Partner
EXECUTIVE EDUCATION

Certified Financial Management Professional

English
Intermediate
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Course Overview

This program focuses on the key concepts and techniques of strategic financial management, which has as its key aim the creation of corporate value over the long run. Financial management relies crucially on two principal activities which are extensively examined in the program: one is the investment decision, that is, putting productive assets on the balance sheet; and two, the financing decision, which is concerned with optimal capital structuring on the liability side, that is, the use of debt in relation to equity. This course is crucial for all financial managers who require a rigorous understanding of how corporate value creation is linked to the timing and riskiness of cash flows and the cost of capital. The participant will gain practical insight into the management of working capital, the performance of financial analysis, including an examination of the relevant metrics and value drivers in managing the business, as well as consideration of the sources of long-term financing to the firm. Attention is also given to financial distress and corporate restructuring issues as well as the development of strategic business plans. The course develops key skill competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment.
Filip T.
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Key Takeaways

1
An understanding of how the IFRS financial statements are put together and their limitations in business and investment analysis
2
A systematic approach of analyzing financial statements and ratio analysis for assessing business and investment opportunities
3
Effective use of investment appraisal screening and evaluation tools (payback/DCF/ IRR/ MIRR)
4
Broader understanding of current and traditional sources of long-term financing instruments
5
Greater insights into using effective advocacy documents to pitch your investment and business conclusions

Association for the Advancement of Cost Engineering
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Established in 1956, AACE International is the Association for the Advancement of Cost Engineering. Together with the AACE International Certification Institute, it serves over 10,000 members and certificants in 100 countries. Cost Engineering is a field of study using integrated means and methods to enable sound decision making in enterprise asset management. AACE’s Body of Knowledge is developed, refined, and deployed by industry professionals worldwide.

Course Outline

Day 1
Working Capital and Liquidity Issues Components of working capital and calculations

→ The link between working capital and financial statements
→ Management interpretation of ratios as a performance tool
→ Peer group benchmarking and operational implications
→ Liquidity measurement / management and free cash flows
→ The use and abuse of EBITDA
→ Funding strategies – aggressive or a conservative approach
Exercise

Day 2
Long Run (Strategic) Investment Decisions and Investment Analysis

→ Importance of long-term investment decisions
→ How can we be sure we are creating value?
→ The importance of management incentives and agency risks
• Return on Investment
• Return on Capital Employed
• Residual Income measures
→ Developing a conceptual distinction between value creation and destruction
→ Techniques of screening projects and evaluating investment alternatives
→ Cash-based versus profit-based assessments -- strengths and weaknesses
→ How to determine free cash flows and how they are used
• Free cash flow to equity and to all capital providers 
Exercise

Day 3
Determining the Cost of Capital

→ Understanding company cost of capital and relationship to cash flow risks
→ Demystifying risk betas and the capital asset pricing model (CAPM)
• The building blocks of systematic and unsystematic risk
• Distinguishing between financial risk and business risk
→ Developing a weighted average cost of capital (WACC) for a business
→ Modigliani and Miller’s capital structure theory – the role of debt and taxes
→ Impact of dividend policy and its relevance to corporate value
Exercise

Day 4
Corporate Valuations methodologies and approaches

→ Earnings, assets and cash-based methods
→ Dividend valuation model, price/ earnings (PE) and EBITA multiples
→ Options based valuations – more complex valuation exercises
Exercise

Day 5
Managing Financial Risks – Risk Mitigation

→ Managing interest rate risk

• Getting liability structure right

• Managing assets and liabilities

• Transformation of long-term interest

rate structure

• Mechanism and how to use interest rate

swaps

→ Managing currency risk

• Cross currency borrowings

• Currency swaps

Exercise

Looking back at corporate scandals

→ Some celebrated significant scandals

• WorldCom

• Bernie Madoff

• Enron

→ Discussion and analysis of red flags in

Enron’s financial statements

Negotiating Financial Difficulties

→ The challenges of corporate integration

and restructuring - the do’s and don’ts

→ Methodology of a financial restructuring

→ Approach to assess if a reconstruction is

viable

→ The underpinnings of a reconstruction plan

Exercise

Who Should Attend?

This highly practical and interactive course has been specifically designed for
This course has been specifically designed for the benefit of:
→ CFOs
→ Financial managers
→ Financial controllers
→ Internal auditors
→ Strategic planners
→ Business analysts

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FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    CFMP Certified Financial Management Professional
    CFMP Course was significantly worthy and enjoyable for the candidates , it’ including several types of study methodologies especially case study , group work , Financial statement analysis, Advance Ratios analysis and cash flow. The course is really add value for whom seeking to advance their financial management skills. Thanks LEORON
    Majed Basham
    Planning and Budgeting Analyst , MBA
  • Review:
    CFMP Certified Financial Management Professional
    In LEORON the story is different , you feel like in a real business life.
    Fahran Al Yousef
    Planning & Budgeting Manager