This leading edge 10-day GLOMACS training seminar entitled, The Oxford Advanced Finance Programme is a must for all those who would like to attend a course that comprehensively deals with all the key topics of strategic management, financial planning, and financial management. It is also for those who wish to sharpen up their financial management skills, or who wish to refresh or update the skills they already have.
The 10-day GLOMACS training seminar highlights:
Strategic decision-making, financial planning, forecasting and budgeting
The financial statements and their links with financial planning, budgeting and decision-making
Ratio analysis of the income statement, balance sheet, and statement of cash flows
Traditional costing, and Activity Based Costing (ABC), Budgeting (ABB) and Management (ABM)
Financing decisions, capital structure optimisation, and Weighted Average Cost of Capital (WACC)
Performance measurement systems including budgeting and budgetary control, and the linking of KPIs to strategies using a balanced scorecard
Interest rate and foreign currency exchange rate risk exposures, and financial risk management
Capital project investment appraisal using Discounted Cash Flow (DCF), business valuations, acquisitions and restructuring
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
Objectives
This GLOMACS training seminar provides delegates with the knowledge required to find better answers to questions such as:
How are business strategies developed?
How does financial management support strategic development?
What is the exact nature and scope of the business problems to be analysed?
Which specific variables, relationships, and trends are likely to be helpful in analysing problems?
Are there possible ways to obtain a quick ‘ballpark’ estimates of likely outcomes of decisions?
How precise an answer is necessary with regards to problem-solving and decision-making?
How reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions?
In economic and financial analysis, what are the implications and relative importance of cash flow as distinct from accounting profit?
What limitations are inherent in financial data and the key financial statements, and how will these affect financial analysis?
How important are qualitative judgments in the context of decision-making?
Training Methodology
This GLOMACS training seminar entitled, The Oxford Advanced Finance Programme includes numerous practical examples and real life illustrations, and participative exercises and case studies. It will be presented in a very user-friendly way to suit individuals with varying levels of financial knowledge and experience. Our aim is for this to be an enjoyable learning experience. The training methodology combines presentations, discussions, team exercises and case studies. Delegates will gain both a theoretical and a practical knowledge of all 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.
Organisational Impact
This GLOMACS training seminar will enable delegates to:
Recognise the importance of finance as a component of the strategic decision-making process
Appreciate the significance of the theoretical concepts underlying the use of financial tools in the strategic decision-making process
Apply the appropriate financial tools in the strategic decision-making process
Identify the impact of external factors on a company’s strategic financial plans and decision-making
Evaluate the financial consequences of alternative strategic decisions
Organisations should benefit from an increase in the ability of their managers to understand and analyse the key financial statements and anticipate the financial factors that form the basis of strategic decision-making, which should ultimately result in better strategic planning, and improved company performance.
All the topics in this training seminar are considered in the context of maximisation of shareholder wealth, which is the primary objective of all commercial organisations.
Personal Impact
Enable individuals to broaden their financial knowledge, develop and manage the financial aspects of their role more effectively, and enhance their performance
Increase their self-confidence in dealing with financial issues and financial professionals
Better understanding of how financial considerations help to support an organisation's strategic decisions
Enable them to better appreciate how such decisions may affect their own departments or business units, as well as their companies
Acquire the ability, when involved in decisions about investment, operations, or financing, to choose the most appropriate tools from the wide variety of financial techniques available to provide a quantitative analysis
Who Should Attend?
This GLOMACS training seminar is designed for business professionals that need or wish to understand the financial aspects of the strategic decision-making process. It is crucial for every role and at every management level in the organisation, including for example:
Sales and Marketing
Engineering
Project Management
Purchasing
Logistics
Human Resources, and is a ‘must’ for:
Interns, financial analysts, financial controllers, accountants, treasurers, corporate planning and business development professionals, and others active in the planning process
Middle and junior management as a useful element in their career advancement
All participants will be able to offer their input, based on their individual experiences, and will find the training seminar a useful forum for upgrading and enhancing their understanding of best corporate financial practices in the areas covered.
