality Training and Management Consultancy or with official approval and confirmation of registration issued by the European Quality Center for Training and Management Consulting
European Quality Training and Management Consultancy does not adopt the policy of the minimum number of participants in the training program if it is not stated explicitly in the terms of the program contract between the trainee or his work and between the European Quality Training and Management Consultancy of training and consulting
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before registering for any training program.
By registering for any of our training programs, you agree to our policy.

Price and payment policy

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The training programs prices shown on European Quality Training and Management Consultancy include only (attending the program, practical and scientific material, coffee breaks, and a certificate after completing the training program.)
If the registration is personal by the client, then he has to pay the training program fees before the starting date by 21 days, via bank transfer to European Quality Training and Management Consultancy account.
If the registration is under an official letter issued by the trainee's employer, then the employer is responsible for paying the training program fees and European Quality Training and Management Consultancy has the right to claim the program fees before its starting date.
The trainee's employer is obliged to send the fees to European Quality Training and Management Consultancy account within a period of 90 days at maximum, from the program ending date.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before making any deal.
By registering for any of our training programs, you agree to our policy.

Cancellation policy

The client do not has the right to cancel his reregistration before the starting date by less than 21 days. If the client cannot attend the training program for any reason, he can attend another training program at any other time, and he shall not be entitled to claim to European Quality Training and Management Consultancy any money or compensation in any way.
European Quality Training and Management Consultancy is entitled to cancel the registration of any participant in any training program without explaining the reasons, in accordance with European Quality trends and policy.
European Quality Training and Management Consultancy is entitled to confirm the registration according to its status and provide seats according their general policy.
European Quality Training and Management Consultancy is entitled to cancel any training program and is committed to refund all fees paid by the clients.
European Quality Training and Management Consultancy is entitled to change the training program venue as required without explaining any reasons, and they are not committed to refund any paid fees if the client cannot attend the program or the new venue is not suitable for the trainee's employer because of an emergent change of the venue, and the paid fees are saved in the client's account and can be used for registration for other training programs at another time.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before asking for cancelation.
By registering for any of our training programs, you agree to our policy.

Discount policy

The European Quality Training and Management Consultancy offers special prices on some training programs for groups to participate in the programs (more than three participants in the program) starting from 20% and up to 40% of the basic price of the program and the discount rate is approved according to a technical and financial offer addressed to the trainee's work, showing details The program, the date of the meeting and the discount rate. When the price is approved after the discount, the new price of the program will be clarified on the website. It is available to all customers who wish to take advantage of the new price and participate in the activities of the training program
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