In today’s globalised market, the rules of the game are constantly changing, gaining accounting and financial knowledge is no longer an option for today’s managers and executives. They need to explore the latest ideas and concepts of investment and finance, and obtain hands-on experience with the most current tools to help their organizations gain an advantage.
This programme delves beneath the surface into various aspects of financial management by examining topics such as financing the business, risk and return, investment appraisals, and valuation. You will walk away with powerful insights and frameworks that you can apply immediately toachieve your business objectives.
Finance and investment decisions are inter-related: business needs funds to invest in projects which, in turn, will generate wealth to the firm. In business venture, how to relate the risk and required return by the investor is a challenging task. Finally, how such factors - project evaluation, dividend policy - influence the value of shares and the firm will be discussed.
1. INTRODUCTION TO FINANCIAL MANAGEMENT
- Goals of financial management
- Corporate strategy and financial strategy
- Role of finance function
- Objectives of business enterprise
- Wealth or profit maximisation
- Management ethics
- Shareholder objectives and agency problem
- Risk and return relationship.
2. FINANCING THE BUSINESS
- Sources of finance
- Long term versus short term financing
- Debt versus equity financing
- Gearing and the long term financing decision
- Internal sources of finance
- Venture capital and long term financing
3. COST OF CAPITAL
- Cost of fund: Debt versus equity
- Combined cost of capital
- Benefit and risk of borrowing
4. TIME VALUE OF MONEY CONCEPT
- Time value of money concept
- Future value and present value concepts
5. INVESTMENT APPRAISALS
- Nature of investment decisions
- Methods of investment appraisal
- Accounting rate of return
- Payback period
- Net present value
- Internal rate of return
- Profitability index
1 day (9.00am ~ 5.00pm)
SMF Members: $374.50*
*fees are inclusive of 7% GST
Telephone: 6826 3100
Fax: 6826 3113
Terms & Conditions
1. All notice of withdrawal must be given in writing before the issuance of letter of confirmation. Once confirmation letter is sent to participant, no cancellation will be allowed or penalty charges will apply.
If notice of withdrawal is received:
- At least 1 week before commencement of the course, a 20% of the full course fee will be charged. For government-funded course, a 20% of full course fee before funding will be charged.
- Less than 1 week before commencement of the course, a 30% of the full course fee will be charged. For government-funded course, a 30% of full course fee before funding will be charged.
- No show on the scheduled date, a full course fee will be levied. For government-funded course, a full course fee before funding will be charged.
2. For all government-funded programmes (WSQ & Non-WSQ), funding is only applicable to:
- Singapore Citizens or Singapore Permanent Residents
- Participants who have achieved at least 75% attendance and sat for all required assessments
Full course fee will be charged to participants who fail to meet the above-mentioned criteria.
3. When a course is cancelled, fail to commence or fail to complete under unforeseen circumstances, participant is allowed to defer the intake at no cost or withdraw from the course; under such situation, a full refund of the advance payment will be given.
4. Notice of change in participant’s name must be given in writing, not less than 5 days before the course commencement date.
5. SMF CCL reserves the right, at our sole discretion, to change, modify or otherwise alter these terms and conditions at any time. Such modifications shall become effective immediately upon the posting thereof.