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Finance Fundamentals: Investment Decisions & Returns

There is a corporate financial aspect to almost every decision made by a business. Marketing managers, corporate strategists, HR & IT managers all make corporate finance decisions every day and often don’t realize it. Understanding corporate finance fundamentals will help them make better decisions.

This practical intensive 2-day course will provide an overview of key corporate finance concepts and will equip participants with practical knowledge and tools to make their own financial decisions with skill and confidence.

Dates: March 12-13, 2015
Time: 9:00 a.m. - 5:00 p.m.
Location: 688 Sherbrooke Street West, Room to be confirmed
Fee: $895.00 CAD plus applicable taxes

Course Pre-requisite: Basic knowledge of Excel functions is recommended


Description

This course covers key corporate finance concepts. It examines the agents, instruments and institutions that make up the financial system of the modern economy, such as bonds, the stock market, derivatives, and the money market.

Standard concepts and tools of financial analysis are introduced: present discounted value, project analysis, cost of capital, option value, various valuation concepts and the efficient markets hypothesis.

In this course we study the basics of discounted cash flow, show how to estimate a weighted average cost of capital to use as a discount rate appropriate to value a company or a project. Alternative valuation techniques are also examined, including risk-return relationships and ratios.


Who Should Attend

  • Business managers and business owners
  • Finance and accounting personnel
  • Assistant-Treasurers, Treasury employees
  • Bank and financial institution employees
  • Insurance professionals
  • Law professionals
  • HR professionals
  • Government employees
  • Administrators
  • Not-For-Profit administrators and managers
  • Professionals in career transition

Objectives

At the end of this course the participant is able to:

  • Participate in cash flows management activities
  • Apply the principles of risk and return to corporate investment decisions
  • Evaluate investment opportunities and apply capital budgeting techniques in investment decisions
  • Demonstrate conceptual and practical knowledge of capital structure and dividend policy and how it affects a firm value
  • Adjust cost of capital and expected cash flows to value investments
  • Adapt a company's capital structure to specific circumstances and corporate strategies

Topics Covered

  • Participate in cash flow management activities
    1. Cash flow cycle
    2. Investment and borrowing needs
    3. Working capital
  • Apply the principles of risk and return to corporate investment decisions
    1. Risk and return relationship
  • Evaluate investment opportunities and apply capital budgeting techniques in investment decisions
    1. Decision criteria
    2. Cash flows types
    3. Discount cash flows
    4. NPV and related indicators
  • Demonstrate conceptual and practical knowledge of capital structure and dividend policy and how it affects a firm value
    1. Debt
    2. Equity
    3. Debt versus equity
    4. Mixed capital structure
  • Adjust cost of capital and expected cash flows to match financing needs
    1. WACC
    2. Interest versus dividend
    3. Cash flow cycle adjustment
  • Adapt a company's capital structure to specific circumstances and corporate strategies
    1. Working capital financing
    2. Hedging approach
    3. Risk management approach

Facilitator

Mr. Messaoud Abda, Adm.A., CFE, CPA, CICA, FICB, MBA, CSI

Mr. Abda has 25 years of diverse professional experience in finance and accounting.
A graduate of HEC Montréal, he partners with institutions and universities in finance and accounting mandates, serving as a lecturer at HEC Montréal, Université de Montréal and McGill University, as well as a chartered training provider for the Québec Bar Association and an instructor at several professional associations.
Mr. Abda runs his own advisory firm, working with large institutions like Hydro-Québec and Caisse de dépôt et placement du Québec, as well as governments and international organizations. He is an expert in governance, ethics, compliance, risk management, financial strategy and financial crime issues, serving as an expert witness in fraud cases. He is often invited to provide media comments on ethics and governance cases, as well as serving as a guest speaker for professional associations and institutions.
Mr. Abda is a CFE member of the ACFE (Association of Certified Fraud Examiners), a Fellow of the Institute of Canadian Bankers, and a CPA member of Chartered Professional Accountants, where he’s actively involved in training and coaching CPA candidates in the CPA Professional Education Program.


Cancellation Policy

Workshops/Seminars
All cancellation & substitution requests must be made in writing to pd [dot] conted [at] mcgill [dot] ca.
Receive a full refund if your cancellation request is received up to 14 days prior to the start date of the workshop.
Receive a refund minus $100 cancellation fee if your cancellation request is received up to 7 days prior to the start date of the workshop.
No Refunds are issued if your cancellation request is received within 7 days of the start date of the workshop, however suitable participation substitution will be permitted.
Please note that if no notice is given prior to the start of the event(s) and you fail to attend, you will be liable for the full course fee.
McGill SCS reserves the right to cancel an event up to 5 days prior to its start.


Contact Information

Telephone: 514-398-5454

E-mail: pd [dot] conted [at] mcgill [dot] ca