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Team building and team building events |
FINANCE FOR EXECUTIVES (CORPORATE FINANCE) A TWO DAY COURSE
FOR EXECUTIVES AND OTHERS WHO HAVE A NEED TO UNDERSTAND AND USE CORPORATE
FINANCE This course
explores elements of corporate finance of relevance to executives. It
considers the role of the balance sheet and the importance of reviewing cash
flow and profitability together. The major accounting ratios will be reviewed
including return on capital employed (ROCE) and gearing. The course will also
review the concept of the time value of money and discounted cash flow. Net
present value (NPV) and internal rate of return (IRR) will be explored and
their importance in corporate finance and project appraisal. The course will
review sources of corporate finance covering the difference between equity
and debt and approaches to choosing between them. Finally methods for valuing
shares and corporate value will be reviewed. Participants will
leave the course with a clearer understanding of how organisations are
financed and how their financial performance is assessed. COURSE CONTENTS Financing an enterprise: Sources of
finance - equity and debt Equity - ordinary
shares and preference shares Debt - loans and
bonds; variations Choosing between
debt and equity: Cost of capital
and the weighted average cost of capital Gearing and
interest cover Tax effects Other factors Project & corporate finance: Risk reward
factors - risk premiums The opportunity
cost of capital The time value of
money, future values and present values - compounding, discounting, annuities
and perpetuities The capital asset
pricing model and risk in equities Evaluating
investment projects - net present value (NPV) and internal rate of return
(IRR) Financial markets & evaluating
corporate performance: Ratio analysis Investor ratios Maintaining
shareholder value through value based management: Opportunity cost
of capital and performance spread Total shareholder
return (TSR) METHOD A mixture of
lecture input, discussion and practical work will be used. |
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