Course Outline
Module I: Understanding Finance to Influence Strategic Decisions
DAY 1
Linking Strategic Management and Decision-Making with Financial Planning and Budgeting
Strategy and Strategic Management
Vision, Mission, and Objectives
Key Features of Strategic Decision-making
Rolling out and Implementing Strategies
Value Creation and Maximisation of Shareholder Wealth
Corporate Objectives, Accountability, and Corporate Governance
Management Accounting and the links between Strategic Planning and Budgeting
DAY 2
The Financial Statements and Their Links with Planning and Financial Decisions
The Three Key Financial Statements
Balance Sheet
Income Statement
Statement of Cash Flows
Sources of Internal and External Financing
Cost of Equity, Cost of Debt, and the Weighted Average Cost of Capital (WACC)
Capital Structure Models to minimise WACC
Preparing a Long-term Financial Plan to Determine Financing Requirements
DAY 3
Costing Systems and Measurement Systems that Support Financial Decision-Making
Costs and Activities
Cost Behaviour
Fixed Costs and Variable Costs
Cost-Volume-Profit (CVP) Relationships, Break-even and Sensitivity Analysis
Direct and Indirect Costs
Activity Based Costing (ABC) and Management (ABM)
Refining the Costing System for improved Decision-making
DAY 4
Capital Investment Decisions
Future Values, Present Values and Discounted Cash Flow (DCF)
Capital Budgeting Principles
Evaluating Capital Investment Projects using Accounting Rate of Return (ARR) and Payback
DCF Evaluation Methods of Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Equivalent Annual Cost (EAC)
Deciding on which Investment Appraisal Methods to Use
Capital Budgeting, Capital Rationing and the Profitability Index (PI)
Further Factors to Consider in Investment Appraisal
DAY 5
Linking Performance Measures to Strategic Decisions and Financial Risk Management
Linking Strategic Objectives to Key Performance Indicators (KPIs) in a Balanced Scorecard
Obstacles to Achieving Strategic Objectives created by the Accounting and Costing System
Uncertainty and Risk Analysis
Types of Business Risk and Financial Risk
Risk Management Principles
Development of Risk Management Tools to Mitigate and Minimise Risk
Insurance and Hedging
Interest Rate Risk and Foreign Currency Exchange Rate Risk
Module II: Financial Analysis, Planning and Control
DAY 6
The Challenge of Financial Economic Decision-Making
The Practice of Financial / Economic Analysis
The Value-creating Company
Corporate Value and Shareholder Value
A Dynamic Perspective of Business
The Agency Problem and Corporate Governance
What information and data to use?
The Nature of Financial Statements
The Context of Financial Analysis and Decision-making
DAY 7
Assessment of Business Performance
Ratio Analysis and Business Performance
Management’s Point of View
Owners’ Point of View
Lenders’ Point of View
Ratios as a System – Pyramids of Ratios
Integration of Financial Performance Analysis
Economic Value Added (EVA)
Predicting Financial Distress
DAY 8
Projection of Financial Requirements
Interrelationship of Financial Projections
Operating Budgets
Standard Costing and Variance Analysis
Cash Forecasts and Cash Budgets
Sensitivity Analysis
Dynamics and Growth of the Business System
Operating Leverage
Financial Growth Plans
Financial Modelling
DAY 9
Analysis of Investment Decisions
Applying Time-adjusted Measures
Net Present Value (NPV) and Internal Rate of Return (IRR)
Strategic Perspective
EVA and NPV
Refinements of Investment Analysis
Equivalent Annual Cost (EAC)
Modified Internal Rate of Return (MIRR)
Sensitivity Analysis, Scenario Analysis, Simulation, and NPV Break-even
Dealing with Risk and Changing Circumstances
DAY 10
Valuation and Business Performance
Managing for Shareholder Value
Shareholder Value creation in Perspective
Evolution of Value-based Methodologies
Creating Value in Restructuring and Combinations
Financial Strategy in Acquisitions
Business Valuation
Business Restructuring and Reorganisations
Management Buy Outs (MBOs) and Management Buy Ins (MBIs)
Certificates
On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations
Endorsed Education Provider
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
In Association With
Oxford Management Centre
A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.
