Accounting And Finance::The Accounting and Finance Training Academy is dedicated to promoting professionalism and advancing the standards of accounting and finance application through quality education, research, consulting and practice
|
Untitled Document
corporate training Finance for Finance

LEARNING OUTCOMES –FINANCE FOR FINANCE

 

 

After completion of the two day programme, participants would

 

 

 

  • Be able to understand the need of separating financing costs from investment decision making.
  • Be able to understand the variables to be taken into account while computing discounting factor.
  • Be able to understand the need of divisional returns.
  • Be able to quantify risk in cases of single and multiple investment proposals.
  • Be able to understand the limitations of flexible budgeting and standard costing.
  • Be able to understand the concept of desired profit to be reduced from Target Prices to arrive at allowable cost.
  • Be able to understand the use of a Value Chain for achieving above mentioned allowable cost.
  • Be able to understand the role of Leasing in investment decision making.
  • Be able to understand the importance of identifying variability in order to get a precise cost of the cost object.
  • Be able to utilize the relevant cost concepts along with above mentioned to validate internal projected costs and third party proposals.
  • Be able to utilize concepts of time value of money for working capital component decision making..
  • Understand key differences between erstwhile AS and IndAS concerning Inventory Valuation and Revenue Recognition.
  • Review the financial policies of Mother Dairy 

 

COURSE OUTLINE –FINANCE FOR FINANCE(MOTHER DAIRY)

                                                           

                                                                        DAY-1

 

Session 1

 

  1. Investment Appraisal

 

Case Study       :           ‘Maine Marine Supply Inc’

 

Objective         :           Review of Investment Appraisal    

                                      Techniques(NPV/IRR/PB)

                                      Projection of Cash Flow

                                      Opportunity Cost of self owned land.

                                      Validate third party Capex proposals

 

Time                 :           1 hour 15 minutes

 

 

  1. Strategic Issues in Investment Appraisal                            

 

  • Limitations of IRR/NPV vs IRR/MIRR
  • Risk Analysis in Investment Appraisal
  • Total Risk for Multiple Investments

 

 

Objective         :           Reinvestment assumption and multiple IRRs.

                                    Quantification of Risk

                                    Impact of additional capital investment on total risk

                                   

 

Time                 :           1 hour 15 minutes.

 

 

                                   

  1. Creating Value through Required Returns

 

  • Foundation for value creation
  • Required market based return on single project including leverage adjustment in Beta.
  • WACC vs APV
  • Divisional required returns

 

.

                                     

 

Objective         :           Impact of systematic risk on required returns .

                                    Need of different required returns for different projects.

 

 

Time                 :           1 hour 15 minutes.

 

Session 2

 

 

1.      Leasing

 

  • Introduction and types
  • Accounting and Tax treatment of Leases.
  • Lease vs Buy
  • Sources of value in leasing.

 

Objective         :           To understand leasing as a source of financing.

                                   

 

Time                 :           1 hour 15 minutes

 

 

RECAP

 

DAY-2

 

Session 3

 

  1. Financial Policies, Ind AS, Analysis of Financial Statements and Working Capital Management

 

 

Objective         :           Financial Policies – Mother Dairy

                                    Ratio Analysis

                                    Operating Cycle

                                    Inventory Valuation

                                    Revenue recognition

 

Time                 :           1  hour 15 minutes

 

 

Session 4

 

  1. Cost Management in a changing business environment – a historical perspective

 

  • Evolution
  • Cost Volume Profit era
  • ABC and Target Costing

 

Objective         :           Importance of identifying variability.      

                                    Pricing and Capacity in competitive scenario.

 

Time                 :           1 hour 15 minutes

 

  1. Standard Costing and Variance Analysis

 

Case Study       :           The Case of the Cost Accounting System

 

Objective         :          

  • Usage Variance(Mix and Yield)
  • Price Variance (Pure and Price Efficiency)
  • Production Volume.
  • Selling Price including discount.
  • Overhead Expenses.
  • Reconciliation
  • Behavioural Implications

 

Time                 :           1 hour 15 minutes.

 

 

 

  1. Cost Management using Value Chain Analysis

 

Case Study       :           Montclair Paper Mill

           

Objective         :           Limitations of Standard Costing

                                    Benefits of Value Chain Analysis and Target Costing.

                                    Cost Management in a competitive scenario                             

 

 

Time                 :           1 Hour 30 minutes.

 

RECAP


Click To Answer


 
PROGRAMME TITLE
FINANCE FOR FINANCE
 
 
After completion of the two day programme, participants would   
Be able to understand the need of separating financing costs from investment decision making.
Be able to understand the variables to be taken into account while computing discounting factor.
Be able to understand the need of divisional returns.
Be able to quantify risk in cases of single and multiple investment proposals.
Be able to understand the limitations of flexible budgeting and standard costing.
Be able to understand the concept of desired profit to be reduced from Target Prices to arrive at allowable cost.
Be able to understand the use of a Value Chain for achieving above mentioned allowable cost.
Be able to understand the role of Leasing in investment decision making.
Be able to understand the importance of identifying variability in order to get a precise cost of the cost object.
Be able to utilize the relevant cost concepts along with above mentioned to validate internal projected costs and third party proposals.
Be able to utilize concepts of time value of money for working capital component decision making..
 
 
 
 
COURSE OUTLINE –FINANCE FOR FINANCE
                                                           
 
Session
1. Investment Appraisal 
Case Study       :           ‘Maine Marine Supply Inc’ 
Objective         :           Review of Investment Appraisal    
                                      Techniques(NPV/IRR/PB)
                                      Projection of Cash Flow
                                      Opportunity Cost of self owned land.
                                      Validate third party Capex proposals
 
2. Strategic Issues in Investment Appraisal                            
 
Limitations of IRR/NPV vs IRR/MIRR
Risk Analysis in Investment Appraisal
Total Risk for Multiple Investments
  
Objective         :           Reinvestment assumption and multiple IRRs.
                                    Quantification of Risk
                                    Impact of additional capital investment on total risk
                                      
3. Creating Value through Required Returns
 
Foundation for value creation
Required market based return on single project including leverage adjustment in Beta.
WACC vs APV
Divisional required returns
                     
Objective         :           Impact of systematic risk on required returns .
                                    Need of different required returns for different projects.
 
4.  Leasing 
Introduction and types
Accounting and Tax treatment of Leases.
Lease vs Buy
Sources of value in leasing.
 
Objective         :           To understand leasing as a source of financing.
 
5. Analysis of Financial Statements and Working Capital Management
  
Objective         :           Ratio Analysis
                                    Operating Cycle
                                    Inventory Valuation
                                    Revenue recognition
6. Cost Management in a changing business environment – a historical perspective
 
Evolution
Cost Volume Profit era
ABC and Target Costing
Objective         :           Importance of identifying variability.      
                                    Pricing and Capacity in competitive scenario.
7. Standard Costing and Variance Analysis 
Case Study       :    The Case of the Cost Accounting System
 Objective         :          
Usage Variance(Mix and Yield)
Price Variance (Pure and Price Efficiency)
Production Volume.
Selling Price including discount.
Overhead Expenses.
Reconciliation
Behavioural Implications
8. Cost Management using Value Chain Analysis 
Case Study       :           Montclair Paper Mill           
Objective         :           Limitations of Standard Costing
                                    Benefits of Value Chain Analysis and Target Costing.
                                    Cost Management in a competitive scenario                             
 
 
 

Click To Answer

Page No:   1 of 1  
Accounting And Finance