Strategic Finance Management Training Course

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

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 Maximisation 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 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 3

• 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 

Day 4

• 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