A Practical & Interactive Workshop to help non-financial managers to raise their awareness of finance and to use financial information in making business decisions



This workshop is designed for senior executives with no background in Finance who are involved in the decision making process of the organization. The objective of this workshop is to familiarize you with issues related to the main financial decisions made by the corporate manger. In particular, we will discuss issues concerning the type of long-term investments the firm should select and the sources of funds to finance these investments. By the end of this workshop participants will be better equipped with the basic set allowing them to identify, quantify, and optimize the company's financial performance.

The program is taught by internationally renowned expert, Professor Gady Jacoby is the Professor of Finance at the Asper School of Business and an adjunct faculty of Baruch college, The City University of New York and New York University (NYU). He brings with him over 30 years of consulting & training experience across America and Asia. Professor Jacoby will guide you through the financial jargons with a simple and tested approach to decipher the financial concepts, recording, management accounting and reporting, plus the application of financial information in decision making.

• Awareness and understanding of basic financial concepts
• Interpret financial reports including income, P&L, cash flow and balance sheet statements
• Evaluate long and short term financing options for business expansion
• Review financial health of company's using ratios analysis
• Understand the various techniques of project & asset valuations
• Apply techniques for making critical financial decision decisions that create value
• Understanding of the structure of the financial statements of organizations
• Skills in analyzing and interpreting financial information to assist in both management planning and control

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Key Takeaways

The emphasis throughout this programme is on the practical aspect of financial concepts and techniques. The course will provide participants with a good understanding of terms and jargons. The course will provide non-accounting managers with sufficient knowledge to enable them to be informed participants in discussions at their workplace on business financial performance.

The course will use financial statements and management reports of organizations to explain and demonstrate concepts, and stimulate discussion. A Practical approach to case studies will reinforce your understanding of key financial concepts such as ratio analysis, business valuation and financial statement analysis.

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International Course Director

Gady Jacoby holds a Ph.D. in Finance from York University in 1999 and is Professor of Finance at the Asper School of Business and an adjunct faculty of Baruch college, The City University of New York and New York University (NYU). He is also the Stuart Clark Professor in Financial Management and has chaired the Finance Area Ph.D. Committee since 1999.

Professor Jacoby brings to the class over 30 years of experience in consultancy and financial analysis. The focus of Professor Jacoby's research and consulting work is on the subjects of fixed-income securities, asset-pricing models, market microstructure, and behavioral finance. He has published extensively in financial journals, including the Journal of Financial and Quantitative Analysis, the Journal of Banking and Finance, Journal of Financial Markets, Journal of Financial Research, Applied Financial Economics, Journal of Applied Finance, and Research in International Business and Finance. Professor Jacoby is also a highly sought after speakers and besides holding lecturing positions at New York University (NYU) and the University of Melbourne, and he also taught in China and Uruguay.
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Expert Advice

Receive complimentary advisory with our expert trainer to discuss the issues that matter to your business.

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Be Equipped with the Latest Knowledge to Enhance Your Financial Competency

We encourage all participants to be actively involved in the seminar discussions and have a rewarding and enjoyable experience. This practical hands-on course is also tailored for executive who needs to "fill the gaps" in financial knowledge but without time to undertake a full length finance course. The knowledge acquired is highly practical and can be immediately applied to daily decision making process including essential tools and framework using Microsoft Excel. ^Top

Key Takeaway

• Course Manual: comprehensive material tailored for professionals notes
• A Certificate of Achievement awarded by Financial Training Academy in collaboration with Baruch College, The City University of New York
• Top quality advise and the most current knowledge of financial analysis tools and techniques

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Registration Procedure

Registration is simple, just fax the registration form to 6720 2222

Date	Thursday, February 26, 2009
Venue	Level 4, Concorde Hotel, Orchard Road
Time	9.00am to 5.00pm
Fee	SGD 788 Nett
Enquiries	6720 3333 or email: training@aventisgroup.com.sg

For more information, please contact us at: (65) 6720 3333 or email: training@aventisgroup.com.sg

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Recent Participants

•  A*Star •  A.P Moller Maersk •  AXA Financial •  BHP billiton Marketing Asia Pte Ltd •  DBS bank •  Discovery Asia Inc •  Economic Development Board •  Flextronics •  Fraser and Neave Limited •  Fujitsu Microelectronics Asia Pte Ltd •  Government of Singapore (GIC)     Investment •  HSBC bank •  IDA Singapore •  International Enterprise Singapore

•  Johnson -Johnson Pte Ltd •  Land Transport Authority •  Marriott International Inc. •  MDA •  Merrill Lynch International Bank Ltd •  Ministry of Home Affairs •  Philips Consumer Electronics •  Reed Exhibitions Pte Ltd •  SIA Engineering Company •  Singapore Airport Terminal Services •  SMU •  Spring Singapore •  UOB Life Assurance •  Workforce Development Agency

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Course Outline

We will strive to cover the following topics:

Financial Statements and Cash Flow

• Financial Statements
• Net Working Capital
• Financial Cash Flow
• The Accounting Statement of Cash Flows

Financial Statements Analysis and Long-Term Planning

• Ratio Analysis
• The Du Pont Identity

Discounted Cash Flow Valuation

• Time Value of Money (TVM): The One-Period Case
• TVM: The Multiperiod Case
• Compounding Interest
• Some Simplifications for the Multiperiod Case

Net Present Value and Other Investment Criteria

• Why Net Present Value?
• The Payback Period Method
• The Average Accounting Return Method
• The Internal Rate of Return
• The Profitability Index

Capital Budgeting: Making Capital Investment Decisions

• Incremental Cash Flows
• A capital budgeting example
• Inflation and Capital Budgeting
• Alternative Definitions of Cash Flow
• Investments of Unequal Lives

Corporate Financing Decisions and Efficient Capital Markets

• Can Financing Decisions Create Value?
• A Description of Efficient Capital Markets and the Types of Efficiency
• The Evidence
• Implications for the corporation

The Search for an Optimal Capital Structure

• The Capital Structure Question
• Maximizing Firm Value versus Maximizing Stockholder Interests
• Financial Leverage and Firm Value
• Capital Structure with and without Taxes
• Costs of Financial Distress
• Capital Structure with Taxes and Costs of Financial Distress
• Other Capital Structure Theories
• Capital Structure in Practice

Note: given the time constraint we may not be able to cover all topics mentioned in the tentative workshop outline.

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