PROGRAMME TITLE
STRATEGIC FINANCIAL MANAGEMENT
Program Objective
Managers and other senior professionals are frequently called upon to make decisions based on accounting and financial parameters. This requires them to develop the skills necessary to assess the output of accounting and financial systems.
The objective of this program is to facilitate learning of accounting and finance concepts, methods and applications. The participants will develop skills to leverage knowledge in accounting and finance in order to competitively position their organizations.
Program Content
Session 1 Introduction
• Objetive of financial management.
• Time value of money
Session 2 Cost of Capital
• Dividend Valuation Model
• Cost of Debt
• WACC
• MCC
Session 3 Incorporating systematic risk –Cost of Capital
• CAPM
• Extended CAPM.
• Link between Investment and Financing Decisions
Session 4 Capital Structure
• Traditional theories
• MM approach
Session 5 Investment Appraisal • ROFE/NPV/IRR/PB
• Limitations of IRR.
• MIRR
Session 6 Investment Appraisal
• Case Study
Session 7 Investment Appraisal
Case Study , contd.
Session 8- Leasing.
· Accounting treatment.
· Evaluation of Lease.
Session 9 – Expansion and Contraction
· Mergers and the market for corporate control
Session 10 – Expansion and Contraction , contd.
· Divestitures, Spin-Offs, Equity Carve –Outs, Levarged buyouts etc.
Session 11- Strategy and Balanced Scorecard
· Implementation.
· The four perspectives.
· Pitfalls.
Session 12- Strategic Profitability Analysis.
· Strategic Operating Income Analysis.
Session 13- Cost control and management.
· Evolution.
· Incorporating changing environment.
Session 14- Target Costing and Standard Costing.
· Case Study.
Session 15- . Target Costing and Standard Costing.
· Case Study , Contd.
Session 16- Recap.
Participants’ Profile
Senior Executives