Name: Certified Financial Management Professional
Start: 2020-11-01
End: 2020-11-05
Location: Dubai

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Course Methodology

The course uses a mix of interactive techniques such as brief presentations by the consultant, group exercises, case studies and the use of Excel to apply knowledge acquired throughout the course followed by participants' presentations of the results.

Course Objectives

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

Apply financial analysis techniques to generate conclusions and recommendations regarding business performance
Utilize their macro finance understanding from a strategic and operational perspective
Design dynamic strategic financial planning models
Demonstrate an understanding of mergers, acquisitions, takeovers, and corporate control
Compare how equities and fixed income securities are priced
Develop a practical understanding of corporate finance, cost of capital, and capital budgeting

Target Audience

Finance professionals, finance managers, corporate controllers, financial controllers, treasury professionals, chief accountants, accounting managers, senior accountants, banking professionals, and corporate business professionals.

Target Competencies

Understanding financial statements
Financial analysis
Financial management
Financial modeling
Mergers and Acquisitions (M&As)
Investment valuation
Equity valuation
Fixed income valuation
Capital budgeting

Note

Part of this course includes hands-on training using laptops, which will be made available by Meirc for the duration of the training.

The scope of financial analysis and management
- Introduction to the three pillars of financial management
  - Operating, investing, financing decisions
- An inside look at the key financial statements
- The building blocks of financial statements analysis
  - Vertical analysis and common size financial statements
  - Horizontal and trend analysis
  - Liquidity analysis
  - Solvency analysis: debt and equity
  - Efficiency and working capital management
    - Balances of cash
    - Balances of accounts receivable
    - Balances of inventory
    - Balances of trade payables
    - Using short term bank facilities
    - The cash conversion cycle
  - Profitability analysis: margins and returns
Strategic financial planning and forecasting
- Overview of the financial planning process
- Revenue forecasting: bottom up versus top down
- Forecasting cost of goods sold
- Forecasting fixed and variable costs
- Forecasting balance sheet accounts
  - Using days sales outstanding
  - Using days of inventory on hand
  - Using days of payables
  - Fixed assets forecasting
  - Retained earnings and dividend pay-out policy
- Building 12 months forecast for a seasonal business
  - Modeling 'what-if' analysis
Mergers, acquisitions, and corporate control
- Methods of acquisitions
- Types of Mergers and Acquisitions (M&As)
- Motives for mergers and acquisitions
- 5 phases to the M&A process
- The process of due diligence
- Reasons behind failed mergers
Financing decision: the right mix of debt and equity
- Valuation fundamentals of financial instruments
  - How to price a bond before issuance
  - How to price a stock before offering
- Weighted average cost of capital
  - Impact of debt-to-equity ratio on cost of funds
  - Deciding on the mix of debt and equity
- Optimal financing structure
Capital budgeting and investment decisions
- Practical applications of the time value of money using Excel
  - Future value calculations
  - Present value and NPV calculations
  - Internal rate of return
  - Verifying loan installments based on effective interest method
- The capital budgeting process
  - Forecasting incremental cash flows
  - Deciding on appropriate discount rate
  - Identify working capital commitment
  - Net present value: key decision making criteria
  - Internal rate of return for decision making
  - Discounted payback period
  - Profitability index

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.