Finance, Risk Management & Corporate Governance
Overview
This corporate governance and risk management course offers insights into the complex world of finance, risk management, and corporate governance. The corporate governance and risk management course delves into the pivotal role that capital markets play in globalization and their significance for a well-functioning society. Due to these markets' central and essential nature to our societies, paying close attention to their proper functioning and oversight is imperative. Thus, this corporate governance and risk management course provides a comprehensive overview of the intricate interaction between management and various corporate stakeholders. The corporate governance and risk management course tackles the challenge of meeting these stakeholders' diverse and complex demands through efficient resource allocation over an extended timeframe, incorporating concepts such as financial risk management tools and systems, business risk in financial management, and corporate financial risk management strategies.
Objectives
By the end of this corporate governance and risk management course, participants will be able to: Specify the exact nature and scope of corporate financial reporting. Critically assess specific concepts, rules, and procedures related to corporate financial reporting. Comprehend the importance of working capital in today's market dynamics. Understand the implications of capital structure on a firm's success. Learn how improper capital budgeting can severely impact business outcomes. Identify and navigate limitations inherent in corporate financial reporting and governance. Manage financial risk in project management and make informed decisions. Enhance skills in all areas of finance and governance. Contribute more effectively to the finance and governance process within their organizations. Recognize the significance of professional development in addressing current and future challenges in finance and governance. Increase recognition of their learning and professional commitment by the organization. Engage with and navigate within a challenging learning environment. Integrate business plans with strategic intents. Thereby minimizing inter-functional conflicts.
Audience
This Finance, Risk Management and Corporate Governance Course ideal for: Risk and Compliance Managers Middle managers who require a more in-depth understanding of the concept of governance & Risk Management for state & Public Sector Senior Officials in national, provincial, and local government Staff who support the Board or with responsibility for governance Heads of Departments, Directors, Senior Managers, Managers, Company Secretaries, accountants and Finance Professionals responsible for Governance & Risk Management Executives and Senior Officials of state-owned companies, and as well listed, non-listed organizations
Methodology
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Outline
Day One: Finance and Financial Information Finance & Accounting Developing a Strategic Financial Plan Financial Information: Internal & External Evaluating Financial Performance to improve Liquidity, Profitability & Efficiency Working Capital Management Cash Flow Statements and Calculating Free Cash Flow Day Two: Financing the Business and the Cost of Capital Sources of Long Term & Short Term Finance The Optimum Capital Structure – Equity or Debt? Calculating the Cost of Equity and Meeting Shareholder Expectations Calculating the Cost of Debt – Fixed or Floating Rate The Weighted Average Cost of Capital (WACC) The Capital Asset Pricing Model (CAPM) Day Three: CAPEX - Analysis of Investment Decisions Strategic Issues facing Organisations Today Preparing Project Cash Flow Forecasts in Excel Capital Investment Appraisal Techniques: Accounting Rate of Return (ARR) and Payback Discounted Cash Flow Appraisal Techniques: NPV and IRR Capital Rationing and the Profitability Index (PI) Dealing with Risk in Investment Appraisal - RAROC Day Four: Financial Risk Management Risk and Uncertainty in Business Identifying & Measuring Financial Risk How to Manage Risk – The Four Ts Managing Exchange Rate Risk Managing Commodity Price Risk Managing Interest Rate Risk Day Five: Corporate Governance Recognising the needs of stakeholders The Role and Scope of Corporate Governance Agency Theory: The Role of Directors & Shareholders The Role of External & Internal Auditors The Role of the Audit Committee Emerging trends in Corporate Governance