This program provides an understanding of the fundamentals of financial management, with a focus on some international aspects relating to areas such as foreign exchange rate and interest rate risk exposure. Risk management is of vital importance in today’s dynamic, international business environment and this program will promote the understanding of key business risks and how to minimize exposure. In capital-intensive industries, capital project appraisal is vital for value-adding decision-making. Case studies will enable learning to be applied in a practical context. Hands-on models and examples will be a part of every session along with the demonstrations of how to apply particular techniques.

By the end of this course, delegates will be able to:
• Understand agency theory and corporate governance
• Evaluate cost of equity and cost of debt
• Analyze risk and uncertainty with regard to company financing
• Identify exposure to risks associated with foreign exchange rates
• Identify exposure to risks associated with interest rates
• Evaluate the range of financial tools and techniques used to manage exposures to risk such as options, forward contracts and derivatives
• Understand the importance of the appropriate capital structure and dividend policy with regard to the financial strength of the business
• Evaluate capital investment projects using discounted cash flow (DCF) and other appraisal methods
• Use the methods of capital budgeting
• Use alternative methods of business valuation
• Manage working capital more effectively, and identify how the company cash flow may be improved

Non-financial and financial personnel at every level in an organization, providing a user-friendly environment to develop knowledge of international financial management

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
• Lectures
• Workshop & Work Presentation
• Case Studies and Exercise
• Videos and General Discussions

International Financial Management and Corporate Behaviour
• Balance of payments
• International trade
Corporate objectives and financial management
Risk and company financing
• Cost of equity
• Cost of debt
• Agency theory
• Corporate governance
• Analytical tools of strategic development
• Business life cycle
• Capital structure
• Dividend policy
Risk, Foreign Exchange Rates and Interest Rates
• Analyzing investment risk: expected values; value of perfect information (VOPI); standard deviation  Risk and uncertainty decision rules
• Scenario, sensitivity, and break-even analysis techniques
• Risk management principles
• Talking to your bankers about managing risk
• The analytical tools to manage risk
• Developing the tools for your company
• How to minimize risk
• Exchange rate risk exposure
• Interest rate risk exposure
• Purchasing power parity (PPP) theory
• International Fisher effect (IFE) theory
Capital Budgeting
• Discounted cash flow (DCF)
• Future values and present values
• Annuities and perpetuities
• Methods of evaluating capital investment projects
Accounting rate of return (ARR) and payback
Net present value (NPV) versus internal rate of return (IRR)
• How do you choose which method to use?
• Equivalent annual cost (EAC) method
• Capital budgeting methods
• Capital asset pricing model (CAPM) versus arbitrage pricing theory (APT)

A RECTUS attendance certificate will be awarded to all participants who complete at least 80% of the total course duration.