The Oxford 5-Day MBA in Finance

Introduction:

Today's business professionals must understand the flow of financial resources. Such an understanding is needed daily; whether it is used to anticipate trends, evaluate company performance, or obtain funding. People from non-financial backgrounds are often called upon to make decisions based on modern financial controls, and they must have the know-how to navigate the financial systems that have a significant impact on their professional responsibilities.

This course designed to provide business professionals with a deeper understanding of corporate finance as practiced by today's most powerful companies. Designed specifically for non-financial personnel, this intensive seminar approaches the subject of finance as it relates to the corporation as a whole.

Targeted Groups:

High-Level Managers integral to the decision-making process
Non-Financial Business Professionals managing who has been promoted to financial positions
Financial Professionals wanting an update or a “refresher” of their knowledge
Junior Managers working in the finance area
People who want to gain great knowledge to improve their career

Course Objectives:

At the end of this course the participants will be able to:

Understand the appropriate discount rate to be used in investment appraisal
Understand the pros and cons of different types of financing
Recognize the factors must be considered in deciding on a dividend policy
Learn what is the exact nature and scope of the issue to be analyzed
Define products are available to manage risk
Understand why is correlation so important in managing risk
Understand specific variables, relationships, and trends are likely to help analyze an annual report
Get the ability to actively participate in financial decision making
Appreciate the relative merits of varying asset classes.
Recognize the importance of risk in determining the cost of capital
Utilize sophisticated investment appraisal techniques
Appreciate the key items from an annual report and recognition of important ratios and linkages
Recognize the appropriate tool to manage risk
Integrate with spreadsheet modeling

Targeted Competencies:

Financial analysis
Financial decision making
Risk management
Financial statements
Annual report
Investments evaluation

Course Content:

Unit 1: Introduction to the Financial Markets:

An introduction to the equity markets:
- IPO
- Market Indices
- International Equity Market Links
An introduction to bond markets
Long Term versus Short Term
Treasury versus Corporate
Types of Bond
The spot and forward market
Exchange Rate trends and linkages
Carry Trades
Futures
Options
An introduction to the FX market
An introduction to the Derivatives Market
The link between risk and return

Unit 2: Evaluating Investment Opportunities:

The Markowitz model of Portfolio Risk
The Capital Asset Pricing Model
The time value of money and discounted cash flow techniques
The Gordon Growth Model
A practical application of forecasting dividends
Determining the Cost of Debt
The Ameritrade Case
The importance of the cost of capital
Scenario analysis
The weighted average cost of capital (WACC)
A practical application of the IRR approach
Pitfalls in using the IRR approach
Investment Appraisal using the Net Present Value approach
Payback and adjusted Payback
The Internal Rate of Return (IRR) approach
Real Options

Unit 3: Annual Report:

The Balance Sheet
The Income Statement
The Cash Flow Statement
Ratio Analysis
Forecasting Sales
The cost of sales approach

Unit 4: The Corporate Financing Decision:

Financial Leverage
- Modiglianni and Millers Theory of Capital Structure
- The Risk of Bankruptcy
- The Optimal Capital Structure
The Dividend Decision
The clientele effect
The taxation effect
The principal-agent problem
The market for Corporate Control

Unit 5: Risk Management:

Hedging Exchange Rate risk using:
- The forward market
- The options market
- Zero cost collars
Hedging commodity price risk using:
Options
Futures

Finance and Accounting Courses

The Oxford 5-Day MBA in Finance

Introduction:

Targeted Groups:

Course Objectives:

Targeted Competencies:

Course Content:

Unit 1: Introduction to the Financial Markets:

Unit 2: Evaluating Investment Opportunities:

Unit 3: Annual Report:

Unit 4: The Corporate Financing Decision:

Unit 5: Risk Management:

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