Cash Forecasting & Financing, Investment, Business Valuation, and Risk

INTRODUCTION
You may think your financial knowledge and know-how are adequate and up-to-date – but it probably is not!
This Cash Forecasting & Financing, Investment, Business Valuation, and Risk training course will update and develop your skills of analysing financial information and the key risks faced in today’s uncertain economic, political, and physical global business environment. It will guide you through the key steps of cash forecasting, identifying alternative financing sources, evaluating new investments, and business valuation.

OBJECTIVES
By the end of this Cash Forecasting & Financing, Investment, Business Valuation, and Risk training course, you will be able to:
Integrate the working capital cash operating cycle into the development of cash flow forecast models
Evaluate the alternative sources of long-term financing and their costs and the weighted average cost of capital (WACC)
Apply the vital technique of discounted cash flow (DCF) for capital project investment appraisal using next present value (NPV), internal rate of return (IRR), modified internal rate of return (MIRR), and equivalent annual cost (EAC)
Consider the range of reasons for business valuation and apply alternative valuation models.
Use the analytical tools to evaluate business and financial risk, and manage interest rate and foreign currency exchange rate exposure risk

COURSE OUTLINE
DAY 1
• Financial Planning and Forecasting Cash Flows
• Financial Management – Scope and Role
• Basic Financial Statements – Uses and Contents
• Financial Statement Analysis & Evaluation
• Cash Flow Statement – Evaluating the Past
• Time Series Analysis, Correlation and Regression
DAY 2
• Working Capital Management & Optimal Cash Level
• Forecasting Future Cash Flows & Cash Budgets
• Cash vs Profit – Cash is King!
• Optimal Level of Cash – Boumol Model vs Miller-Orr Model
• Cash Conversion Cycle – Calculations & Implications
• Working Capital Management – Optimal Level and Approaches
DAY 3
• Financing and Investment Appraisal – Creating Value
• Sources of Finance – Internal and External
• Cost of Equity, Cost of Debt, and the Weighted Average Cost of Capital (WACC)
• Choosing the Right Mix of Capital – Capital Structure Decision
• Capital Project Investment Analysis – Capital Budgeting
• Accounting Rate of Return (ARR) and Payback Method
• DCF Methods: Net Present Value (NPV), Internal Rate of Return (IRR), Modified IRR (MIRR), and Equivalent Annual Cost (EAC)
• Capital Project Risk Analysis: Sensitivity Analysis, Scenario Analysis, and Simulation
DAY 4
• Business Valuation – Alternative Models and Applications
• Business Valuation Overview and Uses
• Mergers and Acquisitions
• Management Buyouts (MBOs), Management Buy ins (MBIs) and Leveraged Buyouts (LBOs)
• Restructuring and Reorganization
• Business Valuation Techniques
• Discounted Cash Flow
• Comparable Companies Analysis
• Case Study – Application of DCF Valuation Technique
• Case Study – Application of Comparable Comps Valuation Technique
DAY 5
• Managing Financial Risk
• Uncertainty and Risk – Business Risk and Financial Risk
• Predicting Financial Distress and Corporate Failures
• Financial Risk Management; Strategies and Hedging Techniques
• Derivatives – Forwards, Futures, Options and Swaps
• Managing Interest Rate Risk and Foreign Exchange Risk