Finance & Accounting

Training Course: Finance, Risk Management & Corporate Governance

Explore the dynamics and correlation among Finance, Risk Management & Corporate Governance
Another Date & Location

REF: FA3070

DATES: 10 - 14 Nov 2019

CITY: Dubai

FEE: 2500 €

Course Description

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. Additional bibliographies, readings, and spreadsheets will be provided as takeaways.

Course Objectives of Finance, Risk Management & Corporate Governance

  • Specify the exact nature and scope of corporate financial reporting
  • Identify and criticize specific concepts, rules, and procedures are in place for corporate financial reporting
  • How & why Working Capital is critical in today’s world
  • What Working Capital options must be managed & how to do so
  • How & why Capital Structure can make or break a firm
  • What decisions must be made to properly decide on optimal Capital Structure
  • How & why Capital Budgeting can go so wrong if not performed properly
  • Capital Budgeting should usually add value to the firm
  • Identify and overcome limitations that are inherent in corporate financial reporting and/or corporate governance
  • Risk as a positive in analysis & decision making

Course Outlines of Finance, Risk Management & Corporate Governance

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) defined
  • Relationship to current ratio
  • Components of WC
  • Inventory
  • Accounts receivable
  • Cash
  • Accounts payable
  • Notes payable
  • The critical rations to compute
  • What should they be & why
  • The questions to ask
  • The answers you want

Capital Structure – what it is & why it is important

  • Equity capital - what it is
  • 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
  • When & how to use WACC
  • Leverage: two-edged sword - defined
  • Operating leverage - calculated
  • Financial leverage - calculated
  • Combined leverage – Wow! Look at the impact

CAPEX - Analysis of Investment Decisions with What-if Risks

  • Cash Flows and the Time Value of Money
  • Discuss the capital project evaluation process
  • Ideas for the future with a multiple time periods horizon
  • Estimating cash flows within the business system
  • Net present value (NPV) & Internal Rate of Return (IRR) as preferred methods
  • Profitability Index (PI) & Modified Internal Rate of Return (MIRR) as reasonable alternatives
  • Defining the approval criteria and review process
  • Post-implementation audits of capital projects
  • Refinements of Investment Analysis
  • Dealing with Risk and Changing Circumstances – how do we explain?
  • Cost of Capital and Return Standards
  • Benchmarking Discount & Hurdle rates

Risk Management as an integral part of Corporate Governance

  • Understanding uncertainty and risk/opportunity
  • Identifying strategic financial risks
  • Identifying operational risks
  • Identifying functional financial risks
  • Assessing financial risks in each perspective
  • Finding our personal risk profile (appetite for risk)
  • Clarifying desired outcomes, expected outcomes, and actual outcomes
  • Performance measures – the need for FRM/ERM
  • Quantitative and qualitative risks
  • Developing FRM/ERM strategy – do we need a CRO?
  • Other risk issues to be concerned with: Joint ventures, alliances, product liability, environmental risk, outsourcing risk, growth risk, R&D risk, natural disasters, catastrophic risks, supply chain risk, reputation risk, and psychology of risk among others

Corporate Governance

  • What is Corporate Governance?
  • Corporate Governance environment
  • Relevance of Corporate Governance
  • Perspectives on Corporate Governance
    • Shareholders vs. Stakeholders
    • Voluntary vs. Enforcement
    • 1-tier vs. 2-tier boards
    • Chairman/CEO duality
    • The independent director
  • Corporate Governance models
  • Structure & practices
  • Emerging trends in Corporate Governance
  • Principal-Agent theory and applications
  • Independence in fact versus appearance

 

 

Training Course: Finance, Risk Management & Corporate Governance

Explore the dynamics and correlation among Finance, Risk Management & Corporate Governance

REF: FA3070

DATES: 10 - 14 Nov 2019

CITY: Dubai

FEE: 2500 €