Module 1: Introduction to Financial Management
Financial accounting and general accounting theory and concepts
The different types of accountant reports: internal and externally prepared (Compilation, Review Engagement, or Audit)
Various Financial Reporting Standards or Frameworks
Analysis of financial statements for evaluating business performance
Financial performance ratios: such as asset-based, liquidity and profitability ratios
Historical performance measures and trends to better position the business in the future
The needs of the business and identifying signs of financial problems
Module 2: The Scope of Corporate Financial Management
Introduction to the three pillars of financial management
An inside look at the key financial statements
Why is cash flow king?
The building blocks of financial analysis:
Vertical analysis and common size financial statements
Horizontal and trend analysis
Liquidity analysis
Solvency analysis
Efficiency analysis
Profitability analysis
Practical applications of the time value of money using Excel
Module 3: Cost and Managerial Accounting and Budgeting
Cost and managerial accounting theory and concepts
The role of internal reporting and reporting methods/process
Fixed, variable and mixed costing
Inventory costing methods and accounting process
What is a budget and how is it different from a forecast or projection
Capital versus operations budgeting
Pricing and cost change impacts on financial results and profitability
Module 4: Strategic and Operational Financial Planning
Overview of the financial planning process
Understanding the sustainable growth rate
Pro-forma financial statements and assumptions
Building income statement projections
Building balance sheet projections
Modeling ‘what-if’ analysis
Module 5: Financial Projections and Financial Modeling Techniques
The purpose of projections and role they play in business
How projected financial statements are prepared
Financial modeling – basic Excel review (projections, cash flow, project-based, present value etc.)
Evaluation of a new project or expansion to determine viability or cash-flow needs
Techniques for managing cash flow:
-rolling cash flow spreadsheets (month over month actual vs. budget targets)
-tracking capital and other projects to budget
Module 6: Corporate Finance, Capital Budgeting and Cost of Capital
The capital budgeting process
Net present value: key decision-making criteria
Internal rate of return
Discounted payback period
Profitability index
Weighted average cost of capital
Module 7: Financing and Raising Capital
Asset management and credit
Financial options, e.g., debt financing vs. equity financing
Raising Capital – Angel investors, venture capital
Working capital and its uses
Dealing with Lenders – how to prepare
Guarantees and security
Cash flow – debt covenants and margining
Basic principles of business valuation and its role in buying or selling a business
Module 8: Mergers, Acquisitions, and Corporate Control
Methods of acquisitions
Types of Mergers and Acquisitions (M&As)
Motives for mergers and acquisitions
5 phases of the M&A process
The process of due diligence
Reasons behind failed mergers
Anti-takeover measures
Module 9: Fiscal Controls and Fraud Prevention
Measures to detect and protect against financial fraud in the business:
fiscal controls, policies, and corporate culture
best practices
How fraud occurs
Corporate risk tolerance assessment
Corporate fraud mitigation plans and communication policies
Internal audit processes or functions
Warning signs and what to do when fraud occurs
Module 10: Stock and Bond Valuation
Valuation fundamentals of financial instruments
An inside look at common and preferred stocks
Stock valuation principles
Shares held for specific period
Stocks held indefinitely
The free cash flow approach
Fixed income securities valuation
Bonds: premiums and discounts
Module 11: Financial Decision Making
Project analysis:
Calculate return on investment, present value, payback, breakeven point analyses
Evaluate financing options for capital projects
When is it better to lease vs. buy
The impact of external factors on your financial picture:
Interest rate and market fluctuations
Currency fluctuations
Trade agreements
Taxation Overview:
Corporate Income Taxes
Payroll Taxes
Commodity taxes (HST)
Financial decision making tips and techniques
Module 12: Working Capital and The Financing Decision
Components of working capital
Conservative approach to working capital management
Aggressive approach to working capital management
Ways of financing current assets
The cash conversion cycle and cash management