Executive Program In Business Finance

Modules 

Topics 

Financial Accounting 

• Understanding the financial statements of various entities
• Financial Statements of Banks, Insurance companies, etc
• Changes in financial statements of enterprises as per IFRS/IndAS
• Analysis of financial statements
• Characteristics of various types of financial statements across sectors
• Case study on financial statement analysis – identification of companies
• Use of statistics using ratio analysis
• Discussion on case analysis on ratio and cash flow
• Cases and exercise solution on financial statement analysis

Introduction to Finance 

• Description of the financial markets – capital market, money market & International Finance market - overview
• Describe different sources of finance available to business both internal and external
• Discuss various long term, medium term and short-term sources of finance
• Discussion on alternate sources of finance – venture capital, private equity, lease financing, export financing
• Discuss the concept of securitization
• Discussion on international financing – understanding financial instrument prevailing in the international market

Time Value of Money and Asset Pricing  

• Calculation of future and present value, including annuity factors
• Valuation of fixed claim (Bond)
• Valuation of stock
• Risk & Return
• Capital Asset pricing model
• Meaning of cost of capital – from raising funds from different sources of finance
• Measure cost of capital of individual components of capital
• Meaning and computation of weighted average cost of capital (WACC)

Capital Budgeting 

• Objectives of capital investment decisions, understanding capital budgeting, cash flows in capital budgeting decisions, basic principles for measuring the same
• Understanding and computing various investment evaluation techniques – Net present value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), Payback period (PBP), Modified internal rate of return (MIRR), accounting rate of return (ARR)
• Applying the techniques of capital budgeting in real world – for capital investment decision making
• Advantages and limitations of investment decisions
• Discuss the concept of risk and uncertainty in capital budgeting
• Techniques used in risk analysis in capital budgeting

Capital Structure & Dividend Decisions 

• Meaning and significance of capital structure
• Understanding and relevance of capital structure theories – traditional approach, net income approach, net operating income approach, Modigliani and miller approach, trading-off theory, pecking order theory
• Concepts and factors for designing optimal capital structure theory. Essential features of capital structure of an entity
• Optimal capital structure. Is there any optimal capital structure?
• Relationship between the capital structure and performance of the company. Its impact on earnings of the shareholders, EBIT v/s EPS analysis
• Discuss the meaning, causes and consequences of over and under capitalization to an entity
• Concept of business risk and financing risk
• Meaning and importance of dividend decisions
• Forms and determinants of dividend
• Theories of dividend decisions

Risk Management 

• Derivatives
• Options
• Futures
• OTC derivatives
• Foreign exchange arithmetic
• Risk in foreign exchange

Chief Financial Officer (CFO)

Financial Controller 

Finance Manager 

Treasury Manager 

Corporate Finance Analyst 

Risk Manager 

Financial Planning and Analysis (FP&A) Analyst 

Business Analyst 

Credit Analyst 

Investor Relations Manager