Diploma in Business Finance
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The economic uncertainties of today’s world make it imperative for non-financial managers to have a firm grasp of the financial consequences of business decisions. With volatility in financial markets and margins narrowing from highly competitive trading conditions, mid to senior level executives need to be aware of how investment and funding decisions can affect the value of an organisation.
Designed to equip participants with the necessary tools and knowledge to understand the financial consequences of business decisions, this diploma will enable non-financial managers to communicate effectively with those in senior accounting and finance positions ensuring that all of the organisation’s functions are better integrated, significantly boosting the firm’s overall value.
This diploma will provide participants with a new ability to integrate a financial approach into their business decision making. In doing so, they will contribute to ensuring a sound financial basis for implementing all of their organisation’s strategic plans and decisions.
Upon completion of this programme, participants will have a deeper understanding of how to interpret and use financial reports to make better business decisions and obtain a broader understanding of business finance to better assess the value of strategic decisions, including investment projects and acquisitions.
- Understand how economic outcomes of business decisions are reflected in an organisation’s financial reports
- Communicate more effectively with their CFO and financial executives in their organisation
- Understand business valuation techniques
- Sharpen skills in assessing the strengths and weaknesses of competitors by analysing their financial statements
- Improve ability to use financial information in managerial decision making
- Assess the desirability and value of investment projects, corporate assets, and whole companies (acquisitions)
- Understand the impact of operating decisions on financial performance
Understanding Financial Statements
- Understand the essential components and relationships among the key financial statements;
- Examine the income statement, balance sheet and statement of cash flows;
- Analyse accounting policies; distinguishing operating and non-operating items;
- Evaluate basic financial statements; basic profitability analysis and ROIC trees.
The Financing Landscape
- Develop a more sophisticated understanding of financial markets; the time value of money;
- Understand sources of finance including equity, debt, leasing, private equity; CAPM and the cost of capital.
Revenue and Cost Analysis
- Investigate cost drivers; cost allocation methods; make-or-buy decisions;
- Understand flexible budgeting and profitability analysis.
Key Financial Decisions
- Understand how firms create value through better working capital management;
- Evaluate investment projects, marketing, and R&D expenditures;
- Estimate project cash flows;
- Determine the value created by investment decisions.
- Understand the meaning of international financial markets for corporate decision-making in a globalised world;
- Understand the economic intuition behind changes in exchange rates through the interplay of interest rates, inflation levels and exchange rates;
- Ability to discuss the conceptual and managerial analysis of economic exchange exposure.
Corporate Financing Issues
- Develop insight into key corporate finance issues such as financial policy; mergers, acquisitions and divestments;
- Develop an understanding of value based management systems; value drivers; valuation and firm performance analysis;
- Understand and evaluate complexities of executive compensation and dividend policy.
Upon completion of this programme, participants will have acquired a deeper understanding of how to interpret and use financial reports to make better business decisions and obtain a broader understanding of corporate finance to better assess the value of strategic decisions, including investment projects and acquisitions.
Specifically, the programme will help participants:
- Understand how the economic outcomes of business decisions are reflected in an organisation’s financial reports;
- Communicate more effectively with their CFO and financial executives;
- Understand business valuation techniques;
- Hone the ability to assess the strengths and weaknesses of competitors by analysing their financial statements;
- Improve their ability to use financial information in managerial decision-making
- Assess the desirability and value of investment projects, corporate assets, and whole companies (acquisitions) ;
- Understand the impact of operating decisions on financial performance.
This programme is delivered over a series of 6 two-day workshops within a 10–month period. Workshops are held on Fridays and Saturdays to minimise interference with busy work schedules. The programme structure is designed in order to facilitate busy work/lifestyles and to assist participants with incorporating study into their working lives while enhancing their contribution as a member of the management team.
Assessments and Workload
This programme involves no examinations – instead the emphasis throughout is on the practical application of knowledge to your personal and organisation’s benefit. Participants are assessed on a module-by-module basis through a variety of practical assignments. Assessment workload is spread across the duration of the programme to allow you to combine learning with work and life demands. In order to accelerate learning, between modules participants are expected to complete assigned reading from texts, cases and articles. All continuous assessment is completed by participants either individually or in groups and this is set out in the study guide for each module. Some modules require pre-coursework in addition to the post-coursework which is set for each taught modules.
Who should attend
- Mid-to-senior level executives outside the finance function looking to enhance their contribution to senior management decisions
- Mid-to-senior level executives who need to know how to interpret financial information to get to the reality behind the numbers
- Owner-managers who want to enhance their financial acumen
- High-potential executives who want to accelerate their understanding of the critical role that financial information and issues play in the development of the firm
The programme is suitable for mid to senior level executives of all sizes and types of companies including:
- Small to medium size firms
- Start-up operations
- Large public and private companies
- State and Semi-State Bodies
- Family Businesses
- Professional organisations/partnerships
- Charitable or not-for-profit organisations