Course description
The realm of finance is very expansive and ever-changing. It has a direct impact on the life of each employee as well as every company. The crucial activities a financial manager is expected to do in a company, where they are responsible for overseeing the company’s financial operations, are the focus of financial management. Planning, granting credit to consumers, reviewing planned significant expenditures, and generating money to support the company’s functions are some activities that a financial manager is responsible for.
What are the elements of financial management?
Financial management involves organizing, planning, controlling, and directing the economic activities of an enterprise, like procurement and implementing funds. The elements/scopes of Financial Management include financial decisions, investment decisions, and dividend decisions. Dividend decisions are further divided into retained profits and dividends for shareholders.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Rcademy Certified Financial Management Professional Training Course is suitable for personnel in the Financial Management industry and those looking to switch to this area, such as:
- Chief financial officers:responsible for monitoring cash flow, planning a company’s finances, analyzing its economic strengths and weaknesses, and generally managing the financial affairs of the company
- Internal auditors:charged with ensuring that the financial processes of a firm are risk-management compliant
- Strategic planners:responsible for designing a company’s strategic financial plans and conducting data and research analysis to develop business decisions
- Business analysts:tasked with conducting market analysis, developing and monitoring quality data metrics, and ensuring reporting and data needs of a business are met.
- Chief accountants:responsible for managing the accounting department, creating financial strategies, assisting stakeholders, and making investment decisions
- Banking professionals:tasked with managing clients’ bank accounts, overseeing transactions, and evaluating loans and overdrafts
- Finance managers:charged with managing the financial activities of an organization and providing guidance on investment plans
- Hedge fund managers:tasked with making investment decisions on behalf of clients and helping investors attain their investment objectives
- Asset Managers:responsible for managing the assets of a company and also executing programs that raise the value of a company’s assets
- Tax Accountants:tasked with researching relevant tax policies on a company’s behalf and also analyzing and providing solutions to tax issues
- Any other personinterested in Financial Management practices
Outcome / Qualification etc.
The Rcademy Certified Financial Management Professional Training course will equip participants with in-depth knowledge and skills regarding Financial Management practices. Upon conclusion of this course, participants would have learned the following objectives:
- Understand the rudiments of Financial Management and the principles involved in the creation of financial statements
- Recognize the principles involved in designing dynamic strategic financial planning models
- Demonstrate a clear understanding of mergers, acquisitions, corporate control, and takeovers
- Analyze how fixed-income securities and equities are prices
- Learn about the building blocks of financial evaluation: income statement, financial ratios, and balance sheet
- Understand the concepts of capital allocation and free cash flow
- Develop a proper understanding of corporate financial planning, capital budgeting, and cost of capital
- Evaluate an organization’s performance through different financial analysis tools
- Learn how to employ discounted cash flow and related techniques to capital investment programs
Training Course Content
Module 1: Introduction to Financial Management
- Meaning of Financial Management
- Branches of finance
- Forms of financial enterprise
- Functions of Financial Management
- Types of financial leverage
- Organizing finance functions
- The three pillars of Financial Management – Operating – Investing – Financial decisions
Module 2: Fundaments of Financial Statements
- Definition of terms
- Overview of financial statements
- Key activities
- Types of financial statement analysis – Liquidity analysis – Horizontal and trend analysis – Vertical analysis – Common-size financial statements – Solvency analysis: equity and debt
- Cash vs accrual basis accounting standards
Module 3: Working Capital and Efficiency Management
- The cash conversion cycle
- Balances of trade payables
- Utilizing short-term bank facilities
- Balances of cash
- Profitability analysis: margins and returns
- Balances of inventory
Module 4: Developing a Strategic Financial Plan and Forecasting
- Basics of the financial planning process
- Types of financial planning
- Features and characteristics of a financial plan
- Forecasting cost of goods sold
- Revenue forecasting using bottom-up vs top-down
- Forecasting balance sheet accounts – Fixed assets forecasting – Using of sales outstanding – Using of payables and inventory on hand – Retained earnings and dividend pay-out policy
- Developing the “what if” analysis model
Module 5: Fundamentals of Corporate Control, Mergers, and Acquisitions
- Introduction and definition of terms
- Motives of Mergers and Acquisitions
- Methods of acquisition
- Types of Mergers and Acquisitions (M&As)
- The five phases of mergers and acquisitions
- Reasons for failed mergers
- Process of due diligence
Module 6: Introduction to Capital Budgeting and Investment Decisions
- Overview of concepts
- Types of capital budgets
- The capital budgeting process – Forecasting incremental cash flows – Discounted payback period – Identifying working capital commitment – Internal rate of return – Deciding on a discount rate – Profitability index
- Applications of the time value of money principle
- Internal rate of return
- Future value calculations
- Verifying loan instalments
- Present value and NPV calculations
Module 7: Financial Markets
- Introduction and definition of terms
- Types of financial markets – Money market – Capital market – Stock exchange
- Analysis of financial markets
- Common financial market terminologies
- Components of financial markets
- Financial market securities
- Functions of financial markets
Module 8: Financial Ratios
- Purpose and types of financial ratios
- Sources of data
- Accounting Techniques and Principles
- Key financial ratios – Profitability ratios – Liquidity ratios – Solvency ratios – Market ratios – Debt ratios – Turnover/activity ratios
Module 9: Financing Decisions
- Evaluating financial instruments
- Pricing bonds and stocks before issuance
- Designing a capital structure
- Assessment of debt capacity
- Taxation and capital structure
- The weighted average cost of capital
- Factors influencing financial decisions
Module 10: Sources of Working Capital
- Public deposits
- Commercial papers and factoring
- Inter-corporate deposits
- Accruals
- Credits
- Commercial Bank advances
- Trade
- Loans from financial institutions
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Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...