Certificate in Financial Management is critical for any manager, but the role can often be challenging for those with no previous training. The Financial Management Certificate is designed to provide participants with greater confidence in understanding their business/organization’s financial picture and using that information to make sound decisions.
The workshops will be delivered by instructors working in the financial industry who have experience in both private and public sector finance.
Most strategic and operational business decisions rely on fundamental knowledge of financial management. Speaking and understanding the language of finance is an essential skill for leaders and managers throughout the organization.
This understanding is also a prerequisite for finance professionals who need to make day to day decisions, and for accounting professionals who wish to advance their careers.
Without a clear understanding of financial statements and financial analysis and management, you lack credibility with finance managers and business leaders alike. This certificate in financial management course consists of modules that reveal financial terminology and concepts, giving you the tools you need to communicate fluently with top executives and articulate business investment and project proposals to decision makers.
Today, a good idea is not good enough. Leaders must demonstrate that their plan will deliver measurable results to the bottom line. To drive innovation and organizational success, leaders need to make effective business decisions that provide the most economic value to their organizations. They must have at their disposal the conceptual frameworks necessary to efficiently articulate project and investment proposals to decision-makers, as well as review and discuss plans with the organization’s finance managers.
Find out our wide range of Finance and Accounting courses options.
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.
By the end of the course, participants will be able to:
-Apply their knowledge of corporate financial management
-Employ their understanding in the macro-finance roles from strategic and operational perspectives
-Develop a practical understanding of corporate finance, capital budgeting and cost of capital
-Compare how equities and fixed income securities are priced
-Design dynamic strategic financial planning models
-Demonstrate understanding of mergers, acquisitions, takeovers, and corporate control
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
This course is worth 25 NASBA CPEs.
National Association of State Boards of Accountancy (NASBA): State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
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
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
Practical applications of the time value of money using Excel
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
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
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
The capital budgeting process
Net present value: key decision-making criteria
Internal rate of return
Discounted payback period
Weighted average cost of 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
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
Measures to detect and protect against financial fraud in the business:
fiscal controls, policies, and corporate culture
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
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
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
Corporate Income Taxes
Commodity taxes (HST)
Financial decision making tips and techniques
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