Master Financial Controller
15 - 19 Nov 2009 • Villa Rotana Hotel • Dubai
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Course Agenda
| Programme Timings: Registration will be at 08:00 on Day One. All five days will commence at 08:30 and conclude at 14:30 with lunch. There will be two refreshment breaks at appropriate times. |
Programme Objectives
Through the analysis of practical case studies, (as individuals and using interactive group discussions), the objective of the programme is to impart Geoffrey Barring’s extensive experience in this complex area. You will be updated on developments in the fi eld of fi nancial management and become well versed in the analysis of fi nancial documentation and professional standards. |
Programme Certification
By Attending This Course, The Added Benefits You Will Receive Include:
| • | Ability to use the designation of MFC™ on your business card and resume | | • | One year membership to the IAFM professional body | | • | Access to the IAFM fi nance network and body of information online | | • | Experience of a leading finance expert from the International Academy of
Financial Management | | • | Membership to the only professional body recognised by the AACSB, the
world’s leading collection of business schools | | • | Preferred access to education centres in USA, UK, Europe, Asia, Middle-
East and Latin America | | • | Qualification for entry into the IAFM Master Financial Professional
programme | | • | Access to the IAFM international journal published online | | • | Gold Embossed MFC™ Certifi cate with your name and designation as a
MIAFM (Member of the International Academy of Financial Management) | | • | The MFC™ shows that you have completed graduate banking and
fi nancial management education. | | • | Full accreditation fees included in the course fees |
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Programme Outline
Each daily session will include case studies and analytical issues that will assist with the understanding of the programme and its objectives
| Day One – Sunday, 15 November 2009 |
Nature And Objectives Of External Financial Reporting
| • | The objective of financial reporting |
| • | The regulatory environment |
| • | Strategic role of financial information |
Where Has The Profession Gone Astray?
| • | From Enron to Lehman Bros. |
| • | Its short term ramifications and reactions |
| • | Its long term implications | – | Does Corporate Governance work and what is the cost? | | – | Who will be next? |
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The International Financial Crisis
| • | Could it have been avoided? |
| • | What is the impact throughout the world? |
| • | What is the impact for the profession? Let’s change the rules to suit the need |
| • | What is the impact for the Middle East? |
| • | Light at the end of the tunnel or a train coming towards us! |
| Day Two – Monday, 16 November 2009 |
Reporting Mechanisms And The Operation Of The Financial Markets
| • | IAS and IFRS reporting requirements |
| • | The relationship between the major financial statements |
| • | The annual report - a more detailed analysis |
| • | Understanding the impact of creative accounting |
| • | Overview of the financial markets |
Recent Changes To The International Reporting Requirements Standards
| • | This session provides an update on the introduction of new standards |
| • | What are the recent changes to the standards? |
| • | What impact are they going to have on the profession? |
New Developments In Financial Reporting
| • | Triple bottom line reporting |
| • | Why is it used and what is the use to stakeholders? |
| • | Changes within the GCC |
| Day Three – Tuesday, 17 November 2009 |
Cash Flow Statement, Cash Management And Working Capital
| • | Structure and purpose of the cash flow statement |
| • | Liquidity and solvency issues |
| • | Effective cash management |
| • | Optimising the investment in working capital |
| • | New emphases on cash, e.g. free cash flow | – | Does Corporate Governance work and what is the cost? |
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Financial Statement Analysis For Manufacturing And Non Manufacturing Enterprises
This session looks at the methods that are used for measuring financial performance of companies. It looks at the traditional measures of analysis and then extends the analysis to include issues such as measuring cash flow.
| • | Risk analysis |
| • | Common size financial statements |
| • | Horizontal analysis |
| • | Trend analysis |
| • | Ratio analysis |
| Day Four – Wednesday, 18 November 2009 |
Alternative Ways Of Assessing Company Performance And Viability
| • | Different methods of predicting corporate failure including the Altman Z Score | – | Other failure models including Moody’s and Argenti ‘s approach |
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| • | Use of free cash flow as a measure of corporate efficiency |
| • | Looking at the sustainability of organisations to maintain their growth Business Valuation |
| • | A look at valuation approach and methodology | – | Measurement according to financial principles |
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| • | Why value a company? |
| • | What are the methods used? |
Business Valuation
| • | A look at valuation approach and methodology | – | Measurement according to fi nancial principles |
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| • | Why value a company? |
| • | What are the methods used? |
| Day Five – Thursday, 19 November 2009 |
Measuring And Managing Intellectual Capital And Intangible Assets
| • | Sunrise in the new economy – a look at value shift |
| • | Identifying intangible assets/ intellectual capital |
| • | The valuation proposition – why valuation is important |
| • | Capital market effects of valuation |
| • | Approaches to valuation |
| • | Evidence in practice – companies that are measuring and reporting intellectual capital – how, why and the benefits conferred |