Corporate Finance – Level 2 – Business model and financial cycle
  • Company Valuation - Share Value - Master company valuation and pricing methods, earn out. Price of a merger and acquisition transaction. Share valuation principles (dividends, PER, payout ratio). Equity & debt structuring.
  • Cost Accounting and Costing - Know cost accounting, direct/indirect cost breakdown and cost calculation, activity-based costing, and activity-based management
  • Financial analysis and diagnosis - Balance sheet aggregates (FRN, WCR, Cash), net debt and financial analysis ratios. Know how to analyze financial structure, liquidity and solvency.
  • Financial disclosure and Universal Registration Document - Present half-yearly and annual financial reports, quarter ly information, and segment information. Know the content and be able to read the Registration Document
  • Financial markets securities and cost of funds - Concepts of interest, yield rate, liquidity, inflation, capitalization, discounting, compound interest calculation, actuarial calculations
  • Financial risks: counterparty, liquidity, interest rates, exchange rates, marketable securities - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and control of rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecast - Interest rate risk: fixed and floating rate debt, bond issues - Foreign exchange risk: exports, imports, hedging, forward - Securities risk: dividends, acquisition and disposal of securities, trading room - Project & investment related risk Managing the identification and valuation of financial and non-financial risks
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • Financing through debt - Know the main LT and CT funding tools and levers, the reasons for favoring debt
  • Off-balance sheet - Off-balance sheet commitments and contingencies
  • Operating Cash Flow - Know how to calculate and analyze Cash Flow and Free Cash Flow using direct and indirect methods. Cash forecasting, steering and WCR optimization: - Know how to calculate cash flows - Know how to establish cash positions - €/currencies - Know how to calculate and interpret the main current asset turnover ratios (DSO, DPO, DII) - Know how to prepare and reconcile cash flow forecasts - Master Cash Flow and WCR optimization tools in relation to operations.
  • Profitability and investment decision -
  • Project accounting - Earned value management - Know project accounting (analytical allocations, concept of earned value, time & cost performance measurement)
  • ROCE Value Creation (ROIC), WACC - Value creation: ROCE (ROIC) - WACC - Return on capital employed - Assets turn - Capital intensity
  • Sales activity and pricing policies - Fundamental approaches to sales pricing (cost +, market price, value-based pricing, TCO, CPA formulas, yield management, price elasticity, promotion effectiveness) - Margin calculation, mix effects, scissor effect, impact of inflation, operational lever, performance and productivity.

Target audience

- Leaders / Project Managers
- Members of the Financial Communication Department
- Members of the financial communication department
- Members of the Legal Department
- Members of the legal department
- Non-financial members of the Executive Committee
- Projects Managers

2 day

Prerequisites

It is recommended to master the principles of accounting and financial statements, for example by having attended « Corporate Finance – Level 1 »

Objectives

– Learn to calculate the financial profitability of a project and use it for decision-making
– Understand the stakes in the financial balance of a company, the importance of working capital requirement and the difference between profit and cash
– Master the main financial ratios used both in internal and external communication

Detailed content

> Introduction: what business model really means

> Key financial principles: a reminder

– The financial cycle and financial statements
– Key ratios and value creation

> Focus on operating profit

– Inpact analysis

> From operating profit to cash

– Why is net profit not cash
– working capital requirement
– « Hunt for cash »: the operational levers of managers

> Investment projects and financial performance

– Identification, evaluation and selection of an investment project
– Financial computations and performance indicators
– Assessing a project according to preset objectives
– Monitoring and integrating risks and opportunities

> Introduction to business valuation and return for shareholders

Why should you attend?

Understanding and mastering the language of finance allows managers to be more effective to sell their projects. This training gives the keys to the financial operations of the company, to allow managers to identify and to activate the levers of financial performance improvement in their business unit.

Training methods and assessment

Theoretical presentation and cases studies. Numerous illustrations from recent and real business cases. A final quiz assesses knowledge acquisition.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail and telephone to answer any follow-up questions participants may have.

Price

1 630 € EXCL. VAT  – 1 956 € INCL. VAT

Médias

Témoignages

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Jonathan C.
Entreprise
Formation