Understanding Finance to Influence Strategic Decisions
Finance & Accounting
الرسوم:
المكان: Munich , Germany
تاريخ البداية: 2025-11-02
تاريخ النهاية: 2025-11-06
الفترة: 5 أيام
محتوى التدريب:
INTRODUCTION
It is essential to fully understand how finance influences strategic decision-making because it provides the foundation for an organisation’s economic survival, development, growth and future prosperity.
Are you familiar with the core principles of finance and their links with strategic decisions, and financial planning?
Are you able to use the financial tools, techniques and know-how that influence strategic decision-making and apply them practically in real-life business situations?
This course helps use of the essential financial tools and techniques and will enable non-financial and financial professionals at every level to make better-informed decisions to improve financial performance, and increase corporate value and shareholder value.
Course objectives:
Think strategically and use the strategic management process and its links to KPI systems as a basis for improved decision-making to maximise shareholder wealth
Analyse and interpret the income statement, balance sheet, and statement of cash flows, and use appropriate costing and measurement systems for more effective planning and budgeting, management of working capital and cash flow, and improved financial performance.
Use the techniques of uncertainty and risk analysis and develop appropriate risk management tools, and insurance and hedging of interest rates and foreign currency exchange rates
The benefit of this course:
Considering how risk may be most effectively managed using the appropriate risk management tools, and insurance and hedging of interest rates and foreign currency exchange rates
Improving your self-confidence to be better placed to deal with financial and other professionals on financial and strategic issues
Mitigating and minimising financial risk through risk analysis and the effective use of the appropriate techniques of risk management
Communicating more effectively with financial professionals and sharing throughout the organisation the knowledge gained from the semina
Course Outline
DAY 1
Linking Strategic Management and Decision-Making with Financial Planning and Budgeting
Strategy and Strategic Management
Vision, Mission, and Objectives
Key Features of Strategic Decision-making
Rolling-out and Implementing Strategies
Value Creation and Maximisation of Shareholder Wealth
Corporate Objectives, Accountability, and Corporate Governance
Management Accounting and the links between Strategic Planning and Budgeting
DAY 2
The Financial Statements and Their Links with Planning and Financial Decisions
The Three Key Financial Statements
Balance Sheet
Income Statement
Statement of Cash Flows
Sources of Internal and External Financing
Cost of Equity, Cost of Debt, and the Weighted Average Cost of Capital (WACC)
Capital Structure Models to minimise WACC
Preparing a long-term Financial Plan to Determine Financing Requirements
DAY 3
Costing Systems and Measurement Systems that Support Financial Decision-Making
Costs and Activities
Cost Behaviour
Fixed Costs and Variable Costs
Cost-Volume-Profit (CVP) Relationships, Break-even and Sensitivity Analysis
Direct and Indirect Costs
Activity Based Costing (ABC) and Management (ABM)
Refining the Costing System for Improved Decision-making
DAY 4
Capital Investment Decisions
Future Values, Present Values and Discounted Cash Flow (DCF)
Capital Budgeting Principles
Evaluating Capital Investment Projects using Accounting Rate of Return (ARR) and Payback
DCF Evaluation Methods of Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Equivalent Annual Cost (EAC)
Deciding on which Investment Appraisal Methods to use
Capital Budgeting, Capital Rationing and the Profitability Index (PI)
Further Factors to Consider in Investment Appraisal
DAY 5
Linking Performance Measures to Strategic Decisions and Financial Risk Management
Linking Strategic Objectives to Key Performance Indicators (KPIs) in a Balanced Scorecard
Obstacles to Achieving Strategic Objectives created by the Accounting and Costing System
Uncertainty and Risk Analysis
Types of Business Risk and Financial Risk
Risk Management Principles
Development of Risk Management Tools to Mitigate and Minimise Risk
Insurance and Hedging
Interest Rate Risk and Foreign Currency Exchange Rate Risk.
طباعة