Modern Techniques in Decision Making Process and their Applications
Upcoming Dates
Code
Date
Venue
Fees
FI024
02 - 13 Oct 2023
London - UK
$11,900
FI024
13 - 24 Nov 2023
London - UK
$11,900
FI024
08 - 19 Jan 2024
London - UK
$11,900
FI024
10 - 21 Jun 2024
London - UK
$11,900
FI024
22 Jul - 02 Aug 2024
Paris - France
$11,900
FI024
09 - 20 Sep 2024
Amsterdam - The Netherlands
$11,900
FI024
30 Sep - 11 Oct 2024
London - UK
$11,900
FI024
11 - 22 Nov 2024
London - UK
$11,900
FI024
25 Nov - 06 Dec 2024
Amsterdam - The Netherlands
$11,900
Introduction
This leading edge 10-day GLOMACS training seminar entitled, The Oxford Advanced Finance Programme is a must for all those who would like to attend a course that comprehensively deals with all the key topics of strategic management, financial planning, and financial management. It is also for those who wish to sharpen up their financial management skills, or who wish to refresh or update the skills they already have.
The 10-day GLOMACS training seminar highlights:
Strategic decision-making, financial planning, forecasting and budgeting
The financial statements and their links with financial planning, budgeting and decision-making
Ratio analysis of the income statement, balance sheet, and statement of cash flows
Traditional costing, and Activity Based Costing (ABC), Budgeting (ABB) and Management (ABM)
Financing decisions, capital structure optimisation, and Weighted Average Cost of Capital (WACC)
Performance measurement systems including budgeting and budgetary control, and the linking of KPIs to strategies using a balanced scorecard
Interest rate and foreign currency exchange rate risk exposures, and financial risk management
Capital project investment appraisal using Discounted Cash Flow (DCF), business valuations, acquisitions and restructuring
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
Objectives
This GLOMACS training seminar provides delegates with the knowledge required to find better answers to questions such as:
How are business strategies developed?
How does financial management support strategic development?
What is the exact nature and scope of the business problems to be analysed?
Which specific variables, relationships, and trends are likely to be helpful in analysing problems?
Are there possible ways to obtain a quick ‘ballpark’ estimates of likely outcomes of decisions?
How precise an answer is necessary with regards to problem-solving and decision-making?
How reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions?
In economic and financial analysis, what are the implications and relative importance of cash flow as distinct from accounting profit?
What limitations are inherent in financial data and the key financial statements, and how will these affect financial analysis?
How important are qualitative judgments in the context of decision-making?
Training Methodology
This GLOMACS training seminar entitled, The Oxford Advanced Finance Programme includes numerous practical examples and real life illustrations, and participative exercises and case studies. It will be presented in a very user-friendly way to suit individuals with varying levels of financial knowledge and experience. Our aim is for this to be an enjoyable learning experience. The training methodology combines presentations, discussions, team exercises and case studies. Delegates will gain both a theoretical and a practical knowledge of all 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.
Organisational Impact
This GLOMACS training seminar will enable delegates to:
Recognise the importance of finance as a component of the strategic decision-making process
Appreciate the significance of the theoretical concepts underlying the use of financial tools in the strategic decision-making process
Apply the appropriate financial tools in the strategic decision-making process
Identify the impact of external factors on a company’s strategic financial plans and decision-making
Evaluate the financial consequences of alternative strategic decisions
Organisations should benefit from an increase in the ability of their managers to understand and analyse the key financial statements and anticipate the financial factors that form the basis of strategic decision-making, which should ultimately result in better strategic planning, and improved company performance.
All the topics in this training seminar are considered in the context of maximisation of shareholder wealth, which is the primary objective of all commercial organisations.
Personal Impact
Enable individuals to broaden their financial knowledge, develop and manage the financial aspects of their role more effectively, and enhance their performance
Increase their self-confidence in dealing with financial issues and financial professionals
Better understanding of how financial considerations help to support an organisation's strategic decisions
Enable them to better appreciate how such decisions may affect their own departments or business units, as well as their companies
Acquire the ability, when involved in decisions about investment, operations, or financing, to choose the most appropriate tools from the wide variety of financial techniques available to provide a quantitative analysis
Who Should Attend?
This GLOMACS training seminar is designed for business professionals that need or wish to understand the financial aspects of the strategic decision-making process. It is crucial for every role and at every management level in the organisation, including for example:
Sales and Marketing
Engineering
Project Management
Purchasing
Logistics
Human Resources, and is a ‘must’ for:
Interns, financial analysts, financial controllers, accountants, treasurers, corporate planning and business development professionals, and others active in the planning process
Middle and junior management as a useful element in their career advancement
All participants will be able to offer their input, based on their individual experiences, and will find the training seminar a useful forum for upgrading and enhancing their understanding of best corporate financial practices in the areas covered.
