Course Information
- Course Price
- Location Paris Courses
- Course Code MBFRMG
- Course Date 10 Mar - 21 Mar 2025
Course Objective
This course offers insights into the world of corporate finance, risk, and governance. This course offers an overview of the interaction between management and all other stakeholders. This course not only presents the key financial tools generally used, but also explains the broader context of how and where they are applied to obtain meaningful answers. It provides a conceptual backdrop both for the financial/economic dimensions of strategic business management and for understanding the nature of financial statements, analysing data, planning and controlling. The course is targeted at providing a university-quality �MBA� overview of finance, risk management, and corporate governance. Participants are expected to be high-potential learners seeking the next level of learning.
Who Should Attend
Delegates who work in the following areas may gain the most: Accounting, Operations, Technical, Administration, Procurement, Planning, Sales & Marketing, Research & Development.
Course Overview
What is Finance & Working Capital � liquidity or bankruptcy?
Finance is a numbers game. Yet finance is more than the numbers
The three major components of finance. Working capital (WC) vs. Current ratio
The critical ratios to compute. What should they be & why?
Case study � calculating working capital under varying circumstances
Capital Structure � what it is & why it is important
Equity capital � calculating it costs/required rate of return
Debt capital � what is it really. Debt capital � calculating it costs/required rate of return
Weighted Cost of Capital (WACC) � why it is so important. Calculating your WACC
Leverage: two-edged sword - defined
Case study � the impact of leverage under 3 scenarios
CAPEX - Analysis of Investment Decisions with What-if Risks
Cash Flows and the Time Value of Money. The capital project evaluation process
Net present value (NPV) & Internal Rate of Return (IRR) as preferred methods
Profitability Index (PI) & Modified Internal Rate of Return (MIRR) as reasonable alternatives
Dealing with Risk and Changing Circumstances � how do we explain?
Cost of Capital and Return Standards. Benchmarking Discount & Hurdle rates
Case study - develop & analyse a capital budget
Risk management as an integral part of Corporate Governance
Understanding uncertainty and risk/opportunity. Identifying strategic financial risks
Identifying operational risk. Identifying functional financial risks
Assessing financial risks in each perspective. Finding our corporate risk profile
Quantitative and qualitative risks. Performance measures � the need for FRM/ERM
Other risk issues to be concerned with: Joint ventures, alliances, product liability, etc
Case study � analyse a full risk model
Corporate governance
What is Corporate Governance? Corporate Governance environment
Relevance of Corporate Governance
Perspectives on Corporate Governance.
Corporate Governance models. Structure & practices
Emerging trends in Corporate Governance. Principal-Agent theory and applications
Independence in fact versus appearance
Case study � corporate governance choices
Course Materials
This program will help you learn how to:
Better appreciate the finance/ /governance approach
Integrate business plans and strategic intent
Improve productivity during the decision-making process
Understand the relationships between the financial statements
Understand how to use financial statements to evaluate the financial performance of an organization
Leverage the budgeting process, including performance evaluation
Understand cost behaviour and its impact on management decisions
Communicate and to question financial information effectively