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Strategic Finance Management Course

By: LCL Coaches Consultants  

Lagos State, Nigeria

24 - 28 Oct, 2022  5 days

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NGN 157,500

Venue: On-Site Live in Lagos/Interactive Online Live

All businesses are designed to compete and succeed in the marketplace through the use of a “Unique Selling Point or USP.”  This allows the business to stand apart from the competition and it gives customers a compelling reason to purchase products or services from that particular business. However, for any business to succeed and grow in the long run, this unique selling point needs to be matched with a strong financial management plan.  Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

Training Objective

By the end of this training, participants will  be able to:

  • Think strategically and use the strategic management process and its links to KPI systems as a basis for improved decision-making to maximise shareholder wealth
  • Analyse 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 minimisation of WACC
  • Apply the technique of DCF for evaluation of capital project investments, and capital budgeting
  • Use the techniques of uncertainty and risk analysis and develop appropriate risk management tools, and insurance and hedging of interest rates and foreign currency exchange rates

Day One

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 Two

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 Three

  • 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
  • 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 Four

  • 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
On-Site Live in Lagos/Interactive Online Live Oct 24 - 28 Oct, 2022
NGN 157,500.00(Group Discount Available)
(Convert Currency)

Olusina Lajorin 09026713101, 08033241313

Group discount apply
Olusina Lajorin

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