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Understanding Finance to Influence Strategic Decisions

By: GLOMACS Training and Consultancy

United Kingdom

09 - 13 Jan, 2017  5 days

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USD 5,500

This interactive and user-friendly seminar answers the questions you have always wanted to ask about finance and strategic management:

  • What are the core principles of finance and their links with strategic decisions, planning and budgeting?
  • What are the financial tools, techniques and know-how that influence strategic decision-making?
  • How are these tools and techniques practically applied in real-life business situations?

To answer these questions and many more, the Instructors own commercial career experiences and many other real-world business scenarios are shared throughout this exciting seminar to illustrate and reinforce the use of the essential financial tools and techniques.

Their use will enable non-financial and financial professionals at every level to make better-informed decisions to improve organizational performance and increase corporate value, with the aim of achieving the primary commercial objective of maximization of shareholder wealth.

This seminar will highlight:

  • Linking business and financial strategic decision-making processes with financial planning and budgeting
  • Clarification of the financial statements and their links with financial planning, budgeting and decision-making
  • Alternative costing systems, budgeting and measurement systems that support financial decision-making
  • Capital investment decision-making using discounted cash flow (DCF), and long-term debt and equity financing decisions, capital structure and the weighted average cost of capital (WACC)
  • Linking key performance indicators (KPIs) to strategic decisions using a balanced scorecard, and the management of financial risk, interest rate and foreign currency exchange rate exposures

Objectives

By the end of this seminar, you will have significantly upskilled to be able to:

  • Think strategically and use the strategic management process and its links to key performance indicator (KPI) systems as a basis for improved decision-making to maximize shareholder wealth
  • Analyze and interpret the income statement, balance sheet, and statement of cash flows, and use appropriate costing and measurement systems for more effective planning and budgeting, management of working capital and cash flow, and improved financial performance
  • Identify the alternative sources of long-term finance, and evaluate the models of optimum capital structure and minimization of the weighted average cost of capital (WACC)
  • Apply the technique of discounted cash flow (DCF) for evaluation of capital project investments, and capital budgeting
  • Use the techniques of uncertainty analysis and risk analysis and develop appropriate risk management tools, and insurance and hedging of interest rates and foreign currency exchange rates

Training Methodology

This seminar is presented in a very hands-on way to suit individuals with varying levels of financial knowledge and experience. To provide a thorough training in the subjects covered, the Instructor uses a variety of proven adult learning teaching and facilitation techniques. It is conducted along workshop principles with formal presentations, numerous worked examples, and real-world experiences and scenarios. Interactive team case studies and exercises reinforce the application of each of the learning points and topics covered.

Difficult mathematical concepts are minimized wherever possible and handled in a visual way that is easy to understand – our aim is for this to be an enjoyable learning experience.

Organizational Impact

  • You will go back to your workplace with an up-to-date and relevant skillset that will benefit your organization through:
  • Recognizing the important ways in which finance influences strategic decision-making
  • Developing the ability to think strategically - long-term and wide-ranging - and understanding the factors that impact on strategic decision-making
  • Understanding how the key financial statements and alternative costing systems are used as the basis for developing financial plans and budgets
  • Evaluating the financial consequences of alternative strategic decisions relating to, for example, investment and capital structure, with the aim of maximization of shareholder wealth
  • Mitigating and minimizing financial risk through risk analysis and the effective use of the appropriate techniques of risk management
  • Communicating more effectively with financial professionals and sharing throughout the organization the knowledge gained from the seminar

Personal Impact

  • This seminar will greatly improve your understanding of how strategies are developed and the influence of financial factors on strategic decision-making and the impact of the consequences of those decisions through:
  • An appreciation of the various analytical models used in the formulation of strategy, and the links between strategic objectives and financial and non-financial key performance indicators (KPIs) using a balanced scorecard
  • A clear understanding of exactly how the financial statements and alternative costing systems are used to support effective decision-making, financial planning and budgeting
  • Evaluating how two of the most important features of corporate finance, capital structure (the proportions of debt and equity financing) and weighted average cost of capital (WACC), critically impact on organizational performance and the maximization of shareholder wealth
  • Being able to apply the DCF techniques of net present value (NPV), internal rate of return (IRR), modified internal rate of return (MIRR), and equivalent annual cost (EAC) to evaluate new capital project investments, and the techniques of capital budgeting, capital rationing and the profitability index (PI) to determine how financial resources may be optimally allocated between alternative investment projects
  • Considering how risk may be most effectively managed using the appropriate risk management tools, and insurance and hedging of interest rates and foreign currency exchange rates
  • Improving your self-confidence to be better placed to deal with financial and other professionals on financial and strategic issues

Who Should Attend?

An understanding of how finance influences strategic decision-making is crucial for every role and at every management level in any organization. This seminar is essential for a wide range of professionals from companies, corporations and governmental organizations, and in addition to interns, financial analysts, financial controllers, accountants and others active in the planning process this seminar will greatly benefit business professionals working in:

  • General Management
  • Sales and Marketing
  • Estimating and Costing
  • Operations
  • Engineering
  • Project Management
  • Procurement
  • Logistics
  • Asset Management
  • Human Resources
  • And any other financial and non-financial professionals that need or wish to understand the financial aspects of the strategic decision-making process.

Seminar Outline

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 maximization 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 funding
  • Cost of equity, cost of debt, and the weighted average cost of capital (WACC)
  • Capital structure models to minimize WACC
  • Preparing a long-term financial plan to determine funding requirements

DAY 3

  • Costing Systems, Budgets and Measurement Systems that Support Financial Decision-making
  • Costs and activities
  • Cost behavior
  • Fixed costs and variable costs
  • Cost/volume/profit (CVP) relationships, contribution and break-even analysis
  • Direct and indirect costs
  • Activity-based costing (ABC)
  • 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 minimize risk
  • Insurance and hedging
  • Interest rate risk and foreign currency exchange rate risk
London Jan 09 - 13 Jan, 2017
USD 5,500.00
(Convert Currency)

0097144250700

Special deals available on group bookings
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