Financial Strategy
Course
In Bude
Description
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Type
Course
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Location
Bude
Financial Strategy Course This course builds directly on the Finance and Accounting Foundation Course. Topics in accounting usually have a fairly clearly defined answer. There are techniques available to generate a solution, often in the form of an accounting statement. However, accounting, especially financial accounting, tends to be historic in outlook (i.e. backward-looking), focusing on reporting and analysing past behaviour and performance. The perspective of finance is rather different. Finance focuses on recommending appropriate financial policies designed to optimise the interest of the owners of the firm. Because none of us can predict the future, our policy recommendations are often hedged in with uncertainty.
Facilities
Location
Start date
Start date
Reviews
Subjects
- Financial
- IT
- Financial Training
Course programme
Syllabus
Unit 1: Introductory Issues and Concepts
- Introduction
- Objectives
- Role of the financial manager
- The finance decision
- Concept of value
- Value determinants
- Risk-return trade-off
- The accountant versus the strategist
- Delivering value
- Limitations on value-creating behaviour
- Corporate governance
- Summary
Unit 2: Company Valuation
- Introduction
- Objectives
- Valuation of quoted companies
- Valuing unquoted companies using alternative valuation techniques
- Shareholder value analysis (SVA)
- Summary
Unit 3: Investment Decisions
- Introduction
- Objectives
- Investment decisions and appraisal methods
- Investment appraisal techniques
- Discounting methods/discounted cash flow (DCF)
- Applications of project appraisal
- Risk and uncertainty in project appraisal
- Summary
Unit 4: Financing Decisions
- Introduction
- Objectives
- Financial planning
- Working capital management
- Sources of long-term finanace
- Summary
Unit 5: Required Return on Investment
- Introduction
- Objectives
- Cost of debt
- Cost of equity (Return required by shareholders)
- Capital Asset Pricing Model (CAPM)
- Required rate of return when equity and debt are combined
- Gearing and company value
- Summary
Unit 6: Delivering Value
- Introduction
- Objectives
- Total shareholder return (TSR)
- Theories of dividend policy
- Evaluation of the irrelevance argument
- Objections to divided irrelevence
- Divided policy: key determinants
- Share buy-backs
- Summary
For a more detailed syllabus on this course, click here
Sample Course Materials
Please click on the logo below to view a few sample pages of the course materials we provide. Whilst this is only a few sample pages, we do hope that it will give you some idea of the quality of the materials we provide. If you have anymore queries in relation to the course materials, please feel free to contact one of our friendly course advisors who will be more than happy to deal with any queries that you may have.
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Study Hours
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete the course is: 120 hrs.
Financial Strategy