Financial Training for Business Executives

Overview

This course is designed for senior executives in business who are not involved in a financial role, but who have regular contact with financial executives and who need to develop an understanding of finance in the context of the improving profitability through accounting and financial techniques. The course therefore strives to develop a general understanding on how your decisions and actions affect your company profitability and cash flow.

In addition, the course will provide an understanding to the delegates of how funding decisions have an impact on the value of the organisation and will complete the course with the ability to integrate financial measures into their business decision making, which will then be integrated into the strategic development of the course.

The methodology of the course will be a mix of formalised sessions to cover the theory covered applied through intensive workshops designed to bed in the knowledge learned by the delegates. The workshops are designed with active delegate participation in mind. The delegates will be separated into project teams each comprising a mix of executive seniority and different business areas. The teams will be required to find solutions to the business case study examples used during the workshops and then present them in class to the rest of the delegates.

Content

The course focuses on a number of specific objectives, including the following:

  • The principles of investment and finance;
  • Developing an understanding of the most important and relevant core accounting principles;
  • Understanding the use and application of financial statements;
  • Assessment of the three principal key financial statements and how they are interlinked;
  • The fundamental principles of ratio analysis and early warning signals for company development;
  • Better understanding of key financial elements of Value Based Management
  • An introduction to national and international finance;
  • Developing a strong understanding of the use of the financial statements as a tool for analysing company development;
  • The differences between cash and profit and its importance in corporate development;
  • Cash flow analysis and an introduction to cash flow forecasting
Overview

This course is designed for SMEs and individual entrepreneurs who are seeking to launch their own businesses or to develop new areas of their existing businesses.The workshop provides an in depth and applied analysis of the content and style of effective business planning, focusing on the content and the style of effective business plan presentation.

The course is highly interactive with the delegates being required to draft sections of a case study business plan which they will then present in class to their colleagues. We also cover a section, whereby entrepreneurs and managers present their own company business plans to the rest of the class for discussion and constructive analysis.

Content
  • The importance of business planning and strategy;
  • The content of the Business Plan;
  • The importance of realistic forecasts;
  • Presenting the business case to financiers
  • The importance of the counterparty;
  • Presenting the current situation to financiers;
  • Assessing the external environment and the opportunities and threats facing the company;
  • Presenting the clear strategy and planning;
  • The financial analysis including:
    • Breakeven analysis
    • Sales projections
    • Capital spending
    • Operating costs
    • Revenues and returns
    • Summary financial statements
    • Cash flow projections and funding requirements
Overview

This highly intensive financial analysis course will allow the delegate to develop a strong command in analysing and understanding the financial statements of a company drafted under IFRS. As a result of attending this course, the delegate will develop a proficiency in being able to ‘read’ and understand the company story interpreting the links and trends across the three principal financial statements. The aim therefore is for the delegate to learn and develop their skills in interpreting what is going on ‘behind the numbers’ and therefore understanding how succesfully management are implementing their overall business strategy.

The course is designed for banking professionals at the start of their careers in corporate credit lending who will need to analyse the financial performance of companies as part of the credit risk review process, as well as for executives employed in the financial departments of medium sized and larger corporates, who need to deal with financial statements as part of their job. This might be in working with external auditors, or senior managers within the organization.

Entrepreneurs seeking to engage in discussions with banks or equity investors and funds to raise finance, as well as those setting out in business will also find this course highly useful for business plan drafting and in presenting their business case to investors and financiers.

Content
  • The structure of financial statements;
  • Detailed analysis of the Income Statement, Balance sheet and Cash flow statement;
  • Understanding the links between the financial statements;
  • Analysing the trends perceived in the financial statements;
  • Identifying the different margins and developing full ratio analysis to measure and analyse the performance and risk of the company;
  • Assessing common ways in which financial accounts can be manipulated (creative accounting);
  • Understanding the all-important difference between profit and cash flow in lending;
  • Understanding how to fully read the company’s liquidity position in terms of cash flow and working capital management and why this impacts on the going concern;
  • Assessing the core principles of investment appraisal, links with the financial statements and the difference between the approach of debt and equity providers in terms of financial analysis;
  • Identification of quantitative indicators and early warning signals of potential credit problems.
Overview

The principal objective of this workshop is to provide senior management executives with a developed, applied understanding of the methods and tools used by companies in budgeting for the development of a company’s strategy. Budgeting for strategic development is at the heart of the successful development of any business or organization. The delegates will therefore cover a wide range of performance management disciplines used by companies to achieve their strategic goals. The delegates will also learn the importance that strategic risk can pose to a client company and how to work with the client to mitigate that risk.

