Corporate Finance and Debt Management applied to Treasury - Fundamentals

Finance/Accounting and Corporate Treasury professionals

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
• Ris k 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

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

Presentation of concepts using slides and review of practical examples