Finance for Non-Financial Managers

5 days 10-14 Sep 2017, Dubai UAE £4,595.00 Download brochure Add to basket

* Claim back your VAT
Find out more

Request a different date or location for this course (we regularly add courses following requests).

{{alternativeRequestSuccess}}
{{alternativeRequestError}}

* Claim back your VAT
Find out more

Overview

Course Overview

Financial analysis is not only the foundation for investment decisions by fund managers and the lending decisions by banks, but also critical for non-financial managers in their evaluation of the financial performance of their existing businesses and assessing the potentials of any new investments.

The course covers all the major aspects of a financial analysis including financial statement analysis, financial ratios, financial instruments and investment evaluation in a 3-day workshop, and is delivered by a seasoned finance professional with 20-year investment banking and credit rating experience in Asia.

Features and Benefits

The workshop covers all the important and practical skills non-financial managers can master in analyzing the financial performance of their businesses.

The workshop utilizes the relevant Asian cases and examples to illustrate the financial analytical framework.

The workshop targets to enhance the attendees’ knowledge base to that of an experienced financial manager after the 3-day workshop.

Who Should Attend

  • Nonfinancial managers from backgrounds such as design, production, engineering, sales, marketing, legal, IT and HR
  • Entrepreneurs and consultants
  • Financial services managers seeking the basics of finance and accounting
  • Other nonfinancial specialists who wish to know more about finance and accounting

Who should attend

This course is ideal for those persons seeking a proper grounding in the fundamentals of finance and accounting, including:

  • Non-financial managers from backgrounds such as design, production, engineering, sales, marketing, legal, IT and HR
  • Entrepreneurs and consultants
  • Financial services managers seeking the basics of finance and accounting
  • Other non-financial specialists who wish to know more about finance and accounting

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Dubai
Timothy D H Jury

The course instructor is a chartered accountant, who qualified with KPMG. He has held main board financial and general management directorships in both quoted and private companies. He has considerable experience of management in turnaround situations and has completed a number of acquisitions, disposals and corporate reorganisations.

Following a corporate recovery assignment he joined a major UK consultancy specialising in training for financial services businesses. He spent over two years developing and presenting corporate credit training for a number of large UK banks. Clients included Natwest, HSBC, Lloyds Banking Group, Allied Irish Bank, Co-operative Bank, Hill Samuel Merchant Bank, Swiss Bank Corporation & Trade Indemnity plc.

After a further corporate recovery assignment in the textiles industry he became a full time training and strategy consultant offering courses covering all aspects of corporate lending, financial analysis, accounting, valuation, corporate finance, M&A, strategy and management. He combines his lecturing career with consultancy assignments in strategy and change management and advising on corporate recovery situations.

In-house training initiatives have been completed for Standard Chartered Bank – India, Societe Generale – London, The Kenya Pipeline Company and others, in addition to developing and delivering Euromoney public courses in places such as London, Germany, South Africa, Egypt, Jamaica, Kenya, Ghana, Zimbabwe, Sri Lanka, India, Poland, Romania, Macedonia, Croatia and Hungary. He is involved in graduate and MBA training for London based investment banks such as Deutsche Bank and Barclays Capital. Private consultancy assignments have included advising a leading venture capital fund, the strategic review of a national tape and CD retailer and providing strategy advice and research for a major new business venture in Egypt.

He is the co-author of – Advanced Credit Analysis – published by Euromoney in January 1997.

Venue

Dubai

Dubai Finance

This programme takes place on a non-residential basis at a central 4 to 5* Dubai hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Related Courses

Inhouse

We can bring this course to your company's office.

If you simply want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

Find out more

Agenda

Day 1


Dealing with the fundamentals

Introduction to financial analysis

  • Differences in UK/US accounting terminology
  • Identifying the relationship between cash flow and profit
  • Development of an integrated cash flow model
  • Recognising it’s all about cash
  • Understanding the relationships between the three main accounting statements.

