By the end of this course, delegates will be able to:

• Specifying the exact nature and scope of corporate financial reporting
• Understanding financial risks and their interactions
• Being familiar with market and regulatory developments in risk management
• Identifying and overcoming limitations that are inherent in corporate financial reporting and/or corporate governance

DAY 1

• Introduction
• The three major components of finance
• Inventory
• Accounts receivable
• Cash
• Accounts payable
• Notes payable

DAY 2

• Equity, and debt capital
• Operating, financial, and combined leverage
• Cash flows and the time value of money
• The capital project evaluation process
• Ideas for the future with a multiple time periods horizon
• Estimating cash flows within the business system
• Defining the approval criteria and review process

DAY 3

• Post-implementation audits of capital projects
• Refinements of investment analysis
• Dealing with risk and changing circumstances
• Cost of capital and return standards
• Benchmarking discount & hurdle rates

DAY 4

• Uncertainty and risk/opportunity
• Identifying strategic financial risks
• Identifying operational risks
• Identifying functional financial risks
• Assessing financial risks in each perspective
• Clarifying desired outcomes, expected outcomes, and actual outcomes
• Quantitative and qualitative risks

DAY 5

• Corporate governance environment
• Relevance of corporate governance
• Perspectives on corporate governance
• Corporate governance models
• Structure & practices
• Emerging trends in corporate governance
• Principal-agent theory and applications
• Independence in fact versus appearance

• Managers
• Financial officers
• Financial planners
• Auditors 
• Anyone interested and wanted to develop his performance in financial risk management