Sources of Finance and Capital Structure Training Course

Module 1: Foundations of Corporate Finance

• The goals of a financial manager
• The relationship between finance and accounting
• An overview of the financial system
• The role of financial markets
• Practical session: A discussion on a case study of a company's financial goals and strategies

Module 2: The Time Value of Money

• The concept of present and future value
• The role of interest rates
• Calculating net present value (NPV) and internal rate of return (IRR)
• The use of financial calculators and software
• Practical session: A hands-on exercise on calculating the value of a series of cash flows

Module 3: Sources of Long-Term Finance

• An overview of equity financing (e.g., common stock, preferred stock)
• An overview of debt financing (e.g., bonds, loans)
• The role of retained earnings
• The importance of hybrid financing
• Practical session: A group exercise on evaluating a company's long-term financing options

Module 4: Sources of Short-Term Finance

• The purpose of working capital
• An overview of short-term financing options (e.g., trade credit, bank loans)
• The role of factoring and accounts receivable
• The importance of a short-term financing strategy
• Practical session: A group discussion on how a company can manage its short-term cash flow

Module 5: Introduction to Capital Structure

• The definition of capital structure
• The relationship between debt and equity
• The importance of an optimal capital structure
• The role of leverage
• Practical session: A hands-on exercise on calculating a company's debt-to-equity ratio

Module 6: Theories of Capital Structure

• The Modigliani-Miller (M&M) theory
• The role of taxes and financial distress
• The pecking order theory
• The importance of market timing
• Practical session: A group discussion on a case study of a company's capital structure decision

Module 7: Cost of Capital

• The definition of the cost of capital
• The cost of equity and the cost of debt
• Calculating the Weighted Average Cost of Capital (WACC)
• The role of WACC in investment decisions
• Practical session: A hands-on exercise on calculating a company's WACC

Module 8: Working Capital Management

• The importance of working capital
• The management of inventory, accounts receivable, and accounts payable
• The cash conversion cycle
• The role of technology in working capital management
• Practical session: A group exercise on how to improve a company's working capital

Module 9: Capital Budgeting and Investment Decisions

• The purpose of capital budgeting
• The use of NPV, IRR, and payback period
• The importance of risk analysis
• The role of a capital budget
• Practical session: A hands-on exercise on evaluating a capital budgeting project

Module 10: Capstone Project: Developing a Capital Structure Plan

• A comprehensive review of all course modules
• Participants work on a full-scale finance project
• Developing a capital structure plan for a new or existing company
• Presenting their plan and its projected impact
• Practical session: Finalizing and presenting a complete capital structure plan to the group

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