Exercise 1 - Accounting terminology exercise

Fundamentals of accounting statements the profit & loss account

  • How the P&L has changed over the last 25 years
  • Detailed review of the Profit and Loss Account including explanation of all significant accounting terminology.
  • Profit types - trading, asset and business
  • Inventory, Depreciation, Capitalised interest,
  • Minority interests and consolidation
  • Exceptional and material items

Fundamentals of accounting statements the balance sheet

  • Detailed review of the Balance Sheet including explanation of all significant accounting terminology
  • Understanding the fixed assets note,
  • Accounting goodwill – what is it?
  • Liabilities, pension fund accounting
  • Debt and other liabilities like debt
  • Deferred tax, contingent liabilities

Financial analysis techniques – ratio analysis

  • Objectives of ratio analysis
  • Developing ratio analysis skills
  • Different types of ratios
  • How much information is there in ratios?
  • Ratio rules – avoiding errors of principle

Case study – Use of ratios
Delegates match ratios to different types of businesses.
Delegates consider what ratios do and don’t tell us.


Day 2

Cash flow analysis and accounting issues

Understanding cash flows

  • Detailed review of the Cash Flow Statement
  • Analysing and interpreting cash flows
  • Summarising cash flows for analysis

Case study - Summarising cash flows
Delegates summarise cash flows for analysis purposes

Cash flow analysis

  • The four phases in the life of a business

Case study - Examining patterns of cash flows Delegates match cash flows to sectors

Cash flow analysis - taking it further

  • Dealing with the consequences of growth and no-growth.

Case study - Growth & no-growth cash flows Delegates restate cash flows to improve their understanding of performance

Accounting abuses and update

  • Abuses of Fair Accounting
  • Basic abuses relevant to all businesses
  • More complex abuses relevant to larger groups

Case study - major Travel group
Delegates examine and evaluate the P&L of this major UK based travel group

Global accounting in the new century

  • Overview of the International Accounting Standards Board
  • The implications of the IAS Initiative
  • Review of new standards produced in the last five years


Day 3

Financial mathematics and project analysis

The time value of money

  • Present & future values
  • Defining the discount factor

Exercises. Discounting calculations

Net present value – developing the concept

  • NPV’s & varying future cash flows
  • Perpetuities & Annuities

Exercises. Annuities and perpetuities

Project analysis

  • Introduction to project analysis
  • Developing a forecast of the project cash flows
  • Identifying the key risk areas

Evaluating capital investment projects

  • Discounted cash flow techniques
  • Calculating the internal rate of return

Case study - Speculative housing project
Delegates perform investment appraisals to decide whether to proceed with a capital investment

Case study - Project analysis
Delegates create a summary of the project cash flows & Identify the principal project risks
  
Case study - Eight Projects
Delegates evaluate a number of projects and decide which projects should be pursued and which rejected.

Management information

  • Budgeting
  • Monthly reporting
  • Costing
  • Forecasting
  • Planning

Credit analysis - the basic concepts

  • Introducing credit analysis frameworks
  • Financial analysis - review of the issues
  • Non-financial analysis – Developing a framework


Day 4

Cost of capital and valuation

The cost of capital and the underlying corporate finance theory

  • The cost of debt
  • The capital asset pricing model
  • The tax subsidy effect
  • The cost of equity
  • Portfolio theory
  • The Equity Risk premium
  • Completing the WACC
  • Mogdiliani Miller and the theory of leverage

Funding structures

  • The relationship between business risk & financial risk
  • The four phases of the corporate life-cycle
  • Identifying appropriate funding structures
  • Recognising the drivers of funding strategies

Cash flow valuation

  • Preparing the forecast
  • Identifying the free cash flows
  • Competing the valuation

Case study - Beautific

Other valuation methods

  • Earnings based valuation
  • Dividend discounting
  • Asset valuation

Case study - Valuation methods - Magnificence
Delegates use a variety of methods to value a business

Funding structures

  • The relationship between business risk & financial risk
  • The four phases of the corporate life-cycle
  • Identifying appropriate funding structures
  • Recognising the drivers of funding strategies


Day 5

Case studies and presentation skills

Case study: Business analysis
Delegates analyse a business using the methods presented earlier in the course

Case study: Business valuation
Delegates value a business using the methods presented earlier in the course.

Case study: Financial presentation
In small groups delegates prepare and present a slide based presentation of the salient features gained from the analysis case in session one using spreadsheets and graphical techniques


Course summary and close

Why us
Please configure 'Why us' stub with reference CoursePageWhyUs-15181