This intensive The Strategic Financial Management course is ideal for managers with financial responsibility or seeking a refresher in analysis – including financial analysts, accountants, project managers, budget analysts, vice presidents of finance, controllers and treasurers.

Location: London
Length: 1 week
Price: £2990 (excl. VAT)
Dates
22 – 26 August 2016
5 – 9 December 2016
6 – 10 May 2017

Introduction to Accounts

• Why are accounts needed?
• Key conventions and rules
• Financial accounts
• Management accounts
• Analysing key financial statements

Strategic analysis of financial performance

• Ratio analysis
• The “Weinstock” performance ratios
• Competitor analysis
• Benchmarking

Analysing the cost structure

• Different types of cost – fixed, variable
• Marginal costing
• Full costing
• Cost drivers and activity based costing
• Breakeven and contribution analysis
• Margin analysis

Cash flow and working capital control

• The cash flow cycle-Measures of solvency
• Capital investment budgeting

Financial control of the business

• The whole company budget process
• Integrating forecasting planning and budgeting
• Driving performance improvement through the budget
• Setting appropriate KPI’s-Performance review process
• Multi year budgeting

Pricing issues

• Price differentiation
• The supply and demand relationship
• The significance of volume and the experience curve
• Continuous improvement
• Dealing with competition
• Investment appraisal
• Cash versus profit measures
• Forms of appraisal
• payback, DCF, IRR-Allocating scarce funds

Funding growth

• Sources of additional funds
• The significance of gearing

Financial risk assessment and management

By the end of the course, participants will be able to:

• Understand the limitations of traditional accounting models in an increasingly dynamic and fast changing world
• Contribute more effectively to corporate strategy by taking a more proactive and forward looking approach
• React to conditions of rapid change through enhanced awareness, anticipation and adaptation
• Understand and use alternative expressions of profit that start with a recognition of the impact on cash flow of the various stakeholders in a company
• Monitor the success of projects, strategies and even total businesses by articulating NPVs over time
• Be more confident in decision making and dealing with accountants and other specialists
• Assess the strategic financial performance of the company and compare it with that of competitors
• Understand the significance of cash flow and working capital management
• Understand the concepts of strategic price setting

Understand how strategic financial management fits together in an integrative model

This course can be adapted to your firm, and delivered in your premises. Please get in touch for further information.