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Strategic Financial Management

By: TSI Limited

Lagos State, Nigeria

13 - 15 Jul, 2015  3 days

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Strategic Financial Management refers to both the financial implications and aspects of various business strategies and the strategic management of finance. If a company wants to be a blue chip enterprise or a great enterprise for an all time investment, it will have to adopt strategic approaches to cost management, sales and revenue management, fund-raising and fund development and costbenefit analysis for every prime decision of expansion, diversification, downsizing and renovation

Course Objectives:

  • By the end of the course, participants will be able to:
  • Understand the limitations of traditional accounting models in an increasingly dynamic and fast changing world
  • Contribute more effectively to corporate strategy by taking a more proactive and forward looking approach
  • React to conditions of rapid change through enhanced awareness, anticipation and adaptation
  • Understand and use alternative expressions of profit that start with a recognition of the impact on cash flow of the various stakeholders in a company
  • Monitor the success of projects, strategies and even total businesses by articulating NPVs over time
  • Be more confident in decision making and dealing with accountants and other specialists
  • Assess the strategic financial performance of the company and compare it with that of competitors 
  • Understand the significance of cash flow and working capital management 
  • Understand the concepts of strategic price setting 
  • Understand how strategic financial management fits together in an integrative model

Course Outline

Introduction to Accounts  

  • Why are accounts needed?
  • Key conventions and rules
  • Financial accounts
  • Management accounts
  • Analyzing key financial statements

Strategic analysis of financial performance

  • Ratio analysis
  • The "Weinstock" performance ratios
  • Competitor analysis
  • Benchmarking

Analyzing the cost structure

  • Different types of cost - fixed, variable
  • Marginal costing
  • Full costing
  • Cost drivers and activity based costing
  • Breakeven and contribution analysis
  • Margin analysis

Cash flow and working capital control

  • The cash flow cycle-Measures of solvency
  • Capital investment budgeting

Financial control of the business

  • The whole company budget process
  • Integrating forecasting planning and budgeting
  • Driving performance improvement through the budget
  • Setting appropriate KPI's-Performance review process
  • Multi -year budgeting

Pricing issues

  • Price differentiation
  • The supply and demand relationship
  • The significance of volume and the experience curve
  • Continuous improvement
  • Dealing with competition
  • Investment appraisal
  • Cash versus profit measures
  • Forms of appraisal
  • payback, DCF, IRR-Allocating scarce funds

Funding growth

  • Sources of additional funds
  • The significance of gearing
Sizzler House, 33 International Airport Road, Ajao Estate, Lagos, Nigeria Jul 13 - 15 Jul, 2015
NGN250,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639, +2348023019508,

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