SEMINAR OUTLINE
Module I: Understanding Finance to Influence Strategic Decisions
DAY 1
Linking Strategic Management and Decision-Making with Financial Planning and Budgeting
Strategy and Strategic Management
Vision, Mission, and Objectives
Key Features of Strategic Decision-making
Rolling out and Implementing Strategies
Value Creation and Maximisation of Shareholder Wealth
Corporate Objectives, Accountability, and Corporate Governance
Management Accounting and the links between Strategic Planning and Budgeting
DAY 2
The Financial Statements and Their Links with Planning and Financial Decisions
The Three Key Financial Statements
Balance Sheet
Income Statement
Statement of Cash Flows
Sources of Internal and External Financing
Cost of Equity, Cost of Debt, and the Weighted Average Cost of Capital (WACC)
Capital Structure Models to minimise WACC
Preparing a Long-term Financial Plan to Determine Financing Requirements
DAY 3
Costing Systems and Measurement Systems that Support Financial Decision-Making
Costs and Activities
Cost Behaviour
Fixed Costs and Variable Costs
Cost-Volume-Profit (CVP) Relationships, Break-even and Sensitivity Analysis
Direct and Indirect Costs
Activity Based Costing (ABC) and Management (ABM)
Refining the Costing System for improved Decision-making
DAY 4
Capital Investment Decisions
Future Values, Present Values and Discounted Cash Flow (DCF)
Capital Budgeting Principles
Evaluating Capital Investment Projects using Accounting Rate of Return (ARR) and Payback
DCF Evaluation Methods of Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Equivalent Annual Cost (EAC)
Deciding on which Investment Appraisal Methods to Use
Capital Budgeting, Capital Rationing and the Profitability Index (PI)
Further Factors to Consider in Investment Appraisal
DAY 5
Linking Performance Measures to Strategic Decisions and Financial Risk Management
Linking Strategic Objectives to Key Performance Indicators (KPIs) in a Balanced Scorecard
Obstacles to Achieving Strategic Objectives created by the Accounting and Costing System
Uncertainty and Risk Analysis
Types of Business Risk and Financial Risk
Risk Management Principles
Development of Risk Management Tools to Mitigate and Minimise Risk
Insurance and Hedging
Interest Rate Risk and Foreign Currency Exchange Rate Risk
Module II: Financial Analysis, Planning and Control
DAY 6
The Challenge of Financial Economic Decision-Making
The Practice of Financial / Economic Analysis
The Value-creating Company
Corporate Value and Shareholder Value
A Dynamic Perspective of Business
The Agency Problem and Corporate Governance
What information and data to use?
The Nature of Financial Statements
The Context of Financial Analysis and Decision-making
DAY 7
Assessment of Business Performance
Ratio Analysis and Business Performance
Management’s Point of View
Owners’ Point of View
Lenders’ Point of View
Ratios as a System – Pyramids of Ratios
Integration of Financial Performance Analysis
Economic Value Added (EVA)
Predicting Financial Distress
DAY 8
Projection of Financial Requirements
Interrelationship of Financial Projections
Operating Budgets
Standard Costing and Variance Analysis
Cash Forecasts and Cash Budgets
Sensitivity Analysis
Dynamics and Growth of the Business System
Operating Leverage
Financial Growth Plans
Financial Modelling
DAY 9
Analysis of Investment Decisions
Applying Time-adjusted Measures
Net Present Value (NPV) and Internal Rate of Return (IRR)
Strategic Perspective
EVA and NPV
Refinements of Investment Analysis
Equivalent Annual Cost (EAC)
Modified Internal Rate of Return (MIRR)
Sensitivity Analysis, Scenario Analysis, Simulation, and NPV Break-even
Dealing with Risk and Changing Circumstances
DAY 10
Valuation and Business Performance
Managing for Shareholder Value
Shareholder Value creation in Perspective
Evolution of Value-based Methodologies
Creating Value in Restructuring and Combinations
Financial Strategy in Acquisitions
Business Valuation
Business Restructuring and Reorganisations
Management Buy Outs (MBOs) and Management Buy Ins (MBIs)
There was a problem sending your message. Please try again.
Please complete all the fields in the form before sending.
SHARE
HIDE
LinkedIn
Facebook
Twitter
WhatsApp
Email
Other
Sharing
This Glomacs programme will help you understand the important areas of financial Management from Understanding Finance to Influencing Strategic Decisionshttps://glomacs.com/wp-content/uploads/2020/03/FI024.jpg