Included in the analysis of strategy will be a development of how companies can promote their critical success factors to achieve strategic advantage and how to budget effectively for that success. The workshops will use a range of case study companies and workshop scenarios to provide the core learning tools for this business strategy budgeting course.

The course will culminate in the delegates in their project teams, presenting their own performance management frameworks devised in classthat will be used to enable a company to fulfil its business strategy.

Given that the professional experience of the delegates is senior, the aim of the workshop will be to develop strategic understanding of the budgeting process at the highest level. Some areas of the course will revisit key areas of theory behind company analysis which will blend with corporate strategic development. However, the workshop will focus heavily on the successful and practical implementation of this theory with real life scenarios through case study analysis.
The aims include:

Content
  • Providing an in depth understanding of the principal methods of developing corporate strategy;
  • Developing the importance of linking effective budgeting to each part of the company’s strategic development to ensure that the strategic objectives are developed, effectively and efficiently;
  • Developing practical knowledge of performance management in implementing strategic development;
  • Budgeting for different areas of strategic development, including HR planning and budgeting and resource planning and budgeting;
  • An overview and application of different budgeting methods and how they can help to drive the company’s strategy;
  • Development of applied knowledge of strategic and project planning, management and implementation and the importance of budgeting as an integral part of the process;
  • Understanding the key structures and processes that a company will need to develop in order to fulfil its strategy;
  • Developing applied planning frameworks for the management and mitigation of risks as part of strategic development;
  • Applied knowledge of a range of performance measurement tools and models to ensure fulfilment of strategic objectives;
  • A review and application of management ‘dash board’ reporting matching key performance indicators to assist in monitoring and controlling strategic development
  • Additional methods and frameworks to improve company performance and achieve the company’s strategy.
Overview

Risk is inherent in every business decision that is taken, be they the decisions of the simple trader or those of a CEO of a multi-billion dollar turnover company. The goal of every successful business professional and decision maker working for an SME or a large Corporate, should therefore be to become a proficient and effective risk manager.

This course is designed for finance executives and senior business managers and is aimed at exploring the various risk exposures that may affect their businesses and understand these risks can be mitigated. The participant will gain a clear understanding of the latest theories and systems of risk management that are considered international best practise and also will develop their own set of tools and techniques for combating risk within their organisation which they will be able to implement directly in their working life as soon as you return to their desks. This is an innovative course that has been specifically designed to highlight the importance of accurate risk assessment and risk mitigation in the context of modern business practices.

Content

In attending this course, the delegate will:

  • Understand the importance of risk management and mitigation in business and in SMEs in particular, as well as in using risk analysis as a key business driver;
  • Apply an internationally used risk management framework and a risk register to practical case studies in mitigating risk in corporates;
  • Develop an integrated strategy for the identification, analysis, prioritization, quantification and mitigation of different types of risk including operating risk, market risk, strategic risk and management risk;
  • Review the principles of Corporate Governance internationally and their role in compliance and management risk mitigation in all corporates
  • Assess, quantify and mitigate different types of financial risk including foreign exchange risk, interest rate risk and market risk using hedging through financial instruments;
  • Understanding the impact and the methods available to mitigate major strategic, operating and external business risks in a changing global environment;
  • Understand the importance of internal control in corporate companies, the role of internal audit and the use of internal reporting for corporate risk management and control;
  • Review and apply Risk Based Decision Making (RBDM) to the management process.
Overview

This course is tailored to provide an applied overview of the principles of good corporate governance within the framework of the Governance principles of the country in which JBS’s client company operates. It also demonstrates how poor governance can impact on the credit risk profile of companies

Although this module focuses on the compliance needs for companies listed on recognised stock exchanges, the principles assessed provide a strong basis for good management at all companies and institutions including SMEs. It therefore provides a strong insight into potential management risk of companies that do not adhere to the principles of good governance. The course will systematically review the key governance principles set out in specific country of operation, applying them to a range of case study workshops with the view to seeking improvements in good governance.

Content
  • Introduction to the principles of Corporate Governance;
  • Introduction to the nine principles of good Governance;
  • The importance of transparency and accountability to shareholders;
  • The importance of good corporate governance in a globalised markets;
  • Stakeholder theory and the importance of satisfying stakeholder interests in governance;
  • The principles and rules based approaches to governance;
  • The role of the board in Good Corporate Governance;
  • The roles of the chairman and CEO in Governance;
  • The role of non executive directors;
  • Board composition and the role of board committees;
  • The role of internal audit and its interaction with the audit committee;
  • Population of internal audit / the internal audit officer;
  • The importance of creating a control environment in governance;
  • Understanding sound systems of internal control;
  • International examples of good internal audit and lessons drawn from the Turnbull Report;
  • Assessing the effectiveness of internal audit;
  • The internal audit function as a tool of effective risk management.