• Identifying the relationship between cash flow and profit
• Development of an integrated cash flow model
• Recognizing it’s all about cash
• Understanding the relationships between the 3 main accounting statements.

• How the P&L has changed over the last 25 years
• Detailed review of the Profit and Loss Account
• Profit types - trading, asset and business
• Inventory, Depreciation, Capitalised interest
• Minority interests and consolidation
• Exceptional and material items

• Detailed review of the Balance Sheet
• Understanding the fixed assets note
• Accounting goodwill – what is it?
• Liabilities, pension fund accounting
• Debt and other liabilities like debt
• Deferred tax, contingent liabilities

• Detailed review of the Cash Flow Statement
• Analyzing and interpreting cash flows
• Summarizing cash flows for analysis
• Cash Flow Analysis
• Defining free cash flow

• Objectives of ratio analysis
• Developing ratio analysis skills
• Understanding the classic ratios
• How much information is there in ratios?
• Ratio rules – avoiding errors of principle

• Introduction to capital budgeting
• Discounted cash flow techniques
• Calculating the internal rate of return

• Understanding the indicators & signals
• Implications of macro-economic change for Investors, Banks and Businesses

• The relationship between business risk & financial risk
• The four phases of the corporate life-cycle
• Identifying appropriate funding structures
• Recognizing the drivers of funding strategies

• Introducing credit analysis frameworks
• Financial analysis - review of the issues
• Non-financial analysis – Developing a framework

• Strategy analysis - what is strategy/business risk?
• Overview of strategy terminology and concepts.

• SWOT/Environmental analysis
• Porters five forces
• Boston portfolio matrix
• Environments matrix

Cost: 3995 USD

Duration: 5 Days