Strategic Financial Management
Accounting and Auditing
Course Overview
Financial management is a discipline that affects every area of business – it is central to the processes of resource transformation and shareholder value. Whilst business is concerned with several relationships, with customers and employees – its relationships with the providers of finance are central to the strategic decision-making process.
In order for organisations to be effective, maintain their niches and be competitive, they have to align their finances with their strategies. This requires their managing their finances strategically. In this course, participants will be taught how to align the finances of their organisations with their strategies.
Course Objectives
- To introduce fundamental bookkeeping and accounting concepts to course participants to enable them to manage the financial aspects of their role more effectively.
- To review the different approaches taken in the public and private sector
- To make sense of key financial statements and some key ratios
- To enable participants to manage financial aspects of projects more effectively
- To participate more knowledgeably in the budgeting process.
Course Outline
| 1. | Financial Policy and Corporate Strategy | ||||||||||||||||||||
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| Strategic decision making framework | |||||||||||||||||||||
| Interface of Financial Policy and strategic management | |||||||||||||||||||||
| Balancing financial goals vis sustainable growth. | |||||||||||||||||||||
| 2. | Project Planning and Capital Budgeting | ||||||||||||||||||||
| Feasibility study | |||||||||||||||||||||
| Cash flow Projections – Impact of taxation, depreciation, inflation and working capital | |||||||||||||||||||||
| Capital Budgeting Decisions - Certainty Equivalent approach, Evaluation of Risky Investment Proposals, Risk and Return analysis, Simulation and decision tree analysis, Sensitivity analysis, Capital Rationing, Adjusted Net Present Value, Replacement decisions, Application of Real Options in capital budgeting, Impact of inflation on capital budgeting decisions | |||||||||||||||||||||
| Preparation of Project Report | |||||||||||||||||||||
| Social cost benefit analysis. | |||||||||||||||||||||
| 3. | Leasing decision including cross border leasing | ||||||||||||||||||||
| 4. | Dividend Decisions | ||||||||||||||||||||
| Dividend theories, Determinants of dividend policies. | |||||||||||||||||||||
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| 6 | Security Analysis | ||||||||||||||||||||
| Fundamental analysis - Economic analysis, Industry analysis and Company Analysis | |||||||||||||||||||||
| Bond valuation, Price Yield relationship, Bond Price forecasting – application of duration and convexity, Yield curve strategies | |||||||||||||||||||||
| Technical Analysis – market cycle model and basic trend identification, different types of charting, support and resistance, price patterns, moving averages, Bollinger Bands, momentum analysis. | |||||||||||||||||||||
| 7. | Portfolio Theory and Asset Pricing | ||||||||||||||||||||
| Efficient Market Theory – Random walk theory ; Markowitz model of risk return optimization | |||||||||||||||||||||
| Capital Asset Pricing Model (CAPM) | |||||||||||||||||||||
| Arbitrage Pricing Theory (APT) | |||||||||||||||||||||
| Sharpe Index Model | |||||||||||||||||||||
| Portfolio Management - Formulation, Monitoring and Evaluation | |||||||||||||||||||||
| Equity Style Management | |||||||||||||||||||||
| Principles and Management of Hedge Funds | |||||||||||||||||||||
| International Portfolio Management. | |||||||||||||||||||||
| 8. | Financial Services in India | ||||||||||||||||||||
| Investment Banking | |||||||||||||||||||||
| Retail Banking | |||||||||||||||||||||
| On Line Share Trading | |||||||||||||||||||||
| Depository Service. | |||||||||||||||||||||
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| 10. | Money Market operations | ||||||||||||||||||||
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| 12. | Foreign Exchange Exposure and Risk Management | ||||||||||||||||||||
| Exchange rate determination, Exchange rate forecasting | |||||||||||||||||||||
| Foreign currency market | |||||||||||||||||||||
| Foreign exchange derivatives – Forward, futures, options and swaps | |||||||||||||||||||||
| Management of transaction, translation and economic exposures | |||||||||||||||||||||
| Hedging currency risk. | |||||||||||||||||||||
| 13. | Mergers, Acquisitions and Restructuring | ||||||||||||||||||||
| Meaning of mergers and acquisition, categories, purposes | |||||||||||||||||||||
| Process of mergers and acquisition – Identification and valuation of the target, acquisition through negotiation, due diligence, post – merger integration | |||||||||||||||||||||
| Legal and regulatory requirements | |||||||||||||||||||||
| Merger and Acquisition agreement | |||||||||||||||||||||
| Reverse merger | |||||||||||||||||||||
| Potential adverse competitive effects of mergers | |||||||||||||||||||||
| Corporate Takeovers: Motivations, Co-insurance effect, Cross-border takeovers, Forms of takeovers, Takeover defenses | |||||||||||||||||||||
| Going Private and Other Control Transactions: Leveraged Buyouts (LBOs), Management Buyouts (MBOs), Spin Offs and Asset Divestitures | |||||||||||||||||||||
| Corporate Restructuring : Refinancing and rescue financing, reorganizations of debtors and creditors, Sale of assets, targeted stock offerings, downsizing and layoff programmes, negotiated wage give-backs, employee buyouts. |
Study Online
$250.00
1 Week Face to Face Classes
$2500.00
2 Week Face to Face Classes
$3200.00
Course Features
- 5606 Views
- 8 Weeks Online
- 1-2 Weeks Classes
- Certified