This programme is suitable for functional managers from non-finance functions managing various key business roles.

Most strategic and operational business decisions rely on fundamental knowledge of financial management. Speaking and understanding the language of finance is an essential skill for leaders and managers throughout the organization. This understanding is also a prerequisite for finance professionals who need to make day to day decisions, and for accounting professionals who wish to advance their careers. Without a clear understanding of financial statements and financial analysis and management, you lack credibility with finance managers and business leaders alike. This certificate in financial management course consists of modules that reveal financial terminology and concepts, giving you the tools you need to communicate fluently with top executives and articulate business investment and project proposals to decision-makers.

• Understanding the financial techniques in understanding and managing the organizational performance 
• Corporate restructuring methods to enhance the value
• Methods of creating long term value for the organization

The course uses a mix of interactive techniques, such as brief presentations by the consultant, group exercises, case studies and the use of Excel to apply the knowledge acquired throughout the course followed by participants' presentations of the results

Module 1: Managing the Performance of Your Organization

• Reading behind the number, unravelling the truths
• Converting financial data into information to reveal a business situation and its prospects3. 
• Using financial ratios (Net Profit Margin, Asset Turnover (Stock Turn, Receivable and Payable days), 
• Return on Capital Employed (ROCE), Return on Invested Capital (ROIC), Return on Equity (ROE), 
• Financial leverage multiplier, to benchmark and then drive performance
• Investigating areas where financial information can mislead you
• Sustainability of business through restructuring

Module 2: Corporate Restructuring and Value Creation

• Understanding sources of finance (equity and debt) along with their respective stakeholder expectations during the restructuring process
• The new weighted average cost of capital (WACC)
• Estimating the Cost of Equity (Ke) and the cost of debt to calculate the WACC?
• The difficulties and drawbacks of calculating the cost of capital for a restructured company? 

Module 3: Driving Long Term Corporate Value Through Corporate Restructuring 

• Understanding the term ‘value’ and linking it to Value-Based Management (VBM)?
  
• Using valuation techniques to understand long term business unit and corporate value
• Review traditional valuation techniques such as net asset value, adjusted asset value, replacement asset value, price to earnings ratios (P/E), price to book (P/B), dividend valuation, EBITDA multiples etc
• Consider economic valuation techniques such as free cash flow (FCF), capital cash flow (CCF), cash flow return on investment (CFROI), economic value added (EVA) (Trademark of Stern Stewart)
• Understanding the difference between enterprise, strategic and equity values
• How does Option theory affect our view of the future?
• What are some of the impacts of overseas operations?
• Reviewing how the financial press, including broker statements, assess the potential of business being restructured