Director DevelopmentFinance Awareness
Any in company finance programme needs to take cognisance of the participants’ needs to ensure that the pitch is right. In addition, such programmes are enriched when the organisation’s own issues are addressed. This can take the form of the actual statutory accounts and/or the management accounts actually being analysed and discussed. Competitors’ financials can also be looked at.
Participation from the finance function is imperative.
The programmes are highly practical with numerous case study work. Case studies can be written to look at the organisation and/or competitors. Pre-course activities can also be designed and some activities will be suggested post the programme to strengthen the ongoing learning and development.
We can also provide executives with one to one coaching on the topic with electronic remote support if required.
The following is a list of topics/items that could be addressed
The role of finance in business
Components of a finance strategy
How to get the best out of the finance function
Choosing a finance director
Appraising the finance director/CFO
Governance and legal issues
The role of internal audit
The external auditors
Basic concepts, eg Depreciation, Accruals
Difference between profits and cash
Basic profit & loss/income statement, balance sheet/statement of financial position, and cash flow construction.
Walking through a full set of statutory accounts.
Assessing financial health. What is a good business?
How professionals assess businesses(eg Debt Rating agencies, credit agencies)
Typical financial ratios
Working capital.Issues and management
Cash Flow: calculation, analysis and forecasts
Business uses: Debt capacity, EBITDA(R), Cash burn, Free Cash Flow
Creative accounting: getting behind the figures
Lessons learnt from recent accounting scandals
Sources of finance
Managing the banks and other financiers eg Private Equity and shareholders
Management accounting issues
Financial reporting.ESG importance
Key Performance Indicators
The Board’s dashboard
Cost of capital
Project appraisal techniques, Payback, NPV, IRR
The Stock Market’s approach
Spotting the early signs of distress
Restructures and workouts