Financial Analysis & Forecasting

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Description

This intensive, 5-day course covers the fundamentals of financial analysis and forecasting. The main areas covered are: Contents of accounts The profit and loss account and balance sheet Ratio analysis Cash flow analysis IFRS, IAS and the IASB Time value of money Discounting cash flows Overview of financial management Introduction to spreadsheets Developing forecasts Presenting financial information The course is ideal for managers, analysts, consultants, entrepreneurs and others who seek a proper grounding in the fundamentals of financial analysis and forecasting. The course is in the style of a series of presentations interspersed with case study material. Delegates are required to carry o…

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Didn't find what you were looking for? See also: Financial Forecasting, IFRS, Financial Analysis, Balance Sheet, and Accounting.

This intensive, 5-day course covers the fundamentals of financial analysis and forecasting. The main areas covered are: Contents of accounts The profit and loss account and balance sheet Ratio analysis Cash flow analysis IFRS, IAS and the IASB Time value of money Discounting cash flows Overview of financial management Introduction to spreadsheets Developing forecasts Presenting financial information The course is ideal for managers, analysts, consultants, entrepreneurs and others who seek a proper grounding in the fundamentals of financial analysis and forecasting. The course is in the style of a series of presentations interspersed with case study material. Delegates are required to carry out a significant amount of financial manipulation and will involve the use of spreadsheet software in a number of cases. The case studies are designed to enable the delegate to take ownership of the knowledge offered by applying it to a case immediately after the relevant presentation. This is further reinforced by the completion of group cases towards the end of the course. Delegates are encouraged to ask questions and develop their knowledge by enquiry. The presentation style is intensive, inclusive and informal. In the pre-course period delegates are expected to read from cover to cover a complete set of published statutory accounts. Who should attend? The course is ideal for those persons seeking a proper grounding in the fundamentals of financial analysis and forecasting, including: Business Analysts Equity Analysts Commercial Bankers Managers Consultants Entrepreneurs Financial Trainees Others interested in finance
Day 1 Dealing with the fundamentals Introduction to financial analysis Differences in UK/US accounting terminology Identifying the relationship between cash flow and profit Development of an integrated cash flow model Recognising it’s all about cash Understanding the relationships between the three main accounting statements Exercises: Accounting terminology Fundamentals of accounting statements-the profit and loss account How the P&L has changed over the last 25 years Detailed review of the profit and loss account including explanation of all significant accounting terminology Profit types - trading, asset and business Inventory, depreciation, capitalised interest Minority interests and consolidation Exceptional and material items Fundamentals of accounting statements-the balance sheet Detailed review of the balance sheet including explanation of all significant accounting terminology Understanding the fixed assets note Accounting goodwill – what is it? Liabilities, pension fund accounting Debt and other liabilities like debt Deferred tax, contingent liabilities Financial analysis techniques-ratio analysis Objectives of ratio analysis Developing ratio analysis skills Different types of ratios How much information is there in ratios? Ratio rules – avoiding errors of principle Case study: Use of ratios Delegates match ratios to different types of businesses Delegates consider what ratios do and don’t tell us Day 2 Cash flow analysis and accounting issues Understanding cash flows Detailed review of the cash flow statement Analysing and interpreting cash flows Summarising cash flows for analysis Case study: Summarising cash flows Delegates summarise cash flows for analysis purposes Cash flow analysis The four phases in the life of a business Case study: Examining patterns of cash flows Delegates match cash flows to sectors Cash flow analysis-taking it further Dealing with the consequences of growth and no-growth Case study: Growth and no-growth cash flows Delegates restate cash flows to improve their understanding of performance Global accounting in the new century Overview of the International Accounting Standards Board The implications of the IAS Initiative Review of new standards produced in the last five years Day 3 Financial mathematics and project analysis The time value of money Present and future values Defining the discount factor Exercises: Discounting calculations Net present value -developing the concept NPV’s and varying future cash flows Perpetuities and annuities Exercises: Annuities and perpetuities Project analysis Introduction to project analysis Developing a forecast of the project cash flows Identifying the key risk areas Evaluating capital investment projects Discounted cash flow techniques Calculating the internal rate of return Case study: Speculative housing project Delegates perform investment appraisals to decide whether to proceed with a capital investment Case study: Eight Projects Six delegates evaluate a number of projects and decide which projects should be pursued and which rejected The responsibilities of management The essential aspects of the management task Case study: Management information Delegates review and manipulate management information using Excel Costing and break-even analysis Fixed and variable costs Marginal, absorption and standard costing Case study: Variance analysis Delegates review a variance report and consider the possible causes for variances Day 4 Spreadsheet analysis skills Introduction to spreadsheets Using spreadsheet programmes for business analysis and forecasting The issue of spreadsheet risk Introduction to computer forecasting Overview of the forecasting process Creating useful models Sales, growth and margins Cost identification Driving the cash flow Case study: New low cost airline Delegates prepare a spreadsheet summarising the forecasted first twelve months performance of this low cost airline and analyse it Case study: New low cost airline Delegates identify the break-even of the project and develop a cash flow forecast for the same business Case study: Financial analysis Delegates analyse a business and prepare forecasts of future performance Funding structures The relationship between business risk and financial risk The four phases of the corporate life-cycle Identifying appropriate funding structures Recognising the drivers of funding strategies Day 5 Case studies and presentation skills Case study: Business analysis Delegates analyse a business using the methods presented earlier in the course Case study: Business forecasting Delegates value a business using the methods presented earlier in the course Case study: Financial presentation In small groups delegates prepare and present a slide based presentation of the salient features gained from the analysis case in session one using spreadsheets and graphical techniques
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There are no frequently asked questions yet. Send an Email to info@springest.co.uk