Corporate Finance and Debt Management applied to Treasury - Fundamentals

Corporate Finance is key in creating value in an organisation and has an impact at many levels. It is critical for Finance/Accounting and Corporate Treasury professionals to understand how the financial strategy of their organisation is cascading down and how they can contribute.

This module is part of the certified path "International Treasury Management and Corporate Finance - Fundamentals". It can also be taken independently.

Upon completion of this introductory course, participants should be able to:

• Understand what Corporate Finance is and how it can add value to an organisation

• Understand how financial statements analysis tools contribute to financial planning

• Have an insight on how Debt and Equity are managed in organisations

• Be familiar with the way organisations finance their subsidiaries

• Be aware of valuation and investment appraisal techniques, especially in the context of investment projects

• For all of the above, understand how Finance/Accounting and Corporate Treasury staff can contribute at all levels of the organisation.

1) Introduction : Corporate Finance and Shareholders Value

• What is Corporate Finance ?

• What is Shareholders value ?

2) Capital Structure

• Time Value of Money – NPV

• Interest rate(s) – The yield curve

• Risk Premium

• Weighted Average Cost of Capital (WACC)
  

• Is there an optimal Capital Structure (Debt /Equity) ?

3) Financial Analysis and Financial Plan

•  Financial Statements

•  Ratio analysis

•  Cash Flow Statements

•  Financial Planning

4) Debt Management

• Loan and repayment types – Amortisation

• Interest rate(s) – Interest types and calculation methods

• Debt instruments

• Zoom on syndicated loans and bond issue

• Example of term sheet

5) Equity Management

• Equity issues

• Dividend payout policy

• Share buybacks

6) Intercompany Financing

• Equity injection, intercompany lending or local debt ?

• Dividend repatriation

7) Financial communication

• Investors relations

• Rating agencies

• Financial Statements

8) Investment Appraisal

• Capital Budgeting techniques (NPV, IRR, Payback Period)

• The Hurdle Rate

9) Accounting applied to Corporate Finance & Treasury

•  Selected accounting issues related to Corporate Finance & Treasury
  

For all of the above, the role of Finance/Accounting Staff and Corporate Treasury

Finance/Accounting and Corporate Treasury professionals

Presentation of concepts using slides and review of practical examples

At the end of the training, participants will receive a Certificate of Attendance delivered by the House of Training.