Managers and supervisors with responsibilities on financial performance Business owners and managers who need to communicate with stakeholders, investors, funders, banks, etc. Managers seeking promotions who want the higher skills to get them there.
Understand how your day-to-day decisions impact profit and cash flow Make financial decisions Implement tools for financial management Review financial performance at corporate and business unit levels Work effectively with the finance team to improve finance performance
Why finance matters? Shareholder value Making financial decisions The corporate environment Profitability, Liquidity Risk & Return Assets & Liabilities Shortcomings of shareholder value Basics of accounting Balance sheet Profit & Loss statement Retained earnings Interrelationships between financial statements Accrual accounting Capital employed The fundamental accounting equation Shortcomings of accounting Accounting Principles Consolidated statements Difference between accounting and economic performance/shareholder value Value drivers & Performance metrics Financial Analysis Key ratios: profitability, activity, margins ROCE EVA ® Working capital Calculating NWC Working capital policies Cash Management Credit policies Liquidity ratios and financial strength Debt ratios Financial leverage How to optimise the debt structure (debt/equity) Cash flows EBITDA Free cash flow Depreciation Cash flow forecasting Measuring value creation NPV Discounting cash flows The discount rate Other finance formulas Making investment decisions Capital budgeting IRR, pay back period Terminal values Impact of tax on investment Forecasting free cash flows Operating budgets Role of management accounting Costs and contributions CPS, CPU Break even Product Mix Making financing decisions WACC Cost of capital Cost of debt Threshold margin Financing (external) The value creation formula Summary of shareholder value concept Types of financial decisions Financial planning Value drivers Making financing assumptions Forecasting the free cash flows Pro-forma financial statements Valuation of shares Corporate valuation Valuation techniques Shareholder value added Financing decisions Cost of debt, equity WACC
Jean-Yves LE CORRE Senior Financial Management Consultant Jean Yves has more than ten years experience in large multinational corporations in finance and auditing senior roles as well as in management consulting. He was in charge of the corporate planning for the mining activities of COGEMA where he prepared the 10-year strategic and financial plan of a major business unit, implementing the financial modeling tools for financial planning, consolidated balance sheet and P&L accounts estimates and cash flow analysis. Jean Yves developed extensive experience in coaching and training Finance in Asia, especially China, where he conducted 65+ seminars in the last 2 years. Currently based in China, he provides advisory and assistance to multinationals and Chinese companies on Internal Control and Finance Risk Management. His main courses are: Making Sense of Finance Finance for Non Finance Managers Finance for Senior Managers and Directors Implementing Internal Audit Methodologies The Analysis and Application of IFRS Parts of his selected customers are: Standard Chartered, Carel China, Arkema, Carbone Lorraine, Socomec, A.D.P China, Sabaf, Tyrolit, MMF Shanghai and others