Module 1: Foundations of Corporate Finance

·       Introduction to corporate finance and its core principles

·       The role of the financial manager

·       Goals of the corporation: shareholder wealth maximization

·       Agency problems and corporate governance

·       The time value of money: present value and future value

·       Practical session: Calculating the present and future value of different cash flows.

Module 2: Capital Budgeting Techniques

·       Overview of the capital budgeting process

·       Net present value (NPV) and internal rate of return (IRR)

·       Payback period and discounted payback period

·       Profitability index

·       Comparing and selecting capital budgeting methods

·       Practical session: Performing a net present value (NPV) analysis for a project.

Module 3: Cost of Capital

·       Understanding the cost of capital and its importance

·       Cost of debt: calculating yield to maturity

·       Cost of preferred stock

·       Cost of equity: CAPM and dividend discount model

·       Weighted average cost of capital (WACC)

·       Practical session: Calculating the weighted average cost of capital (WACC).

Module 4: Financial Statement Analysis

·       Review of key financial statements: income statement, balance sheet, cash flow statement

·       Ratio analysis: liquidity, profitability, solvency, efficiency ratios  

·       Common-size financial statements

·       Trend analysis of financial data

·       Using financial statement analysis for strategic decision-making

·       Practical session: Applying ratio analysis to interpret a company's financial health.

Module 5: Business Valuation: Discounted Cash Flow (DCF) Method

·       Principles of business valuation

·       Forecasting free cash flows

·       Determining the appropriate discount rate

·       Calculating terminal value

·       Sensitivity analysis in DCF valuation

·       Practical session: Valuing a company using the discounted cash flow (DCF) method.

Module 6: Business Valuation: Multiples-Based Valuation

·       Overview of relative valuation using multiples

·       Price-to-earnings (P/E) ratio

·       Enterprise value to EBITDA (EV/EBITDA) ratio

·       Price-to-sales (P/S) ratio

·       Selecting comparable companies and transactions

·       Practical session: Valuing a company using industry multiples.

Module 7: Mergers and Acquisitions (M&A)

·       Motives for mergers and acquisitions

·       Types of mergers and acquisitions

·       The M&A process: target identification, due diligence, negotiation

·       Valuation in M&A transactions

·       Post-merger integration challenges

·       Practical session: Analyzing the financial aspects of a recent merger or acquisition.

Module 8: Capital Structure Decisions

·       Theories of capital structure: trade-off theory, pecking order theory

·       Factors influencing capital structure decisions

·       Optimal capital structure and its implications

·       Leverage and its impact on firm value and risk

·       Raising capital: debt and equity financing

·       Practical session: Analyzing a company's capital structure and recommending changes.

Module 9: Dividend Policy

·       Forms of dividends and dividend payment procedures

·       Factors influencing dividend policy

·       Dividend relevance and irrelevance theories

·       Share repurchases

·       Signaling effects of dividends

·       Practical session: Evaluating a company's dividend policy.

Module 10: Risk Management and Financial Planning

·       Identifying and measuring financial risks

·       Hedging strategies for managing risk

·       Financial planning and forecasting techniques

·       Pro forma financial statements

·       Sensitivity and scenario analysis in financial planning

·       Practical session: Developing a basic financial forecast for a company.

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588