Curriculum
- 5 Sections
- 35 Lessons
- 10
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- Module 1: The Business & Financial Environment6
- Module 2: Financial Statements & Financial Analysis for Executive Decision Making6
- 2.1Corporate financial information: – Internal & external
- 2.2The key elements of published annual financial reports
- 2.3Financial statements analysis to evaluate financial performance to improve liquidity, profitability, & efficiency
- 2.4Working capital management
- 2.5Cash flow statements and calculating free cash flow
- 2.6Predicting business failure with ratios and other key indicators
- Module 3: Strategic Financial Decision Making11
- 3.1Financing the business – Why and when?
- 3.2Financing principles, short-term vs. long-term, debt vs. Equity
- 3.3Sources and types of finance
- 3.4Determining the cost of long-term finance – The cost of capital models:
- 3.5Cost of Equity (Ke) – Dividend Valuation Model
- 3.6Cost of Equity (Ke) – Capital Asset Pricing Model
- 3.7Cost of Debt (Kd)
- 3.8Weighted Average Cost of Capital (WACC)
- 3.9Review of external growth strategies
- 3.10Mergers, acquisitions and joint ventures
- 3.11Review of restructuring strategies: Demergers, spin-offs, unbundling, MBO, MBI, BIMBO
- Module 4: The Executives Role in Capital Investment6
- 4.1The capital investment process
- 4.2Basic appraisal techniques – ARR and Payback
- 4.3Why you should consider the time value of money?
- 4.4Discounted cash flow appraisal techniques – NPV and IRR
- 4.5Practical issues to consider in NPV appraisal – Inflation, Capital Rationing, Risk and Uncertainty
- 4.6Managing risk & uncertainty
- Module 5: Executive Management & Control of Budgets6
- 5.1The purpose and importance of budgeting
- 5.2Different budgeting models – Are They Relevant for Your Business?
- 5.3Preparing, negotiating & implementing the budget
- 5.4Controlling the budget
- 5.5Variance analysis
- 5.6Using budgets to aid decision making: Cost / Volume / Profit (CVP) analysis & break-even analysis