This training offers insights into the world of corporate finance, risk, and governance. Capital markets are central to the globalization phenomenon and essential for a well-functioning society. Because of this centrality and essential nature to societies, focus and attention must be paid to their proper functioning and oversight. To that end, this program offers an overview of the interaction between management and all other stakeholders. Diverse and complex stakeholder demands are best met by an efficient allocation of resources over an extended period.
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
Understand how & why working capital is critical in today’s world
Understand how & why capital structure can make or break a firm
Learn how capital budgeting can go so wrong if not performed properly
Identify and overcome limitations that are inherent in corporate financial reporting and/or corporate governance
Manage risk analysis & decision making
Increase skill set in all phases of finance and governance
Greater ability to participate in and to lead the finance/governance process
Recognize the increased professionalism to deal with the current and future topics
Increase recognition by the organization of their learning and professional commitment
Challenge themselves in an immersive learning environment
integrate business plans and strategic intent
Reduced inter-functional territorial battles
Risk and Compliance Managers
Middle managers who require a more in-depth understanding of the concept of governance & Risk Management for state & Public Sector
Senior Officials in national, provincial, V, and local government
Staff who support the Board or with responsibility for governance
Heads of Departments, Directors, Senior Managers, Managers, Company Secretaries, accountants and Finance Professionals responsible for Governance & Risk Management
Executives and Senior Officials of state-owned companies, and as well listed, non-listed organizations
Finance is a numbers game
Yet finance is more than the numbers
The three major components of finance
Working capital (WC) defined
Relationship to the 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
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
Cash Flows and the Time Value of Money
Discuss the capital project evaluation process
Ideas for the future with a multiple 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
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
Achieving outstanding sales results in an increasingly competitive world is a difficult task. Only by establishing a modern sales force management system and by training sales management personnel effectively, can today’s firm compete. The Certified Sales Manager course provides frontline sales managers with the knowledge, skills, and tools they need to drive bottom-line performance. It focuses on improving organization and forecasting skills, as well as other technical competencies aimed at guiding salespeople towards higher performance.
Soft skills training is training that focuses on developing skills such as communication, teamwork, and problem-solving. Other soft skills include emotional intelligence, a positive attitude, and taking the initiative
Managerial accounting is an activity that provides financial and non-financial information to business managers and other internal decision-makers of an organization. This course examines how managerial accounting information is gathered, and how it is used by business professionals to make effective plans & decisions. Lessons such as fundamentals of managerial accounting cost accounting concepts, and managerial accounting approaches will provide you with the concepts, procedures, and analytical skills you'll need to make informed decisions in today's challenging business world
Enterprise Risk Management known as (ERM) has evolved considerably since the seventies. From simply 'buying' insurance, it has now grown in importance to become a prime function in many organizations as part of a bigger system known as Governance, Risk, and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome those risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management. However, the most accepted ERM system is the one designed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission, and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate, and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial and physical risk as well as risk in different industries.
Process industry businesses are constantly seeking for ways to increase efficiency while posing the fewest risks to people's lives and property. This is feasible if these organizations are successful in identifying the relevant risks and setting up suitable safeguards against their impacts.
Process industry businesses are constantly seeking for ways to increase efficiency while posing the fewest risks to people's lives and property. This is feasible if these organizations are successful in identifying the relevant risks and setting up suitable safeguards against their impacts.